How is Growing Preference of Herbal Personal Care Products Driving Demand for Neem Extract?

 The demand for personal care products has been soaring these days all across the globe. As people are now extremely conscious regarding their physical appearance, they are increasingly investing in personal care products that can aid in enhancing their aesthetic appearance. Moreover, the increased disposable income of people, thanks to the strong economic growth, in various countries is also resulting in the increasing demand for personal care products. These day the demand for herbal personal care products has been rising as well, since people are getting increasingly aware regarding the side-effects of cosmetics.

Several skin and hair care products contain chemicals that can prove harmful for the human body. Owing to this, the demand for neem-based products has increased substantially over the past few years, thereby resulting in the growth of the global neem extract market. Other than this, the preference for Ayurvedic medicines has also been rising in various parts of the world. For example, while the popularity and easy availability of allopathic medicines increased considerably in India a few years back, now the focus is again shifting towards Ayurveda, which is further resulting in the increasing demand for neem extract. 

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Neem contains various chemicals which are capable of reducing blood sugar levels, preventing pregnancy, healing ulcers in the digestive tract, killing bacteria, and preventing the formation of plaque in the mouth. Owing to such advantages, the plant is widely utilized as a natural and home remedy for taking care of several ailments. In addition to all this, the plant also has antioxidant properties and can help in protecting the skin from pollution, harmful ultraviolet radiation, and other environmental factors. The presence of fatty acid and vitamins in neem also helps in maintaining and improving the elasticity of skin and in reducing fine lines and wrinkles.

It is because of all these factors that the global neem extract market is predicted to generate a revenue of $1,868.2 million by 2022, progressing at a 16.3% CAGR during the forecast period (2016–2022). On the basis of segment, the market is categorized into bark extract, seed extract, and leaf extract, among which, the bark extract division is projected to witness the fastest growth during the forecast period. This can be ascribed to the rising requirement for bark extract from the Asia-Pacific (APAC) region.

In terms of application, the neem extract market is divided into animal products, agriculture, and health & personal care, out of which, the animal products division is expected to account for the highest CAGR during the forecast period. This is due to the rising requirement for herbal animal food from countries including Brazil, the U.S., and France. Geographically, the APAC region dominated the market in the past, according to a report by P&S Intelligence. This was primarily because of the presence of the major Ayurvedic companies in the region that consume the product on a large-scale.

In conclusion, the demand for neem extract is growing due to the increasing demand for herbal personal care items and focus towards Ayurvedic medicines.

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Popularity of UHT Milk Set to Soon Eclipse That of Regular Milk

 In recent times, there has been a steep rise in the popularity of UHT (ultra-high-temperature) processed milk all over the world. This is predominantly because of the lack of proper refrigeration space and equipment and long power outages in several countries around the world. Moreover, the high refrigeration costs in various other countries are pushing up the popularity of food items such as UHT milk that can last long without requiring refrigeration. Unlike regular milk which requires continuous refrigeration till consumption, this type of milk can be stored for as long as nine months without refrigeration.

The ability of the UHT milk to remain fresh for such a long period of time and without requiring continuous refrigeration makes it a highly popular food item, particularly in the developing countries that have a poor cold storage infrastructure. Additionally, the longer shelf life of the product is boosting its popularity amongst the people living in apartments, especially in the developing nations of the Middle East, Africa, and Asia-Pacific. Moreover, the rising adoption of busier lifestyles is fueling the consumer demand for ready-to-eat/drink items, which is, in turn, propelling the advancement of the UHT milk market across the world. 

In China, 60% of the total milk drinkers consume UHT milk these days, as per many reports and surveys. This share of UHT milk drinkers is predicted to rise further in the future years, mainly because of the rapidly increasing population of the country. The other major factors contributing to the surging sales of UHT milk are the increasing disposable income of people and the availability of affordable private-label UHT milk in numerous hypermarkets and supermarkets in several countries around the world.

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Because of the above-mentioned reasons, the consumption of UHT milk will increase tremendously in the coming years, which will, in turn, cause huge expansion of the global UHT milk market in the future. The market is categorized on the basis of segment into semi-skinned, skimmed, and whole. Out of these, the whole category recorded the highest volumetric growth in the market during the last few years. The largest consumers of whole milk were children in the age bracket (2 years and below). This is because this milk contains all the necessary nutrients required by a toddler for growing up properly.

Globally, the UHT milk market registered the highest volumetric growth in Europe in the years gone by, as per the findings of the market research firm, P&S Intelligence. This is ascribed to the high consumption of various dairy products and the high per capita consumption of milk in the Netherlands, Belgium, Germany, and several other European countries. In addition to this, the easier production and distribution of this milk in the European nations in comparison to the other countries led to huge sales of this milk in this region in the past few years.

Therefore, it can be said with surety that the requirement for UHT milk will rise enormously all over the world in the forthcoming years, mainly because of the longer shelf life of this milk than regular milk and the lack of proper refrigeration space and facilities in various countries across the world.

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Tire Mold Market Set to Exhibit Tremendous Growth in Future

 As the spending power of people across the globe is increasing, the production of vehicles is rising as well. Now due to urbanization and economic growth, people in developed and developing countries are able to spend money on luxury items, such as cars. In addition to this, because of technological advancements, vehicles themselves have become more affordable. It is because of all these reasons that that the production of vehicles is growing worldwide. For example, approximately 92 million vehicles were produced globally in 2019. Among the major producers of cars, namely China, Germany, and Japan, China produced the largest number of cars, i.e. 21.3 million cars, in 2019.

There is no doubt about the fact that this growing production of vehicles is creating an increasing demand for different automobile components, including tires. This, in turn, is driving the demand for tire molds around the world. Under the tire molding process, raw rubber structure is shaped into a functional tire having specified properties and dimensions. A designated pressure is required for the green tire in a mold in order to provide it the final shape. Furthermore, heat energy is needed for stimulating the chemical reaction between rubber and other materials. The global tire mold market is expected to progress at a substantial pace in the coming years.

Two types of tire molds are two-piece and segmented molds, between which, the demand for two-piece tire mold was higher in the past. This is because of the lesser complexity and easier operation of these tire molds as compared to segmented molds. However, this being said, the demand for segmented tore molds is projected to increase considerably in the near future, which is due to the higher efficiency in molding and curing of green tires with these molds.

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The different applications of tire molds include off-the-road (OTR) tires, passenger car radial (PCR) tires, and truck & bus radial (TBR) tires. Out of these, the largest demand for tires molds was generated for PCR tires in the past, which can be attributed to the emerging trend of increasing automotive ownership. Other than this, the demand for tire molds for TBR tires is also predicted to increase in the years to come due to the rising demand for logistics and transport sectors.

When geography is taken into consideration, the Asia-Pacific region emerged as the largest tire mold market in the past, which is owing to the high number of vehicles in the region and mature automotive manufacturing industry in China. In addition to this, a large number of key tire manufacturers are operating in the region. Other than this, the demand for tire molds in North America is also expected to grow considerably in the years to come because of the recent restrictions on trade from China.

In conclusion, the growing automobile ownership and increasing disposable income of people is driving the demand for tire molds across the globe.

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U.S. Electric Truck Market 2020: Emerging Trends, Revenue Estimation, Global Size and Forecast Report to 2030

 This penetration of electric vehicles in the U.S. is not just limited to passenger vehicles, but commercial heavy duty and light duty vehicles which run on electricity are also being increasingly adopted. Electric trucks have many advantages over traditional fuel-based trucks, such as low operational and maintenance costs, which is why the demand for these trucks in the U.S. is growing. According to a report by P&S Intelligence, in 2019, the U.S. electric truck market reached a value of $211.5 million and is predicted to generate a revenue of $30,335.3 million by 2030, advancing at a rapid pace of 58.2% CAGR during the forecast period (2020–2030).

Electric trucks are of three types, namely heavy-duty truck (HDT), light-duty truck (LDT), and medium-duty truck (MDT). Out of these, the LDTs are predicted to be the most in demand in the coming years. Companies in the domain are targeting fleet owners, who are focusing on reducing their operational expenditure, and are offering them electric variants of pickup trucks. These trucks have different ranges— 0–150 miles, 151–250 miles, 251–500 miles, and >500 miles. Electric trucks in the range of 151–250 miles were the most in demand in 2019, as the preference of class I and II trucks is high.

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In addition to this, trucks having higher range have not yet been able to address issues such as long charging time, high battery weight, and low battery energy density. In terms of propulsion, there are four types of electric trucks, namely fuel cell electric vehicle (FCEV), battery electric vehicle (BEV), plug-in hybrid electric vehicle (PHEV), and hybrid electric vehicle (HEV). BEVs were most in demand in the past, which can be ascribed to the rising government support in the form of incentives. Moreover, companies in the domain are collaborating with battery manufacturers to bring down the battery cost further and increase their energy density and life span.

Electric trucks have applications in logistics and municipal sectors. The logistics sector created the larger demand for electric trucks in the U.S. in 2019, owing to the swift growth of the e-commerce, retail, and manufacturing industries in the country. Furthermore, the logistics sector itself is registering significant growth in the U.S., which is contributing to the growth of the U.S. electric truck market. As the demand for faster and more convenient deliveries is growing, logistics companies are electrifying their fleet for optimizing operations.

Hence, the demand for electric trucks in the U.S. is rising due to the decreasing battery costs and expanding logistics sector.

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Demand for Shower Glass Doors to Rise in Asia-Pacific

The world has changed a lot since the past few years and with it the priorities of people have changed as well. Since items that were once considered luxurious are now available at cheaper prices, along with the rise in the disposable income of people, the demand for products such as shower glass door has increased. These doors are fixed in bathrooms for preventing water from coming outside the bathtub or the shower. Shower glass door further increase the aesthetic appeal of washroom, which is why they are widely being used in modern washrooms.

Due to all these factors, the global shower glass door market is predicted to register considerable growth in the years to come. The rapid urbanization across the globe is also a major factor that has led to the rising demand for shower glass doors. People are increasingly migrating from rural to urban areas, as a number of facilities are available at such places. This is further resulting in the growth of the real estate industry, as a larger number of people are now looking for personal houses. The growth of the real estate industry is positively affecting the demand for shower glass doors.

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These days, shower glass door are also available at online platforms, which is why people can get these products easily. The surging penetration of internet and smartphones is leading to the growing adoption of online retailing platforms all across the globe. Online retailing channels are becoming the key distribution channels for home improvement and decoration items, such as shower glass doors. The rising penetration of this distribution channel is further opening up wide opportunities for the new companies entering in the domain, thereby leading to the growth of the shower glass door market.

When type is taken into consideration, the market is divided into framed and frameless, between which, the frameless category held the larger share of the market in the past and is further expected to contribute the largest revenue share to the market in the coming years as well. This is due to the fact that frameless heavy shower glass doors are considered a contemporary design trend. These doors provide bathrooms with a luxurious and spacious look, owing to which, people are increasingly opting for these doors.

Frameless shower glass doors are further ideal for small bathrooms, as they take less space than framed shower glass doors. These doors are further made up of denser materials, which means that the number of elements that may break is lesser than that of framed shower glass doors. Geographically, Asia-Pacific is projected to register the fastest growth in the shower glass door market in the coming years, as stated in a report by P&S Intelligence. This is because of the rising awareness regarding brands and increasing preference for high-end products in the region. In addition, the improving economic situation of various countries in the region is also driving demand for these products.

In conclusion, the demand for shower glass doors is growing due to the rapid urbanization and increasing disposable income of people.  

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Demand for Food Coating Ingredients Set to Soar in Asia-Pacific (APAC) in Coming Years

 In recent times, there has been a sharp rise in the consumption of ready-to-eat food items and fast foods, which has tremendously boosted the requirement for food coating ingredients across the world. Moreover, the rising urbanization and the busier lifestyles of people are further pushing up the demand for ready-to-eat food items such as savory snacks, confectionery and bakery products, nutrient bars, and cereals which is, in turn, bolstering the sales of food coating ingredients throughout the globe. This is because the food coating ingredients are widely used for limiting the contact between the food and the outside environment. 

Apart from the growing consumption of convenience foods, the increasing popularity of processed food items is also boosting the need for food coating ingredients as these ingredients play a major role in preserving these food items. In addition to this, the soaring consumption of poultry and meat products is fueling the requirement for these ingredients, on account of the fact that these coatings help in preventing adhesion, disintegration, and agglomeration of the food products.

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Fats and oils, cocoa and chocolates, spices and seasoning, batter and crumbs, flours, sugars and syrups, hydrocolloids, and starches are the most commonly used types of food coating ingredients all over the world. Out of these, the utilization of the cocoa and chocolates coating ingredients was recorded to be considerably high during the last few years. This is ascribed to the high requirement for chocolate and cocoa coatings in a plethora of food items such as confectionery products, convenience foods, and bakery products.

Globally, the Asia-Pacific (APAC) food coating ingredients market is predicted to be very lucrative in the forthcoming years. This is because of the ballooning requirement for processed foods, increasing population, rising disposable income, and changing lifestyles of the people living in the various APAC countries. The sales of food coating ingredients will rise considerably in China, Australia, and India in the years ahead mainly due to the increasing consumption of fast foods and ready-to-eat food products in these countries.

Hence, it can be safely predicted that the sales of food coating ingredients will rise steeply all over the world in the upcoming years, primarily because of the growing consumption of processed foods, ready-to-eat items, and confectionery products and the increasing requirement for food protection agents in many countries around the world.

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Why will Demand for Animal Healthcare Swell in Asia-Pacific (APAC) in Coming Years?

Since the last few years, there has been a tremendous rise in milk and meat consumption across the globe. This is mainly due to the increasing population, rising per capita income of people, and changing lifestyle choices. In addition to this, the increasing public awareness of health and nutrition and the rising popularity of healthy eating habits have caused a drastic surge in the consumption of various protein-rich foods such as milk, meat, and eggs. These factors have led to a tremendous rise in animal farming, which has, in turn, pushed up the requirement of proper animal healthcare methods.

The other major factors propelling the demand for animal healthcare solutions are the increasing requirement of meat in countries such as China, the U.S., Brazil, and Japan and the rising concerns raised over the transmission of various animal diseases to human beings. Apart from these factors, the mushrooming adoption of pets is also boosting the demand for proper animal healthcare techniques. Pet adoption is rapidly becoming very popular in many countries, mainly because of the ability of the companion animals to provide emotional comfort and happiness to their human friends.

“According to an American Pet Products Association 2008 survey, dog and cat owners in the U.S. were observed to be healthier and happier, as compared to non-pet owners. Moreover, Americans spent over $69.5 billion on their pets in 2017”. Due to these factors, the global animal healthcare market is predicted to exhibit substantial growth in the forthcoming years. The market is divided, on the basis of product, into vaccines, anti-inflammatories, anti-infectives, parasiticides, and feed additives. Amongst these, the feed additives category had the highest share in the market, generating a revenue of more than 40% in 2017.

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The feed additives category will hold the highest share in the animal healthcare market in the future years, due to the increasing production of feed and the rising consumption of various animal-derived food items and products across the world. Animal healthcare is required by both companion and farm animals. Between the two, the adoption of animal healthcare solutions was found to be higher for farm animals during the last few years. This is ascribed to the large-scale adoption of these animals for meeting the high customer demands forvarious animal-sourced food items all over the globe.

Globally, the Asia-Pacific (APAC) animal healthcare market will be the most lucrative in the years to come, as per the forecast of P&S Intelligence, a market research company based in India. China is predicted to register the fastest growth in the APAC market over the next few years, owing to the increasing requirement of animal-based food items and the surging livestock population in the country. The country was the largest livestock producer and consumer in the world in 2016, with a livestock population consisting of over 400 million goats, sheep, and cattle.

Hence, as the demand for animal-based food items and other products increases all over the world, the requirement of animal healthcare methods and solutions will also surge throughout the world in the coming years. 

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Why will Sales of Dry Shampoo Boom in Asia-Pacific (APAC) in Future?

Dry shampoo is basically a type of shampoo that reduces the greasing of hair and cleans it without requiring much water. It is usually available in two forms namely aerosol spray and powder. The shampoo absorbs the oil and grease present in the hair and on the scalp and makes the hair look fresh and shiny. There has been a rapid expansion of the global dry shampoo industry over the last few years, mainly because of the increasing popularity of the product, especially amongst the working-class people because of its lower water requirements.

Working-class people need regular hair washes, as they usually work in dry and dusty work areas and frequently travel between different places. The regular usage of liquid shampoo will make their hair weak and dull. Furthermore, the increasing consciousness amongst people regarding looks and appearance has created a huge requirement of alternative hair care solutions such as dry shampoos. This shampoo eliminates the need for frequent hair washes, which generally lead to hair loss and scalp problems, and add texture and volume to the hair.

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Apart from eliminating the need for frequent hair washes, dry shampoo also acts as an instant hairstyling solution that allows users to reduce the time taken for washing and styling their hair. Furthermore, the development of dry shampoo products such as tinted dry shampoo, glitter dry shampoo, and dry shampoo texture sprays is massively contributing toward the soaring popularity of dry shampoo all over the world. In addition to this, the growth of many e-commerce platforms and the aggressive advertising campaigns launched by the dry shampoo producing companies are also boosting the sales of these products throughout the world.

The rising public awareness of the harmful effects of chemical hair solutions and the easy availability of various dry shampoo products on e-commerce platforms are the other important factors responsible for their surging sales across the world. Nowadays, people are preferring to use natural hair care products over chemical-based ones. Hence, with the growing usage of these products, the global dry shampoo market will exhibit rapid progress in the forthcoming years.

Gluten free, all natural, and paraben free are the most commonly used types of dry shampoo around the world. Out of these, the usage of the paraben free shampoo was found to be the highest in 2016. Moreover, the sales of these products are predicted to be rise steeply in the coming years. Based on form, the dry shampoo market is divided into powder and spray categories. Of these, the spray category registered higher growth in the market over the last few years and is predicted to record higher growth in the future years as well.

The popularity of the spray dry shampoos has increased tremendously in recent times. This is because of the ability of these products to make the hair look stylish and shiny without washing. Moreover, these products are very handy and simple to use and are thus rapidly replacing the conventional shampoos. Globally, the highest usage of dry shampoo products was observed in North America in the past. However, in the coming years, the Asia-Pacific (APAC) dry shampoo market will be the most lucrative, according to the forecast of the market research firm, P&S Intelligence.

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The main factors driving the advancement of the market in the APAC region are the increasing requirement of anti-hair fall and anti-dandruff dry shampoos, the rapid expansion of the cosmetics and hair care industry, the rising usage of hair care and styling products, and the swift growth of many retail channels in the region. In addition to this, the region is witnessing a drastic shift in fashion trends, which is contributing heavily toward the surge of the market in the region.

Hence, the market will demonstrate stable growth in the coming years, primarily due to the various advantages of dry shampoo over regular shampoo and the increasing requirement of advanced hair care and styling products across the world.

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E-Mobility Services Market Analysis, Competitive Share and Growth Forecast to 2030

P&S Intelligence cites the rising concerns for the environment and electric vehicles’ (EV) low cost of ownership as the primary reasons behind people shifting to electric mobility. As a result, the global e-mobility services market is projected to witness a massive 40.7% CAGR between 2020 and 2030, to reach $78,898.3 million by 2030.

The COVID-19 epidemic is impacting the e-mobility services market negatively, as the lockdowns initiated in numerous countries have led to almost no demand for public transportation services.

Last-mile connectivity, daily commuting, occasional commuting, and others are the various categories under the commuting pattern segment. Among these, daily commuting is expected to grow the fastest in the coming years, due to the increasing demand for shared mobility services for daily commuting purposes, especially by the younger, college- and office-going population. In addition, several initiatives have been taken around the world to bring down the number of personal vehicles in operation.

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The various categories under the service type category of the e-mobility services market are ride-hailing, two-wheeler sharing,car rental, and carsharing. In the near future, the ride-hailing category would experience the highest CAGR, as numerous ride-hailing giants, including Beijing Xiaoju Technology Co. Ltd. and Uber Technologies Inc., are deploying EVs in their fleets.

Asia-Pacific (APAC) held the largest share in the electric mobility services marketbetween 2014 and 2019, and it will continue doing so throughout the next decade. This is ascribed to government concerns regarding air pollution, rising disposable income, and increasing popularity of the shared mobility concept. Due to the rapid industrialization and urbanization in Japan, China,and India, the pollution level in these countries is rising, creating a need for reducing the emission of greenhouse gases. Due to these reasons, governments are taking numerous initiatives to reduce the vehicle ownership rate, such as reserving road lanes for shared EVs.

To gain a stronger foothold in the electric mobility services market, by targeting a larger user base, companies are launching new services. For instance, Lyft Inc. introduced its e-bikes in California and rebranded its bike-sharing system, Ford GoBike, to Bay Wheels, in June 2019. A new locking system has been provided to help users park the bikes at docking stations and safely lock them.

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In the same vein, in January 2020, EVs were introduced by Grab Holdings Inc. in its GrabCar Electric ride-hailing service, which is available at the Soekarno-Hatta Airport in Indonesia. The fleet, which was electrified with the introduction of 20 Ioniq electric cars manufactured by Hyundai Motor Co., is expected to be expanded to 500 in just one year.

The major global e-mobility services market players are Bird Rides Inc., Neutron Holdings Inc.,Cityscoot SAS, Donkey Republic ApS,Uber Technologies Inc., ANI Technologies Pvt. Ltd.,Grab Holdings Inc., Beijing Xiaoju Technology Co. Ltd.,Enterprise Holdings Inc., and car2go N.A. LLC.

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Automotive Window and Sealing Systems Market Business Outlook, 2019-2025

The global automotive window and sealing systems market is witnessing growth on account of the growing vehicle manufacturing industry. Continuous efforts by original equipment manufacturers (OEMs) to make vehicles fuel-efficient by using advanced polymers in the manufacture of automotive window and sealing systems is also helping in this regard. According to P&S Intelligence, the market is projected to reach $38.7 billion by 2025, witnessing with a CAGR of 7.6% during the forecast period (2018–2025).

Waist belt seal, glass run channel, roof ditch molding, and hood seal are some commonly used products for sealing individual automobile components. For better understanding, the automotive window and sealing systems market has been segmented by component, material, application, end use, and region. The material segment is further categorized into ethylene propylene diene monomer (EPDM), thermoplastic elastomer (TPE), thermoplastic vulcanizer (TPV), and others. Among these, EPDM held over 85% market share in 2017 in terms of sales volume; however, systems made of TPE and TPV are being increasingly bought owing to their high heat and chemical resistance.

In the past few years, the demand for advanced automotive window and sealing systems has increased due to the rise in vehicle sales. As per a Times of India report dated January 2018, car sales in India crossed the three million mark for the first time in 2017. Furthermore, sales of passenger vehicles grew by 9.2% in 2017, reaching nearly 3.2 million as against 2.9 million in 2016. Globally, light passenger vehicle sales stood at 84.24 million units according to a Business Insider report.

Another trend with respect to the automotive industry has been the worldwide demand for better fuel economy in vehicles. Since industrialization is resulting in environment degradation and subsequent global warming, the results of which are irreversible climate change and uncertain weather conditions, the demand for eco-friendly technology is on the rise. Certain polymers used in automotive window and sealing systems are lightweight, which further reduces the weight and fuel consumption of the vehicle. Thus, with the increasing use of modified polymers by OEMs, the automotive window and sealing systems market is witnessing significant growth globally.

In view of this, electric vehicles are also expected to provide OEMs with a lucrative opportunity for growth. Presently, a considerable number of people are apprehensive about e-cars because of the range limitations of these vehicles. Therefore, manufacturers are working actively towards making these vehicles lightweight to increase their fuel economy and thereby the range. Hence, the growing use automotive window and sealing systems made from lightweight polymers is expected to aid in the automotive window and sealing systems market progress in the near future.

Thus, it can be concluded that the rising demand for fuel-efficient vehicles and growth in the automotive industry are driving the domain globally.

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