What Will Government Support Add to Saudi Arabia Facility Management Market?

A surge in construction activities and growth in the tourism industry in Saudi Arabia are expected to expand the Saudi Arabian facility management market at a 9.3% CAGR during 2020–2030 (forecast period). At this rate of advancement, the market size is expected to rise from $32,480.4 million in 2019 to $76,244.9 million by 2030. Additionally, the increasing focus of the Saudi government toward economic diversification is also benefitting the market.

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The government of Saudi Arabia is attempting to reduce its dependency on the oil & gas sector by developing a long-term economic plan that incorporates economic reform plans, such as 'Saudi Vision 2030'. Under this initiative, the government aspires to develop public sectors that encompass tourism, health, recreation, infrastructure, and education. The development of these sectors will increase the adoption of several maintenance services, thereby, propelling the growth of the market.

Based on the type segment, the Saudi Arabian facility management market is bifurcated into hard and soft services. Of these, the demand for hard services will rise more rapid than soft services, as they are highly applied in professional services. With the expansion of the infrastructure sector and support from the government, the Saudi Arabian market is expected to generate more revenue from the hard services, in comparison to soft services. 

As for the strategic measures, players in the market are focusing on winning client deals. Keeping up with the trend, Tadbeir Company Ltd. signed a contract with Emaar Middle East LLC, in December 2018, to offer facility management services at Jeddah Gate. The company will provide its services at a residential tower and Emaar square that host several restaurants, showrooms, buildings, and a public plaza that spreads across an area of 413,000 square meters.

Other players in the Saudi Arabian facility management market include Nesma Trading Co. Ltd., Petrojana, EMCOR Group Inc., Al Borj International, Khidmah LLC, Interserve plc., and Engie S.A. All these players aim at bagging contracts for large infrastructure facilities. In the same vein, EMCOR Group Inc. entered into a contract with Tatweer Buildings Company to offer facility management services for three years. EMCOR would provide facility management services to 2,714 Saudi schools, including those in the cities of Madinah, Mecca, and Jeddah.

Taking into account all the growth drivers and market trends, it can be projected that the market holds a strong potential for growth in Saudi Arabia.

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How is Expanding Manufacturing Industry Driving Indian Diesel Genset Market?

The Indian diesel genset market had a valuation of $1,105.7 million in 2019 and is predicted to generate a revenue of $2,365.2 million by 2030. Furthermore, the market will progress at a CAGR of 12.5% between 2020 and 2030, as per the estimates of P&S Intelligence, a market research company based in India. The rapid expansion in the manufacturing sector and the growing requirement for power for various commercial applications in the country are the main market growth drivers.

The launch of several government programs such as ‘Make in India’ and the implementation of favorable government policies with respect to the progress of the micro, small, and medium enterprises (MSMEs) are fueling the boom in the country’s manufacturing sector. Moreover, the surging investments being made in the development of industrial corridors are positively impacting the sales of diesel gensets in India. This is because of the burgeoning requirement for backup power supply among manufacturing facilities across the country.

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The commercial category is further subdivided into telecom towers, retail establishments, hospitals, restaurants, offices, and hotels. Out of these, the telecom tower category registered the highest growth in the Indian diesel genset market during the past few years. Moreover, this trend is predicted to continue in the upcoming years as well. This will be because of the high requirement for backup power in telecom facilities and organizations around the country. 

Furthermore, it is predicted that by 2022, the enactment of government policies such as the National Digital Communications Policy will raise investments of around $100 billion in the telecom sector. It will also fuel the development of an additional 100,000 mobile towers for catering to the demands of the mushrooming subscriber base. This will, in turn, push up the requirement for diesel generators in the country. The market will demonstrate the fastest growth in Tamil Nadu in the upcoming years. 

Hence, it can be safely said that the market will grow substantially in the coming years, primarily on account of the rapid expansion of the construction and manufacturing industries in the country.

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What Does Beta-Carotene of Palm Methyl Ester Add to Personal Care Products?

Palm oil derivates are widely used in the production of personal care products, as they contain beta-carotene, which is a strong antioxidant that eliminates free radicals. These derivates are, therefore, used as viscosity modifiers, humectants, and emollients in such items. Products containing such derivates are non-toxic and highly biodegradable in comparison to petroleum-derived substitutes. In this regard, the rapid shift toward natural personal care products has led to the production of organic haircare and skincare products containing palm methyl ester derivatives.

Moreover, the rise in the adoption of palm-oil-based biodiesel is catalyzing the demand for the derivatives of palm methyl ester. There has been a rapid shift toward renewable energy sources, including biodiesel, from conventional sources, as they are a less-polluting fuel. Biodiesel is derived from fatty acid methyl esters (FAMEs) of vegetable oils like palm oil and rapeseed oil, which is why it has a weaker environmental impact in comparison to diesel fuel. This factor will, therefore, assist the palm methyl ester derivatives market in growing from $1,443.4 million in 2018 to $2,106.7 million by 2023 at a 6.4% CAGR during the forecast period (2019–2024).

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According to P&S Intelligence, the Asia-Pacific region has demanded the largest quantity of palm methyl ester derivatives till now. This can be owed to the high-volume availability of the feedstock, low manufacturing cost, and widescale adoption of beauty and personal care products. Owing to these reasons, APAC will remain the largest consumer of these derivatives in the coming years, with China utilizing their highest quantity. With a surge in their disposable income and growing influence of the Western culture, regional inhabitants have become more conscious of their appearance, which is why cosmetics and personal care companies are making brisk business.

Thus, the switch toward natural cosmetic products and biodiesel will amplify the application of palm methyl derivatives in the coming years.

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Demand for Sodium Sulphate Set to Explode in Asia-Pacific in Future

The burgeoning requirement for powdered detergents in the developing countries of Asia-Pacific (APAC), Latin America (LATAM), and Africa such as India, China, Colombia, Brazil, Indonesia, Thailand, Vietnam, and the Philippines is fueling the demand for sodium sulphate across the world. This is because the salt is extensively used in product formulations, on account of the ability of its substrates to act as filler in detergents. Furthermore, the rising popularity of machine-based washing is massively boosting the demand for sodium sulphate.

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Construction organizations are increasingly preferring glass for use in the exterior of buildings over the traditionally used cement and bricks. As sodium sulphate helps remove small air bubbles from molten glass, it is extensively used as a fining agent in glass manufacturing. Moreover, with the rising popularity of artificial facades, the demand for the compound is booming all over the world. Due to these factors, the global sodium sulphate market is exhibiting rapid expansion.

The main factor driving the expansion of the market in this region is the growing requirement for products such as detergents, soaps, glass, and paper for catering to the surging population. Furthermore, the rising public awareness about hygiene, the growing adoption of Western lifestyles, and the increasing popularity of machine-based cloth washing are massively boosting the demand for sodium sulphate, especially in the regional countries such as India, Vietnam, and China.

Hence, it is safe to say that the demand for sodium sulphate will soar all over the world in the upcoming years, primarily because of its rising usage in detergent production and glass manufacturing processes.

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Why Does Construction Sector Use Plasticizer-Based PVC?

The construction sector requires a large quantity of plasticizers due to the large-scale application of polyvinyl chloride (PVC) in the production of several building materials and tools. PVC products are used in the construction sector as they offer excellent resistance to ultraviolet (UV) light and temperature. PVC, in turn, requires plasticizers, such as dibutyl phthalate (DBP), diisononyl phthalate (DINP), dioctyl phthalate (DOP), and dioctyl terephthalate (DOTP), for softness. Thus, the expansion of the construction sector will accelerate the plasticizers market at a CAGR of 3.5% during 2019–2024. The market was valued at $13,967.9 million in 2018, and it is projected to reach $16,700.6 million by 2024.

There are majorly two types of plasticizers: phthalate and non-phthalate. Of these, the demand for the phthalate variants was higher in the past due to their large-scale consumption in the production of coatings, anti-viscosity agents, medical-grade plastics, and emulsifying agents. However, in the coming years, the consumption of non-phthalates is expected to rise faster on account of the toxic profile of certain phthalate plasticizers, which is why health concerns in developed economies have led to a ban on several key phthalate plasticizers.

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Currently, the plasticizers market is dominated by UPC Technology Corporation, a Taiwan-based company, which operates in China, the U.S., the Middle East, Southeast Asia, South Asia, Northeast Asia, and New Zealand. It offers basic plasticizers like DNOP, DOP, DINP, DOTP, DBIP, DPHP, DOA, TOTM, and TNTOM, as well as specialty plasticizers, in these regions and countries. Apart from this, key players such as LG Chem Ltd., BASF SE, Nan Ya Plastics Corporation, Eastman Chemical Company, KLJ Group, LANXESS AG, Evonik Industries AG, and Mitsubishi Chemical Corporation also manufacture all kinds of plasticizers to meet the growing demand.

Thus, the expansion of the construction and electrical and electronics sectors will amplify the usage of plasticizers in the coming years.

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What Is Medical Sector’s Contribution to Graphene Market Growth?

Increasing applications of graphene in the medical and the electrical and electronics sectors will lead to the growth of the graphene market at a CAGR of 20.2% during the forecast period of 2020–2030. The market stood at $87.5 million in 2019, which is projected to reach $646.8 million by 2030. This can be attributed to the current market trend of product commercialization. Due to the easy availability of graphene and considerable research and development (R&D) to widen its applications, the compound is being used for the production of sports goods, conductive inks, digital displays, and automotive coatings.

Nevertheless, it is the medical sector that generates the maximum demand for graphene. The compound is widely used in the production of bioelectric sensors that are used in testing for deoxyribonucleic acid (DNA) and for tracking cholesterol, glucose, and hemoglobin, due to its thinness and high strength. Besides, graphene also finds applications in prosthesis devices, therapeutic tools, cancer treatment devices, and dental implants. In addition to these, researchers are combining graphene nanomaterials with nano adjuvants, vaccine carriers, and medications to increase the compatibility of these products with human immune cells.

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To garner maximum profits from this expanding market, industry players are focusing on product launches to widen their customer base and gain a competitive edge. ZEN Graphene Solutions Ltd., one of the key players in the graphene market, launched Albany Pure line of graphene products, in March 2020, to broaden its portfolio by adding graphene quantum dots, graphene oxide, and reduced graphene oxide. Similarly, Applied Graphene Materials plc. launched graphene products under the umbrella of Alltimes Coatings Advantage brand, in July 2019, to provide new roofing solution to industrial and commercial customers.

Thus, the widened application of graphene will significantly boost the market size during the forecast period.

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Why Are Paper Materials Used for Tobacco Packaging in High Volume?

According to the World Health Organization (WHO), 1.337 billion people consumed tobacco in 2018 to deal with peer pressure and owing to personal views, the social and physical environment, and deteriorating mental health. The usage of tobacco-based products has surged among the working population as they help in relieving their stress. Tobacco contains nicotine, a psychoactive mood-altering chemical that stimulates dopamine release in the body, thus creating a sensation of relaxation and pleasure. Thus, the soaring consumption of tobacco will drive the tobacco packaging market at a CAGR of 3.7% during the forecast period (2020–2030), since generating $19,134.6 million in 2019.

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Different types of materials are used to pack tobacco leaves and tobacco-based end-products like shishas/waterpipes, bidis, cigarettes, cigars, and smokeless tobacco, to maintain their aroma and quality and protect them from natural degradation. Paper continues to be the most-popular packaging material due to the high consumption of cigarettes. The WHO states that 1 billion people used the nearly 6 trillion cigarettes produced in 2019. Moreover, the eco-friendly nature of paper and paperboard materials will accelerate their consumption in the tobacco industry. However, the usage of plastic packaging materials/containers is rising fast too, as they are lightweight and easily transportable.

According to P&S Intelligence, Asia-Pacific consumed the highest quantity of tobacco packaging materials in the past, and it will continue to do so in the foreseeable future. This can be primarily attributed to the presence of almost one-third of the world’s smokers in China. According to the WHO, China is home to nearly 300 million smokers. Moreover, the largescale production of cigarettes in China and technological advancements in the country are propelling the demand for the materials used in the primary and secondary packaging of tobacco products.

Thus, the booming number of smokers and e-cigarette users will fuel the usage of tobacco packaging materials in the coming years.

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