Why Is Usage of Pour Point Depressants Rising in Automotive Sector?

Crude oil includes wax that has the tendency to solidify within the temperature range of 5–10 oC. High content of n-aliphatic hydrocarbon chains in the crude oil leads to the crystallization of n-paraffin crystals that amplify with reduction in temperature. Formation of paraffin, thereby, reduces the fluidity of oil. To boost the flow of crude oil, lubricant manufacturers use flow improvisers or pour point depressants (PPDs) as chemical additives while transporting such oils at temperatures below which wax starts to appear.

The automotive sector requires the largest quantity of PPDs for the production of lubricants used in vehicles. Largescale manufacturing of automobiles in countries, such as Brazil, India, Indonesia, and Thailand, will assist the market for pour point depressant to advance at a CAGR of 3.7% during forecast period. The market stood at $1,487.2 million in 2016 and has the potential to reach $1,902.3 million by 2023. Apart from this, the lubricant industry also deploys a significant volume of PPDs as they prevent the formation of wax crystal in oil, at low temperatures.

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The automobile, lubricant, and oil & gas industries are increasing their focus on research and development (R&D), on account of the advancements in technologies, to innovate novel process for utilization of PPDs to enhance the quality of lubricants and crude oils. Moreover, the rising investments by these sectors for the development of polymethacrylate and styrene ester-based PPDs will improve the characteristics of depressants. Hence, the expansion of these end-use industries will lead to the development of enhanced PPDs, across the globe, in the coming years.

Thus, with the rising production of vehicles and the expanding oil & gas sector, the application and demand for PPDs will rise in the foreseeable future.

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U.A.E. E-Commerce Automotive Aftermarket To Grow by 14.8% during 2020–2025

A number of factors, such as the increasing number of do-it-yourself (DIY) customers, growing customer convenience and awareness, surging vehicle sales, and rising number of road accidents, are projected to boost the growth of the U.A.E. e-commerce automotive aftermarket at a CAGR of 14.8% in the forecast period (2020–2025). At this growth rate, the market size is expected to reach$634.4 million by 2025from $318.2 million in 2020. Moreover, the government initiatives to drive the e-commerce sector and rise in the digitization rate in the country propel the market growth.

The primary factor improving the U.A.E. e-commerce automotive aftermarket growth prospects is the rising customer convenience and awareness. The availability of several products, easy transaction, timely delivery as per consumers’ need, and extensive offers and discounts on e-commerce portals result in a shift from buying parts from traditional stores to online parts purchasing. Thus, several sellers are now trading their automotive parts online, for better accessibility. Also, the portals offer wide-ranging product details to allow customers to understand the specifications and compare products of a similar kind.

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Additionally, based on component, the product segment of the U.A.E. e-commerce automotive aftermarket is classified into car parts, lubricant, battery, and tire. Among these, the tire category accounts for the largest share, and it is projected to lead the market in the coming years. This can be ascribed to the increasing demand for sport utility vehicles (SUVs) for off-roading activities and various leisure and transportation purposes, due to the rising number of tourists in the country. This drives the demand for tires, and in turn, propels the market growth in this category.

Key players in the U.A.E. e-commerce automotive aftermarket have been involved in several strategic measures, like partnerships and acquisitions and launch of products, services, and websites, to improve their position and stay ahead in the market. For example, MasterCard Inc. and Amazon.ae announced their partnership to enhance the shopping experience of customers in the country and increase their online orders by offering different discounts on the products, in October 2020. Some other key players in the market include AKSA Trade LLC, Noon.com, AutoPlus Dubai, Ubuy.com, Carrefouruae.com, and Ebay.com.

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Thus, the rising customer convenience and awareness regarding online parts purchasing and the expanding DIY culture in the U.A.E. are expected to propel the growth of the market during the forecast period.

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How is Increasing Popularity of Minimally Invasive Blood Drawing Procedures Fuelling Growth of Lancet Market?

 The rising prevalence of chronic diseases is one of the major factors propelling the demand for lancets across the world. There has been a huge increase in the occurrence rate of chronic obstructive pulmonary disease (COPD), diabetes, cardiovascular diseases (CVDs), and cancer across the globe over the last few years and this has considerably boosted the need for minimally invasive blood-drawing medical devices such as lancets. According to the World Health Organization (WHO), more than 235 million people around the world are suffering from asthma and 3 million deaths are caused each year, due to COPD.

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In healthcare settings, the lancets are used for coagulation testing, glucose testing, and hemoglobin testing. Out of these different testing applications, lancets registered the highest usage in glucose testing applications in 2019. This is mainly attributed to the rising number of diabetics across the world. According to the World Health Organization (WHO), almost 422 million people are suffering from this endocrine disorder across the globe and around 1.6 million die globally each year because of diabetes. Lancets are very important in managing diabetes, as these devices are used for measuring the blood glucose level. 

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Across the world, the Asia-Pacific (APAC) region is expected to register the fastest growth in the adoption of lancets in the near future. This is primarily ascribed to the soaring geriatric population, improving healthcare infrastructure, rising prevalence of chronic diseases, increasing number of initiatives and measures being taken by the various public and private companies and organizations for increasing the awareness amongst the people about diabetes, and the rising spending power of the people in the region. For instance, as per the WHO, 90% of around 6 million diabetics in Southeast Asia are suffering from type 2 diabetes. 

Thus, it can be concluded that due to the rising incidence of chronic diseases especially diabetes and the ballooning popularity of minimally invasive blood drawing medical devices, the demand for lancets will rise significantly across the world, over the next few years. 

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Why is Personal Protective Equipment Industry Booming?

The implementation of strict regulations and policies regarding occupational safety and health in several countries in the recent times has positively impacted the sales of personal protective equipment. Moreover, with the outbreak of the COVID-19 pandemic and the rising awareness among people about personal safety, the demand for personal protective equipment is growing massively across the world. In many countries, the rising incidence of workplace fatalities, especially in the manufacturing sector, is rapidly becoming a major concern.

In the U.S., the Occupational Safety and Health Administration (OSHA) has laid down several codes of federal regulations (CFR), which make it mandatory for the employers to enact stringent safety regulations in their workplaces for protecting their employees from various hazards that can cause deaths and injuries. The prominent CFRs include the usage of head protection, face and eye protection, electrical protective equipment, hand protection, and foot protection. The non-compliance of these regulations can attract huge fines and penalties. 

Due to the aforementioned reasons, the sales of personal protective equipment are rising sharply all over the world, which is, in turn, causing the expansion of the global personal protective equipment market. Oil and gas, manufacturing, transportation and logistics, and construction are the major industries in which these protective tools are heavily required, as per the findings of P&S Intelligence, a market research firm based in India. Globally, the sales of these instruments are significantly high in the U.S. 

Thus, it is quite clear that due to the growing enactment of stringent workplace safety regulations and policies in several countries, the rising public awareness of personal safety, and the outbreak of the COVID-19 pandemic, the demand for personal protective equipment is rising at a rapid pace throughout the world. 

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Over 4.0% CAGR Predicted in Global Automotive Wire Harness Market Between 2020 and 2030

The global automotive wire harness market had a valuation of $42.8 billion in 2019 and it is predicted to advance at a CAGR of 4.7% between 2020 and 2030. According to the estimates of P&S Intelligence, a market research company based in India, the market will reach a value of $59.3 billion by 2030. The main factors driving the progress of the market are the rapid technological advancements and the mushrooming electric vehicle manufacturing in several countries around the world.

With the rise in environmental degradation and the surge in air pollution levels, the global demand for environment-friendly automobiles is growing rapidly. This is fueling the rising popularity of electric vehicles, particularly battery electric vehicles (BEVs) in the U.S., China, Germany, and Japan, which is, in turn, pushing up the demand for wire harness products. Electric vehicles contain a large number of wire harnesses, on account of the fact that they have more electronic components than the ICE-powered vehicles.

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Depending on vehicle type, the automotive wire harness market is divided into commercial vehicle and passenger car. Between these, the commercial vehicle category is predicted to demonstrate faster growth in the market in the future years. This is because of the ballooning requirement for the export and import of goods for catering to the demands of the surging population in several countries. The market is further classified, on the basis of propulsion, into electric vehicles and internal combustion engine.

Additionally, the existence of a large consumer base for internal combustion engine-powered vehicles is also bolstering the sales of automotive wire harnesses in the region. The ballooning sales of commercial and passenger vehicles in India, China, South Korea, and Japan are propelling the manufacturing volume of automobiles, which is, in turn, fueling the market expansion in the region. The market will exhibit the fastest growth in Latin America, Middle East, and Africa (LAMEA) in the coming years.

Hence, it can be said with surety that the market will demonstrate huge expansion all over the world in the coming years, primarily because of the surging manufacturing of electric and ICE-powered vehicles and the growing demand for the integration of ADAS in vehicles.

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Market size breakdown by vehicle type

• Passenger car
• Commercial

Market size breakdown by voltage

• Low voltage
• High voltage

Market size breakdown by propulsion

• ICE
• EV

Market size breakdown by material type

• Copper
• Aluminum

Market size breakdown by application

• Chassis
• Engine
• Body
• HVAC
• Speed Sensors
• Others

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How Are Environmental Policies Influencing Automotive Elastomer Usage?

Elastomers are made of polymers that are connected by chemical bonds, which gives a slightly cross-linked structure to the materials. Elastomers are rubber-like materials that comprise long, chainlike molecules or polymers that retain their original form after being elongated. The long molecules are ideally coiled irregularly, but they straighten in the direction of the pull, upon the application of force. After being released, the long molecules automatically regain their original state. The elastomeric rubber compounds encompass five-to-ten components, wherein each component plays a specific role.

Polymer, the prime ingredient of elastomers, offers optimum chemical and heat resistance to these materials. The ingredient also enables elastomers to perform well under low temperatures. Another key component of elastomers is carbon black, which is added as a reinforcing filler, to offer strength. Besides, plasticizers are also integrated into elastomers, to enhance their low-temperature performance. Moreover, the production process of elastomers also uses accelerators, curatives, release packages, anti-oxidants, and scorch retarders.

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The automobile industry uses two types of elastomers — thermoplastic and synthetic — for the production of lightweight and fuel-efficient vehicles. Of these, thermoplastic automotive elastomers offer higher durability and better physical properties than synthetic materials. Whereas, synthetic automotive elastomers offer a high45 resistance to low and high temperatures, corrosion, and pressure. These artificial materials are made from petroleum by-products. Considering the respective properties of these elastomers, automobile manufacturers are expected to increase the consumption of thermoplastic materials in the coming years.

Furthermore, the automotive elastomers market in North America and Europe will show significant growth in the near future. This would be because several North American and European nations are adhering to emission standards, by focusing on fuel economy. This has eventually led to the widescale adoption of lightweight, high-precision, and durable automotive elastomers for weather seals, gaskets, and hoses of vehicles. For instance, the Environmental Protection Agency (EPA) has set a 143-grams-per-mile (g/mi) emission limit for passenger cars, to be met by 2025.

Thus, the rising initiatives by government and international organizations to reduce pollution levels will increase the adoption of automotive elastomers in the coming years.

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How is Increasing Air Pollution Level Driving APAC Air Quality Monitoring Market?

 Among the leading causes of death and disability across the globe is also air pollution. Due to technological advancements, which have led to the development of machines which burn fossil fuels for generating energy for different purposes, the quality of air has been declining swiftly. As per the 2016 Global Burden of Disease report, about 6.1 million deaths occur due to air pollution globally, and the low and middle-income countries, particularly in the Asia-Pacific (APAC) region, account for 90% of this burden. This is due to the large population base of countries in the region. 

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In order to cope with this serious issue effectively, it is necessary that the air quality is monitored regularly. A major purpose of air quality monitoring is to determine which areas violate an ambient air quality standard. Health-based ambient air quality standards are set at pollution concentration levels that lead to harmful impacts on health of human beings, if the levels of ambient air quality standard in an area, the air pollution levels need to be mitigated. Attributed to the surging levels of air pollution in the APAC region, the demand for air quality monitoring systems is also increasing. 

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Major end users of air quality monitoring include government agencies & academic institutes, pharmaceutical industry, commercial and residential sectors, power generation plants, and petrochemical industry. While in the past, government agencies and academic institutes have been a primary user of air quality monitoring systems, the demand for these systems is also predicted to grow considerably from the commercial and residential sectors in the years to come. This can be attributed to the rising prevalence of respiratory diseases and lung cancer, which is compelling people to keep the air quality of their surroundings in check. Within the region, Japan has been creating the largest demand for these systems due to the development of advanced technologies. 

In the coming years though, China is predicted to emerge as the fastest growing APAC air quality monitoring market, which is attributed to the surging air pollution levels and the increasing prevalence of respiratory diseases in the country. According to the World Air Quality Index project, Beijing reported an air quality index of 275, which is unhealthy on an alarmingly high level. Because of this and rising awareness regarding environmental and healthcare implications of high pollution levels, the government is focusing on curbing this problem. 

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