Global CNG and LPG Vehicle Market Set for Lucrative Growth in Future

The global compressed natural gas (CNG) and liquefied petroleum gas (LPG) vehicle market attained sales of 56.2 million vehicles in 2019. According to the forecast of P&S Intelligence, a market research company, the market size will reach 102.3 million units by 2030. Furthermore,...

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Why Is Application Base of Levulinic Acid Broadening?

The growing applications of levulinic acid derivatives, such as hydroxymethylfurfural (HMF), diphenolic acid, sodium levulinate, ethyl levulinate, methyltetrahydrofuran (MTHF), and succinic acid, as additives in food and beverages, fuel, and personal care products will accelerate...

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Why Are Drug Manufacturers Using Magnesium Stearate as Releasing Agent?

High-volume of magnesium stearate is used in the personal care industry, especially in India, Germany, South Korea, China, France, and the U.S., as the compound can serve as an excellent lubricant and texturizer in cosmetics. It is also utilized as a thickening agent in creams...

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How Are Government Initiatives Pushing Single-Cylinder Pumpset Sales in India?

The population of India, which is already the second-highest in the world, rose to 1.36 billion in 2019 from 1.35 billion in 2018, and it will further increase to 1.7 billion by 2050, says the United Nations (UN). This is putting immense pressure on the agrarian community to...

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Booming Automobile Industry Driving Expansion of Global Metal Finishing Equipment Industry

The global metal finishing equipment market was valued at $13,845.6 million in 2019. According to the forecast of P&S Intelligence, a market research company based in India, the market will generate a revenue of $19,554.7 million by 2030. Furthermore, the market is predicted...

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India Electric Rickshaw Market To Register 33.3% CAGR during 2020–2025

A number of growth factors, such as the proliferation of electric vehicles (EVs) on Indian roads, rise in the demand for low-cost vehicles for first- and last-mile connectivity, implementation of stringent environmental policies, and government initiatives to promote EVs, are...

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How Will China Account for Sorbic Acid Market Growth?

The sorbic acid market size is expected to increase its revenue from $347,661.0 thousand in 2019 to $521,126.7 thousand by 2030, progressing at a CAGR of 4.7% during the forecast period (2020–2030). The market growth can be ascribed to the strong presence of the pharmaceutical...

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