Strong Road Safety Focus Driving Demand for Insulated Automotive Cabins

As per the United Nations (UN), the global population will increase from 7.7 billion in 2019 to 10.9 billion by 2100. This is directly resulting in the rising sale of automobiles, as more the people, the more the vehicle buyers. While vehicles fulfill the basic purpose of transporting people, comfort and luxury are also becoming important factors influencing their sales. With a higher disposable income, people are now preferring premium vehicles that offer a higher level of comfort.

Hence, P&S Intelligence expects the automotive cabin insulation market to witness robust growth in the years to come. Cabin insulation has many practical advantages, such as reducing the level of noise from the engine and outside in the passenger area of the vehicle and allowing for better temperature control. As the reduced loss of heat from the cabin during winters drives down the load on the heater and the reduced gain of heat during summers decreases the load on the air conditioner, the requirement for electrical energy comes down.

Automotive Cabin Insulation Market

This means that the auxiliary battery in a car, bus, or truck takes longer to deplete, which leads to a lower requirement for the engine to charge it continuously. This can not only reduce the consumption of fuel, but use more of whatever is being consumed into propelling the vehicle, thus improving the mileage. Even though such benefits may be small in the short run, vehicle owners usually benefit considerably over the long term. Hence, this factor may be more important for fleet owners, whose fuel expenses are a lot higher than individual vehicle owners.

As a result of all such factors, Asia-Pacific (APAC) is expected to continue to dominate the automotive cabin insulation market in the coming years. China, India, South Korea, and Japan produce the most automobiles around the world, which is why the demand for automotive components is the highest here. Further, with the rising purchasing power of people, the demand for luxury cars with insulated cabins is rising. Similarly, the public transportation sector of the region is rather large, and despite the millions of public buses, they need more to cater to their burgeoning population.

Hence, with the rising sales of buses, trucks, and luxury cars, the demand for insulating materials for the driver’s cabin will continue to increase.

Read More

How is Adoption of Advanced Medical Devices Driving Medical Electrodes Demand?

 The International Diabetes Federation (IDF) states that around 463 million adults, aged 20–79 years, were living with diabetes in 2019. Additionally, the organization also mentions that this lifestyle-associated disease caused 4.2 million deaths in 2019, and it will affect approximately 700 million people by 2045. Additionally, the World Health Organization (WHO) estimates that cardiovascular diseases (CVDs) were responsible for nearly 17.9 million fatalities in 2019. The organization also states that cancer accounted for around 10 million deaths in 2020.

Access Report Summary - Medical Electrodes Market Growth Forecast Research Report

Thus, the increasing prevalence of chronic and lifestyle-related diseases will help the medical electrodes market progress at a CAGR of 6.7% during 2021–2025. As the patients suffering from chronic illnesses are extremely prone to several disabilities and require constant medical attention, medical professionals are using medical electrodes to offer a statistical basis for medical diagnosis and treatment to affected people. According to P&S Intelligence, the market was valued at $842.9 million in 2020 and it will generate $1,151.6 million revenue by 2025. 

In recent years, medical electrode manufacturers have introduced new products and engaged in the approval process to provide better diagnosis and avoid contamination among patients. For example, in September 2019, Johnson & Johnson introduced the Megadyne Mega Soft, a new reusable electrode, to enhance comfort and eliminate adhesive-related injuries in patients. Likewise, Nihon Kohden Corporation unveiled premium disposable gold-cup EEG electrodes in April 2020 to prevent cross-contamination among patients while maintaining high-quality EEG signals. 

In the coming years, the Asia-Pacific (APAC) region will adopt a substantial volume of medical electrodes due to the mounting healthcare expenditure, booming aging population, and surging incidence of chronic diseases. For example, the United Nations Population Fund (UNFPA) predicts that nearly 1.3 billion people in the APAC region will be aged 60 years and above by 2050. Further, the WHO estimates that CVDs accounted for approximately 27% of deaths in India in 2016. Similarly, India Against Cancer states that 7,84,821 cancer-related deaths were recorded in India in 2018. 

Thus, the rising incidence of lifestyle-associated and chronic ailments and burgeoning demand for advanced diagnostic equipment and instruments in healthcare settings will facilitate the adoption of medical electrodes globally.  

Read More

Awareness on Autoimmune Disorders To Drive Autoimmune Disease Diagnostics Demand

 The Multiple Sclerosis International Federation (MSIF) states that 2.8 million people around the globe were living with multiple sclerosis in 2020, and this autoimmune disease affects around 1 in 3,000 people worldwide. Further, the American Lung Association estimates that approximately 200,000 new cases of sarcoidosis are recorded in the U.S. each year. Additionally, the National Organization for Rare Disorders states that 1 in 10,000 individuals around the world are affected by systemic scleroderma, and this autoimmune disorder is highly prevalent among the Australian and North American populations.

Browse In-depth Autoimmune Disease Diagnostics Market Research Report

In recent years, several researchers have discovered new biological markers or biomarkers to diagnose autoimmune diseases. For example, in August 2019, researchers at the University of Alberta discovered a new biological marker to identify the existence of myasthenia gravis, a rare autoimmune disease. This biomarker can also be utilized for formulating new personalized treatment procedures and predicting the course of the disease. Scientists around the world are also discovering biomarkers to detect multiple sclerosis, rheumatoid arthritis (RA), sarcoidosis, scleroderma, systemic lupus erythematosus (SLE), and sjögren's syndrome.

These autoimmune disease diagnostic products are used in academic institutes and research centers, hospitals, and diagnosing centers in autoantibodies and immunology, cytokine, flow cytometry, human leukocyte antigen (HLA), inflammatory marker, and routine laboratory tests. Currently, hospitals are the largest user of such products, owing to the improving healthcare infrastructure, the rising prevalence of chronic autoimmune disorders, the soaring number of awareness programs and campaigns being conducted by public and private organizations, and the increasing deployment of technologically advanced medical devices by these healthcare facilities.

Globally, the North American autoimmune disease diagnostics market generated the highest revenue during the historical period, on account of the mounting healthcare expenditure, soaring aging population, and increasing cases of autoimmune diseases in the region. Additionally, the presence of leading market players also contributes to the regional market growth. Whereas, the Asia-Pacific (APAC) market is expected to display the fastest growth throughout the forecast period, owing to the booming elderly population and mounting public awareness regarding autoimmune diseases in regional countries. 

Read More

Why Are Athletes Taking Chlorella Powder-based Supplements?

Chlorella serves as a nutritional supplement for animals as the components of this alga help in strengthening their immune systems. The intake of chlorella powder improves the body’s immunity against fungi, viruses, and bacteria. Moreover, the vitamin A and C content of chlorella help in promoting hair growth and reducing skin problems in animals. As a result of these benefits, animal feed producers are focusing on the production of chlorella-based animal feed. Additionally, the pet food industry is also emphasizing on the introduction of chlorella-based animal supplements to enhance the immune system of pet animals.

Furthermore, chlorella serves as a nutritional supplement for humans as well. In recent years, the surging public focus on health and fitness has accelerated the consumption of chlorella-based food supplements worldwide. Due to this reason, the chlorella powder ingredient market will advance at 16.5% CAGR during 2019–2024. The market was valued at $423.7 million in 2018 and it is projected to generate $1,106.8 million revenue by 2024. This nutrient-dense alga helps in facilitating the removal of heavy metals such as mercury, lead, and cadmium and stimulating antibody production in human beings.

Chlorella Powder Ingredient Market

Chlorella-based animal feed, nutrition and protein supplements, and hair care and skincare products can be purchased from pharmacies, supermarkets/hypermarkets, online platforms, specialty stores, and convenience stores. Nowadays, manufacturers of such products are increasingly focusing on selling their offerings via e-commerce platforms. Furthermore, the rising shift of customers toward online medium is heavily contributing toward the provision of a wide product portfolio, better deals, home delivery, 24*7 hassle-free shopping experience, and easy price comparison features by e-commerce platforms. 

According to P&S Intelligence, Asia-Pacific (APAC) dominated the chlorella powder ingredient market in the preceding years. This can be attributed to the increasing public consciousness about healthy living and the accelerating demand for dietary supplements for improved health in the region. Besides, the ascending demand for natural and organic hair care and skincare products will also create a huge requirement for chlorella powder ingredients in the region in the foreseeable future. Among APAC nations, China consumes the highest quantity of this nutrition-intensive alga.

Therefore, the escalating public awareness about health and fitness and booming demand for organic and natural cosmetic products will fuel the consumption of chlorella powder ingredients in the upcoming years.  

Read More

Boom in Immigrant Population To Drive Mattress and Accessories Demand in Canada

As per the Organization for Economic Co-operation and Development (OECD) Better Life Index, the average per capita household net-adjusted disposable income in Canada is $30,854 a year. Further, Statistics Canada states that the adjusted household disposable income of the country increased from $1,623,255,000,000 in 2019 to $1,765,305,000,000 in 2020. The rising disposable income is encouraging the people of Canada to replace their old mattresses with new mattresses and accessories to lead a comfortable life. 

Additionally, the soaring number of immigrants is expected to propel the Canadian mattress and accessories market at 1.7% CAGR during the forecast period (2019–2024). The market was valued at $2,468.7 million in 2019, and it is projected to generate $2,689.8 million revenue by 2024. Statistics Canada has recorded the entry of over 341,000 permanent residents in the country in 2019. As per the organization, more than 404,000 temporary work permits and 402,000 study permits were issued to the immigrants in Canada in 2019.

Canada Mattress and Accessories Market

Currently, mattress and accessories manufacturers in Canada are engaging in product launches and mergers and acquisitions to offer improved products to their existing and prospective customers. For example, in April 2019, DirectBed introduced the Pure Zee Mattress Collection comprising of three types of mattresses— Louise Suite, Logan Suite, and Hudson Suite. These mattresses are made of natural materials, such as latex, bio-foam, gel foam, and cool gel, and are priced between $376 (CAD 500) and $1053 (CAD 1400).

According to P&S Intelligence, the Central region accounted for the largest share in the Canadian mattress and accessories market during the historical period (2014–2019), and it will continue this trend throughout the forecast period as well, owing to the presence of a vast population in major provinces of the country, such as Quebec and Ontario. As per Statistics Canada, the population of Quebec and Ontario surged from 8,578,300 in the third quarter (Q3) of 2020 to 8,604,495 in Q3 of 2021 and 14,745,712 in Q3 of 2020 to 14,826,276 in Q3 of 2021, respectively. 

Therefore, the booming disposable income of people and the growing number of immigrants will accelerate the adoption of mattresses and accessories in Canada. 

Read More

How Does Anti-Lock Braking System Reduce Intensity of Road Crash Injuries?

Road crashes are responsible for 1.3 million deaths every year, as per the World Health Organization (WHO). A higher number of vehicles than the roads can accommodate, poor quality of roads, non-working traffic signals, unfavorable weather conditions, human error, and system error are some of the common reasons behind road accidents. The situation is even graver on highways, where the speed limit is generally a lot higher than within cities.

Thus, P&S Intelligence feels that the automotive anti-lock braking system market has a bright future ahead. When a driver presses hard on the brake pedal or lever, the ABS keeps the wheels turning and stops the vehicle from skidding. This prevents the loss of control of the vehicle and also allows it to turn in the intended direction. This is why the installation of this system is mandatory in numerous countries to prevent road accidents and keep passengers and pedestrians safe.

Automotive Anti-Lock Braking System (ABS) Market Report | P&S Intelligence

For instance, it is mandatory for all new two-wheelers in Europe to have ABS. Similarly, in 2017, the Indian government modified its Motor Vehicle Act, making the system mandatory in all new commercial vehicles. Hence, the increasing sale and production of automobiles are propelling the procurement of ABS components by automakers. According to Organisation Internationale des Constructeurs d'Automobiles (OICA), 57,262,777 vehicles had been produced during January–September 2021 compared to 52,146,292 during the same period last year.

Therefore, Asia-Pacific (APAC) dominates the automotive ABS market presently. The highest production and sale of automobiles is witnessed in this region, which is why the roads here are rather congested. Moreover, most of the interstate highways lack streetlights, which raises the risk of accidents manifold at night. Moreover, the mountainous roads in these countries witness heavy traffic, which has led to a high incidence of road crashes. Hence, governments here are becoming stricter with regard to having advanced safety systems in automobiles.

Therefore, with the burgeoning vehicle sales and stringent government laws related to road safety, the integration of ABS will rise.

Read More

Why Are Automakers Substituting Iron and Steel with Metal Alloys?

The slump induced by the COVID-19 pandemic seems to be way in the past, as automotive sales around the world have risen to 35,603,479 units in the first half of 2021, compared to 27,799,942 units during the same period last year, says Organisation Internationale des Constructeurs d'Automobiles (OICA). This is driven by the strong desire of people to own a vehicle for practical purposes and to show off their social status. However, with the continuous rise in the number of vehicles on the roads, greenhouse gas (GHG) emissions are also rising.

This is why P&S Intelligence has forecast huge growth for the automotive alloy market in the years to come. As per the International Energy Agency (IEA), the transport sector was responsible for 8.5 Gigatons of GHG emissions in 2019. Therefore, governments around the world are taking numerous measures to clean up the transport system, such as implementing stringent emission regulations, including the U.S. Environmental Protection Agency (EPA) Tier 3 norms, European Union (EU)’s Euro 6 norms, and India’s Bharat Stage VI (BS6) emission standards.

One of the best ways to reduce the emissions is to make automobiles lighter. By doing this, the load on the engine decreases, which leads to a lower consumption of fuel, thereby ultimately decreasing tailpipe emissions. Therefore, in order to comply with the stringent emission regulations, automotive original equipment manufacturers (OEMs) are replacing the traditional iron and steel in the automobile body with lightweight yet strong alloys (mixtures of different metals).

Currently, Asia-Pacific (APAC) is the largest automotive alloy market simply because it accounts for the highest production of electric and conventional automobiles. According to the OICA, China, Japan, India, and South Korea rank one, three, five, and six, respectively, on the list of countries with the highest automotive production. Further, they are also among the most-polluted countries on earth, which is why the emission regulations here are rather strict. For the same reason, their governments are doing everything they can to boost EV production and uptake.

Hence, with the rising automobile production in a world reeling under a rapidly deteriorating air quality, the usage of lightweight alloys will increase.

Read More