Power & Energy Trends

According to the World Population Prospects 2019 by the Population Division of the United Nations Department of Economic and Social Affairs (UNDESA), the global population will surge from 7.7 billion in 2019 to around 9.7 billion by 2050. The booming population will create a huge requirement for agricultural products in the upcoming years. To meet the high demand, farmers are using agrochemicals in abundance. Thus, the escalating use of agrochemicals, such as glyphosate, as an herbicide, will propel the consumption of ethanolamines in the foreseeable future. In addition, the mounting demand for surfactants and emulsifying ingredients will drive the ethanolamines market at a CAGR of 5% during the forecast period (2020–2030). The market was valued at $2,933.5 million in 2019, and it is projected to generate $5,079.0 million by 2030. Ethanolamines are used as emulsifying ingredients and surfactants in personal care products, such as shampoos, soaps, and laundry detergents. Thus, the incr

The global graphene market had a valuation of $87.5 million in 2019 and it is predicted to generate a revenue of $646.8 million by 2030 . Furthermore, the market will advance at a CAGR of 20.2% from 2020 to 2030, as per the forecast of the market research firm, P&S Intelligence. The market is being driven by the burgeoning requirement for graphene in the electrical and electronics industry and the growing usage of the compound in the healthcare sector. Because of its high strength and thinness, graphene is being extensively used for manufacturing bioelectric sensors that track and monitor the cholesterol, glucose, and hemoglobin levels and also the ones used for testing the deoxyribonucleic acid (DNA) level in the human body. In addition to this, graphene is also utilized heavily in dental implants, therapeutic tools, cancer treatment, and prosthesis devices. Moreover, many healthcare organizations are conducting exhaustive research aimed at combining graphene nanomaterials with me

With the expansion of the pharmaceutical sector in the developing countries of Asia-Pacific (APAC) such as India, Indonesia, and China, the demand for magnesium stearate is rising sharply across the world. The compound is extensively used as an inactive ingredient in pharmaceutical drug production for preventing the sticking of the ingredients to the production equipment. It can serve as a low-cost release agent and is, thus, preferred by drug producers across the world. Besides the aforementioned factor, the mushrooming usage of the compound in the personal care industry, in the U.S., France, Germany, South Korea, and India, is also fueling its sales. Magnesium stearate can serve as an excellent lubricant and texturizer in cosmetics. Additionally, the compound is extensively used as a thickening agent in haircare products and creams such as conditioners, hair masks, and shampoos. Thus, the booming sales of these products is fueling the worldwide demand for the compound. This is, in tu

With the mushrooming popularity of barbecued and grilled foods, the demand for charcoal is rising sharply across the world. This is because charcoal is extensively used as a cooking fuel in barbecue and grilling applications. Moreover, people all over the world are increasingly preferring grilled food, on account of their growing awareness about healthy foods and lifestyles. Besides, the soaring requirement for charcoal in water treatment plants is also driving the growth of the charcoal market around the world.  Japanese white charcoal is heavily used in water treatment plants for eliminating harmful chemicals and substances from water and enriching it with natural minerals. In addition to this, activated charcoal carbon filters are increasingly being used in water treatment, because of their ability to eliminate sediments, foul odor, and hazardous volatile organic compounds (VOCs). The increasing industrialization rate in the emerging economies of Southeast Asia has severely pollute

As the awareness regarding the shortfalls of conventional energy sources, including fossil fuels, is growing, the demand for cleaner alternatives for generating energy is increasing as well. This is resulting in the growth of the renewable energy market . Renewable energy is obtained from natural processes or resources that are replenished continuously. Renewable energy technologies have been registering significant growth and are now cost competitive in a number of off-grid, grid, and remote applications all across the globe.  Owing to the several positive attributes of renewable energy, investments in the field are growing as well. For example, clean energy investment reached more than $45 billion in 2004, and rose to $279.8 billion in 2017, according to the Statista report released in 2004. The U.S. alone is responsible for contributing a substantial amount ($64 billion) for clean energy initiatives in 2018. Other than investments, technological advancements are also projected to le

As the condition of the environments is getting worse due to the excessive utilization of fossil fuels, the demand for alternate resources for generating energy is growing. The concerns regarding global warming is increasing day by day, which is why governments of different countries have started focusing on encouraging the utilization of clean and green energy resources in order to cater to the energy needs of rapidly growing population. Energy generated from renewable resources however, depends largely upon energy storage devices, owing to which, their demand is growing as well. Because of all these factors, the mechanical energy storage market is expected to advance at a significant pace in the near future.  A major reason for the growth of the mechanical energy storage market is that the energy installation cost per kWh of these systems in relatively lower than other types of energy storage technologies. For example, the installation costs of compressed air energy storage (CAES) a