Power & Energy Trends

Large volumes of paints and coatings are used in the construction industry for both protective and aesthetic purposes. Thus, the rising construction of housing units, to accommodate the growing population, will create a huge requirement for such products in the forthcoming years. Moreover, the increasing number of manufacturing facilities, owing to the burgeoning need for consumer products and automobiles, will also amplify the usage of paints and coatings in the coming years. Additionally, the growing number of commercial structures will also fuel the consumption of these substances in the near future. Furthermore, the escalating demand for automobiles, on account of the mounting disposable income of people, accelerating urbanization rate, and changing lifestyles, will also fuel the paints and coatings market at 4.2 % CAGR during the forecast period (2020–2030). According to P&S Intelligence, the market revenue stood at $156,086.2 million in 2019 and it is projected to reach $227,...

The microfiltration membrane market is expected to exhibit a CAGR of 9% during the forecast period (2020–2030), owing to the surging usage of filtration technology in the food and beverage industry, flourishing pharmaceutical industry, and burgeoning demand for microfiltration technology for the treatment of industrial wastewater. According to P&S Intelligence, the market was valued at $2,885.57 million in 2019 and it will generate $7,517.38 million revenue by 2030. Unlike conventional separation technologies, microfiltration technologies can efficiently treat solutions containing excessive dissolved organic compounds.  One of the primary growth drivers of the market is the flourishing pharmaceutical industry. Pharmaceutical companies use an extensive volume of microfiltration membranes, such as polyethersulfone (PES), polypropylene (PP), and polyvinylidene fluoride (PVDF), for the filtration of proteins and preservatives, due to their high-flow rate, low-protein binding abili...

Biochar, a type of charcoal, is extracted through the process of pyrolysis and carbonization, where it is generated as a by-product. This charcoal helps in increasing agricultural output, preventing soil-borne diseases, and improving soil quality. The high carbon content of this charcoal helps in improving the soil quality. Biochar based on batch pyrolysis kiln, gasifier and cookstove, microwave pyrolysis, and continuous pyrolysis technologies is being increasingly used to improve soil quality, which is deteriorating due to the extensive use of chemical fertilizers, large-scale mining activities, and faulty agricultural practices.   Moreover, the surging deforestation rate will also help the biochar market advance at an exceptional CAGR of 17.1% during forecast period. According to P&S Intelligence, the market generated $4.27 million revenue in 2015. Deforestation is primarily caused due to the large-scale adoption of commercial agriculture practices, such as the cultivat...

Titanium dioxide, also known as titania, refers to finely divided white powders which are chemically unreactive or inert, in contrast to the commonly used substances for coating and paper filling systems. This naturally occurring crystalline mineral is used for obtaining high opacity in the pulp and paper industry, owing to the high light reflectivity, small particle size, and low light absorption properties of this substance. In their finely divided form, titanium dioxide pigments are extremely white, even at low concentration levels. Owing to this feature, such pigments are being increasingly used for enhancing the brightness of paper. Additionally, the rising consumption of titania in the paints and coatings industry, owing to the mineral’s low haze and low-cost , will also drive the titanium dioxide market at 4.5% CAGR during the forecast period (2020–2030). Thus, the surging sales of paints and coatings, due to the rapidly improving economic conditions, a spike in the urban popul...

The hectic work life of people is compelling them to shift toward packaged foods, dairy products, fruit juices, and bottled water, which is, in turn, adding to the prosperity of the packaged food and beverage industry. This industry is using coding and marking systems to print product price, manufacturing and expiry date, ingredients, and other pertinent details on the packaging of food items and drinks. Thus, the escalating demand for packaged foods and beverages will fuel the adoption of coding and marking systems globally. Additionally, the increasing need to stop the sale of counterfeit automobile parts will also fuel the coding and marking systems market at a CAGR of 6.4% during the forecast period (2020–2030). According to P&S Intelligence, the market value will rise from $3,832.4 million in 2019 to $7,469.6 million by 2030. The Automotive Aftermarket Suppliers Association (AASA) estimates that the global automobile sector loses approximately $12.0 billion every year because...

The World Bank estimates that approximately 2.2 billion people across the world do not have access to safely managed drinking water services. Water pollution has become one of the greatest risks to sustainable development, economic progress, and poverty eradication, due to the gaps in the access to water supply and sanitation, surging rainfall variability, booming population, soaring pollution levels, and water-intensive patterns of growth. Thus, the burgeoning demand for clean water will boost the adoption of polyvinylidene difluoride (PVDF) membranes worldwide. Moreover, the surging public awareness on the health issues arising due to the consumption of toxic food and beverages will accelerate the PVDF membrane market at a CAGR of 7.9% during 2018–2023. At this rate, the market revenue is expected to rise from $720.1 million in 2017 to $1,142.0 million by 2023. This will be because food and beverage companies use PVDF membranes to filter out toxic materials from edible products. The...

Methionine is one of the nine essential amino acids required by the human body as it aids in tissue repair and growth. It is a sulfur-containing amino acid that strengthens the nails and improves the pliability and tone of the hair and skin. The sulfur provided by it also slows cell aging and protects cells from pollutants. Additionally, sulfur is essential for the bio-availability and absorption of zinc and selenium. Furthermore, methionine acts as a lipotropic agent, preventing excess fat buildup in the liver and offering advantages in liver cirrhosis treatment.  In addition, it has proven beneficial in the treatment of copper poisoning, toxic hepatitis, and pneumonia. It is used as a buffering agent in antacids and analgesics to treat the aforementioned ailments. Thus, the increasing use of this amino acid in pharmaceutical applications will help the methionine market advance at a healthy CAGR of 10.2% during forecast period. The market revenue is expected to surge from $5,114....

Automakers across the world are heavily investing in research and development (R&D) to increase strength, reduce weight, and amplify the aesthetic value of vehicles. To achieve these objectives, automobile manufacturers are increasingly using 3D printing filaments to produce components such as air ducts, interior accessories, functional mounting brackets, and full-scale panels. With the surging production and adoption of automobiles, the consumption of such filaments will accelerate in the coming years. As per the Organisation Internationale des Constructeurs d'Automobiles (OICA) around 78 million vehicles were purchased in 2020, globally.  Further, the rising adoption of 3D printing technology in the aerospace industry will also help the 3D printing filaments market advance at a CAGR of 26.8% during the forecast period (2020–2030). According to P&S Intelligence, the market revenue will rise from $693.1 million in 2019 to $7,082.0 million by 2030. The aircraft and aviation...

Owing to the surging manufacturing and sales of automobiles, especially in the Asia-Pacific (APAC) region, the global automotive original equipment manufacturer coatings market generated a revenue of $10,997.4 million in 2018. Moreover, the market value is expected to surge to $13,661.4 million by 2024, while the market will demonstrate a CAGR of 4.2% from 2019 to 2024 (forecast period), as per the estimates of the market research firm, P&S Intelligence. According to the India Brand Equity Foundation (IBEF), the automotive industry in India will reach a value of Rs. 16.16-18.18 trillion (US$ 251.4-282.8 billion) by 2026. Besides, the APAC region is witnessing rapid technological advancements and innovations in automotive OEM coatings, which is also fueling the expansion of the automotive OEM coatings market. Many coating producing companies are increasingly focusing on developing novel technologies, processes, and products in order to meet the rising demands of automobile manufact...

From $2,675.9 million in 2018, the global chloromethanes market is expected to reach a value of $3,286.9 million by 2024. According to the forecast of the market research organization, P&S Intelligence, the market will exhibit a CAGR of 3.4% from 2019 to 2024 (forecast period). The market is being driven by the surging production of solvents. As chloromethanes are being increasingly used as raw materials in the production of industrial solvents, the soaring requirement for solvents is fueling their demand across the world. Moreover, a large quantity of chloromethanes is processed for producing dimethyldichlorosilane and various associated organosilicon compounds. Dimethyldichlorosilane basically serves as a precursor to the silicones that are extensively used for producing medicines, sealants, adhesives, lubricants, and cooking utensils and also in electrical and thermal insulation. In addition, various other derivatives of chloromethane, such as trimethylsilyl chloride and methyl...

With the mushrooming sales of automobiles, especially in emerging economies such as India, Mexico, Indonesia, and China, the automotive industry is exhibiting huge expansion, which is pushing up the demand for metal finishing equipment and solutions. This is because metal finishing solutions are required for improving the life of automobile components and systems, such as power steering systems, under-the-hood components, brake parts, air conditioning components, fuel systems, and chassis hardware, as they are highly vulnerable to corrosion because of snow and rain and this can eventually cause their premature failure. Likewise, the manufacturing of aircrafts and their components are governed by various critical parameters, out of which, quality is the most essential. These parts are required to be incredibly reliable in nature, as their failure can cause the loss of human life and capital. Due to this reason, many international aviation safety organizations are making metal finishing...

The burgeoning demand for lightweight vehicles, on account of the surging shift toward fuel efficiency, will create a huge requirement for polymers in the automotive industry in the foreseeable future. The large-scale consumption of polymers can be credited to their exceptional chemical, mechanical, and electrical properties, such as high strength-to-weight ratio and elasticity, and excellent optical and insulating features. The adoption of polymers in vehicle production helps in reducing the overall vehicle weight by 10%, which results in reducing the fuel consumption by a significant margin. Apart from this, the surging use of smart polymers in the healthcare industry, owing to the mounting demand for artificial body parts, biosensors, and hydrogels for targeted drug delivery, will drive the polymer market at a CAGR of 5.1% during the forecast period (2020–2030). According to P&S Intelligence, the market revenue will grow from $533.6 billion in 2019 to $838.5 billion by 2030. Sm...

The Centers for Disease Control and Prevention (CDC) says that “On any given day, about 1 in 31 hospital patients has at least one healthcare-associated infection (HAI).” The incidence of HAIs is surging due to the frequent outbreaks of life-threatening diseases, such as COVID-19. Thus, the surging public awareness regarding health-related issues, such as harmful microbial spread and hygiene, will create a huge requirement for antimicrobial additives in healthcare facilities in the foreseeable future. Additionally, the expanding healthcare and construction industries will help the antimicrobial additives market advance at a CAGR of 7.4% during 2020–2030. The market revenue stood at $1,753.2 million in 2019, and it is projected to reach $3,784.3 million by 2030. The surging adoption of novel drugs, accessories, and technologies and increasing use of antimicrobial additives are expected to bring a technological transformation in the construction and healthcare sectors. For instance, hea...

 Developing countries, such as India, Thailand, China, and Indonesia, are experiencing a huge influx of investments owing to the increasing focus of multinational companies on shifting their production base to these nations. This shift is ascribed to the abundant availability of raw materials and easy availability of low-cost labor here. As a result, China, India, and South Korea already rank as some of the largest manufacturing countries in the world. Thus, the soaring industrial activities in these countries will create a huge requirement for aerosols, due to their increasing use in lubrication and greasing applications. Additionally, the burgeoning demand for personal care products, primarily on account of the soaring disposable income of people, will fuel the aerosol market at a CAGR of 6.4% during the forecast period (2020–2030). The market was valued at $81.1 billion in 2019, and it is projected to generate $149.7 billion revenue by 2030. In this regard, the rising innovatio...