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....