Groundwater Depletion Supporting Expansion of Domestic Pump Market

The global domestic pump market revenue stood at $2,912.9 million in 2020, and it is predicted to rise to $3,832.0 million by 2030. According to the estimates of the market research company, P&S Intelligence, the market will grow at a CAGR of 2.8% from 2021 to 2030. The surging construction activities in the residential sector, increasing number of high-rise buildings, where pumps are required for maintaining the water pressure till the upper storeys, depletion of groundwater, and rapid urbanization are the major factors fueling the growth of the market. 

As per the Our World in Data, the global population will surge to 8.2 billion and 8.6 billion by 2025 and 2030, respectively. The surge in the worldwide population would create burden on the existing water infrastructure, which supplies drinking and utility water. In addition, a large number of people are rapidly shifting from rural areas to cities and towns every year. As per the World Bank, the share of the urban population in the global population surged from 55.2% to 56.1% from 2018 to 2020. 

Owing to the rising urbanization rate, many governments across the world are focusing on improving the infrastructure, which would subsequently fuel the demand for domestic pumps, thereby causing the expansion of the domestic pump market. The rapid depletion of the groundwater level is another major domestic pump market growth driver. As per the Population Action International, nearly 2.8 billion people in as many as 48 countries are predicted to experience water scarcity by 2025.

This category is predicted to demonstrate the highest growth rate in the market in the coming years. This is ascribed to the large-scale usage, inexpensive nature, and excellent pumping efficiency of these pumps. Globally, the Asia-Pacific region dominated the market in the past. This was because of the presence of a large population and surging number of ongoing housing projects for accommodating the soaring population in the region. Furthermore, the abundant availability of power for operating these pumps is also driving the growth of the domestic pump market in the region.

Hence, it can be said without any hesitation that the sales of domestic pumps will surge sharply in the coming years, mainly because of the rising requirement for potable and drinking water, on account of the soaring urban population and increasing construction and infrastructure development projects in several countries. 

Read More: https://www.psmarketresearch.com/market-analysis/domestic-pump-market

Why Are Governments Focusing on Developing New Bioethanol Production Methods?

According to the World Health Organization (WHO), the transportation sector is a major source of fossil-fuel carbon dioxide (CO2) emissions and the largest contributor to climate change. Further, the Environmental and Energy Study Institute (EESI) states that the combustion of fossil fuels accounted for 74% of greenhouse gas emissions in the U.S. in 2019. Likewise, the Report prepared by Climate Analytics for the Australian Conservation Foundation (ACF) states that Australia was responsible for around 1.4% of global fossil fuel combustion emissions in 2017.

The increasing pollution levels have, therefore, encouraged governments to mandate the usage of bioethanol as a transport fuel, owing to which the bioethanol market will grow during 2021–2030. According to P&S Intelligence, the market generated $38.0 billion revenue in 2020. Currently, bioethanol producers and government organizations are conducting research activities improve bioethanol production from plant residues, which are suitable to generate second-generation bioethanol (SGB). For example, the European Union (EU) initiated the Bioethanol for Sustainable Transportation (BEST) project to develop bioethanol vehicles.

In the recent past, the E10 bioethanol blend was consumed in the highest volume as it can be used in most of the new light-duty diesel vehicles and cars without modifying the engine or fuel system. In comparison to E5, E15 to E70, E75 to E85, and E86 to E100, E10 is a much reliable fuel. All these fuel blends are derived from solid, liquid, or gas feedstocks. In the past few years, bioethanol producers preferred solid feedstock over others as ethanol derived from solid feedstock such as sugarcane is a sustainable fuel and considered an ideal vehicle fuel since the advent of automobiles.

In the upcoming years, the transportation sector will consume the highest volume of bioethanol due to the increasing implementation of laws mandating biofuel blending. Besides, the cost-effectiveness and eco-friendly trait of this biofuel are also encouraging vehicle owners to use it as automobile fuel. Moreover, the booming vehicle sales, owing to the rising disposable income of people, will also fuel the consumption of bioethanol as a fuel globally. In addition to the transportation sector, cosmetics, alcoholic beverages, paint and coatings, pharmaceuticals, and chemical companies also use a considerable volume of bioethanol.

Nowadays, bioethanol producers, such as The Archer-Daniels-Midland Company, Flint Hills Resources LLC, Tereos, Green Plains Inc., Raizen SA, POET LLC, and Valero Energy Corporation, are focusing on geographical expansions to offer their products to a greater number of customers. For instance, in January 2020, TATA Projects Limited, an India-based infrastructure company, received the order for the second-generation bioethanol project of Bharat Petroleum Corporation Limited (BPCL). This project will be based in Odisha and will have a production capacity of 100,000 liters per day.

Geographically, the North American region dominated the bioethanol market in the preceding years, and it is also expected to retain its dominance in the forthcoming years as well. This can be primarily ascribed to the large-scale production of bioethanol and the presence of favorable biofuel policies in the region. Both Canada and the U.S. have mandated the usage of bioethanol blends in automobiles. Additionally, the rising crop yields and growing public and government focus on energy efficiency will also augment the usage of bioethanol in North America. 

Thus, the surging concerns regarding climate change and increasing research activities for developing new production methods of biofuels will encourage more people to shift from fossil fuels to bioethanol. 

Booming Speciality Chemical Production To Fuel Alpha Olefin Sales

Alpha olefins are olefins or alkenes are with the chemical formula cxh2x. One of the major feedstocks used for producing alpha olefins is ethylene, which is produced by using naphtha and gas-based oil. In recent years, the demand for the compound has increased massively, primarily because of the soaring use of specialty chemicals in various industries. The compound is extensively used as a raw material in the production of several specialty chemicals, such as oilfield chemicals, plasticizers, lubricants, plastomers, and surfactants.

For instance, ethylene alpha-olefin copolymers are also called plastomers and they are made from the polymerization process. Plastomers exhibit the hybrid characteristics of plastics and elastomers and because of these traits, these materials are extensively used in packaging and polymer modification applications.  In addition, they provide good foaming, low-cost benefits in surfactant production, and excellent compatibility with hard water. Because of these factors, the material is being increasingly used in surfactant production, which is supporting the growth of the alpha olefins market. 

According to the estimates of the market research company, P&S Intelligence, the market revenue will surge from $11,704.2 million in 2017 to $15,846.5 million by 2023. Furthermore, the market will exhibit a CAGR of 5.4% from 2018 to 2023. Among the different types of alpha olefins, the demand for 1-hexene was found to be the highest in the past. This was because of its large-scale utilization in the production processes of several products, such as synthetic fatty acids, hexyl mercaptans, and oxo alcohols.  C20-C30 LAOs are extensively used in alkyl aromatics, oilfield chemicals, petroleum additives, and surfactants.

Geographically, the demand for these materials was found to be the highest in North America in 2017. This is credited to the growing consumption of these products in various industries, such as plastics, automotive, and construction, ballooning consumption of plastics, and the surging production capacity of the regional countries.  Moreover, some of the major producers of alpha olefins, such as Royal Dutch Shell PLC and Chevron Phillips Chemical Company LLC, are based  in the U.S., which is also pushing up the demand for the compound in the region. 

Hence, it can be said confidently that owing to the growing requirement for alpha olefins in the production of specialty chemicals and in various industries, their sales will continue booming across the world in the coming years.

South Africa Charcoal Briquettes Market To Generate Revenue Worth $286.7 Million by 2030

A number of factors such as the low cost of charcoal briquettes, rich tradition of barbecue food, and rise in tourist arrivals in the nation to experience its scenic landscapes, rich culture, and soul-satisfying food are projected to propel the growth of the South African charcoal briquettes market at a CAGR of 8.8% in the forecast period (2020–2030). According to P&S Intelligence, the market generated $136.0 million revenue in 2019, and it is expected to reach $286.7 million by 2030. Moreover, the market is witnessing a trend of surging usage of instant-light charcoal briquettes. 

One of the prime factors propelling the market growth is the low cost of charcoal briquettes. In South Africa, charcoal briquettes are commonly used for cooking purposes, as people prefer these over other cooking fuels, including kerosene and liquified petroleum gas (LPG), owing to their low cost. The cost is less because charcoal briquettes are made of wood and powder, which is left after the manufacture of charcoal. Moreover, these are packed in a bag, which is easy to handle during transportation. This further decreases their transportation costs, thereby reducing the overall costs of charcoal briquettes.

The type segment of the South African charcoal briquettes market is categorized into hexagonal, oval/pillow, coconut shell, round, and others. Out of these, the oval/pillow category held the largest share in 2019 in the market. This is because charcoal briquettes are highly manufactured in the nation and local manufacturers are largely produced them in the oval shape, as they find it easy to manufacture them in this shape, as compared to other types of charcoal briquettes.

The South African charcoal briquettes market is highly fragmented, with the presence of several small, unorganized companies. These companies are mainly located in rural areas of the nation, which is the main reason that they are not following all mandatory standards for the manufacturing of charcoal briquettes. This generates an opportunity for organized companies to improve their position in the industry. Some of the major companies in the market are Namchar (Pty) Ltd., E & C Charcoal (Pty) Ltd., Umlilo Charcoal Products (Pty) Ltd., Braai & BBQ, Safari Braai Products, Blaze Braai, and Braaistar.

Thus, the low cost of charcoal briquettes, rich tradition of barbecue food, and rise in tourist arrivals in the country are expected to propel the market growth during the forecast period.