Global Industry Trends

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...

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 ar...

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 o...

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 manuf...

The global non-woven adhesives market revenue stood at $2.0 billion in 2020, and it is predicted to surge rapidly between 2021 and 2030 (forecast period). The market is being propelled by the growing use of non-woven adhesives in baby care, adult incontinence applications, feminine hygiene products, rising public awareness about high-quality products, and mushrooming requirement for these adhesives in the textile industry. According to various reports, the healthcare business had a value of $8.5 trillion in 2018 and the global healthcare expenditure is expected to surpass $10 trillion by 2022. This is predicted to push up the demand for non-woven adhesives, as these products provide safe and secure fixation, exhibit high absorption, and offer sterile dressing which massively mitigates the chances of contamination and ensures greater wound protection. Apart from this factor, the ballooning population of geriatric people is also fueling the expansion of the non-woven adhesives market. A...

The Advancing Sustainable Materials Management: 2018 report released by the U.S. Environmental Protection Agency (EPA) reveals that the construction sector of the U.S. generated 600 million tons of construction and demolition (C&D) debris in 2018. Likewise, the Center for Science and Environment (CSE) estimates that building repair in India produces 40–50 kg of C&D waste per square meter. The CSE also states that the country generates 150 million tons of C&D waste each year.  The surging need to reduce C&D debris, owing to the mounting environmental concerns, will, therefore, help the 3D printing construction market flourish between 2021 and 2030. According to P&S Intelligence, the market generated a revenue of $15 million in 2020. Construction companies are shifting from traditional construction methods and materials to 3D printing construction methods and materials to minimize wastage as 3D printers use materials that are lighter than conventional building ma...

The Population Division of the U.N. Department of Economic and Social Affairs (UNDESA) predicts that the global urban population will rise by 2.5 billion by 2050, in comparison to the 2018 population. The 2018 Revision of World Urbanization Prospects reveals that nearly 68% of the world population will reside in urban localities by 2050. As per this report, 90% of this surge will be recorded in Asia and Africa. The rising urban population will result in the large-scale construction of residential and commercial structures globally. Thus, the increasing construction activities will help the non-destructive testing and inspection market progress during 2021–2030. According to P&S Intelligence, the market generated a revenue of $9 billion in 2020 . Construction companies use NDT inspection methods to detect and assist in the repair of corrosion and cracks to avoid any unprecedented damage. The adoption of this testing method helps prevent road or bridge closure or a potential catastro...