Global Market Analysis Report of Chemicals and Materials Industry

Friday, 31 January 2020

Global Cinnamaldehyde Market Growth 00:08

Rising Product Demand due to Urbanization Driving Cinnamaldehyde Market

In 2016, the global cinnamaldehyde market generated a revenue of $183.7 million and is predicted to advance at a 6.5% CAGR during the forecast period (2017–2022). The market is witnessing growth due to the low toxicity of cinnamaldehyde, urbanization resulting in the rising demand for cinnamaldehyde in emerging economies, increasing demand for personal & home care products in developed and developing nations, and changing demographics and income trends in developing countries. An organic compound which provides the taste and smell of cinnamon spice is referred to as cinnamaldehyde.

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When source is taken into consideration, the cinnamaldehyde market is bifurcated into natural and synthetic. Between these two, the synthetic category dominated the market during 2013–2016 and is projected to account for the major share of the market during the forecast period as well, in terms of volume, as synthetic cinnamaldehyde is more economical than natural cinnamaldehyde. In terms of application, the market is divided into odor agent, flavoring agent, and others. Among these, the odor agent division held the largest volume share of the market during the historical period.

Geographically, Asia-Pacific (APAC) accounted for the largest share of the cinnamaldehyde market during the historical period and is expected to dominate the market during the forecast period as well, in terms of volume. The reason for this is the surging population in emerging economies, including China and India, which is creating increasing requirement for personal care and cosmetic products. China accounted for the largest share of the regional market during the historical period and is further projected to retain its position during the forecast period, in terms of volume.

The swift urbanization, which has resulted in rising product demand from emerging economies, is a key driving factor of the cinnamaldehyde market. Urbanization has also led to enhanced facilities and improved lifestyle of middle-class people. The living standard of urban population has risen up, which, in turn, is resulting in the growing demand for discretionary items, such as high-end cosmetics, perfumes, essential oils, and others. In addition to this, cinnamaldehyde is also utilized as a flavoring agent in the food industry for enhancing the flavor and aroma of food.

The surging demand for personal & home care products from both developed and developing countries is also resulting in the growth of the cinnamaldehyde market. As the cosmetics and personal care companies are getting good returns on their investments, the multi-national beauty companies are increasingly investing in potential markets. The consumers are further becoming more inclined toward luxury consumer goods, such as essential oils and perfumes, as their disposable income is increasing.

The rising utilization of cinnamaldehyde as an antimicrobial agent in agricultural practices is key trend in the cinnamaldehyde market. Cinnamaldehyde acts as an effective fungicide when it is applied to the roots of plants. The compound has been proven effective for restraining the growth of inoculated foodborne pathogens for over 40 different crops. In addition to this, cinnamaldehyde has low toxicity and some insecticidal effects, which makes it ideal for usage in the agriculture sector. Attributed to these advantages, several major players have started focusing on research & development of cinnamaldehyde-related products.

Hence, the market is growing due to the rising demand for personal & home care products and rapid urbanization which has led to rising demand for cinnamaldehyde from developing countries.

Manish Baghel 0

Monday, 27 January 2020

NZEBs Market Growth 23:39

Net Zero Energy Buildings (NZEBs) Market to Witness Over Two-Times Growth during 2019–2024

Over 35% of the world’s total energy consumption and 40% of its greenhouse gas (GHG) emissions are generated by buildings and the construction sector, as per the World Green Building Council. Since these emissions cause air pollution, there is a growing need to limit them. Another problem with high energy usage is that since most of it is produced from fossil fuels, their reserves are depleting at a high pace, which is leading to the sky-rocketing prices of coal and crude oil. To deal with such issues, the construction of net-zero-energy buildings (NZEB), also termed zero net energy buildings, is being strongly encouraged in nations across the world.

This is why, from $896.6 million in 2018, the Net-Zero Energy Buildings Market is projected to grow to $2,106.6 million by 2024, at a 15.6% CAGR during 2019–2024 (forecast period). Such buildings only use the electricity they generate on site, primarily from renewable sources, such as wind and the sun. Zero net energy (ZNE) buildings are either certified as ZNE-verified or ZNE-emerging. Both these types of infrastructure are constructed for residential as well as commercial purposes. Of these, more such buildings were built for commercial purposes during 2014–2018, as these boast a larger floor space, which raises their value.

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An NZEB uses solar photovoltaic (PV) Panels, insulation panels, and efficient lighting and heating, cooling, and air conditioning (HVAC) Systems to be energy-efficient. Historically, the largest demand was generated for solar PV panels, as most such buildings use the sun to create electricity, which is consumed in high amounts every day. During the forecast period, the usage of all components, including solar PV panels, will continue increasing, due to the rise in the construction of such infrastructure.

Across the world, governments are under pressure to control global warming. The Intergovernmental Panel on Climate Change has claimed that in order to reduce the average worldwide temperature increase by 1.5 °C, countries must achieve net-zero GHG emissions by 2050. Similarly, in 2019, the government of Vancouver, Canada, mandated a 40% reduction in the embodied carbon in new buildings, by 2030. Considering that electricity generation accounts for a large portion of these emissions, governments are actively working to reduce the wastage of energy as well as create it from renewable sources.

For instance, the California Long-Term Energy Efficiency Strategy Plan has been initiated by the public utilities body of the state, to ensure that all residential buildings being constructed by 2020 and all commercial ones by 2030 are NZEBs. Additionally, as per the New Buildings Institute (NBI), California had 214 zero-energy projects in 2018, which increased by 131% from 2014. Further, the state will also retrofit existing commercial and state buildings, to achieve 100% net-zero energy consumption by 2050.

Across the world, North America is currently the largest market for NZEBs, on account of the stiff target in the region to reduce non-renewable energy usage as well as the associated GHG emissions. Even during the forecast period, the continent would account for the highest number of such projects and sale of the required components. Within the region, the net-zero energy buildings market in the U.S. is larger, since such infrastructure is being rapidly built in its south-western and north-eastern regions. The NBI says that in the country, 482 buildings were certified ZNE-verified or ZNE-emerging, in 2018.

Hence, as the focus on reducing the electricity usage and harmful emissions increase, so would the construction of NZEBs.

Manish Baghel 0

Monday, 20 January 2020

Lead–Acid Battery Market Size 02:43

Increasing Sale of Electric Vehicles Driving Lead–Acid Battery Market Growth

In 2018, 5 million electric vehicles were sold across the world, growing by 63% from the previous year, as per the International Energy Agency. The key reasons behind their adoption are the air pollution caused by the burning of fossil fuels in conventional vehicles and increasing prices of crude oil. Be it a battery electric vehicle (BEV), hybrid electric vehicle (HEV), or plug-in hybrid electric vehicle (PHEV), all of them use a battery for motive power, instead of an internal combustion engine.

Thus, with a rise in EV sales, the lead–acid battery market would grow to $70.7 billion by 2023 from $56.9 billion in 2017, at a 3.7% CAGR during 2018–2023. Such batteries use lead-peroxide and sponge-lead plates, which are immersed in a sulfuric acid solution, to change the chemical energy into electricity. Valve-regulated (VRLA) and flooded are the two constructions in which such products are available. Of these, the flooded variants saw higher adoption during 2013–2017 owing to their cost-effectiveness.

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Motive, starting, lighting, and ignition (SLI), and standby are the three types of such batteries, if their actual purpose is considered. Among these, these batteries were the most widely installed for SLI purposes, during the historical period. Such devices are durable and cost effective, require low maintenance, and witness a high demand from the automotive sector. EVs have gained overwhelming support from national and provincial/state governments and international organizations, as they help reduce air pollution. Under the Electric Vehicles Initiative, China, Canada, France, Finland, India, Germany, Mexico, Japan, Norway, the Netherlands, the U.K., Sweden, and the U.S. have set targets to increase EV adoption.

Further, automakers such as Nissan Motor Corporation, Ford Motor Company, and Tesla Inc. are developing new EV models with higher range and speed, which is expected to attract consumers and drive the market for lead–acid batteries. Another reason for market growth is the rise in the demand for uninterruptible power supply (UPS). Several developing countries, including Mexico, India, South Korea, Indonesia, Vietnam, and Thailand, are witnessing rapid urbanization and industrialization. These processes result in the increasing demand for infrastructure for residential, commercial, and several other purposes, where UPSs are installed for stable power supply.

Industries such as manufacturing, research and education, healthcare, oil and gas, and chemicals, also use UPSs. With the growing demand for electricity, the pressure on power plants and the grid is increasing. Additionally, in most developing countries and few developed countries, the power infrastructure is aging, and both of these factors often result in inconsistent power supply. This becomes a grave problem for oil and gas installations, railways and airways, hospitals, and data centers, which is automatically pushing the sale of backup systems, and, in turn, lead–acid batteries.

Another sector where uninterrupted power supply is imperative is telecom, especially in cell phone towers. Currently, diesel generators are used at such places, but as they also cause air pollution, they are being replaced by cleaner power sources. The India Brand Equity Foundation (IBEF) claims that the country’s mobile industry would value $217.37 billion (INR 14 trillion) by 2020. With the increase in smartphone sales, telecom towers are increasing in number, which is pushing the demand for lead–acid batteries for backup power systems. It is due to such factors that Asia-Pacific would witness the fastest lead–acid battery market growth during the forecast period.

Hence, the demand for such power sources would continue surging with the increase in EV and smartphone adoption.

Manish Baghel 0

Wednesday, 1 January 2020

Global Acetyls Market Growth 22:49

How Increasing Demand for Adhesives is Contributing to Acetyls Market Growth?

For any product to reach its final stage, it has to go through the whole process of being extracted from raw materials, further refining or combing with other materials, and then further processing. Adhesives, are an essential component in the manufacturing of numerous products, be it any industry, such as electronics, wood/timber, packaging, leather goods, or furnishing. This is where acetyls come in; they are an essential component of adhesives themselves.

Acetyls, such as vinyl acetate and ethyl acetate monomer, are significant in the adhesives industry. Ethyl acetate solvent-based adhesives have a better bonding strength than equivalent toluene-based adhesives. Poly vinyl acetate (PVA or PVAc), commonly known as wood glue or carpenter’s glue, extensively utilizes vinyl acetate monomer for its manufacturing. When it is emulsified in water, it is used as an adhesive for porous materials, such as cloth, wood, paper, and sandstone. Therefore, acetyls are in high demand due to the flourishing end-use industries where adhesives are used.

In a P&S Intelligence study, it was reported that the acetyls market would accumulate $34,283.2 million in the coming years, advancing at a 6.9% CAGR from 2015, when it garnered $22,004.7 million. An acetyl group contains a methyl and a carbonyl group. From a small molecule, such as an OH group, to those with long chains of carbon atoms, this group can be attached to any molecule. The acetyl group is used in the manufacturing of various products, such as acetic anhydride, acetic acid, ethyl acetate, and vinyl acetate monomer.

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In 2015, among all the products derived from those with an acetyl group, acetic acid was consumed the most. Acetic acid, also known as methanecarboxylic acid and ethanoic acid, is a colorless liquid with a pungent smell, which is used as a raw material in many industries. Even in the coming time, acetic acid would continue to be in the highest demand.

Among North America, Asia-Pacific, Europe, and other parts of the world, the highest demand for acetyl and its derivatives was generated in the Asia-Pacific region. This can be attributed to the various flourishing end-use industries, such as packaging and textiles and paints and coatings and the growing requirement for adhesives in construction and furniture here.

The improving gross domestic product of many countries, such as India and China, has resulted in the increasing spending power of customers as well as money inflow in industries, thereby resulting in a high demand for finished products. This region is expected to generate the highest demand for acetyls in the coming years as well as the requirement for products manufactured by numerous industries would be the maximum here.

A shift toward renewable energy from non-renewable sources is being observed as the latter are leading to high levels of pollution. Photo voltaic (PV) modules are used for storing energy generated from the sun. These modules have a glass-top surface, an outer frame, a rear layer, and an encapsulant, which is mostly made of ethylene-vinyl acetate (EVA).

In the solar power industry, EVA is gaining popularity due to its superior optical properties, cross-linking bonding abilities, and high durability. One of the major challenges that solar module manufacturers face is ensuring that in harsh outdoor environments, PV modules last long. EVA, a copolymer of vinyl acetate and ethylene, is used to make the encapsulant, which provides better protection against delamination and corrosion and has remarkable durability.

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Thursday, 19 December 2019

Global Automotive Elastomers Market Growth 02:42

How is Rising Demand for Fuel-Efficient Vehicles Contributing in Automotive Elastomers Market Growth?

The rising pollution level has become a major environmental concern. A report by the Netherlands Environmental Assessment Agency mentioned that in 2011, about 31.6 gigatons of carbon dioxide (CO₂) was emitted globally, of which 23% emissions were reported from all transport sectors. This alarming concentration of CO₂along with sulfur dioxide and carbon monoxidein the environment is immensely contributing to the greenhouse effect, which is causing drastic climatic changes across the globe.

Keeping this in mind, research and development activities are going on in developing vehicles that run on alternate sources of energy, but while that happens, researchers are also focusing on developing lightweight vehicles. Materials such as aluminum, plastic, and composites are now being preferred to plastics, steel, polyvinyl chloride, and rubber for constructing the vehicle body. Lightweight materials are being used in automotive manufacturing as they improve fuel efficiency. Therefore, automotive polymers are one such material that help in the manufacture of fuel-efficient lightweight vehicles.

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Elastomers are extremely elastic polymers that are lightly cross-linked and amorphous. The polymer chains are held together by weak intermolecular forces. Automotive elastomers are specifically used for manufacturing automotive components, such as body side cladding, grills, wheel trims, trunk seal to name a few, as they are resistant to high heat, and have low density and offer high glossy finish. They are of two types: thermoplastic and synthetic. Throughout 2012–2015, the demand for synthetic elastomers was higher between the two. Synthetic elastomers are manufactured artificially from petroleum by-products.

They are capable of handling a wide temperature range, and are resilient to various fluid types, corrosive, and extreme environments. Different types of synthetic polymers are silicone rubber, chloroprene rubber (CR), fluoroelastomers, nitrile butadiene rubber (NBR), ethylene propylene diene monomer (EPDM), and styrene butadiene rubber (SBR). In the coming time, thermoplastic elastomers would experience the fastest growth in demand in the coming years. The automotive elastomers market is predicted to grow at a 4.8% volume CAGR in the near future, as predicted by P&S intelligence.

Automotive elastomers are used for various applications, such as molded parts, weather seal, under hood, interior, and exterior. Among all, during 2012–2015, automotive elastomers were used the most for the exterior application. Automotive applications are a major part of the exterior applications, such as mirror gaskets, wiper deflectors, front and end parts, hood strip, and fuel filler seals. These elastomers offer high-quality finish, dimensional stability and durability, as well as result in the improved fuel efficiency and controls CO₂ emissions. Further, as these elastomers are highly flexible, they allow the creation of complex designs.

In the coming years, the fastest growth in demand is predicted to be witnessed by the interior application, which is aimed at reducing the wear and tear of the interiors of an automobile, ranging from cup-holder liners, airbag cover, soft-touch grips, and armrest covers to dashboard covering, glass run channels and door trim panels, control panel switch, and console box liner. These elastomers help in the manufacture of cost-effective, innovative, and lightweight automobile interiors.

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Wednesday, 18 December 2019

Global Digital Inks Market Share 01:43

How is Emerging Trend of Digitization of Books Driving Digital Inks Market?

The digitization of books is a major emerging trend at the present time. This shift toward digitization has occurred due to the changing preference of customers. People now prefer reading books on e-readers and tablets rather than buying paper-based books, which has given birth to new possibilities in the book industry. This is leading to the increasing demand for digital inks. A digital-based image can be printed directly into a variety of media by making use of digital inks. Moreover, these inks enable on-demand printing, thereby making the process quicker and cost-effective. The government is also increasing the focus on the usage of water-based digital inks, as the utilization of traditional solvent-based inks have harmful effects on the environment in terms of product disposal and manufacturing waste disposal.

As per a research conducted by P&S Intelligence, in 2016, the global digital inks market generated a revenue of $1,147.4 million and is predicted to grow at a 5.4% CAGR in the coming years. The several application areas of digital inks are office printing, textile, publication, industrial printing, packaging, commercial printing, and decorative printing. Among these, the largest demand for digital inks was created for the commercial printing application during the time period 2013–2016 and the situation is going to be the same in the near future as well. Digital inks are used extensively for commercial printing of products such as brochure, stationery, and catalogue. Furthermore, high-resolution printing is required for these application areas, which further results in high consumption of digital inks. The fastest growth in demand for digital inks is projected to be witnessed by the office printing application.

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The expansion of packaging industry is also contributing considerably to the rising demand for digital inks. The industry is among the prime consumers of digital inks in several regions, such as Asia-Pacific, North America, South America, and Middle-East and Africa. The requirement for packaged consumer goods is expected to grow substantially due to the rising youth population, continuously changing lifestyles of consumers, and increasing gross domestic product. The use of digital inks provides cost-effective packaging production with no volume limits, reduces the time taken for printing, significantly decreases capital-intensive inventory, minimizes waste generation, and reduces the requirement for storage space. Because of these advantages, digital printing is utilized in various applications such as labels, flexible packaging, rigid containers, and retail bags and snacks.

The adoption of environment-friendly digital inks is increasing as people are becoming more conscious toward the rapid degradation of the environment. In order to improve the efficiency and decrease the harmful effects of inorganic and toxic materials utilized in traditional inks, consumers are focusing on adopting environment-friendly digital inks, such as ultraviolet (UV)-cured and water-based digital inks. Solvent-based digital inks produce fumes and odor, which can cause discomfort to humans. Due to these factors, consumers have started using water-based and UV-cured digital inks, which is further compelling the manufacturers to invest in research and development activities for the development of environment-friendly digital inks.

Manish Baghel 0

Monday, 16 December 2019

Polyimide Films Market Size 01:26

How is Expanding Electronics Industry Driving Polyimide Films Market?

With the emergence of electronic devices, life has become exceptionally simpler for human beings. People are becoming increasingly dependent on these products for carrying out their day to day tasks, due to which the demand for electronics is surging. Furthermore, technological advancements in several industries, such as medical, automotive, and electronics, are resulting in the development of newer products every day. Because of these factors, the requirement for improvisation in designs of devices and coating materials is growing, which, in turn, is driving the demand for polyimide films in the electronics sector. These films are utilized in the developmental process of flexible printed-circuit (FCP) boards, recording devices, rotating machines, integrated circuits, and electric wires. Moreover, polyimide tapes are also used in capacitor & transformer insulation, gold leaf masking during wave soldering, coil insulation, and magnetic wire insulation.

As per a study conducted by P&S Intelligence, the global polyimide films market generated a revenue of $1,850.0 million in 2016 and is predicted to advance at a 10.1% CAGR in the near future. The various application areas of polyimide films are specialty fabricated products, motor/generators, FCPs, pressure sensitive tapes, and wires & cables.

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Among all these, the largest demand for polyimide films was created for the FCP application during 2013–2016. Polyimide films are utilized as an insulating material for the manufacturing of FCP; in a single layer FCP, these films are used as base layer on the single metal layer and in the case of multi-layer FCP, polyimide films are used for developing inner layers. A buffer is created against mechanical stress and heat transfer by making use of these films. Because of these factors, the FCP application is projected to continue creating highest demand for polyimide films in the coming years.

The polyimide films market is witnessing significant growth due to the different applications of polyimide films in various industries. This is due to the exceptional properties of these films such as thermal stability, ability to withstand a wide range of temperatures, flexibility, durability, chemical resistance, excellent tensile strength, low weight, water absorption characteristics, and damp-proof usage. Other factors leading to the rising demand for polyimide films over other coating materials include its abrasion and cut-through resistance characteristics, cost-effectiveness, faster design times, and ability to fabricate nanoscale features. Ascribed to all these properties, polyimide films find applications in a variety of industries such as medical, military, medical, and as mentioned above electronics.

As the technological advancements are taking place in every field, the device materials and coatings are also witnessing innovations. This has resulted in the emergence of polyimide tubing, which is a lightweight thermoset plastic with properties such as chemical interaction, flexibility, and resistance to heat. Due to these properties, polyimide tubing is gaining traction in the medical design market as the need for minimally invasive surgical devices is growing. In addition to this, polyimide tubing also has the potential to be utilized as an electrical and thermal insulator for fluid and gas delivery. Owing to all these factors, the demand for polymer films is predicted to rise in the coming years.

Manish Baghel 0

Friday, 15 November 2019

Thermal Spray Materials Market 04:17

How is Flourishing Aerospace Industry Leading Thermal Spray Materials Market to Prosperity?

Owing to stable commodity prices, rise in penetration of the aerial mode of transportation, and recovery in the global domestic gross product (GDP), the aerospace industry has witnessed impressive growth. Further, the improvement in GDP has led the governments of many nations, such as India, the U.S., China, and Japan to increase their defense budget as well as make provisions to further boost the aerospace industry. Take the example of the Asia-Pacific (APAC) region where in the next twenty years, China is expected to spend more than $1.1 trillion on aircraft. Further, in the region, with the increasing spending power of people, they are preferring air travel as the mode of transportation. These factors are leading to the growing demand for aircraft both for commercial and defense purposes, which in turn, is influencing the demand for thermal sprays. These are used as coatings in turbo-machinery including high-pressure turbine seals, bearings, airframe, compressor seals, rotor-path linings, and engine components and help improve fuel dynamics and efficiency, prevent wear, and reduce maintenance costs.

Thermal sprays are essentially coating materials which are available in rod/wire and powder forms. These are applied on different components at a high temperature to provide protection against wear, corrosion, erosion, and any other damages. Thermal spray materials can be ceramic, metal, polymer or other material-based. These sprays are of two types: wire/rod and powder. All throughout the 2014–2018 period, the rod/wire type thermal spray materials were higher in demand, as they provide high-quality coating and, at the same time, minimize any wastage of the material. The wire/rod is inserted into the gun/torch, which is then heated above the melting point to form molten droplets of the material. They are then accelerated in a gas stream and sprayed onto the substrate for coating. In the near future as well, the wire/rod thermal spray materials would remain popular between the two. A P&S Intelligence study has estimated the thermal spray materials market to advance at a 7.4% CAGR amassing $2,869.2 million in coming years.

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These materials are used in various end use industries, namely medical devices, automotive, oil & gas, aerospace, electronics, industrial gas turbines, and energy & power. The aerospace industry has been the largest user of thermal spray materials, as these materials enhance fuel efficiency, support longevity, and reduce maintenance costs of aerospace and aviation components. They are exposed to harsh conditions, such as extreme pressure and heat, and thermal spray materials help protect these components against high wear and tear by forming a protective covering on them. In the coming years, the fastest growth in demand for these materials is expected to be witnessed by the energy & power industry.

One of the novel spray methodologies, cold gas dynamic spraying, also known as kinetic spraying, is trending in the market. The method is based on bombarding solid particles at high velocities on the surface of materials to form coatings. Inert gases are used and metal powder particles are accelerated at a supersonic speed, which are then impacted at the material surface. The process is being preferred by users as it exhibits a deposition efficiency of 90 % and is highly compatible with metals and alloys of copper, titanium, aluminum, and nanocrystalline materials. Further, it offers easy recyclability of the sprayed raw material and doesn’t require fuel combustion. The adoption of cold spray process is becoming popular with technological advancements in the spray technology, such as feedstock optimization, the introduction of process compatible raw materials, and non-destructive testing.

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Wednesday, 30 October 2019

Lead-Acid Battery Market Report 04:49

How is Rising Adoption of Electric Vehicles Driving Lead-Acid Battery Market?

The regulatory government norms are increasingly focusing on reducing the greenhouse gas emissions and global temperature. Attributing to this, the need for electric vehicles (EVs), such as plug-in hybrid electric vehicles, hybrid electric vehicles, and pre battery electric vehicles, is on the rise as they enable efficient and clean transportation. In order to increase the adoption of EVs across the world, a France-based organization, Clean Energy Ministerial, established a multi-government policy forum - ‘Electric Vehicles Initiative (EVI)’ in 2010. Since, due to their high energy density and specific energy, lead-acid batteries are used widely as a power generating source in EVs, their demand is predicted to increase with the rising adoption of EVs.

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Lead-acid battery, a type of rechargeable cell, makes use of sponge lead and lead peroxide in order to convert chemical energy into electrical power. The battery comprises lead and lead oxide plates, which are immersed in sulfuric acid solution. Electric current is generated due to the oxidization of the lead plate by the oxide component of the battery. Due to their low cost and high cell voltage, lead-acid batteries are commonly used in power stations and substations. According to a research conducted by P&S Intelligence, in 2017, the global lead-acid battery market attained a value of $56.9 billion and is further predicted to generate $70.7 billion, advancing at a 3.7% CAGR, in the coming years. The application of lead-acid batteries is extensive in various sectors — utilities, oil & gas, automotive, leisure, marine, telecommunication, uninterrupted power supply (UPS), construction, mining, and military. The largest demand for lead-acid batteries was created by the automotive sector during the time period 2013–2017 because of the increased requirement for automobiles.

The rising demand for UPS is also contributing to the growing need for lead-acid batteries. The requirement for electricity across the world is surging due to industrialization and urbanization, which, in turn, is driving the demand for UPSs, as they protect devices from load surges and data loss, along with providing uninterrupted supply of electricity. Moreover, industries such as healthcare, educational institutions, oil & gas, chemicals, research institutions, and manufacturing require uninterrupted electricity supply so that their machineries can function properly. The need for UPSs is also expected to increase because of the emerging data centers and IT industries in the European and APAC regions, as they protect equipment from any damages due to electricity fluctuations. Lead acid batteries are used in these systems for power supply backup, which is why their requirement is growing because of the rising demand for UPS.

Three types of lead-acid batteries are standby, starting, lighting, & ignition (SLI), and motive. Standby battery, also known as float-use battery, has large number of thin cell plates and is used as an alternate source of electricity in case of any emergencies. It has a life span of around five years. SLI battery is used for powering lights, motor, and ignition system of a vehicle’s engine and is installed with the vehicle’s charging system. Motive battery provides a steady current for a longer duration and is utilized to provide power to EVs such as golf carts and forklift truck. Among all these, the largest demand during 2013–2017 was created for SLI lead-acid batteries.

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Tuesday, 22 October 2019

Packaging Industry 06:08

How is Rising Demand for Products Contributing to Growth of Indian Coding & Marking Systems Market?

India has witnessed a significant progress in its economy since 1990s. This has resulted in the rising disposable income and purchasing power of the residents of the country, indicating a huge improvement in living standards. Therefore, people are now spending on a variety of products ranging from packaged foods, cosmetics to pharmaceuticals and luxury items. The demand for packaged foods, such as fruit juice, bottled water, and processed food has risen considerably, which has given a major boost to the food & beverage industry in the country. Similarly, the pharmaceutical industry is also witnessing a rise in the product demand and people are becoming aware about the contents of pharmaceutical products, which is necessitating the mentioning of the drug-related information on the package. Further, stringent regulations pertaining to pharmaceutical manufacturing make it mandatory for manufacturers to provide such information on the packaging of the drug. These, are therefore leading to a high demand for coding and marking systems in the country.

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These systems help provide product-related information, such as expiry and manufacturing dates, batch number, price, and other necessary information on the product packaging to end users. Coding and marking systems are extremely beneficial across various industries as they allow the identification and component tracking in different stages of production. These systems are deployed in healthcare, food & beverage, chemical, electrical & electronics, and automotive & aerospace. Among all, the highest demand for these systems was generated by the food & beverage industry during 2013–2017. This was due to the stringent regulatory guidelines in the country regarding proper labeling on the product packaging displaying nutrition facts, manufacturer’s details, manufacturing and expiry dates, and ingredient list. Further, the demand for these systems would continue to remain the highest in the coming years. In a P&S Intelligence study, the Indian coding and marking systems market is predicted to grow at a 9.0% CAGR in the near future.

Coding and marking systems are based on the following technologies: laser coding & marking, thermal ink jet, thermal transfer overprinting (TTO), drop on demand (DoD), continuous inkjet, print & apply labelers. During 2013–2017, among all the technologies, the highest deployed one was the continuous inkjet. This was attributed to the benefits offered by this technology, such as its ability to run for extended hours without requiring maintenance, high-speed printing, and ability to print characters on any material, and being cost-effective. These factors would continue to keep this technology the most in demand even in the coming years.

Due to their advantages, digital printing solutions are becoming the next-big-thing in the Indian market. These printing solutions are capable of printing millions of characters in just a liter of ink. Additionally, digital printing is time-efficient as the ink used in these, dries quickly, thereby saving time. The technology is evolving and manufacturers are focusing on developing digital coding and marking solutions to make the whole process quick, cost-effective, and efficient. This new shift in the coding and marking systems technology can be taken advantage of by manufacturers to generate higher revenues.

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