Barium nitrate is used in a considerable amount in the production of ceramic powder that is an important ingredient of electronic components, such as superconductors, capacitors, and semiconductors. The ceramic powder coating is used for device packaging, specialized mechanical components, and semiconductor devices. Besides, its application is increasing in the glass industry, as this compound helps in improving opacity and homogeneity of glasses. Moreover, it is used as an oxidizing agent…

The increasing environmental concerns and fluctuating oil prices have boosted the adoption of electric vehicles (EVs), globally. According to the Global EV Outlook 2020 of the International Energy Agency (IEA), 2.1 million electric cars were sold in 2019, which brought the global electric car stock to 7.2 million. The high sales of such EVs can be owed to the mushrooming government support in the form of incentives, favorable policies, subsidies, and tax rebates. New-energy automobiles are…

Artificial lift is used in oil wells to increase pressure within the reservoir to bring oil to the surface. This machine is deployed to recover more production from oil reservoirs where the natural drive energy is very weak. The surging number of mature oil and gas fields will fuel the artificial lift market at a CAGR of 5.3% during 2018–2023. According to P&S Intelligence, the market…

With the fall in the prices of micro inverters and the implementation of government initiatives, the demand for photovoltaic (PV) installations is growing rapidly across the globe. This is because of their excellent cost-effectiveness, safety features, and optimal performance. The rising deployment of PV installations is pushing up the sales of micro inverters across the globe.

Solar micro inverters have numerous PV installations in residential establishments, on account of their high…

Surgical glue refers to a synthetic or biological material used after traumatic injuries and surgeries for preventing liquid or air leakage in wounds. It is a special kind of medical sealant or adhesive that facilitates closing and healing of wounds and are capable of replacing staples and sutures in healing incisions and minor cuts. At present, the increasing incidence of plastic surgeries is creating a huge requirement for surgical glue worldwide. As per the International Society of…

With the rapid urbanization and industrialization, developed and developing countries are witnessing economic growth. This has been reflected in the increase in the global gross domestic product (GDP) per capita from $5,499.151 in 2000 to $11,441.733 in 2019, as per the World Bank. Among many things, this has resulted in the increasing demand for processed food and beverages, which have traditionally been more expensive than unprocessed products, such as fresh agricultural produce. Among the…

A pump jack refers to a device that is utilized in the oil and gas industry to extract crude oil from oil wells where there is not enough pressure to force the oil to the surface. This device creates an artificial lift, in the oil well, which enhances the pressure within a well to pull oil to the surface. This process, therefore, helps in increasing the production of oil from oilfields. Sometimes artificial lifting process is required from the very beginning, whereas it is most viable for…

The soaring popularity of barbecued food and flourishing cement and steel industries will drive the Asian charcoal briquettes market at a CAGR of 6.2% during the forecast period (2020–2024). The market stood at $952.5 million in 2019, and it is projected to reach $1,158.4 million by 2024. Asia has a vivid culture, with every nation having its signature cuisines and cooking…

The major factors aiding in the growth of the South African charcoal briquettes market are the country’s rich barbecue culture and the low cost of such fuel. As a result, the revenue generated from the sale of such products is projected to display an 8.8% CAGR during the forecast period (2020–2030), to reach $286.7 million by 2030 from $136.0 million in 2019.…

Outdated power plants are a major source of environmental pollution and are extremely inefficient. Owing to these disadvantages, several governments are implementing stringent regulations to shut down outdated power plants. Even though these plants are inactive, they need power on rent for the redevelopment process. The increasing number of outdated power plants will fuel the power rental market at a CAGR of 10.3% during 2018–2023. The market was valued at $9,167.6 million in 2017 and it is…

With the ballooning sales of electronic items, sporting goods, personal care products, and consumer goods, the demand for extrusion coatings are rising sharply across the globe. Extrusion coating materials are extensively used in the production of papers, paperboards, and packaging films, that are widely required for packaging various consumer products. Moreover, the mushrooming requirement for several types of packaging solutions in various industries is also fueling the demand for…

The MEA specialty chemicals market will grow at a CAGR of 5.3% during the forecast period (2018–2023), owing to the surging use of agrochemicals in African countries and increasing construction activities for the establishment of new commercial centers, industrial plants, and housing units. Moreover, the revival of the oil and gas industry will facilitate the market growth in the…

With rapid economic progress of Asia-Pacific (APAC) countries, their urban population is predicted to rise enormously in the coming years. This will fuel large-scale urban development in various developing nations of APAC such as India, Indonesia, and China. This rising urbanization rate will fuel the development of residential buildings, civic infrastructure facilities, education centers, healthcare facilities, and transportation centers, which will, in turn, propel the sales of…

With the mushrooming usage of paints and coatings in automobiles for aesthetic and protection purposes, their demand is skyrocketing in the Asia-Pacific (APAC) region. Moreover, paints and coatings are also being extensively used by automakers for improving the durability and efficiency of vehicles. In addition to this, paints and coatings also improve the resistance of automobiles to various environmental conditions. According to the China Association of Automobile Manufacturers (CAAM),…

The rising requirement for water treatment in several countries is pushing up the demand for flocculants and coagulants across the world. Due to the surging population levels, many countries are witnessing a sharp surge in urbanization and industrialization, which are, in turn, augmenting the environmental degradation. Moreover, with soaring industrialization, the pollution of water bodies is rising rapidly, which is, causing a massive shortage of safe and clean drinking water.

This is,…

The rapid expansion of the semiconductor and electronics industry is one of the major factors responsible for the mushrooming sales of electroceramics across the world. This is because electroceramics are extensively used for manufacturing electronic devices and semiconductors such as data storage devices, sensors and actuators, power distribution devices, and capacitors. Electroceramics are technologically feasible and have the ability to maintain economic viability and optimize size and…

The U.S. engine-driven welder market will grow at a CAGR of 6.0% during the forecast period (2019–2024), on account of the rising adoption of engine-driven welders in the mining sector and pipeline construction and maintenance operations. The mining and pipeline operations require such welders in remote locations, where there is lack of electricity supply. These factors, will therefore, help the market in escalating from $133.1 million in 2018 to…

The global plasticizers market generated a revenue of $13,967.9 million in 2018, and it is predicted to reach a value of $16,700.6 million by 2024. Furthermore, the market will progress at a CAGR of 3.5% between 2019 and 2024, as per the estimates of P&S Intelligence, a market research company based in India. As plasticizers are extensively required in the production of construction…

300–450 TBN calcium, barium, and magnesium sulphonates are being increasingly used in greases as a thickener, as they offer better water resistance, mechanical stability, extreme-pressure resistance, adequate-corrosion resistance, and anti-wear property. Additionally, the declining cost of these sulphonates, on account of improvement in manufacturing technology, has increased their preference over lithium sulphonates. Owing to the advantageous characteristics of the chemical, its usage has…

The surge in the retail organic food and beverage industry in North America and Europe is one of the major factors responsible for the growing demand for organic fertilizers. As per the data published by the International Federation of Organic Agriculture Movement (IFOAM), the demand for organic food items was primarily concentrated in the North American and European countries such as the U.S., France, and Germany, because of their high per capita income.…