Booming Cosmetics Industry Driving Demand for 1,3-Butylene Glycol in Asia-Pacific

With the expansion of the cosmetics industry, the demand for 1,3-butylene glycol is rising sharply across the world. This is because the compound is heavily used as a humectant in cosmetics, due to its ability to be used as viscosity-decreasing component. In addition to this, the compound fixes volatile compounds such as flavors and fragrances in cosmetic formulations, which, in turn, stabilizes them, assists in aroma retention, and prevents the spoilage of cosmetic formulations by microorganisms.

Rising Demand for Fuel-Efficient Vehicles Propelling Sales of Biocomposites

The growing requirement for fuel-efficient automobiles that meet government standards such as the European Union (EU) mandate for limiting the emission of CO2 to 95g/km by 2020 and the CAFÉ standards of 54.5 mpg by 2025) is pushing up the demand for biocomposites across the world. These materials are lightweight and massively reduce the reliance on various non-renewable resources such as the conventionally used petroleum-based polymeric plastics that are fossil-fuel materials.

Rising Application of AI in Technologies Utilized in the Pharmaceutical Industry Boosts Market Growth

The increasing application of artificial intelligence in technologies used in pharmaceutical drug development to patient care is anticipated to drive the growth of AI in the medical devices market. Additionally, the rising number of collaborations of the leading AI providers and healthcare companies is projected to result in the rapid introduction of AI in medical devices and drug development.

Increasing Consumer Demand Grows Smart Keys Market

Growth dIncreasing Technological Advancements, Changing Customer Preferences and Awareness About Safety and Security of Vehicles to Drive Market Growth. Smart keys market is projected to grow with a moderate CAGR through 2029,  due to increasing demand for automobiles, rising disposable income, changing customer preferences and awareness about the safety and security of vehicles.

Anti-Counterfeit Pharmaceutical Packaging Market Growing From Increased Counterfeit Medicine Industry

The anti-counterfeit pharmaceutical packaging market is expected to garner a sizeable revenue and record a significant CAGR over the forecast period, i.e., 2021 – 2029, owing to the increasing incidences of counterfeit medicines, advancement in technology of drug packaging, and the rising demand to counter the sale of fake pharmaceutical products.

Electric and Hybrid Vehicle Production Driving Global Brake Friction Parts Market

The demand for brake friction would be fueled by an increase in vehicle production. In the near future, the electric and hybrid vehicle segments are expected to drive demand for brake friction. Eco-friendly and Non-Toxic Brake friction products would be new growth areas. The brake disc and brake pad segments of the brake friction (OE) market are expected to be the fastest growing and highest, respectively.

Alternative Energy Vehicles Driving the Global Automotive Inverter Market

The increase in adoption of alternative energy vehicles, as well as rising concerns about green house gas emissions, are driving the global automotive inverter market. However, considerations such as the scarcity of charging resources stifle overall business expansion. The automotive inverter market research offers a comprehensive view of the technology and materials used in its production.

Increasing Demand for Energy Efficient HVAC Equipment

The HVAC equipment market is projected to grow at a notable CAGR during the forecast period, i.e., 2021-2029, on the back of rapid urbanization and the rising trend of smart homes and work spaces. The unpredictable changes in weather and the rise in temperature are another factor projected to promote the usage of ventilation and cooling equipment, which in turn is anticipated to boost growth.

Cyber Criminals Stealing Billions

The Global Online Payment Fraud Market accounted for $4.6 billion in 2019 and is estimated to be $ 18.6 billion by 2029 and is anticipated to register a CAGR of 15.0%. Online payment scam is an illegal operation, which occurs via the internet. The cyber-criminals have created several methods to misuse and steal important information.

Rising Number of Micro-Hospital Healthcare Facilities to Drive Refurbished Medical Equipment Market

The market for refurbished medical equipment and accessories is projected to grow at a notable CAGR during the forecast period, i.e., 2021 – 2029. Increasing number of healthcare facilities is one of the major factors anticipated to bolster the growth. Growing patient pool, ease of purchase of refurbished medical devices and rising demand for diagnostic equipment drive market growth.

Aviation Biofuel Propels Market Upward

Aviation biofuel is an environment-friendly alternative for traditional jet fuel used in the aviation industry to reduce its massive carbon footprint.  According to an article published by the World Economic Forum on November 17, 2017, aircraft burns 1.5 billion barrels of jet fuel every year and is liable for 12% of all transportation carbon emissions and 2% of global carbon emissions.

Advancements in Technology Develop Leukemia Therapeutics Market

The statistics portray the growing concern for leukemia, which is also raising the need for the effective treatment of the disease. Leukemia, which is a type of cancer disease, is known to affect the lymphatic system and hampers blood cell formation. In the statistics by the World Health Organization, the global cancer burden in the year 2018, rose to 18.1 million new cases and 9.6 million deaths.

Perimeter Security Market Provide Security and Surveillance Against Crimes and Terrorism

The investments for security and surveillance, which forms one of the key focused areas in the smart city development project, has increased significantly around the globe on the back of the growing concern for crimes and terrorism. There is a growing need for deployment of perimeter security solutions to enhance the security and surveillance of the area, and in turn the growth of the market.

Parenteral Nutrition Feeding the Market

Parenteral nutrition is the intravenous administration of liquid nutrients into the patient’s body. This procedure is used in a medical condition where there is obstruction of the gastrointestinal tract and as a result, the patient is not able to get enough nutrients from food by oral means.  This leads to malnutrition owing to a lack of sufficient nourishment in the body.