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The Sweet Scent of Success: Unveiling Opportunities in the Cinnamaldehyde Market

The Population Division of the UN estimates that the global urban population grew from 4.28 billion in 2019 to 4.358 billion in 2020. Moreover, the UNDESA states that 55% of the world population was urban in 2018, and this will increase to around 66.66% by 2050. The surging urban population will facilitate the penetration of personal care products, especially among the middle-class population of Tier 2 and Tier 3 cities, owing to which the consumption of cinnamaldehyde will amplify in the coming years.

Additionally, the soaring aging population will drive the cinnamaldehyde market growth in the forthcoming years, on account of the burgeoning demand for cosmetics and personal care products among the elderly. Owing to the antibacterial and antifungal properties of this compound, it is being used in products utilized to fight tooth decay and bad breath, which are extremely common among the aging population. The UNDESA forecasts that the population of individuals aged 65 years or over will rise from 727 million in 2020 to approximately 1.5 billion by 2050.

Moreover, the rising income of people in developing countries will also facilitate the use of cinnamaldehyde in the foreseeable future. A high volume of this compound is used in food products, fragrance products, personal care items, and cosmetics, which are being consumed in large quantities in emerging economies, due to their growing income. For example, the OECD states that the gross national income per capita of Saudi Arabia, Brazil, and South Africa increased from $48,606 in 2017 to $49,497 in 2019, $14,324 in 2017 to $14,671 in 2018, and $12,781 in 2018 to $12,911 in 2019, respectively.

In recent years, the surging use of this naturally occurring chemical as an antimicrobial agent in the agriculture sector has become a prominent trend in the cinnamaldehyde market. Nowadays, the farming community is increasingly using cinnamaldehyde-based insecticides, due to their low toxicity. To cater to the demand for such insecticides, market players are exploring new ideas for the better commercialization of cinnamaldehyde-based pesticides. Additionally, this chemical has also proven to be effective in inhibiting the growth of foodborne pathogens in several food crops.

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Some of the dominant producers of cinnamaldehyde in recent times are Haihang Industry Co. Ltd., Finoric LLC, Payan Berthand S.A, Yingcheng Wuhan Organic Materials Co. Ltd., Kao Global Chemicals, Lanxess AG, ABI Chem, Jayshree Aromatics Pvt. Ltd., Mubychem Group, and Emerald Kalama Chemical LLC. These chemical companies use natural sources such as camphor and cassia, a Cinnamomum spice, and synthetic sources such as cinnamyl alcohol, acetaldehyde, and benzaldehyde to obtain cinnamaldehyde.

According to P&S Intelligence, the APAC region accounted for the largest share in the cinnamaldehyde market in the recent past, due to the boom in the population of China and India. The massive population serves as a huge customer base for personal care and cosmetic product, food and beverage, and pharmaceutical companies. Cinnamaldehyde is used as a flavoring agent in liquid refreshments, ice creams, chewing gums, and candies, and as an odor agent in cosmetics and personal care items.

Get More Details Cinnamaldehyde Market Opportunities Analysis

Clean Air and Optimal Performance: Analyzing the Growth and Applications in the Filters (Industrial and Automotive) Market

Just as lungs are to the human body, filters are to automobiles. Like other numerous parts, your automobile also depends on these filters for better performance. These filters screen the scums that could possibly hamper the performance of your vehicle.
These filters are a necessity if you want to put the medal on the pedal and want your car off and running. Your vehicle should be a showstopper and not something people laugh at. For this, you have to take care of your car’s filter.

So moving on we have-
Different types of car filters
All of the cars have mainly two types of filters: oil filter and air filter. The function of these filters is to block impurities from getting into the car. These filters need timely upkeep or cleaning to evade blockage. The blockage in the filter can hamper your car’s performance as; in that case, a passable amount of air-fuel mix will not reach the respective components.
Now let’s dive into a couple of vehicle filters.

Oil filter
An oil filter filters the physical impurities that are present in the engine oil. These filths can be in the form of metal pieces, dust particles, or any other sort of dust. Upon the working of a car engine, it has to go through all the wear and tear as a result of friction. This friction gives out cracked metal pieces, and if these are not filtered, they will additionally damage the engine by snowballing the frictional force.

When to change a car oil filter?
Well, it is not at all times possible to decide an exact time when it is the right time to get an oil filter changed. Oil filter change depends upon more than a few factors, like how frequently you drive, the type of land, and more.
Generally, air filters need to be replaced when a vehicle has run a distance between 10,000-15,000 km.

Air filter
The second filter is a crucial one for the breathability of the engine. As humans are reliant on oxygen on oxygen for life, the same is the case with any vehicle engine that depends on oxygen for its functioning. The air that spreads the engine requires to be free from all dust particles, pollens, or other pollutants.

Browse Full Report Filters (Industrial and Automotive) Market Historical Data & Forecasts

Industries Using Waste Heat Recovery Systems To Reduce Operating Costs

Waste heat is generated from the exhausts of fume incinerators, combustion engines, glass melting furnaces, and cooling water from furnaces and convective, conductive, and radiation heat losses from combustion engines and cement kilns. Waste heat is also generated from process off-gases. Heat losses in several industrial processes can be curtailed by using waste heat recovery systems. Such systems involve the capturing and reuse of waste heat for combustion air preheating, steam generation, load preheating, power generation, space heating, and waster preheating.

These end-use industries use waste recovery methods, such as waste heat wellsprings and waste recovery hardware, such as turbines, mechanical warming boilers, and heat recovery system generators (HRSGs), to meet their energy requirements. Waste heat wellsprings encompass the exchange of heat from hot gear outside and the release of hot burning gases to the environment. Waste heat can also be recovered by using mechanical heat recovery systems that include the capture and reuse of waste heat. Deployment of such systems helps in reducing operational expenses, energy consumption, and nursery gas and carbon dioxide (CO2) outflows in manufacturing facilities.

Waste heat recovery systems offered by Ormat Technologies, General Electric Company, Harbin Electric International Company Ltd., China Energy Recovery, Siemens AG, Amec Foster Wheeler PLC, Dongfang Electric Corporation, ABB Group, and Mitsubishi Hitachi Power Systems are used in pre-heating and steam and power generation applications in several end-use industries. In recent years, the soaring demand for the efficient use of available energy in order to facilitate climate protection and sustainable development, has resulted in the large-scale deployment of waste heat recovery systems in various industries.

Geographically, Europe emerged as the largest user of waste heat recovery systems in the recent past, due to the rising implementation of environmental policies aimed at curbing industrial harmful emissions in the continent. Whereas, Asia-Pacific (APAC) is expected to adopt waste heat recovery systems at the highest rate in the coming years, owing to the growth of the cement industry in the region. Moreover, the booming energy demand and toughening environmental protection regulations will also boost the usage of such systems in the region in the foreseeable future.

India Industrial Aerosol Market Driven by Extensive Government Support

The major drivers in the India industrial aerosol market are the skyrocketing investments in the research and development in the Indian manufacturing sector, extensive government support, and surging application of aerosolized products in automotive plants as well as garages and repair shops. Therefore, the sale of such products across the country will collectively fetch companies $115.85 million by 2030. The COVID-19 virus spread like wildfire, infecting millions worldwide. Because aerosols are heavily utilized in the form of paints, greases, lubricants, maintenance sprays, and cleaning products in the manufacturing sector, the demand for them was seriously impacted.

Spray paints are the most-significant application in the India industrial aerosol market share. This is largely due to the Indian population’s increased purchasing power, which is driving the demand for spray paints with an aerosol base in auto manufacturing facilities and in repair shops and garages. The spray paints category will potentially grow in the coming years because of the economic viability and versatility of spray paints. There is a rising utilization to re-spray or restore aviation and automotive components. Additionally, there is a surging application of spray paints to fill the scratches in industrial machinery.

The growth of the players in the India industrial aerosol market is essentially due to the uptick in the sales of quadricycles, two-wheelers, three-wheelers, commercial vehicles, and passenger cars. Moreover, there is a significant increase being observed in the count of vehicles produced, the Society of Indian Automobile Manufacturers says. Similarly, as per the IBEF research in 2020, car demand is predicted to increase owing to an increase in the youthful population and in the disposable income of the middle class, which would propel the demand for such products in the next years.

The manufacturing industry of the country is expanding robustly due to increased demand for consumer electronics and electronic appliances, as well as machinery and electrical equipment as per the IBEF. This will spur the India industrial aerosol market growth. Furthermore, according to government sources, substantial development has been noted in the beauty and cosmetics industry of the nation over the last several years as a result of growing per capita income, which is leading to increased personal expenditure.

The India industrial aerosol market has a fragmented nature with the existence of a large number of market players including Indian Aerosols Pvt. Ltd., Aerol Formulations Private Limited, Twin Tech India Pvt. Ltd., OKS Speciality Lubricants India, Renuka Multichem, S. S. Aerosols Pvt. Ltd., PRIME AEROSOLS, Zenith Spray And Aerosols Private Limited, Aerosol Specialities (India), and Pidilite Industries Limited to gain a competitive edge. The swift adoption of technologically advanced devices will create lucrative opportunities for the above-mentioned market players in a digitalized era.

Benzalkonium Chloride Market: Emerging Trends, Applications, and Growth Opportunities

Robust growth in the oil & gas and pharmaceutical industries will drive the benzalkonium chloride market at a CAGR of 9.6% during the forecast period (2020–2030). The market was valued at $525.0 million in 2019 and it is projected to reach $1,301.1 million by 2030. The pharmaceutical sector consumes high volume of benzalkonium chloride, as it serves as an antiseptic, antimicrobial preservative, wetting agent, solubilizing agent, and disinfectant. Moreover, affordability of healthcare services, hefty investments by governments in the sector, and rise in disposable income boost the demand for benzalkonium chloride.

Key factor driving the benzalkonium chloride market is the growth in the oil & gas industry. According to the Association of Oil & Gas Producers (IOGP), the global demand for oil and gas significantly increased in the past decade. Further, the U.S. Energy Information Administration (EIA) stated that the global consumption of petroleum and related liquids stood at 101.2 million barrels per day in 2019. Hence, the escalating consumption of oil and gas has fueled their production, which has accelerated the sales of benzalkonium chloride, as it is used as a biocorrosion inhibitor.

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Categories under the application segment of the benzalkonium chloride market include eye, ear, and nasal drops, shampoos, spermicidal creams, disinfectants, hand sanitizers, coatings, timber protection chemicals, water treatment chemicals, and aquaculture chemicals. Amongst these, the disinfectants category held the largest market share in 2019 and it is expected to retain its position during the forecast period. This can be ascribed to the rising incidence of hospital-acquired infections (HAIs) and the implementation of stringent regulations regarding the utilization of surface disinfectants in pharmaceutical and biotechnology labs, hospitals, diagnostic labs, and research labs.

North America generated the highest revenue in the benzalkonium chloride market in 2019, owing to the booming opportunities for oilfield equipment manufacturers in the region. The region is also expected to lead the market during the forecast period, due to the rise in exploration and production (E&P) activities and the increase in investments in the oil & gas industry. Moreover, the U.S. is expected to be the leading consumer of this chemical in North America in the coming years.

Whereas, Asia-Pacific (APAC) will demonstrate the fastest growth in the forecast period. This growth will be primarily supported by rapid development of the chemical industry in APAC countries. In recent years, the region has emerged as a hub for chemical exporters that have attracted major chemical companies to invest heavy amounts in the industry, especially in Malaysia, India, and Vietnam. For example, in April 2020, the manufacturer of the Dettol disinfectant— Reckitt Benckiser announced its plan to set up a production unit for Dettol in Taicang, Jiangsu province, China.

Presently, the benzalkonium chloride market is consolidated in nature, with the presence of a handful of key players like Novo Nordisk Pharmatech A/S, Dishman Group, Merck KGaA, and KLK Oleo. The market is led by Novo Nordisk Pharmatech A/S, due to its rising focus on tapping new applications. The company offers benzalkonium chloride to be used as a preservative and active pharmaceutical ingredient in creams, ointments, antiseptic agents, personal care products, wound care products, ophthalmic products, and oral, topical, and nasal drugs.

Driving Intelligence: A Comprehensive Analysis of the Global Connected Car Market

In layman terms, cars that you can connect to the internet via a wireless local area network are known as connected cars to make your life simpler. For example, you can remotely control some applications through a mobile phone and can communicate with other products. Moreover, they enable you to have real-time information and link your car with alert emergency services and dealerships in case of accidents.

What Are the Advantages of Connected Cars?

A connected car contains a range of innovative and appropriate specifications providing a range of advantages.

Provides accessibility to a range of infotainment facilities
Helps navigation system through third-party applications
Comprises up-to-date safety features to guarantee the finest road safety
Enhanced security features keep track of the car even when you are not driving it
Enables remote accessibility to a variety of functions

Such security alterations will support you in avoiding filing frequent claims against your car insurance rule. By following this method, you can also decrease your premium cost, because of the no-claim bonus facility. Connected car industry is experiencing growth and it is projected to reach USD 245,739 million by 2030.

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Working on Connected Cars

Automobile engineering businesses employ 2 systems in connected cars –

Embedded connected vehicle technology is armed with an incorporated antenna and a chipset.
Tethered system is armed with hardware that aids in connecting the driver’s mobile phone with his/her vehicle.

Additionally, a connected car can convey data, connect with other devices and provide Wi-Fi connection to the passengers and driver. Connected technology also can access telematics and is recognized to be suggestively beneficial for EVs.

Features of Connected Cars

Security

Connected cars recommend controlled driving speed and distance to caution against any problematic condition. Additionally, in a premium connected car, you can find parking sensors coupled with rear-view cameras. In many cars sensors are also deployed to measure air pressure and inform the driver.

Traffic Management

Almost all modern cars are armed with fixed GPS devices. Such devices aid with real-time traffic information to the drivers and passengers through wireless internet connections or Bluetooth. Therefore, you can dodge traffic and reach your destination on time.

V2V Communication

Coupled with vehicle-to-vehicle connectivity supports connected vehicles to communicate with one another. This shares vital information, such as speed limits traffic movement, road conditions, and other details.

Environmental-Friendly

Till today, a huge number of cars function on fuel, growing carbon emissions significantly. In this respect, a connected automobile is an improved alternative. It offers real-time information on people commuting your way waiting for a ride. Thus, you can give them a ride to bring down the carbon emission rate.

Services

Specialists forecast that connected cars will further provide a unified experience. Service stations will remotely inspect your car. The car will notify you regarding nearby parking spaces. Furthermore, enhanced driver support systems will lessen the burdens of driving, and your motor will give you information regarding hotels or restaurants between your route. Also, an electric-connected car notifies about the nearest charging points.

Charging into the Future: An In-Depth Analysis of the Global Electric Vehicle Supply Equipment Market

From $3,897.5 million in 2022, the electric vehicle supply equipment market value is projected to rise by 11.7% from 2022 to 2030, ultimately reaching $9,426.2 million, forecasts P&S Intelligence.

The growth can be credited to the increasing need for e-vehicles, government initiatives to fuel EVSE installation, and rising pollution levels. For example, China set up approximately 87,000 electric vehicle charging stations in May 2022 alone, driven by the need to clean up the air.

AC Chargers Are More Common Globally

The alternating current charger category is leading the industry. Such chargers are extensively accepted for day-to-day charging as they are less costly during installation, operation, and production.

Moreover, since they take 8–9 hours to fully charge an average EV battery, AC chargers are widely preferred by individuals for the overnight charging of their automobiles at their homes.

Number of Public Charging Stations To Grow at Higher Pace

On the basis of application, the public category is projected to grow with the higher CAGR, of approximately 12%, in the years to come. This can be ascribed to the strong commitments by governments, manufacturers, and automakers to enhance the EV charging infrastructure in numerous countries.

Currently, private chargers outnumber those accessible to the general public. This is because most EV owners prefer to have chargers, majorly the slow AC variants, at their homes, partially because the number of publicly accessible chargers is grossly low compared to the demand.

APAC Is Largest Revenue Generator

APAC is the biggest revenue contributor to the market, and it is projected to continue its dominance, with a worth of $4 billion by 2030. This is due to the increasing pace of technological enhancements and snowballing government and private expenditure for charging infrastructure betterment in the region.

Furthermore, the growing environmental concerns and declining TCO of EVs are propelling the demand for electric vehicle supply equipment in the region.

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Growing Requirement for Water Treatment Boosts Biocides Industry

The biocides market is projected to rise in the near future, driven by the growing requirement for water treatment and the surge in the usage of biocidal products such as petrochemicals, homecare products, personal care, paintings, and coatings.

Biocidal products can be defined as the active substances for destroying, rendering harmless, deterring, or forces a controlling effect on harmful organisms by chemical or biological mediums. These products act as preservatives disinfectants, or pesticides, depending on their characteristics.

The halogenates are projected to generate the highest sales revenue in the biocides market, ascribed to the burgeoning requirement for water treatment. In addition, under the application segment, water treatment captures the largest share of the biocide’s industrial revenue, ascribed to the high demand for water treatment and potable water for both residential and industrial applications. It is projected to showcase significant sales in the coming years.

Moreover, APAC is projected to generate extensive sales revenue to the biocides industry, ascribed to the growing demand for water treatment in China, India, and other Southeast Asian countries for residential and industrial applications. The rise in the manufacturing capacity of the APAC nations leads to the expansion of the halogenates industry.

Several regulations and laws are enacted worldwide to control the usage of biocidal products. The European Union has implemented the biocidal products regulation (BPR), similarly, the U.S. FDA has also implemented several laws and regulations to monitor the application of the biocidal product, along with their active substances. It has resulted in a rise in the supervision level, and a ban on several biocidal products caused of their carcinogenic or mutagenic nature.

The growing demand for biocides for the preservation of varying types of consumer products, such as healthcare products, homecare, and water treatment for both residential and industrial purposes boost the market. Besides water treatment, biocidal products are widely used for equipment disinfection in the production, transportation, and storage of water.

Biocides are capable of preventing the growth of harmful organisms, such as protozoa, and bacteria as they act as antifouling or disinfectant agents. The major application of the biocides is at waterworks for maintaining microbiological quality before and during the distribution of water. It involves ensuring the acceptable microorganisms count level in the water and killing the rest pathogenic microorganisms.

The macro-economic progress of several countries and the rise in the disposable income of the people drive the demand for biocides. These products are highly used as preservatives, disinfectants, and sterilant in consumer products for alleviating microbial growth, resulting in bolstering demand for consumer products and resulting in extensive sales. In addition, the worldwide rise in the population fuels the demand for consumer products, resulting in the massive consumption of biocides.

Tire Market on the Move: Opportunities and Challenges in Europe Automotive Industry

The European automotive tire market is experiencing a growth, which can be credited to the development of the European automotive sector and also the surge in the replacement rate of tires because of the better durability of vehicles.

Based on vehicle type, the industry is divided into several categories, including passenger cars, heavy and medium commercial vehicles, light commercial vehicles, and two-wheelers.

Between these, the passenger cars category had the largest share, on the basis of sales in the past. This can be credited to the surging sales of tires because of the growing demand for SUVs and CUVs in the region. Such a hike in sales of CUVs and SUVs is a major reason for the growing demand for automotive tires in the region.

On the basis of type, the European market has been divided into summer, winter, and season tires. Among these, the all-season tires had the largest share in the recent past. This dominance can be credited to their ability to be used throughout the year regardless of the season. Winter tires are way costlier than the other tires, as they are only used during heavy snow, and as the technology of all-season tires is improving, the need for winter tires is reducing.

The European automotive tire market is divided into France, the U.K., Germany, Italy, Spain, the Netherlands, Belgium, Poland, Switzerland, and other parts of Europe. In these Germany held the largest share in the past, and is projected to continue its dominance in the years to come. Germany is a hub of vehicles, with most passenger cars are produced and sold, the country holds the largest passenger car customer base, which in turn propels the demand for tires.

Europe is home to several global automobile parts and vehicle manufacturers and is one of the largest automobile industries. The future of the industry in the region looks very bright, with the development of new technologies including, electric and autonomous vehicles, and varying likings of the younger generation and millennial customers.

Moreover, stringent guidelines of the European Union and increasing demand for eco-friendly tires will drive the market in the future. In addition, with the presence of a huge customer base, infrastructural development, the presence of a skilled workforce, and local and state government support, Europe is one of the most promising automobile markets all over the globe.

Therefore, the growing number of vehicles on European roads, increasing demand for eco-friendly tires, government initiatives, and the growing demand for SUVs and CUVs in the region will drive the demand for automotive tires in the future.

Impact of COVID-19 on the Europe Automotive Tire Market: Challenges and Opportunities

Increasing Government Investment in Public Transportation to Boost the U.S. Bus Market

The U.S. bus market size stood at over $7,453 million in 2021. This will increase to about $11,238 million by 2030, propelling at a growth rate of about 5% in the years to come.

This can be credited to the quick urbanization and rising population, together with the cumulative government outlay on the upgradation of vehicles for public transport. Furthermore, the obtainability of local, state, and centralized funding and the large count of school buses help the market to grow.

The school buses had the largest share of revenue, approximately 55%, in the U.S. bus market in 2021, and will continue the same trend also in the near future. This is for the reason that these buses are the main form of mass transportation in the U.S. Nearly 480,000 school buses were on the roads in 2021 in the U.S., more than transit buses roughly 7 to 1. Additionally, the surging acceptance of e- buses for school helps the market growth in the U.S.

Public transportation can advance traffic safety, active transportation, air quality, and accessibility, along with personal health assistance. Public transportation makes use of less fuel and produces lower volatile organic compounds, carbon dioxide, and carbon monoxide per passenger mile as compared to private vehicles.

Accompanied by environmental assistance, it has considerably lesser crash rates and lesser severity of crashes than personal travel. Commuting by public transportation is a lot safer than commuting by personal vehicle. Furthermore, people can minimalize the chance of an accident by over 90% just by taking public transport compared to a car. These factors help in improving the growth of the U.S. bus market significantly.

Electric buses will grow at the highest rate of approximately 30%, in the years to come, regarding revenue. This is for the reason that the penetration of e- buses in the U.S. was about 2% of the total bus sales of the country in 2021, and the share of e- buses in public fleets is steadily increasing. Additionally, numerous public transport agencies have signed contracts with e- bus manufacturers for obtaining electric buses.

The California bus market has the largest share of approximately 12%, in 2021, in the country. This is because an enormous population demands effectual transport systems. Furthermore, California is a hub of new e- bus programs. The California Air Resources Board, a subsidiary of the California EPA, assistances the implementation of state-wide clean air standards by backing state-of-the-art emissions reduction projects, like CARBS’ Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project. This in turn gives a boost to the U.S. bus market.