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Liquid Crystal Polymer Market Will Reach USD 2,360 Million By 2030

In 2022, the global liquid crystal polymer market had a total size of USD 1,313 million, and it is projected to hit USD 2,360 million by 2030, advancing at a rate of 7.60%, during the projection period. This development of the industry can be credited to the rising demand for consumer electronic items, like tablets, smartphones, smartwatches, and personal computers, and the growing sales of lightweight vehicles.

In 2022, thermotropic type had the largest market share, of approximately 80%. This is mainly because it has brilliant thermal properties, displays superior elastic behavior, and has a low thickness. It also has working in diverse electronic items like tablets, laptops, and televisions.

During the projection period, the semiconductor & electronics category is projected to experience the fastest development, growing at a CAGR of 8.2%. This can be credited to the reduction of electronic items, and numerous features of LCPs like essential flame retardance, excellent chemical resistance, and robust strength at dangerous temp. such superior quality properties allow the use of LCPs in diverse electronic item components and parts, such as antenna substrates, chip carriers and housings, and flexible printed circuits.

In 2022, the APAC region dominated the industry, with a share of 62%, and the region is projected to lead the industry in the future as well. This growth can be ascribed to the fast growth of the electronics sector, inexpensive manufacturing abilities, a vast populace base, and technical improvements in the region.

This industry is also projected to be propelled by the rising need for semiconductor and electronic components in consumer devices and appliances, like calculators, watches, appliances, flat panel TVs, laptops, personal desktops, and tablets.

The development in the requirement for liquid crystal polymers is propelled by the acceptance of such polymers in the rising automotive sector. There has been incredible development in the making of automobiles and also the sales in industries such as China, Japan, India, and the U.S.

The worldwide trend in the market is to make vehicles to fulfill the progressively strict fuel economy orders. One of the major solutions to this puzzle is to make lightweight cars. For example, typically, a 10% decrease in vehicle weight can summon an 8.0% enhancement in fuel economy.

In the medicinal industry, MRI has been utilized in medicinal analysis and treatment of soft tissue visualization. However, procedures that need catheterization in MRI utilize X-ray to direct the catheter because of metal catheter components, which are unsuited with MRI. Such X-ray procedures expose patients and clinicians to ionizing radiation. To decrease the radiation impact, properties of LCPs such as autoclaving and high tensile forte are effective and will be capable of substituting catheter metal components.

Virtual Power Plant Market To Reach USD 12,273.3 Million by 2030

The virtual power plant market will power at a rate of 16.9% in the years to come, reaching USD 12,273.3 million by 2030, as stated by P&S Intelligence.

This is because of the increasing acceptance of cutting-edge technologies such as IoT and cloud platforms in the power sector, the increasing consciousness toward the advantages of renewable power, the availability ease of power through VPP platforms, and the growing emphasis on cost-efficiency in generation of power.

This is because of the higher acceptance of this technology in industrialized nations, as a result of direct advantages offered to end customers as incentives for varying their consumption of power; an increase in the necessity for energy consumption; and it lets users to participate in the energy load drop throughout peak demand periods with the use of VPP software and solution.

This is because of the to the high electricity sales to industrial customers; the quick industrialization in China, Brazil, India, and Indonesia; and favorable policies proposed by numerous governments concerning energy consumption.

Power evacuation infra, characterized by power transmission and distribution networks, is either outdated or insufficient. In the majority of cutting-edge countries, power transmission networks are outdated and not able to accommodate the intermittent flow of electricity supplied by renewable power projects.

Furthermore, everyday network failure and high transmission and delivery losses result in loss of revenue to power utilities. In developing nations, the transmission of power network is extremely insufficient to cater to the increasing power demand.
Furthermore, the increasing use of virtual energy units for optimal energy distribution boosts the growth of the energy in the region.

Due to the increasing awareness of advantages of renewable power, the demand for virtual power plant will continue to grow in the years to come.

Fortified Mobility Navigating the Armored Vehicles Market

The armored vehicles market will touch USD 35.2 billion by 2030, powering at a rate of 5.1% by the end of this decade. This is because of the militarization of law implementation agencies, increase in the incidence of cross-border disagreements, development in the requirement for compact, sturdy, and extremely efficient armored vehicles, and growth in the defense budgets of numerous nations.

Furthermore, the high research and development spending by the giants of the industry and government partnerships with private administrations to advance highly groundbreaking and accurate solutions for defense support the industry growth.

The U.S., the leading power, is growing its defense expenditure, having spent about 3.7% of its gross domestic product on the military in the past. The growing military expenditure gives the armed forces more freedom to buy novel armored vehicles and reinforce their land-based competences.

Wheeled armored vehicles had the larger revenue share in the past and will have the faster growth in the years to come. Such vehicles are attaining acceptance due to their better mobility, low weight, and enhanced combat competences. Moreover, the growing occurrence of hostile and terrorist attacks in urban areas generates a robust need for armored cars and other wheeled automobiles.

The defense category had the larger share in the armored vehicles market, and it will continue dominating in the future as well. This can be credited to the rising use of APCs, IFVs, LPVs, MBTs, MRAP, and tactical automobiles for diverse purposes, rising essential to protect armed forces people from mine explosions, and the robust emphasis on safer disposition of infantrymen to battlefields or risky areas.

Accelerating Convenience: Exploring the Automotive E-Tailing Market and its Impact on Online Car Parts and Accessories Shopping

E-commerce has gained massive popularity over the years. The internet and low-cost product availability or discounted prices have fetched shoppers to online platforms.The new players have entered the e-tailing landscape to sell the products through e-tailing sites or portals.

Few portals offer door-to-door delivery, installation support, and free advice to customers worldwide, and provide support through products or services, and technical expertise.

The rising popularity of Amazon, eBay, and Rock Auto boosts the automotive aftermarket industry, with rising sales of the automotive afterparts. Presently, the e-commerce automotive aftermarket industry is going through a massive transformation.

Numerous transactions are carried out on the internet concerning sales and purchases of automotive and afterparts, including electrical and electronic products, engine components, pistons, infotainment multimedia, bearings, rings, tires, wheels, valves, filters, and interior accessories. Such transactions include both business-to-business and business-to-consumer sales.

In addition, the rising disposable income of consumers, growing penetration of smartphones and the internet, including government initiatives to encourage EV road traction, and the emergence of new players in the industry boost the automotive e-tailing industry.

The passenger cars followed by commercial vehicles, led by economic development, and the per capita income rise in emerging economies propel the sales of automotive parts on e-commerce platforms. Customers prefer to buy branded and genuine products for cars and two-wheeler, due to their longer life span and stability.

The rise in the worldwide GDP, with an increase in the per capita income, results in growing sales of automotive afterparts in emerging economies, such as India, China, and Brazil.Presently, numerous startups and the emergence of new industry players in the e-commerce industry results in surging automotive e-tailing.

Moreover, government initiatives in the form of financial assistance and favorable trade policies boost online sales of automotive products and services.

North America experiences high sales of tires and wheels through e-tailing. In addition, the wide range of products, timely delivery, and hassle-free transaction propels the sale of automotive parts online. Furthermore, the presence of numerous e-retail players boosts the sales of the automated component on the portal, resulting in industry expansion.

In addition, the presence of global automotive companies, including, Walmart, and Amazon in emerging countries boost the sales of automotive parts online. Supportive government policies and 100% FDI offers new opportunities for companies to invest in emerging economies, including Brazil and India.

Browse Full Report Automotive E-Tailing Market Revenue and Demand

Safe and Smart: Exploring the Automotive Anti-Pinch Power Window System Market and its Role in Passenger Safety

Automotive anti-pinch refers to a safety technology that is used in the power windows of cars. This system restricts the winding up of the car window if it stumbles upon any obstacle in the path of the glass. The electric motor of the vehicle is equipped with a sensor that can identify the resistive force working against the glass movement. After sensing an obstacle, the motor prevents the closing action of the window to avoid any injury to a passenger or driver.

As an anti-pinch power window system is a part of vehicle safety features, rising public and government awareness about vehicle safety will propel the automotive anti-pinch power window system market at an exceptional CAGR of 12.0% during the forecast period (2017–2023). According to P&S Intelligence, the market was valued at $1,690.2 million in 2016, and it will generate $3,611.2 million revenue by 2023. For instance, the National Highway Traffic Safety Administration (NHTSA), under the U.S. Department of Transportation (DoT) mandates the installation of power windows in vehicles manufactured in the country.

In addition, the booming passenger car production will also facilitate the production of anti-pinch power widow systems globally. The International Organization of Motor Vehicle Manufacturers (OICA) states that the global automotive industry manufactured 55,834,456 passenger cars in 2020. The increasing production of passenger cars can be primarily credited to the mounting disposable income of people and the booming economy of developing countries, such as India and China. For example, the gross national disposable income of India grew from INR 1,73,15,933 crore in the financial year (FY) 2017–2018 to INR 1,92,37,943 crore in the FY 2018–2019.

In recent years, automotive anti-pinch window system manufacturers, such as Brose Fahrzeugteile GmbH & Co., Continental AG, Magna International Inc., Delphi Automotive PLC, and Robert Bosch GmbH, have focused on strategic partnerships and product launches to meet the needs of commercial vehicle and passenger car manufacturers. In contemporary times, luxury car manufacturers, such as Volvo, Mercedes-Benz, BMW, Audi, Tata Motors, General Motors, Lexus, Land Rover, Honda, and Hyundai, have become eminent users of such automotive products.

Globally, the European and North American regions collectively accounted for the majority of the share in the automotive anti-pinch power window system market in 2016. The dominance of these regions can be credited to the largescale vehicle production and export, hefty investments being made in the automotive industry, rapid technological advancements, and stringent vehicle safety norms in European and North American countries. The European Automobile Manufacturers’ Association (ACEA) states that member nations of the European Union (EU) manufactured 10.8 million passenger cars and 2.1 million commercial vehicles in 2020.

Therefore, the mounting vehicle safety concerns and the soaring passenger car production will accelerate the adoption of automotive anti-pinch power window systems in the coming years.

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.

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