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Isostearic Acid Market Will Touch USD 463.2 Million in 2030

The isostearic acid market was USD 296.7 million in 2023, which will rise to USD 463.2 million, powering at a CAGR of 6.7%, by 2030.

This acid is significantly employed in pharmaceuticals, coatings, cosmetics, food & beverages, and various other sectors. Therefore, the increasing requirement for cosmetic and personal care products, mainly in APAC and Europe, is likely to have a positive impact on this industry.

An expanding supply of effective raw materials, mainly oilseeds, will boost the supply of this chemical. It is generally made from oleic acid, an unsaturated acid type. The main raw materials for oleic acid comprise rapeseed oil, soybean oil, sunflower oil, beef tallow, palm oil, and safflower oil.

As ingredients for personal care items, many chemical esters, involving monostearate, glycerol, isopropyl isostearate, and isostearate, are made from C18H36O2. Therefore, it is an essential element of personal care products like moisturizers, lipsticks, sun protection creams, and hair dyes.

The chemical esters category, on the basis of application, was the largest contributor to the isostearic acid market. Moreover, this category will remain the largest in the years to come. Chemical esters are employed in plasticizers as well as pigment adhesion promoters because of their improved dispersion, low residue formation, and quick absorption.

These factors aid in producing chemical esters a major intermediate material in personal care as well as industrial applications.

As a result, isostearic acid is extensively used in cosmetics, sun protection creams, haircare & baby care products, and liquid soaps. Its oxidation, as well as odor strength, assist in its application in personal care goods needing a greater shelf lifespan.

Europe was the largest contributor to the industry, mainly because of the surging cosmetics demand, coupled with the increasing use of biobased lubricants. In this regard, stringent environmental guidelines to decrease greenhouse gas levels in the environment will positively affect this industry.

APAC is also advancing at a significant pace, because of the increasing need for personal care items, primarily in emerging economies like India, Indonesia, and China. This can be because of the rising per capita disposable salary of the middle class, along with the mounting populace in India and China.

With the surging need for cosmetic and personal care products, the isostearic acid industry will continuously advance in the coming years.

What is Automotive Ethernet? Everything You Need to Know

Today’s automobiles are producing and transmitting huge quantities of data in order to execute advanced driver assistance systems, cameras and sensors, onboard diagnostics, smart safety systems, and in-vehicle-infotainment systems. Such in-vehicle networks need much quicker speeds than what has historically been possible utilizing buses like LIN, CAN/CAN-FD, PSI5, FlexRay, SENT, and CXPI networks.

Also, the need for better integration between vehicle subsystems is propelling fundamental architectural changes with a focus on scalable architectures and complex topologies, including gateways connected to a backbone.

Beyond the technical needs, such in-vehicle networks are also required to be cost-effective, light in weight, and work in rough conditions and extensive temperature ranges. They also require to be tremendously dependable, especially for systems made to protect the security of the passengers.

Automotive Ethernet answers all of these demands.

The automotive ethernet market is witnessing growth and is projected to reach USD 10 billion by 2030.

What is Automotive Ethernet?

Vehicle Ethernet is a low-latency, high-speed network physical layer. Vehicle Ethernet is based on recognized ethernet standards, and modified for use in automobiles. It utilizes a single pair of unprotected twisted cables for lightweight and low price.

It is made to permit the transfer of high volumes of information between in-vehicle modules to aid contemporary powertrain, ADAS, comfort, and infotainment systems. There are numerous different automotive ethernet standards, such as 10GBASE-T1, 100BASE-T1, and 1000BASE-T1, which can transfer information at speeds from 100 Mb/s to 10 Gb/s.

Benefits of Automotive Ethernet

In vehicles, automotive ethernet components provide numerous advantages, including:

High data rates allow high-speed, high-capacity data communications

Low latency offers negligible delay for real-time systems such as ADAS
High dependability with good noise immunity
Light in weight, space-effective, and lucrative cabling
Based on deep-rooted standards from reputable standards bodies

Moreover, automotive ethernet has been proven to meet the needs of both capacity and integration. For the purpose of achieving high data rates and reliability, automotive ethernet cables shall use PAM3/PAM4 modulation as opposed to nonautomotive Ethernet.

In the short term, however, automotive Ethernet can transport data approximately 100 times more rapidly than a bus and is better suited for future vehicle networks that will need to be capable of meeting their needs in terms of both performance and flexibility. The CAN, CANFD, LIN, and other networks are still relevant but they may prove less important in the next few years.

Automotive Ethernet Standards

As new workings for automotive Ethernet developed and speeds became quicker, standards establishments released new test and compliance needs that automotive makers and their suppliers should meet. To ensure the interoperability of hardware and the safe, predictable operation of the vehicle in different situations and working conditions, severe restraints are placed on noise, signal levels, and clock characteristics.

The testing methods specified by the standards, though deep-rooted for stationary Ethernet networks have made new design challenges for numerous automotive engineers familiar with working with slower serial buses like CAN and LIN.

Browse detailed report on Automotive Ethernet Market Size, and Business Strategies

How Is Food Preservative Industry Supporting Chitosan Market Growth?

Factors such as the rising consumption of chitosan in the biomedical, wastewater treatment, agrochemical, food and beverage, cosmetic, and bioplastic industries and increasing research and development (R&D) activities being carried out in this compound are expected to facilitate the chitosan market growth during the forecast years (2021–2030). According to P&S Intelligence, the market was valued at $1.8 billion in 2020. Chitosan refers to biodegradable and non-toxic sugar, which is derived from the hard outer skeleton of crab, shrimp, and lobster.

In recent years, the increasing shift of the food preservative industry from formalin to chitosan has become a major trend in the chitosan market. Food preservatives are added to perishable food products to extend their shelf life. Consumption of formalin-based preservatives leads to the occurrence of cancer, lung diseases, and skin ailments. Owing to the harmful effects of formalin, chitosan is being increasingly used as a food preservative by food and beverage companies. Moreover, the higher biocompatibility of chitosan than formalin will also fuel its use as a food preservative in the coming years.

Currently, the prominent players in the chitosan market, such as Primex ehf, KitoZyme LLC, FMC Corporation, Axio Biosolutions Private Limited, Bio21 Co., Heppe Medical Chitosan GmbH, Meron Group, AgraTech International Inc., and Marshall Marine Products Private Limited, are focusing on product launches to consolidate their position. For instance, in April 2020, Axio Biosolutions Private Limited introduced a next-generation chitosan-based wound dressing named MaxioCel. This dressing offers high comfort and rapid healing to patients suffering from skin abrasions, pressure ulcers, venous leg ulcers, diabetic foot ulcers, post-surgical wounds, cavity wounds, and donor site wounds.

Geographically, Asia-Pacific (APAC) held the largest share in the chitosan market during the historical period, and it is also expected to demonstrate the fastest growth throughout the forecast period. This can be attributed to the chelating feature of chitosan, which makes it ideal for the treatment of heavy-metal-laden industrial effluents. Moreover, the increasing R&D activities being conducted in chitosan and the surging incidence of chronic diseases will also augment the market growth in the region in the forthcoming years.

Thus, the rising consumption of chitosan in the biomedical and food and beverage industries will support the market growth in the upcoming years.

Innovative Impressions: Navigating the Trends in the Printed Electronics Market and Future-Ready Applications

Electronics are manufactured with the help of silicon or other semiconductor materials for a fairly long time. The process is complex as well as time-consuming. However notable miniaturization, high-performance and low power is attained. Instead, making flexible silicon-based electronics is not that easy either.

For addressing this issue, a new tech has arisen, the printed electronics. This blog will provide some valuable info on this tech, concentrating on how it can be used in practical applications.

What on Earth are Printed Electronics

Talking of printed electronics tech, it is a novel way to produce electronics, with the use of standard graphic arts printing procedures, for example screen printing, flexography and inkjet printing, numerous electronic devices and circuits can be fabricated on unconventional substrates. Nearly any material can be put to use for this purpose, be it plastic, paper, and textiles.

These sorts of next-gen electronics can be ultra-thin, stretchable, flexible. Furthermore, printed electronics make use of a simple and cost-efficient low-temperature manufacturing procedure and are compatible with automated mass production printing by the roll-to-roll principle.

Creation of Hybrid Electronics

It will be rally tough for printed electronics to compete with conventional silicon-based electronics in terms of reliability, performance, and capability to handle intricate designs. But the possibility of inserting electronics in any object and that too at a low cost seems an enticing prospect. So, the printed electronics are seen as a complementary tech for the conventional electronics.

This understanding inspires the formation of hybrid electronics. These can have the best qualities of the two. Such a hybrid system comprises a single or numerous silicon ICs for computational power and wireless communications, and sensors, actuators and possibly display manufactured with the printed electronics tech. The system can moreover be integrated on a flexible substrate all together or split in a flexible or rigid part.

What are the Applications of Printed Technology?

It is because of all the unique characteristics; printed electronics can bring about new possibilities for numerous attractive applications that are either not practicable or not a perfect for the silicon-based electronics. Printed sensors are perhaps the most popular in the printed electronics and various sensor can be manufactured in all shapes and sizes on thin foils. Strain, force, humidity and gas sensors are some instances of the sensors.

Useful for IoT

Internet-of-Things products in healthcare, retail, wearables, industrial and consumer applications are remarkably benefitted by with the use of printed sensors.

An example of this is a fall detection system, equipped with sensors embedded under the floor in housing units for aged people and assisted living facilities. This system is able to monitor the position of the people and movements in a room and sense instances when the help of the caregivers is required on an urgent basis

Coming to a Conclusion

It is because of the growing consumer electronics industry all over the world, the demand for printed electronics is on the rise. This trend will continue in the future as well, and the total value will reach USD 42.4 billion, by the end of this decade.

Corrugated Boxes Market Will Reach USD 359.6 Billion By 2030

The global corrugated boxes market is projected to be worth USD 359.6 billion by 2030, growing at a CAGR of 4.6%. This development can be credited to the increasing requirement for light in weight and easy packing solutions across diverse sectors.

The surge in the acceptance of corrugated boxes in comparison to other padding solutions, like self-retention packaging, sealing boxes, and plastic boxes, is primarily because of the rising concerns over their sustainability in the value chain.

As corrugated material used is simple to recycle, it is experiencing a high requirement for wrapping applications. Furthermore, retail-ready packaging saves time and labor expenses. Other benefits comprise its ecological nature and lesser price compared to other items, which continue to propel the industry worldwide.

Usually, packing is likely after use, which has directed to a huge surge in the quantity of waste in landfills, therefore resulting in damaging ecological effects. However, builders have now initiated using cutting-edge technologies for slicing and compaction, which aid in the reprocessing of such boxes.

In 2022, the C category held the largest Corrugated Boxes Market share, at approximately 40%. This flute kind discovers high utilization in corrugated boxes for shipping aims, mainly for the padding of glass items, dairy items, furniture, and motorized components.

For example, industry companies offer these boxes for the wrapping of engines, windshields, metallic body pieces, car headliners, and airbags. Such boxes can be loaded and have a better compression forte as they feature a corrugated medium that is rather thick.

One of the major reasons propelling the industry is the development of the wrapping sector worldwide. The surge in the requirement for manufactured goods, ranging from television sets and smartphones to consumable items, like candies, has boosted the requirement for corrugated material, particularly corrugated boxes, for storing and transport drives, credited to their high physical strength and crush resistance.

Furthermore, with the surge in the standard of living, particularly in Brazil, China, and India, there has been a surge in the requirement for items like electronics, cosmetics, and food and beverages. Corrugated boxes are typically suggested for shipping such items, as they are pressure-resilient and more solid than regular cardboard wrapping.

Last Mile Delivery Market Will Reach USD 121.2 Billion by 2030

The last mile delivery market was USD 27.1 billion in 2022, and it will reach USD 121.2 billion, propelling at a 20.6% compound annual growth rate, by 2030.

The progression of the industry is mainly attributed to the surging utilization of omnichannel retailing, as well as the significant increase in internet penetration in emerging economies, including Thailand, Indonesia, and India.

In 2022, the B2B category, based on service, dominated the industry, with approximately 50% share. This can be attributed to the fact that it provides numerous advantages to online retailers to attract B2B consumers, for instance, decreased delivery time, easy options of payment, doorstep delivery of heavy parts, heavy discounts on bulk buying, and decreased management expenses.

The B2C category will observe faster growth in the years to come. This is because of the shifting customer purchasing behavior, growing technical knowledge about the utilization of online platforms and smartphone apps, and, development in organized and omnichannel retailing.

Based on application, the e-commerce category will observe the fastest last mile delivery market growth, propelling at approximately 20% CAGR, in the years to come. This is because of the growing customer base, customers’ expectations for fast and free shipping, demographic shift, and competitive pricing. Therefore, businesses are now focusing on overcoming the challenging delivery schedule of conventional logistics.

A major trend being observed in the industry is the implementation of autonomous vehicles for delivery. AI is a major technology for autonomous driving systems, as it is the only tech that allows real-time and reliable object recognition around automobiles. The implementation of autonomous vehicles will significantly decrease delivery expenses, therefore driving the e-commerce sector growth.

In 2022, the North American industry accounted for a significant share, generating USD 9 billion. This is because of the high rate of adoption of advanced technologies in the continent, as well as the rising rate of efficiency expected by last-mile delivery.

Automotive Manufacturing Equipment Market Is Driven by the Increasing Number of Electric and Hybrid Vehicles

The automotive manufacturing equipment market is around USD 6,810.5 million in 2023, and it will advance at a rate of 11.3% by the end of this decade, to touch USD 14,260.4 million by 2030.

This is credited to the fast-growing vehicle requirement and the growing acceptance of robotics and automation technologies for coping with the booming automotive requirement.

In the tech world, industries are shifting from conformist methods to cutting-edge production technologies, such as ML and AI. These technologies are there in the entire automotive industry, helping it to meet the requirement for vehicles on time.

These similarly help control systems and communicate with other apparatus so there is no effect on the work. Numerous organizations have accepted AI and advanced technologies, because of their several benefits, to advance quality, help meet the requirement on time, boost the supply chain, and operate functions easily.

The robot category will have the fastest growth, about 12.5%, in the near future. In the vehicle manufacturing sector, robots are the most significant part of manufacturing processes because they work in the best way with enhanced task management. Also, robots can continually do tasks with quality, high consistency, less error rate, and greater productivity.

The automatic category will grow at a higher rate in the automotive manufacturing equipment market, of about 11.5%, in the years to come. In the automobile industry, automatic technologies are accepted extensively because of their efficiency of work, high quality, and supreme productivity.

Similarly, automatic manufacturing technologies can achieve tasks without the participation of humans, as a result of which the production cost is reduced with supreme production output. Additionally, these technologies support in making the production facilities more advanced and efficient.

Growing Automotive Sector Boosts Automatic Number Plate Recognition System Market

The automatic number plate recognition system market is estimated to generate USD 3,219.9 million in 2023, which will touch USD 6,010.8 million, propelling at a 9.5% compound annual growth rate, by 2030.

The growth of this industry is because of the increasing usage in agencies, such as parking, toll plazas, traffic management, and police force; the growing automotive sector; and the rising trend for pay-per-use roads.

Moreover, the high capital funding mainly in developing countries, coupled with the increasing acceptance of advanced systems and technology by different governments to control traffic, also boosts the industry.

Automatic Number Plate Recognition System Market

In 2022, the fixed category, based on type, was the largest contributor to the industry, and it will remain the largest throughout this decade. This can be because of the increasing utilization of these systems for traffic management and the rising transformation in road infrastructure.
In 2022, the hardware category, based on component, was the higher contributor to the automatic number plate recognition system market, and it will remain the higher during this decade. This can be because of the arrival of IoT devices into hardware and the speedy incorporation of hardware parts into cloud-based software solutions.

The electronic toll collection category, on the basis of application, is likely to advance at the highest rate during this decade. This is primarily because of the fact that it is an effective tool for tolling systems.

In 2022, the government category, based on end user, led the industry, and it will remain leading throughout this decade. This can be because of the rising count of government infrastructural projects, coupled with the increasing acceptance of developed technologies by public safety agencies.

Navigating the Dicyclopentadiene Market Landscape

The dicyclopentadiene market will touch USD 1,373.9 million, propelling at a 5.3% compound annual growth rate, by 2030.

The growth of the industry is mainly because of the increasing utilization of dicyclopentadiene for resins, polymers, and various other specialty chemicals. Furthermore, because of its extremely reactive nature, it can be utilized as an intermediate for the production of various performance chemicals utilized in packaging, automotive & marine, and building & construction industries.

In recent years, the UPR category, based on type, accounted for the largest industry share, and it will generate USD 644.8 million, advancing at approximately 5.4% CAGR, by 2030.

The UPR grade is a key element in the production of coatings, varnishes, paints, rubber, pesticides, adhesives, insecticides, and other products. This is attributed to the fact that it comprises lesser trimers and co-dimers, displays enhance color characteristics compared to other resins and has better functional and mechanical properties.

Whereas, the high purity category will observe the highest growth, of 5.7% in the years to come. This is because of the increasing requirement for specialty & fine chemicals.

The hydrocarbon resins category, based on application, will observe the fastest dicyclopentadiene market growth, of approximately 5.7%, in the years to come. The main applications of hydrocarbon resins are labels, hot melts, and PSA tapes. These intermediates are also utilized as a tackifier during the production of products such as printing inks, paints, adhesives, rubbers, and coatings.

Based on industry, the building & construction category accounted for the largest share, in the past few years. Furthermore, it will generate a revenue of USD 328.7 million, propelling at a 5.3% CAGR, by 2030.

In the past, APAC accounted for the largest dicyclopentadiene industry share, and it will advance at a 5.4% compound annual growth rate throughout this decade. This is because of the increasing requirement for this chemical in the plastic and resin sector in this continent.