Market Research Blog – Page 15904 – New Product Development

Automated People Movers Comply with Social Distancing Norms amid COVID-19 Crisis

Over the last couple of decades, the frequency of air travel has increased significantly, due to rising affordability of airfares, enhanced convenience in terms of time and better connectivity. Today, the growing implementation of e-passport, and air tourism is soaring. Due to this, airport authorities are constantly investing in passengers’ convenience within and between airline terminals, and airport security.

In addition, airport authorities are incorporating advanced transit technologies, including automated people movers, to provide seamless passenger experience, and reduce passenger traffic congestion. By leveraging civil engineers, architects, and cutting-edge technologies, airport authorities are implementing infrastructural development in several airports worldwide.

Automated people movers have become an essential component of airport expansion projects. For instance, the Civil Aviation Administration of China (CAAC) is planning to build 216 new airports. Automated people movers help in alleviating traffic bottlenecks around passenger terminals as well as relieve traffic congestions in the immediate airport vicinity. Further, several new automated people mover systems have been planned, such as the Los Angeles International Airport’s 2.25-mile automated people mover, which will connect three on-airport stations to transit services and metro rail.

The Los Angeles International Airport (LAX) has planned to implement the automated people movers at the airports by 2030. Implementation of such advanced transit systems will help in easing off traffic congestions, which coincides with the social distancing norm to break the coronavirus (COVID-19) pattern. Also, it will streamline travel operations as well as reduce carbon footprint of the airports.

The COVID-19 pandemic is having a profound impact all over the world, with the immediate affect on the humankind. Contagion risk and reduced demand have caused a notable decline in transport services worldwide. The aviation industry has collapsed, grounding a considerable portion of the world’s airline fleet. This, in turn, is adversely affecting automated people mover market. To address this situation, market players are devising distinctive strategies to improve their business resilience.

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Existing Ecological Concerns to Pave the way

Environmental issues have been a critical area of concern over the past few decades in the airports, globally. Automated people movers ward off the problems of growing transit deficits, and air pollution. With easier capacity and boarding flexibility, airports across the globe are embracing automated people mover technology.

In April 2019, the Delhi International Airport Limited (DIAL) in India has approved a route of an automated people mover project. The project will provide a smooth transit facility to staff and passengers between terminals.

In December 2019, Bombardier Transportation received a contract from a collaboration formed by Chinese joint ventures for the Beijing Capital International Airport. The objective of the contract is to provide rolling stock, signaling, and automated people mover services for airports across the country.

Automated People Movers – A Cost-effective Solution

Effective transportation system is a key necessity to enable sustainable movement of people. In terms of operational efficiency, automated people movers are relatively more technologically advanced transit systems compared to conventional transportation models.

The operational costs are a key factor for operators as well as passengers. As automated people movers are equipped with optimum design solutions and smart technologies, they require low capital investments. Also, automated people movers operate on cable population mechanisms and electric power, leading to low operational costs. Maintenance activities hold a major share in the total cost of transit systems. Effective and reliable design solutions of automated people movers require low maintenance costs.

Players in automated people movers market are focusing on providing customized solutions as per client requirements. Furthermore, they are developing products with less operational costs. Majority of the players such as Mitsubishi Heavy Industries Ltd., Bombardier Inc., and Siemens AG are expanding their sales footprint in the developed regions to gain competitive advantage.

Passenger Preferring Automated People Movers for Short Journeys

Evolving passengers’ expectations, over the last few years, are accenting for the need of reliable, fast, and cost-effective solutions. Automated people movers are an extremely viable option, as they ensure maximum availability of passenger room, and provide minimal headways. In addition, they generate lesser noise compared to conventional transportation systems. Urban transit systems are highly congested and require compact solutions to reduce travel time. Automated people movers come with compressed structures that provide an additional benefit of handling traffic congestion problems. As such, they are gaining greater preference among passengers for short distances

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Advanced Technologies to Drive Industrial Electronics Packaging Market Growth Through COVID-19 Pandemic

The demand for industrial electronics packaging is closely associated with the growth of different industrial activities. Thus, the steep decline due to the coronavirus (COVID-19) pandemic is hampering the demand for packaging solutions. Customers are stockpiling industrial electronics products, causing disruption in the supply chain, which is offsetting the demand. Further, heavy duty corrugated packaging for e-commerce deliveries is also witnessing reduced demand.

Players in the industrial electronics packaging market needs to brace themselves for second-wave of the COVID-19 crisis. While crude oil prices have fallen, cost of oil-based raw materials such as plastic resin for packaging is poised to fall. Cross-border trade closures are compelling companies with extended supply chains to overhaul equipment manufacturing.

Demand for sensitive and fragile industrial electronic products in various end-use industries will rise, albeit steadily. This will accent the need for all-weather protective packaging. In order to stay ahead of the curve, manufacturers will leverage the Internet of things (IoT) market with the advent of Industry 4.0. Digitalization will continue to transform the packaging industry, and will boost the scope for implementing IoT for offering sophisticated industrial electronics packaging solutions.

Manufacturers Stepping up Product Performance with IIoT-driven Pneumatics

Pneumatics is widely deployed in the packaging machines for equipment such as grippers and sealers, pneumatic actuators, and pick-and-place machines for material handling. With the advent of the Industrial Internet of Things (IIoT), packaging OEMs are exploring significant prospects to enhance operations of pneumatics. This will help end users in improving energy efficiency, cut downtime and maintenance costs, and enhance safety.

Moving forward, IIoT-driven pneumatics provides extensive information to the industrial electronics packaging companies about the operational performance of the packaging lines and equipment. Preventive and predictive maintenance programs are crucial in maximizing the returns on investment (ROI) and handling equipment life cycles economically. IIoT-driven pneumatics helps in enhancing the overall equipment effectiveness (OEE) of production equipment.

IIoT sensors allow technicians to predict possible equipment deformities within few milliseconds, thus avoiding unplanned downtime on the packaging lines. Influenced by the umpteen advantages of IIoT-driven pneumatics, players in industrial electronics packaging are heavily investing in R&D activities to meet the ever-changing needs of end users.

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Players Rethinking their Strategies with Smart Packaging Solutions

Smart elements in the packaging are immensely improving the customers’ experience. In keeping pace with the rising trend of IoT, active smart and intelligent packing is becoming the new standard in the manufacturing industry.

Smart packaging for industrial electronics includes everything from external packaging designed to engage the consumers to internal packaging components that can manage quality control and sense temperature. Printed electronics, a component of smart packaging, will also gain traction in the near future. As printed electronics make considerable strides, smart packaging will become the new trend for point-of-sale packaging solutions.

Near Field Communication (NFC), the technology behind smart packaging, allows two transmitters to communicate with each other and easily be printed on labels at a low cost. Many businesses use NFC transmitters printed on their labels to prove the genuineness of their products. Growing adoption of NFC will drive the growth of industrial electronics packaging market.

Tracing the Path Ahead for Industrial Electronics Packaging Market

The industrial electronics packaging market will significantly rely on international trade flows. Moreover, market players are unpacking several methods to scale up product innovation and restructuring of value chains and business models.

Product Innovation

Suppliers of raw materials, particularly plastics, will continue to provide improvements to key raw materials, including greater rigidity, and strength to support down gauging, and enhanced mechanical and chemical properties.

Health, Safety, and Regulatory Standards

Players in industrial electronics packaging market, especially in developing regions, might face difficulties in adapting to international standards. However, they will continue to introduce step-change improvements in fire safety and durability attributes of the materials used for industrial electronics packaging.

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Eye Infection Treatment Market Revenues to Witness Radical Decline amid COVID-19 Pandemic

The COVID-19 outbreak and subsequent lock downs imposed by the government has restricted people from going out. This has inevitably increased screen time. Working from home involves working on desktops, laptops, and mobile phones. Even when people are not working, they are glued to their TV sets and mobile phones, mindlessly scrolling through social media feeds. All of these can cause eyestrain, which may lead to an eye infection. Amid the COVID-19 outbreak, eyes are highly susceptible to various types of infections. Therefore, prioritizing personal hygiene and social distancing can assist in preventing any type of eye infection. Due to the prevailing lockdowns, people suffering from eye infections are avoiding visiting hospitals and relying on alternative solutions such as eye drops.

However, during the COVID-19 pandemic, there are also numerous economical and operational challenges that are growing. Substantial time is required for commercialization and development of effective treatment options for curing COVID-19 and containing the spread of the virus. This uncertainty is resulting in postponement and rescheduling of the treatment and diagnosis of eye infection. This situation is likely to remain the same for the coming two to three quarters. The eye infection treatment market gained huge traction until the first quarter of 2020. This trend of growth is likely to continue post normalization of this pandemic, due to the availability of the treatment. Moreover, in the current scenario, the local government is redirecting healthcare resources towards the COVID-19 crisis; Thus, the global eye infection treatment market has showed marginal decline in the short term.

Technological Developments are transforming Eye Infection Treatment

Market players are laying greater emphasis on developing of novel ophthalmic formulation technologies to improve eye infection treatment. Advanced surgical techniques and high technological innovations in ophthalmology help in providing better and faster results. Some of the recent innovations in eye infection treatment are:

Recent development of multifocal intraocular lenses (IOLs) helps in making the spectacle independent after cataract surgery. This innovation helps in not only setting up the cloudy vision caused due to cataracts but also implanting a refractive lens. This lens improves the vision of the patient who was suffering from eye cataract. These lenses include toric IOLs that makes patients less dependent on spectacles for distance and correct astigmatism. Furthermore, demand for IOLs is gaining traction in Europe, as most surgeons’ have moved from bifocal to trifocal lenses.
In 2018, some researchers developed a new technique for the powerful gene-editing tool CRISPR in order to fix distorted retinal function caused due to retina infection and retina pigmentosa at a young age. This was the first time that researchers became successful in developing CRISPR technology for a chronic disorder. Hence, in the current scenario, market players are trying to include this innovation in their treatment process in order to enhance their customer base.

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Eye Drops to Remain Highly Preferred for Eye Infection Treatment

Eye drops play an essential role in curing many eye conditions such as raised eye pressure, glaucoma, conjunctivitis, dry eye disease, and ocular inflammation. Most professionals recommend eye drops for after eye surgery when there is a need to reduce inflammation to prevent infection. In recent times, companies are investing a huge amount in the R&D activities to create better eye drops. Owing to such innovations, the eye infection treatment market will witness a spurt in terms of revenue. Some of these are mentioned below:

In April 2020, Dextenza developed an eye drop to cure ocular itching in patients with allergic conjunctivitis. Allergic conjunctivitis has always been a major issue among people. Therefore, there is a large unmet demand for hands-free, potent, and preservative-free anti-inflammatory medication. Even in the era of COVID-19, people will require better eye drops to keep themselves safe. Thus, the company is hoping to witness huge demand in the global marketplace.
In October 2019, Israeli startup Orasis Pharmaceuticals introduced a corrective eye drop, which is an alternative to laser surgery, reading glasses, and contact lenses. This eye drop is likely to offer a permanent solution to billions of people in the world who are growing old and are living with age-related farsightedness. It will make it easier for the elderly population to see things clearly from a distance.
In 2018, scientists developed a fluid gel that forms a protective barrier that prevents the eye from getting infected by blinking. It is a novel eye drop that swiftly decreases scarring to corona or eye surface.

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APEJ Region Stays Center of Pulling in Value Prospects in Automotive Pumps Market

Growing revenue of the uninterrupted growth of the middle class, entirely in a rising nation such as India and China, is tempting automakers to concentrate on the mid-size and compact segments. Special or premium attributes such as anti-lock braking systems, cabin comfort systems, automatic transmission systems, and power steering are no more confined to the executive, premium, and luxury cars. With rising rivalry amid automotive makers and altering customer lifestyles, the majority of the foremost attributes are being presented in the mid-size or compact car category on a bigger scale. These expansions in cars are anticipated by customers and are moreover promoting automotive makers to boost the implementation scale of these launchings in the abovementioned car fragments.

Gasoline turbochargers to generate a substantial requirement for the makers of vacuum pumps are disposing of innovative fuel injection systems, for instance, GTDI (gasoline turbocharged direct injection), to fulfill increasing customer need for fuel effectiveness. This aspect is likely to perform as a foremost stimulant for automotive pump sales. The trend is projected to hold up the sustainable market expansion of light and passenger commercial vehicles in the regional market, for instance, Western Europe and APEJ.

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Carmakers are centering on bringing down vehicles carbon emissions to cohere to ever-evolving emission norms, worldwide. Several carmakers have laid down aims to bring down emanation levels in the approaching years. Even improvements and small tweaks presented by them could lessen carbon emanations. As asserted by Continental – a worldwide automotive component organization – utilizing electric fuel pumps that have higher pressure in automotive vehicles, could help in lessening carbon emanations by 1.5-2 g per km for 1.8-liter gasoline or diesel engines. The aforesaid aspects will boost the employment of progressed automotive pumps by car makers in the approaching years.

The COVID-19 outbreak goes on to spread all over continents, extending automotive production, and producing humanitarian tragedy. China – the origin of the pandemic – is the production center of automotive parts. Several automotive pump makers in emerging regions have acknowledged assembly amenities in China. Since governments are striking bans on export-import actions along with public gathers, this has considerably distressed the supply chain in the worldwide market.

Key Takeaways from Market Study

The worldwide market exceeded US$ 50 Billion in 2019.
Growing on-road vehicle fleet and increase in private vehicle ownership are aspects mainly fueling market expansion.
Fuel supply pumps account for foremost market revenue share; fuel injection pumps to witness momentum.
Implementation of automotive pumps will be important in passenger cars, whereas in HCVs and LCVs to go down in the next term.
Electric automotive pumps keep on to stay in-need, due to their reduced power consumption and increased pressure regulation capacity.

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In previous years, a rise in the several of acquirements is foreseen in the market. Topmost market participants are expansions in production capacities and vigorously engaging partnerships with local suppliers to addressing the rising need for automotive pumps. Foremost players in the market, for instance, Aisin Seiki, Robert Bosch GmbH, Magna International, KSPG AG, Denso Corporation, along with Continental AG, are centering on novel product expansion to increase their product portfolios

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Supported Implementation by Construction Sector in Growing Nations to Drive the Timber Wrap Films Market

Timber wrapping film is a convincing packaging solution that guarantees timber amid shipment along with the store. These films are used to defend the timber from sogginess and external components that can impact the completion of the thing. Timber wrap films with higher contact are used to give anti-slip affirmation to timber packaging. High strength & barrier films are used for timber packaging to enhance the idea of the packaging. In a general sense, these films are expected to screen the timber from exorbitant climate circumstances as well as dealing with the harm.

Key Takeaways from Market Study

Timber products have acquired substantial need due to industrialization and the resurgent construction industry, successively upholding the growth of suitable packaging films. Timber wrap films keep on to foresee sustained implementation as an efficient result to combat warping.

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Rising nations offer potential development avenues for timber wrap film makers, as the focal point of governments on infrastructure development and boosting new construction exercises, regulate the need for several timber-based products. Nations in South Asia and East Asia stays most time serving the makers.
The focal point of leading stakeholders in the market on strategic growth via independent sales partners, and acquirement of small-scale firms for growing their subsidiaries, carry on to sustain the moderate market development.
R&D investments for value-added and novel offers, such as UV-stabilized and non-woven timber wrap films, would also stay a key development sustenance aspect.

Globalization has provoked the fast advancement of export & import worldwide. This has given rise to colossal supply chains along with extended the activity of logistics, with market players comprehending versatile packaging to enhance their packaging systems for capable and effectual delivery. Harm resistant, low-cost, along with lightweight characteristics have caused them a significantly searched for in the viewing of packaging products in the timber segment.

Furthermore, the commencing of industrialization along with the construction business has extended the prerequisite for timber products fundamentally. This is accredited to how that the films are lightweight, strong, along with the primary strategy for packaging for urging the timber delivery to furniture producers and end-users. Several rising and emerged countries have just settled for timber transportation on timber wrap films.

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With completely higher usage of timber around the world, market advancement possibilities for the timber wrap films are demanded to increase. Foremost attributes of timber wrap films, for instance, high obstruction along with cost-effectiveness qualities, have exhibited valuable for import & export of timber to energize profitable along with dynamic delivery. There is a growing necessity for a decline in operating costs by various wood-based makers.

There is no quick relationship amid timber wrap films along with wooden item makers. Then again, when natural timber is transported and exported, to deflect loss on account of distorting and different climatical perspectives, it expects a huge activity. Foremost timber wrap filmmakers are in this manner looking for packaging arrangements that could foresee losses as a result of infrequent climatic conditions during storage & transportation. The prerequisite for a dynamically helpful system has provoked the progression of new films.

COVID-19 Impact Assessment Tracker

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COVID-19 Impact: Demand for Clean Label Ingredients Accelerates Owing to High Consumption of Organic Products

The reluctance of consumers to out-of-home food consumption on the back of the outbreak of COVID-19 has led to significant reduction in demand for product lacking ‘essential’ status. It has also propelled the home dining trend among consumers. Hotels, restaurants, and cafes worldwide have witnessed a dramatic decline in customer footfall, thereby directly impacting the profits of foodservice outlets. This has significantly increased the trend of purchasing food items with increased focus on clean label products.

Rising awareness among consumers will drive clean label ingredients market. In addition to this, the market will benefit from higher disposable incomes and consequent willingness to spend on organic food. In developed markets, sales are likely to remain high. Also their purchasing power is comparatively high, which will support the growth of the market. Furthermore, clean label ingredients are gaining traction in the cosmetics industry. For instance, Glico, a Japanese company that deals in skin care ingredients made up of corn starch-based glycogen is planning to launch all their products in the global market. However, demand-supply gap is widening amid widespread supply chain disruptions.

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Manufacturers’ Inclination towards Clean Label Ingredients to Attract a Larger Consumer Base

The market landscape of clean label ingredients is seeing a surge in investments on the launch of clean label products. The use of organic colors such as the extraction of brown colors from rice is surging the demand for clean label ingredients in the processed food industry. Similarly, manufacturers are extracting and using organic orange color from carrot and pumpkin extracts.

Further, they are largely using stevia, pectin, gums, and clean label flour in food production. Presently, consumers are inclining towards organic based products, which is further enhancing clean label ingredients market growth. Changing trends towards food that are minimally adulterated, whilst maintaining the natural content of food will hugely impact the clean label ingredients market growth in the near future.

Easy-to-use and easy-to-carry snack options offering healthy benefits will substantially improve product demand. With changing lifestyles and hectic work schedules, the demand for easy-to-use and ready-to-eat products is growing. Increasing awareness regarding clean label ingredients encourages consumers to identify the ingredients used in these aforementioned products.

Moreover, growing consumer focus on the nutritional value of specific food product such as organically processed food with high protein and vitamin content is expected to leverage demand for clean label ingredients. The demand for these products will continue to mount across the globe, particularly in developed countries.

Clean Label Ingredients Trends to Pave Way for Exciting and Profitable Opportunities

Consumer awareness about deleterious effects of unnatural foods, processed foods, and artificial ingredients has initiated the new trend of transparency regarding food content. This is rapidly adopted by several market leaders to see expedited consumer demand. Following are the key companies who have concentrating on embracing clean label packaging on their products.

DDW’s, a natural food color extracting company, offers a wide range of colors. They extract ingredients from fruits and vegetable juice concentrates, keeping the labels clean and products colorful and organic.
Kalsec, provides natural food color to food manufacturing companies. The company extracts color for dairy applications such as pink, orange, and yellow from carrot, annatto, turmeric, and paprika. Further, it also produces beet extracts that give a perfectly pink shade for berry-flavored ice cream or strawberry-flavored milk.

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What’s Next for Clean Label Movement?

Consumers are never satisfied, they will continue to look beyond the products and the demand for product transparency will continue to grow. Food companies are investing heavily in R&D activities. Their investments in manufacturing unadulterated organic food to set a healthy trend will continue to expand in the following years. As the “clean label” trend gains traction, building consumer trust will be paramount. In the search for foods and beverages that meet their “clean label” needs, many shoppers are deep diving to understand the ingredients used in the production of the product. Moreover, cornstarch is gaining tremendous traction in the clean label ingredients market.

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Packaging Testing Services Market Update: Covid-19 Reaffirms Critical Need for Business Agility

Amidst self-isolation rules, lockdown, and cancellations, the Covid-19 pandemic has been affecting the packaging industry in general and packaging testing services in particular, leaving businesses to make big decisions on how to progress. While supermarkets can’t keep their shelves stocked and various foodservice sectors are struggling with low foot traffic and closures, there are signs that consumers are rethinking their preference for ‘packaging-free’ consumption. The pandemic and subsequent rise in panic buying is likely to influence appreciation of the important roles packaging play in maintaining the safety and integrity of products. As a result, the long-term outlook of the packaging testing services appears promising, while it is expected to face slight decline in 2020.

Packaging testing equipment and services are vital for every supply chain to avoid product damage, legal situations, and poor user experiences. However, the recent coronavirus turmoil is taking its toll on every supply chain across major markets and subsequently on current growth prospects of the packaging testing services market. On the other hand, the outbreak is influencing consumers to look for ways to minimize social contact, which in turn, accelerates the growth of e-Commerce industry. The result is expected to potentially raise the demand for protective packaging and improve future prospects of the packaging testing services market. Additionally, as businesses struggle with labor shortages, an upsurge in investment in automation is expected.

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High Demand for Pharmaceutical and Medical Device Packaging Promises Lucrative Opportunities

Global focus on accurate test kits and research efforts to find vaccines against Covid-19 has been growing strong. In addition, strategic partnerships have been set to tackle another big problem – getting drugs and test kits safely to those who need them. While stakeholders are focusing on creating high-volume surge in pharmaceutical packaging and medical device packaging, it is critical for manufacturers to verify their package design and ensure that the products will not experience any damage during shipping. This, in turn, is generating higher demand for packaging testing services.

With Covid-19 causing considerable disruptions for companies operating in various industries, many are seeking ways to relocate their supply chain away from China, the epicenter of the outbreak. Regional markets for packaging testing services, other than Asia Pacific, are thus likely to grow strong going forward. Furthermore, market players’ focus on expansion in China is expected to come to standstill in near term.

North America and Europe will continue to remain key markets for packaging testing services, in the view of significant presence of service providers and strict regulatory framework for packaging formats, especially pharmaceutical, medical device, and food & beverage packaging. Many market players are further coming forward to assist authorities and healthcare advocates in making sure the packaging materials and products are on the frontline to combat the spread of Covid-19.

Packaging Testing Services Market: Beyond Coronavirus

As the pandemic unfolds and becomes difficult to authoritatively predict the full impact, market stakeholders are braced for challenges in their supply chains. In the packaging, damaged products would further result in loss revenue, consumer confidence, and additional production to replace the damaged products. Thereby, packaging testing services and packaged goods value chain will play a major role in near term to maintain productivity and safety.

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Mounting concerns over the ubiquity of plastics and enforcement of new environmental regulations are projected to lead to significant changes in packaging testing in the future. To capitalize on rapid expansion of online retail industry, it is critical manufacturers to design, test, and ensure their meets retailer requirements, which in turn will remain instrumental to the market growth.

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Covid-19 Outbreak: Implications for Growth Prospects of Two Wheeler Lead Acid Batteries Market

As electric vehicles and connected cars make greater strides in the automotive industry, battery-powered personal transportation has been garnering significant attention in recent years. Additionally, a rise in popularity of electric scooters has been in part due to remarkable advancements in lead acid batteries and battery technologies. Although electric motorcycles or battery-driven two wheelers received far less global attention than electric cars, the scenario is beginning to change, especially in developing countries where motorcycles account for high percentage of vehicles on the road. The result has led to increased demand for two wheeler lead acid batteries. However, the recent outbreak of coronavirus is causing a disruption in the supply and sales of two-wheeler components including lead acid batteries.

In 2019, global sales of two-wheeler lead acid batteries market reached US$ 4.2 Bn and were projected to increase 5% on y-o-y basis in 2020. However, the impact of Covid-19 on the supply chain of two wheelers is likely to adversely affect the market growth. With the World Health Organization (WHO) declaring it a pandemic, coronavirus has also cast a dark shadow on the operations at manufacturing facilities of two wheelers, particularly in Asian countries. Moreover, a large number of two wheeler manufacturers announced the shutdown of their plants which in turn escalates the downside risk of the two wheeler lead acid batteries market.

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The ongoing outbreak has caused a slowdown of China’s economic growth and is anticipated to have a negative impact on its renewable energy investments. With strong focus on increasing the country’s portfolio of renewables, decreasing fuel consumption, enhancing efficiency to deal with carbon emissions, the two wheeler lead acid batteries in China was forecast to cross US$ 4 Bn mark by 2029. However, due to uncertainty following the disease outbreak in the country, the estimated number is likely to show a decline.

Two Wheeler Lead Acid Batteries Market Post Supply Chain Normalization

With factories reopening and production restarting in several cities in China, the epicenter of the coronavirus outbreak, two wheeler component manufacturers are expected to resume normal supplies in near-term. This is expected to weigh on a same scale as the recovery of two wheeler lead acid batteries market. In addition, market players are targeted towards independence from the current supremacy of Chinese manufacturers, aiming to secure their battery supply chains.

The global two wheeler battery market is projected to grow strong going forward in line with trend of micro-mobility and two wheeler rental services.Significantly influenced by the high recyclability rate of about 90%, demand for lead acid batteries continues to move on an upswing. These batteries have been gaining traction as storage devices for two wheelers starting and power supply systems. The rise in demand for two-wheelers with high engine capacity, on account of country-side riding trend and booming e-Commerce industry that heavily relies two-wheeled transport for deliveries, is directly influencing the sales of motorcycle lead acid battery.

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The influx of electric scooters or e-bikes in both developed and developing market has resulted in integration of innovative products and systems such as two wheeler anti-lock braking systems which works to the advantage of the market players. However, lead acid batteries are facing fierce competition from alternative storage technologies and being challenged by new application requirements, in addition to impact of coronavirus outbreak. Emergence of new-age two-wheeler batteries such as lithium-ion (Li-ion) batteries which are steadily declining in price represents a potential threat for the market players. Over the years, rechargeable valve-regulated lead acid (VRLA) batteries gained real-world application in two wheelers, especially electric scooters. In addition to high recycling capacity, two wheeler lead acid batteries require less energy to produce and fulfill the cooling requirements for battery management systems, thereby securing the demand over their Li-on counterparts.

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Sales for Chlorine Disinfectant to Propel Amid COVID-19 Pandemic with High Infection Rates and Soaring Fatalities

In recent times, COVID-19 has raised an implication for the healthcare sector to ensure optimal hygiene of healthcare centers along with medical equipment. This helps in preventing hospital acquired infections (HAI). Amid COVID-19 outbreak, preventing spread of disease contagion and maintaining optimum hygiene is paramount in hospitals. Owing to this, sodium hypochlorite, a chlorine-based disinfectant, is widely being used for cleaning and disinfecting the hospitals and medical laboratories.

In addition, chlorine disinfectants ensure safe water for drinking. Hospital kitchens and cafeterias are dependent on chlorine disinfectants to eliminate the hazardous food-borne bacteria such as salmonella and E.coli on food preparation surfaces. This, in turn, is enabling broader use of chlorine disinfectants. Due to these factors, the global chlorine disinfectant market is expected to cross US$ 3 Bn in 2023, increasing at a promising growth rate.

The chlorine disinfectant market will continue to witness high demand from industrial wastewater, textile leaching, swimming pools, and hospitals in the near future. One of the prime segments of the chlorine disinfectant market is industrial water treatment. Chlorine is widely used due to its property of effortlessly killing pathogens present inside contaminated or infected water.

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Yearly, approximately 58 million metric tons of chlorine is produced across the world for its primary and tertiary sectors. Due to its properties of being an exceptional oxidizing agent, disinfectant and bleaching agent, chlorine has large-scale industrial applications. Owing to this, the chlorine disinfectant market is expected to grow promisingly in the near term.

APAC Continues to offer Lucrative Opportunities for the Market Players

APAC will remain the epicenter of growth in the chlorine disinfectant market, due to the top-line growth of industries such as healthcare and water treatment. Singapore, Vietnam, Indonesia, and other populated countries have a noticeable contribution to the region’s population. With the expansion of population, demand for construction buildings for commercial and residential purposes is catapulting at an unprecedented rate. Owing to this, the construction industry is demanding chlorine disinfectant in abundance. Thus, the market for chlorine disinfectant will gain considerable traction.

Demand for chlorine disinfectant is witnessing a huge rise in APAC, due to the COVID-19 pandemic. The governments of various countries in APAC have ordered the municipal authorities to use chlorine as a disinfectant. This has changed the dynamics of chlorine disinfectant in the regional market place.

Industrial Wastewater to Remain Primary Application Area

Leading players in the market are concentrating on industrial wastewater, where chlorine disinfectants are commonly used in various forms such as solid calcium hypochlorite or liquid sodium hypochlorite solutions. Chlorine disinfectant applications in industrial wastewater are poised to account for revenue worth US$ 2 Bn.

This growth is attributed to the increasing use of chlorine disinfectants as it strikes an ideal balance between environmentally friendly treatment for waste streams and low cost in comparison with other chemical compounds. Owing to these properties of chlorine disinfectant, the market is expected to gain traction in the near future.

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The use of chlorine disinfectant is immense in the industrial wastewater treatment, as it is an excellent chemical agent for killing pathogens. Additionally, water treatment facilities have started using chlorine disinfectants in the walls of reservoirs where water is stored for supplying to the villages and cities. This has provided the impetus to the chlorine disinfectants market and will act as an important growth driver post normalization of the COVID-19.

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How the Coronavirus Outbreak Will Impact the Growth of Body Armor Market?

With a wealth of technologies on the horizon, new test standards are being written or reviewed and innovative products released for body armor materials and systems. The protective role of body armor against most rifle, submachine gun, and pistol fire continues to offer tailwinds to the market growth. In recent past, key players in the body armor market have been increasing their investment in product innovation to enhance elasticity, ensure far protective systems, and provide improved capabilities while imposing less weight on the user. Additionally, an embrace of R&D has been underway for fibrous fabrics and materials for soft body armor. Increasing demand for a huge range of personal protective equipment and armored vehicles in line with strong global focus on counterterrorism and improved battlefield effectiveness significantly contributes to the growth of the body armor market.

In the current scenario, the coronavirus outbreak is expected to result in grave downturn in various markets related to defense industry and the body armor market is no exception. While it is still early to determine whether the market will be flat, see sales slump, or grow unaffected by the pandemic, stakeholders must analyze the major impact points and their potential to affect production, supply chain and bottom lines.

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The local or regional body armor markets affected the outbreak and stakeholders dependent on the supply chain located in affected countries such as the U.S., China, and India will be the immediate victims of the pandemic. Additionally, several governments are targeted towards deprioritizing defense spending while focusing on expansion of healthcare facilities. This, in turn, is expected to create a hindrance in the body armor market growth. While innovations have been forthcoming among market players to set their products apart from the competition, commercialization of body armor is characterized by extensive testing and evaluation. However, the current scenario does not augur well with such business development practices.

Body Armor Market – Longer-term Outlook Remains Positive

While tradition assumptions and forecast statistics of the body armor market are rendered irrelevant due to disruption of the current outbreak, key players must focus on future outlook of the market. Most stakeholders have business continuity plans and the trend of customization of body armor for mission-specific requirements will work in the favor of the market growth.

North America contributed 1/3^rd of the total sales of body armor in 2019 and will continue to carve out a larger size of the global market value. In the U.S. market, the current situation appears less dire with demand supported by budgeted government spending on the defense industry. Heightened scope of application among law enforcement officers, security personnel, and civilians will also continue to open new avenues for revenue growth. In Asia Pacific, increasing warfare and cross border disputes remains key growth influencer of the body armor market. Additionally, several countries in the region are expected to increase their military recruitment and subsequently lead to surge in the adoption of body armor. Material advances in body armor are generally driven by the need for weight and cost reduction.

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Ultra-High Molecular Weight PolyEthylene (UHMWPE) fibers and fabrics stayed in demand against other materials for body armor, owing to their excellent ballistic performance against high-velocity fragments. However, significant advancements in technologies and modern initiatives are prompting military forces and security agencies to opt for the latest protective gear. Manufacturers are thus hard-pressed to invest in advanced materials and smart textiles to enable the development of different body armor concepts and increase the levels of protection.

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