How Do Lightweight Material Increase Vehicle Fuel Efficiency?

International organizations, along with the central and state governments in several countries, are working on reducing greenhouse gas (GHG) emissions. For this, they are implementing stringent guidelines and standards, particularly for the automotive sector, which is one of the largest contributors to air pollution. For example, various European and North American governments are supporting the adoption of lightweight vehicles to significantly reduce CO2 emissions by 2025. Elsewhere, in Asia-Pacific, China, India, Australia, and Indonesia are implementing similar policies, considering how polluted they are.

Moreover, the growing focus on a higher fuel efficiency will accelerate the market for automotive lightweight material at a CAGR of 14.0% during forecast period, since standing at $77.1 billion in 2015. Since lighter automobiles require less energy for acceleration as compared to heavier ones, automakers are adopting lightweight materials to enhance the fuel efficiency of vehicles. According to the U.S. Department of Energy (DoE), “A 10% reduction in vehicle weight can result in a 6%-8% fuel economy improvement.”

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In the recent past, North America utilized the highest volume of automotive lightweight material due to the regulatory pressure by the governments to curtail CO2 emissions. For example, the U.S. aims to increase its fuel economy to 54.5 miles per gallon by 2025, under its Corporate Average Fuel Economy (CAFE) standards. These norms apply to light-duty vehicles produced between 2017 and 2025. Following North America, Europe has emerged as the second-largest consumer of such materials, on account of almost the similar reasons that push their usage in Canada and the U.S. 

As per P&S Intelligence, the APAC automotive lightweight material market will register the fastest growth in the foreseeable future. This can be ascribed to a surge in vehicle production and high demand for light commercial vehicles and passenger cars in the region. This can be attributed to the improving living standard in APAC, especially in India and China. Although automobile manufacturers in APAC use lower volumes of lightweight materials than those in Europe and North America, an escalation in the vehicle production figures will boost their adoption in APAC in the coming years. 

Therefore, with the surging focus on reducing GHG emissions and increasing the fuel efficiency, automobile manufacturers are adopting lightweight materials during production.

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Affordable Housing to Boost Autoclaved Aerated Concrete Market Growth

The global autoclaved aerated concrete market is predicted to attain a revenue of $8,314.9 million by 2030, rising from $4,498.5 million in 2019, exhibiting a 6.0% CAGR during the forecast period, as per a report by P&S Intelligence. The key factors leading to the growth of the autoclaved aerated concrete market are the increasing number of large-scale construction projects in emerging economies and rising investments in the construction sector. On the basis of type, the market is divided into lintels, panels, blocks, and tiles.

People across the world are opting for low-cost houses and this can be achieved by employing low-cost construction materials, such as autoclaved aerated concrete (AAC) blocks. These blocks are manufactured at a cost lower than the clay bricks. Additionally, the AAC blocks can be easily transported in difficult terrains at a reduced cost, due to their lightweight that cuts down the transportation cost. With an increasing demand for affordable housing, the demand for AAC blocks is expected to increase during the forecast period.

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Moreover, the rising focus on construction of sound-proof and green buildings will propel the autoclaved aerated concrete market growth during the forecast period. The production process of AAC materials is non-polluting, as it contains non-toxic ingredients and does not produce gases. Besides, total energy consumed during manufacturing of AAC blocks is almost half of what it takes to manufacture clay bricks. Additionally, AAC materials are used in the construction of sound-proof buildings because of their ability to absorb sound, due to their porous structure. 

These AAC building materials are also used to construct disaster-resistant buildings. The increasing demand for disaster-resistant buildings to tackle losses during natural calamities is projected to increase the autoclaved aerated concrete market size. Because of the lightweight of the AAC blocks, the overall mass of the building is reduced that helps in curtailing the losses caused during disasters, like earthquake. AAC blocks are also efficient in dealing with damages caused during a fire. 

Categories under the type segment of the autoclaved aerated concrete market include blocks, panels, tiles, and lintels. Amongst these, the blocks category is projected to demonstrate the fastest growth during the forecast period, owing to its ability to be stacked together with a thin-bed mortar in a running bond. The AAC blocks are favorable for pavement construction, high-rise buildings, and construction of railroad bridges because of their properties, such as high thermal efficiency, easy and quick installation, and high stability and constructive factors like high strength, lightweight, easily reducible, and environment-friendly.

Thus, expansion of the construction industry and increasing demand for lightweight and environment-friendly building materials are projected to boost the market in foreseeable future.

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What are Key Factors Responsible for the Growth of Global Inorganic Salts Market?

The inorganic salts market growth is propelled by factors such as the surging demand for agrochemicals, increasing mineral salt consumption by various end-user industries, and evolving chemical sector. Owing to these growth drivers, the market is expected to advance at a CAGR of 4.4% during the forecast period. Inorganic salts are used in the production of ceramics, paints, paper, fertilizers, rubber, and pharmaceutical products. Additionally, these salts are used in small quantities in animal feed as a catalyst, as well as in fire retardants and sulfur absorbents.

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Inorganic salts are available in the form of oxides, fluorides, silicates, acetates, halides, carbonates, nitrates, hypochlorites, phosphates, sulfides, and chlorides. Based on their characteristics, these salts are used for specific purposes across industries. For example, phosphates, silicates, and carbonates are used in the production of fertilizers, glass, and construction materials, respectively. Calcium salts, ammonium phosphate, nitrates, and zinc salts are used in fertilizer production, as they offer exceptional properties of enhancing soil nutrients. Likewise, Zinc oxide plays a pivotal role in the vulcanization of rubber during rubber processing.

Globally, the Asia-Pacific region held the largest share in the inorganic salts market in 2015. This can be attributed to the expansion in the construction sector, spurring demand for agrochemicals, and growing chemical industry in the region. China is the frontrunner in the regional market due to the vast size of the chemical sector in the nation. Additionally, the escalating construction activities in China are supporting the market growth. Moreover, the demand for inorganic salts is growing in the healthcare sector of India, which is a key manufacturer of generic drugs.

According to P&S Intelligence, North America and Europe are also significant consumers of inorganic salts. European countries are witnessing a high-volume use of acetate inorganic salts for the production of dress linings, upholstery, apparel, and home furnishings. In the same way, the U.S. and several Middle Eastern countries use sulfates for chemical processing. Owing to this spurring demand, Loba Chemie, Eastman Chemical Company, Hebei Yatai Limited, Lanxess AG, Behn Meyer, Otsuka Chemical Co. Ltd., Electrochemistry Co., Arkema SA, and Thermo Fisher Scientific Inc. are offering a wide range of inorganic salts.

Thus, the growth of the chemical, pharmaceutical, and biotechnology sectors will fuel the consumption of inorganic salts in the future.

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Solar Tracker Sales Expected to Rise Steeply in North America in Future

Solar trackers are used for increasing the power output from solar receivers and solar panels. These devices follow the motion of the sun, that is, from east to west every day, and keep the orientation of the solar panels/solar collectors toward the sun. This technique significantly increases the amount of sunlight falling on the solar energy collectors, which in turn, increases the power output. These devices have the ability to improve the energy output of solar panels by nearly 20-30%, thereby enhancing the economies of the overall solar energy project. 

Besides the aforementioned factors, the surging implementation of favorable government initiatives in several countries such as Japan, in the form of investments and feed-in tariffs, for promoting the usage of solar energy is also pushing up the requirement of solar trackers. As a result, the market for solar tracker is predicted to demonstrate unprecedented growth in the future years, according to the forecast of P&S Intelligence, a market research company based in India. 

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Commercial, residential, and utility are the major application areas of solar trackers all over the globe. Out of these, the utilization of solar trackers is presently being observed to be significantly higher in utility applications. This is credited to the fact that the usage of these trackers increases the electricity generation by as much as 40% in some areas depending on the amount of sunlight. These trackers also increase the electricity generation by nearly one-third as compared to the power produced by the fixed modules.

Globally, North America is currently observing the highest usage of solar trackers. This is attributed to the rapidly declining prices of solar panels and the increasing enactment of strict environmental policies and regulations in many North American countries for mitigating the carbon emission levels. For example, “as per the National Renewable Energy Laboratory (NREL), module costs for commercial PV systems decreased from USD 1.88/W in 2017 to USD 1.83/W in 2018, witnessing a decline of around 3%”.

Thus, it can be safely said that the sales of solar trackers will escalate all over the world in the upcoming years, primarily due to the growing popularity of solar energy and the increasing requirement of higher solar power output in various residential, commercial, and utility applications across the world.

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Pad-Mounted Transformer Market Expected to Exhibit Rapid Progress in Future

The need for using energy efficiently is increasing day-by-day, which can be ascribed to the surging population across the globe and inadequacy of existing energy resources to fulfill the needs of this population. In addition to this, because of excessive utilization of fossil fuels for generating energy the ozone layer has started depleting. Therefore, in addition to using efficiently, reducing carbon dioxide emissions is also crucial.  Energy efficiency can effectively decrease the consumption of power, thereby resulting in decreased electricity cost as well. Thanks to digitization, it has now become possible to make use of internet of things (IoT) and other technologies to achieve energy efficiency in an easier way.

All these factors are leading to the increasing demand for pad-mounted transformers, which are utilized for distributing electric power. It is basically an enclosure solution for larger transformers and can be installed in spaces that are accessible to the general public. Pad-mounted transformers have various attributes including tamper proof screws and bolts, tamper resistant construction, lockable compartments with hinged doors, baffled ventilation openings, and bottom entry of secondary and primary cabling. Because of this, the global pad-mounted transformer market is projected to progress at a rapid pace in the coming years, as per a report by P&S Intelligence. 

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Pad-mounted transformers have two insulation types, namely single-phase and three-phase, between which, the demand for three-phase transformers is predicted to be considerable in the years to come. These devices have high applicability, larger power holding capacity than their counterpart, and compatibility. Three-phase pad-mounted transformers are also being utilized for power consuming devices in the residential sector. Moreover, as in several countries power is supplied in three phases, three-phase transformer is more suitable as compared to single-phase pad-mounted transformers. Pad-mounted transformers have different power ratings, namely less than 1 MVA and more than 1 MVA. 

This can be owing to the swift industrialization and increasing commercial construction activities, such as shopping malls, recreational centers, and hotels. Geographically, the Asia-Pacific region is expected to emerge as a major pad-mounted transformer market in the years to come. This is due to the presence of key players in developing countries, including India and China. Furthermore, the upgrading distribution and transmission network in India, Malaysia, and China is also creating increasing requirement for these devices. 

Hence, the demand for pad-mounted transformers is growing due to the rising need for consuming less energy.

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Why Are Offshore Wind Turbine Manufacturers Focusing on Technological Advancements?

Increasing awareness about the advantages of non-conventional energy sources has resulted in huge investments in the offshore wind energy sector. Moreover, the rapid depletion of fossil fuels and hazardous impacts of these conventional energy sources on the environment have encouraged more funding in the wend energy industry.  Governments across the world are making investments in the renewable energy to cater to the future energy demands, while minimizing the conventional energy supply. These factors help the market for offshore wind turbine to grow from $24,683.3 million in 2019 to $68,869.3 million by 2026. 

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The manufacturers of wind turbines, such as MHI Vestas Offshore Wind A/S, Mingyang Smart Energy Group Co. Ltd., Envision Energy, Orsted A/S, General Electric Company, and Siemens Gamesa Renewable Energy S.A, have constantly focused on technological advancements to offer better and reasonable products. In the preceding years, energy generation through offshore turbines was an expensive process than today, and a large number of small turbines had to be installed to meet the energy demand. However, constant technological developments have led to the advancement in higher-capacity turbines that produce energy at reduced prices. 

In the coming years, the Asia-Pacific region will record the highest number of wind energy plants, due to the increasing number of government policies that support the installation of windmills. Moreover, the excessive energy demand and high reliance on fossil-fuel for energy generation in the region will also boost the requirement for eco-friendly and cost-effective wind turbine installations on oceans, lakes, and seas. For instance, China aspires to increase the wind energy capacity of the country to 400 gigawatts (GW) by 2030. 

Thus, the growing inclination toward renewable energy sources, on account of rising awareness about the benefits of green energy and drawbacks of fossil fuels, will accelerate the installation of wind turbine at offshore sites, worldwide.

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Why Are Developing Nations Increasingly Use Lubricants in Mining and Quarrying Activities?

Lubricants are viscous fluids that are used in several industrial applications for proper functioning of machines and their components. Just like any other industry, the mining sector requires machinery in abundance for its efficient functioning. This sector uses lubricants for quarry and mining applications. With the surging consumption of mineral oil lubricants and increasing mining activities in developing countries like China and India, the sales of lubricants are expected to boom in the coming years. At present, the mining sector is showing high preference for bio-based lubricants, on account of rising environmental concerns.

The increasing use of these lubricants in the coal mining industry and rising consumption of coal in the power sector in countries like Indonesia, China, and India will drive the lubricants market for mining and quarry applications at 5.0% CAGR during 2017–2023. The market size is expected to grow from $1,890.0 million in 2016 to $2,610.0 million by 2023. Moreover, the burgeoning demand for mineral and metal commodities and escalating consumption of natural resources like uranium, coal, and diamond will support the market growth in the coming years.

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In recent years, there has been a considerable increase in research and development (R&D) activities in countries like China, Australia, India, and the U.S., which has resulted in numerous innovations and technological advancements in the mining and quarrying field. These developments have further led to the increased usage of lubricants for mining and quarrying applications. Moreover, the high gross domestic product (GDP) and robust economic growth in nations like India, Mexico, South Africa, Brazil, Kazakhstan, and Indonesia will boost the mining activities in these countries.

According to P&S Intelligence, the Asia-Pacific lubricants market for mining and quarry applications generated the largest revenue in 2016, globally. Moreover, the regional market is also expected to observe a rapid growth in the foreseeable future. This can be ascribed to the expansion of the coal mining sector in India and China, which would account for the largescale consumption of mining lubricants in the future. Additionally, the increasing implementation of government laws regarding mining lubricants will boost their adoption in the region. 

Thus, the expansion of the coal mining industry and the high-volume consumption of coal for power generation will amplify the usage of mining lubricants in the coming years.

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