Power Rental Market Size, Share, Growth, Demand, and Revenue Estimation

The demand for power in emerging economies is increasing rapidly. This can primarily be attributed to the surging population in countries such as India and China. In addition to this, countries including South Korea, Qatar, Thailand, Brazil, and Turkey are witnessing technological advancements. Furthermore, the investments in the construction is also increasing, which is further predicted to drive the demand for power in these countries in the years to come. This is resulting in the growing demand for rental power in emerging economies.

European and North American enterprises have acknowledged the potential in these countries and are increasingly trying to establish their footing. Owing to these factors, the global power rental market is projected to generate a revenue of $16,855.5 million in 2023, increasing from $9,167.6 million in 2017, progressing at a 10.3% CAGR during the forecast period (2018–2023). Other than the rising demand for power, outdated permanent power plants are also creating need for rental power in developing countries.

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Diesel generators are available at low cost, in addition to which, their maintenance cost is low as well. Power rental systems are being used in a number of sectors including mining, utilities, construction, oil & gas, events, and industrial. The utilities sector is expected to make considerable use of rental power in the coming years. The ageing network of thermal power plants is predicted to drive the demand for rented power in the utilities sector in the coming years.

Apart from this, the construction sector is projected to create considerable demand for rental power in the coming years as well. The major applications of rental power are continuous power, prime power, and standby power, out of which, the need for continuous power was the highest in the past. These generators are being utilized at an extensive range of settings such as industrial sites, mines, oil & gas plants, and construction sites. Other than this, the demand for standby power is also expected to increase considerably in the near future.

Geographically, the Middle East and African (MEA) region emerged as the major power rental market during 2013–2017, and the region is further predicted to create high demand for rental power in the near future as well. The surging demand for electricity in the construction sector and requirement for supplying power at outdated power plants are creating need for power rental systems in the MEA region.

In conclusion, the surging demand for energy and outdated power plants in emerging economies are driving the growth of the market.

What are Factors Driving Growth of Global Bromine Market?

The increasing usage of clear brine fluids in oil and gas drilling activities is one of the major factors propelling the demand for bromine across the world. Clear brine fluids are extensively used in oil and gas drilling activities due to their ability of decreasing the bottom-hole pressure and temperature in the well bores. In addition to this, brines provide various advantages over other drilling fluids such as lesser fine-hole gauge, formation, and fill damage, faster shale penetration rates, and lower initial cost of setting up the casing for the mud (for drilling).


The other major factors fuelling the rise in the demand for bromine throughout the globe, are the rising incorporation of eco-friendly polymeric flame retardants and the soaring utilization of bromine compounds for reducing mercury emissions in a cost-effective manner. Due to these factors, the global bromine market generated revenue of $1,864.3 million in 2019 and is expected to advance at a CAGR of 5.7% during the forecast period (2020–2030).


On the basis of derivative, bromine is classified into hydrogen bromide, organobromide, and bromide salts. Amongst these, organobromide recorded the highest usage in 2019. This is mainly ascribed to the large-scale utilization of organobromides, such as ethylene dibromide, styrene bromide, allyl bromide, propylene bromide, and vinyl bromide, in the production of flame retardants, intermediates for organic synthesis, solvents, fumigants, gasoline antiknock agents, pesticides, and catalysts, across the world. The demand for bromide salts is expected to increase at the fastest rate during the forecast period, owing to their burgeoning utilization in the production of clear brine fluids.

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Geographically, Asia-Pacific (APAC) is expected to observe the highest growth in the usage of bromine during the forecast period. This is credited to the rising demand for electronics and plastic products and insulation materials in many APAC countries such as India, Japan, China, Thailand, and South Korea, on account of the soaring urban population and surging disposable income of the people in these countries. Bromine-based flame retardants are widely used in electronics and plastic products and insulation materials and therefore, the bromine market is being massively boosted by the rising demand for these materials in the region.

Therefore, the demand for bromine is set to surge in the coming years, owing to the mushrooming usage of clear brine fluids in oil and gas drilling activities and the rising adoption of bromine in flame retardants.

Hot Melt Adhesives To Be in High Demand in Europe owing to Its Expanding Packaging Industry

As the penchant for online shopping has been growing across the world, the packaging industry has been registering significant growth. Because of the penetration of numerous e-commerce platforms and the introduction of hassle-free home delivery services, people are increasingly opting for online channels for shopping. The packaging of products is an important aspect of the e-commerce industry, as, without proper packaging, the product may get damaged during transit. This is resulting in the growth of the packaging industry. A new type of product being utilized during the packaging process is hot melt adhesive.


Hot Melt Adhesives: Dwelling Deeper

This product, commonly known as hot glue, can be found in households as well. Other than being common household products, hot melt adhesives have significant applications in a number of industries.

Hot melt adhesives are 100% solid formulations based on thermoplastic polymers. These products are solid at room temperature and soften on being heated. Hot melt adhesives are activated once they reach the liquid state, and they have the ability to keep the substrate moist until they solidify. When they are solidified, they return to the physical state, wherein they can function as an adhesive with structural integrity. Hot melt adhesives can be applied by rolling, spraying, or extruding, and the substrates are joined immediately after application or after reheating the layer that is applied in the solidified state.


Applications of Hot Melt Adhesives


As mentioned earlier, the properties of these adhesives make them highly suitable for use in a number of industries. The major applications of hot melt adhesives are bookbinding, coatings, electronics, automobiles, textiles, footwear, furniture, hygiene, and packaging products. The packaging industry made the most use of hot melt adhesives in the past, due to the improving standard of living, on account of the increasing disposable income of people, which is resulting in the rising requirement for packaged products.

Other than this, the automotive industry is also predicted to make a considerable use of hot melt adhesives in the years to come. The assembly processes in the automotive industry has been changing rapidly. While conventionally, nuts and bolts were used for joining automotive parts, the need for vehicles that are light in weight is increasing these days. Since hot melt adhesives can decrease the weight of the vehicle considerably, manufacturers are widely making use of these products.


Furthermore, the increasing adoption of electric vehicles is also projected to result in the growing demand for hot melt adhesives. Weight is an important factor for these vehicles, as lower the weight of the vehicle, higher is its efficiency. Hence, the use of hot melt adhesives for joining parts of electric vehicles is rising at a swift pace. The further expansion of the automotive industry is predicted to increase the demand for hot melt adhesives in the years to come.


What Is Driving Demand for Hot Melt Adhesives in Europe?


The increasing spending power of people in Europe is the key factor leading to the growing consumption of hot melt adhesives in the region. The high disposable income is driving the growth of the packaging industry in the region. In addition to this, the region is one of the major buyers of vehicles across the globe, which is also driving the demand for hot melt adhesives.



Other than this, the Asia-Pacific region is also projected to create a considerable demand for hot melt adhesives in the coming years, owing to the surging need for high-performance materials in different industries. Moreover, the severe environmental conditions in the region are driving the demand for eco-friendly products, such as hot melt adhesives.



In conclusion, the growth of the packaging industry and the increasing adoption of electric vehicles are leading to the rapid replacement of conventional bonding materials with hot melt adhesives.


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Why are Sales of Agricultural Micronutrients Predicted to Skyrocket in Asia-Pacific in Future?

With the boom of the global population, the demand for food products is rising rapidly across the world. This is, in turn, pushing up the requirement for higher agricultural productivity and crop yield. As per the findings of the United Nations Department of Economic and Social Affairs (UNDESA), the total population in the world was 7.6 billion in 2017. Furthermore, the organization estimates that the global population would increase to around 9.8 billion by 2050.

This is boosting the requirement for high-value crops such as vegetables, fruits, and nuts that require very high amounts of micronutrients. According to the Food and Agriculture Organization, which is an United Nations agency, the total production of vegetables and fruits in the world was 1,941.1 million tons in 2016, which was 15.9% greater than the 1,674.1 million tons produced globally in 2010. With the surge of the global population, the demand for horticulture crops is also going up.


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Moreover, in many countries, the farmers are increasingly being asked to enhance the agricultural productivity and increase the volume of the crops being grown. As a result, they are adopting methods and using materials such as agricultural micronutrients for maximizing the crop yield and achieving the optimum utilization of farmlands. Additionally, the governments of many countries such as India are launching initiatives such as contract farming for increasing farmers’ income and driving growth in the agriculture sector.


These kinds of initiatives are predicted to push up the income of farmers and fuel the sales of agricultural micronutrients as these materials will be required in huge amounts for the high-volume farming of crops. The rise in the sales of agricultural micronutrients will propel the expansion of the global agricultural micronutrients market. Iron, boron, zinc, molybdenum, and manganese are the most commonly used types of agricultural micronutrients around the world.

Organic Fertilizers Market Size, Share, Demand, Trends, Growth and Revenue Estimation

As per a report by P&S Intelligence, the global organic fertilizers market is predicted to attain a value of $14,746.2 million by 2030, rising from $4,512.1 million in 2019, and is expected to progress at a 14.1% CAGR during the forecast period (2020–2030). The market is witnessing growth due to the rising utilization number of organic farmlands around the world and rising requirement for organic food products in Europe and North America. Organic fertilizers are made of plant and animal materials and mined rock minerals.

The increasing acreage of organic farmlands is one of the major factors that are leading to the growth of the organic fertilizers market. A number of private and public players in the industry are investing in the organic food supply chain, along with which the downstream requirement for organic products, owing to their perceived health advantages, is growing as well. Lesser amount of chemicals are utilized for the production of organic products, because of which, the preference of consumers is shifting towards these items.

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Therefore, in order to cater to the changing needs of people, the focus on organic farming has increased substantially over the past years, thereby driving the demand for organic fertilizers. According to the data that was released by the Research Institute of Organic Agriculture, benchmarking and labelling, participatory guarantee systems, equivalence agreements between countries for the certification of products, and government policies and initiatives are some of the key factors that are pushing the adoption of organic farming in different countries.

Geographically, Europe accounted for the largest revenue share of the organic fertilizers market during the historical period. This is primarily due to the fact that the region has the largest tract of organic land that is arable across the globe and has been registering a growth in the organic cultivation in various countries including Italy, Spain, France, and Germany. In addition to this, the downstream retail requirement for organic products, organized supply chain for the distribution-packaging-production model, and high per capita are also driving the demand for organic fertilizers in the region.

In conclusion, the demand for organic fertilizers is growing due to the increasing acreage of organic farming areas and changing consumer preferences.