industrytrends's blog

Compared to 7.7 billion in 2019, the earth would be home to 9.7 billion people by 2050, says the United Nations, in its 2019 World Population Prospects report. With population boom, the demand for everything, be it food, water, clothes, housing, or medicines, will rise too. Plus, with the prevalence of chronic diseases surging, prescription as well as over-the-counter (OTC) drugs are needed more than ever. This is leading to huge investments in the pharmaceutical industry, wherein new production plants as well as research laboratories are being set up.

The construction industry has been witnessing swift growth since the past few years, especially when it comes to civil construction projects. The plays a crucial role in the global economy and activities pertaining to the industry are important for achieving socioeconomic development goals of providing employment, shelter, and infrastructure. Owing to this, governments of several countries are investing heavily in the development of civil construction projects, including buildings, water reservoirs, bridges, sewer systems, roads, airports, and tunnel.

Heart diseases kill 17.9 million people each year, according to the World Health Organization (WHO), and this is just an estimate; the actual number might be a lot higher. The Centers for Disease Control and Prevention (CDC) presents a similarly grim picture, saying that in the U.S., one person dies of a cardiovascular issues every 37 seconds. Still, all those who suffer from such issues don’t die immediately, if the condition is diagnosed and treated early.

The Technical Standards and Specifications laid down by the Petroleum and Natural Gas Regulatory Board, India, states the standards for the design, material, and safety of pipelines used in the oil and gas sector. The Schedule 1E of this regulation compels oil and gas companies to control corrosion and the Schedule 1D mandates the testing of pipeline equipment. Likewise, the Pipeline and Hazardous Materials Safety Administration (PHMSA) of the U.S. government assess the safety and performance of pipelines in the oil and gas sector to avoid unprecedented situations.

With the surge in the number of cancer cases every year, the demand for cancer/tumor profiling is growing rapidly across the world. Several factors such as changing lifestyles, increasing tobacco consumption, high exposure to radiation, and poor eating habits are fueling the incidence of cancer all over the world. For instance, the American Cancer Society stated in 2017 that the country witnessed nearly 1,688,780 new cases of cancer in that year. 

The mushrooming popularity of the aerial mode of transportation is fueling the expansion of the aerospace industry, which is, in turn, driving the worldwide sales of thermal spray materials. Moreover, the increasing defense expenditure of several countries, such as India, the U.S., Japan, and China is also propelling the growth of the aerospace industry. For example, as per various estimates, China will spend more than $1.1 trillion in aircrafts over the next 20 years. 

The rising incidence of diabetes, on account of the lack of access to preventive care and the adoption of sedentary lifestyles, and the surging public awareness about the safety issues associated with needles are the major factors driving the demand for needle-free diabetes management solutions. According to the World Health Organization (WHO), diabetes claims the lives of 1.6 million people every year.

The discovery of metals played an important role in the advancement of the human civilization, by taking people away from the primitive stone tools. Therefore, the metalworking industry has been undergoing continuous growth since at least 2,000 BC. From simple kitchen tools to mega machines, a wide variety of stuff is made of metals. These materials need to be cut, carved, shaved, melted, and molded into a variety of shapes and sizes in order to manufacture the final object.

The demand for advanced dug delivery is rising, as subcutaneous injection is the most desirable route of administration in several therapeutic areas including hemophilia, auto-immune disorder, cancer intravenous immunoglobulin, and multiple sclerosis. Furthermore, the cost of administration of a single dose of specialty drug via IV infusion in clinics or hospitals costs about $1,000 to $10,000. The cost for the administration of the same dose is decreased by 30% to 70% in home care settings.

The increasing demand for electronic devices globally is propelling the requirement for liquid crystal polymers. Smartphones, computers, LED TVs, and microwaves have become part of almost every urban household due to the increasing per capita income and growing population in nations such as India, China, Indonesia, and Brazil. Liquid crystal polymers have aided in the development of these products as they have advanced electrical and mechanical properties.