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India is set to register the highest polyvinyl chloride capacity additions in Asia, contributing about 49% of the region’s capacity additions by 2027, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Polyvinyl Chloride Industry Installed Capacity and Capital Expenditure (CapEx) Forecast by Region and Countries including details of All Active Plants, […]
Indian Navy’s ambitious next-generation submarine program gathers momentum with MDL-TKMS collaboration, says GlobalData
Following the news that India’s Mazagon Dock Shipbuilders Ltd. (MDL) and German company ThyssenKrupp Marine Systems (TKMS) signed a MoU to cooperate on submarine manufacturing; Tushar Mangure, Defense Analyst at GlobalData, a leading data and analytics company, offers his view: “TKMS and MDL are expected to jointly bid for the Indian Navy’s Project-75I program, which […]
Asia will dominate global LNG regasification capacity additions through 2027, says GlobalData
Asia will continue to dominate the global liquefied natural gas (LNG) regasification capacity additions, contributing about 70% of the total capacity additions between 2023 and 2027, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘LNG Regasification Terminals Capacity and Capital Expenditure (CapEx) Forecast by Region, Key Countries, Companies and Projects (New […]
GlobalData forecasts Philippines foodservice profit sector to grow at 13.7% CAGR through 2027
The Philippines’ foodservice profit sector is set to grow at a compound annual growth rate (CAGR) of 13.7% from PHP568.8 billion ($10.4 billion) in 2022 to PHP1,080.8 billion ($18.7 billion) in 2027, predicts GlobalData, a leading data and analytics company. GlobalData’s report, ‘Philippines – The Future of Foodservice to 2027’,” reveals that the quick-service restaurant […]
Malaysia baby food market to expand by 3% CAGR through 2028, forecasts GlobalData
Malaysia’s baby food market continues to expand despite a declining birth rate, as rising household incomes, hectic urban lifestyles, and rising female workforce participation spur demand. As a result, the Malaysian baby food sector is forecast to reach MYR3.1 billion ($707.5 million) by 2028, expanding at a compound annual growth rate (CAGR) of 3% over […]
ALS-50 loitering munitions induction to enhance precision strike capability of Indian Air Force, says GlobalData
The ALS-50 loitering munition is an advanced weapon system with a unique vertical take-off and landing (VTOL) capability, versatility, and adaptability, which allow it to engage air defense systems, ground and naval targets. The ALS-50’s induction demonstrates the ability of India’s domestic defense industry to integrate sophisticated indigenous technologies into the country’s armed forces. The move […]
New approvals set to revolutionize myelofibrosis treatment landscape across 8MM, says GlobalData
The treatment paradigm for myelofibrosis (MF) – a rare type of blood cancer – is expected to experience marked transformation over the next decade in the world’s eight major markets (8MM*) due to numerous late-stage pipeline therapies potentially becoming the new standards of care, according to GlobalData, a leading data and analytics company. GlobalData’s latest […]
Bangladesh general insurance industry to reach over $800 million by 2027, forecasts GlobalData
Bangladesh’s general insurance industry is projected to grow at a compound annual growth rate (CAGR) of 8.8%, from BDT64 billion ($620.8 million) in 2023 to BDT89.8 billion ($809 million) in 2027 in terms of gross written premiums (GWP), according to GlobalData, a leading data and analytics company. According to GlobalData’s Insurance Database, the general insurance […]
Toyota, Daimler deal to advance autonomous truck technologies in Japan, says GlobalData
Following the news that Daimler Truck and Toyota have entered into a memorandum of understanding (MOU) to combine their truck businesses in Japan; Varshini Shetty, Automotive Analyst at GlobalData, offers her view: “To accelerate the development and manufacture of CASE (Connected / Autonomous & Automated / Shared / Electric) technology and hydrogen vehicles, many businesses […]
AbbVie’s Rinvoq for Crohn’s Disease to see rapid uptake by healthcare providers, says GlobalData
The FDA recently announced the approval of Rinvoq (upadacitinib), AbbVie’s Janus kinase inhibitor (JAKi), to treat adults with moderately to severely active Crohn’s Disease (CD) who have had an inadequate response or intolerance to one or more tumor necrosis factor (TNF) blockers. The decision was based on data from two randomized induction trials, U-EXCEED (NCT03345836) […]
Future Content Delivery Networks segment poised to create opportunities for existing telco providers, says GlobalData
The Content Delivery Networks (CDN) segment is poised for growth and is expected to create a number of opportunities for existing telco connectivity providers, driven by continued innovation in products and services, according to an analysis conducted by GlobalData, a leading data and analytics company. Rajesh Muru, Principal Analyst at GlobalData, comments: “The CDN market […]
France’s first EV battery factory will cater to estimated rise in EV demand to 17.4 million units in Europe by 2030, says Globaldata
Following the news that France has opened its first electric vehicle battery factory in Billy-Berclau in the northern region of the country; Sumit Das, Senior Analyst, Automotive at GlobalData, offers his view: “France’s first EV battery gigafactory will provide a base to step up the production of batteries and electric vehicles as the European Union […]
Novo Nordisk’s limit on Wegovy supply vital to retain its competitive advantage, says GlobalData
Novo Nordisk recently announced that the starter doses of Wegovy (semaglutide) would be limited in the US until September, in an effort to avoid supply shortages. The move comes after the company faced a supply shortage issue in March 2022, which resulted in halted sales of Wegovy and a delay in launching in the EU. […]
Lufthansa tops list of 10 most mentioned European airlines on social media over last one year, reveals GlobalData
Travelers are heading back with intense determination this summer after being compelled to take a two-year hiatus owing to the COVID-19 pandemic and ensuing regulations, limitations, guidelines, and outright bans on travel and entry into a foreign nation. Against this backdrop, social media share of voice (Twitter and Reddit) focused on European Airlines revealed that […]
Proposed tax hike can clip the wings of niche no-alcohol beer market in Thailand, says GlobalData
No-alcohol beer, with an alcohol by volume (ABV) between 0% and 0.5%, is a nascent segment in Thailand, accounting for a fraction of overall beer volumes in 2022. However, the threat of a tax hike in 2023 looms overhead. This can disrupt the recovery of the nascent segment from the pandemic-induced volume decline of 16.3% […]
Sugar tax hike to boost development of better-for-you beverages market in Thailand, opines GlobalData
The years 2020 and 2021 were hallmark years for functional and fortified food and drinks in Thailand. Even as the pandemic concerns dissipate, the mindful consumption trend is strongly influencing the food and drink choices of Thai youth. Better-for-you drinks are thereby in vogue in Thailand. Beverage manufacturers vying to launch products with less sugar, […]
Compare the Market is the leading PCW within motor insurance, finds GlobalData
Compare the Market does not always produce the lowest quotes for motor insurance across the top four price comparison websites (PCWs) in the UK. Despite this, it is the market-leading PCW for motor insurance, according to GlobalData, a leading data and analytics company. According to GlobalData’s 2022 UK Insurance Consumer Survey, Compare the Market is […]
Innovative product positioning to drive demand for low-/no-alcoholic drinks in Thailand, says GlobalData
Lifestyle modifications and health & wellness trends are the key factors propelling the uptake of low-/no-alcohol drinks in Thailand. The alcoholic beverages market, particularly beer, has seen notable growth in recent years in Thailand. Fueled by product innovation by leading companies and the recovery of the hospitality industry, the no-/low-alcohol beer market in Thailand will […]
US SVoD revenues to increase at 6.3% CAGR during 2022-2027, nearly equaling pay TV revenues, forecasts GlobalData
Annual revenues of US subscription video on demand (SVoD) services will nearly equal those of traditional pay TV in 2027, marking a critical tipping point in the ongoing decline of cable TV, IPTV, and satellite TV services as over-the-top video streaming rises to dominate the media landscape. Revenues from SVoD services such as Netflix, Amazon […]
Lantern Pharma’s AI algorithms to assess blood-brain-barrier permeability to boost drug development, says GlobalData
As the pandemic has continued to impact the world, there has been a growing focus on the importance of developing new treatments for a range of diseases, including those affecting the brain. Lantern Pharma, a clinical-stage biopharmaceutical company, has developed artificial intelligence (AI) algorithms that can predict the blood-brain-barrier permeability of any compound. Lantern Pharma’s […]