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shankar besta

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Asia to dominate global polyethylene terephthalate capacity additions through 2026, forecasts GlobalData

Asia is set to lead the global polyethylene terephthalate (PET) industry capacity additions with a share of 58% by 2026 from new-build and expansion projects between 2022 and 2026, forecasts GlobalData, a leading data and analytics company. GlobalData’s latest report “Polyethylene Terephthalate (PET) Industry Installed Capacity and Capital Expenditure (CapEx) Forecast by Region and Countries […]
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Lumos Pharma’s oral LUM-201 holds potential to improve compliance in pediatric growth hormone deficiency, says GlobalData

The release of encouraging interim results from two Phase II trials of LUM-201 has enabled Lumos Pharma to edge closer towards its goal of bringing the first orally administered therapy for pediatric growth hormone deficiency (PGHD) to market. With a favorable administration route, LUM-201 has the potential to improve low rates of treatment compliance, a […]
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Deliveroo’s Australian exit calls for modernization in the food delivery sector, says GlobalData

Following the news that UK-based delivery aggregator Deliveroo is withdrawing from Australia after just seven years due to touch economic conditions; Hannah Cleland, Foodservice Analyst at GlobalData, offers her view: “Deliveroo’s decision to leave Australia is a dramatic move, but is based on an all-too-familiar story for delivery aggregators. Since the pandemic, the sector has […]
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China to dominate acrylonitrile butadiene styrene capacity additions in Asia through 2026, forecasts GlobalData

China is set to register the highest acrylonitrile butadiene styrene (ABS) capacity additions in Asia between 2022-2026, due to the growing demand for the low-cost thermoplastic polymer from the country’s automobile manufacturing sector, which is the world’s largest. The country will account for about 93% of the region’s ABS capacity additions by 2026, estimates GlobalData, […]
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Asia to lead global acrylonitrile butadiene styrene capacity additions through 2026, forecasts GlobalData

Asia is set to lead the global acrylonitrile butadiene styrene (ABS) industry capacity additions with a share of 89% by 2026, by gaining capacities from new-build and expansion projects between 2022 and 2026, forecasts GlobalData, a leading data and analytics company. GlobalData’s latest report “Acrylonitrile Butadiene Styrene  Industry Installed Capacity and CapEx Forecast by Region […]
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Germany to continue to secure gas supplies by leading LNG regasification capacity additions in Europe through 2026, says GlobalData

Germany’s reliance on Russian gas and the need to find alternate supplies given the current geopolitical situation between the two countries has set Germany on a course to the highest liquefied natural gas (LNG) consumption in Europe. The country, which previously relied on pipelines from Russia to meet its natural gas needs, is now looking […]
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Field robot sales will hit $11 billion by 2030, says GlobalData

The global agricultural sector is tackling a multitude of challenges, from climate change to population growth, and the growing demand for food. Robotics offer a much-needed solution, providing answers from vertical farms to drones. This has catalyzed the demand for field robots, which reached sales of $1.1 billion in 2020 and will hit $11 billion […]
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Inflation and rising costs to slow down digital transformation initiatives in healthcare sector, finds GlobalData survey

A total of 58% healthcare industry professionals globally believe that digital transformation initiatives—involving the implementation of emerging technologies such as artificial intelligence (AI), big data, cloud computing, application programming interfaces (API) and others—would be slowed down due to inflation and rising costs, according to a survey by GlobalData, a leading data and analytics company. The […]
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The service robotics industry will reach $216bn in 2030, transforming the travel and tourism industry, but human staff will not be replaced, says GlobalData

The service robotics industry is set to register a compound annual growth rate (CAGR) of 21.5% to reach $216 billion in 2030, driven by investments across consumer facing industries, including travel and tourism. The overall robotics industry is set to grow from $70 billion in 2022 to $568 billion in 2030, says GlobalData, a leading […]
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Interoperability, familiarity, and geopoliticsn most likely behind Australia C-130J decision, says GlobalData

Australia’s Department of Defence plans to move forward with C-130J-30 to replace its existing fleet of 12 C-130J-30s was most likely influenced by interoperability with friendly forces, familiarity with the supplier and equipment, and geopolitics, according to GlobalData, a leading data and analytics company. The announcement was followed by the US Defense Security Cooperation Agency […]
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