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Asia is expected to lead the global vinyl acetate monomer (VAM) capacity additions with an increase from 5.43 million tonnes per annum (mtpa) in 2019 to 5.93 mtpa in 2024, at an average annual growth rate (AAGR) of 1.8%, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Global Vinyl Acetate Monomer (VAM) Industry […]
Japan’s savory snacks market expected to reach US$11.1bn in 2024, says GlobalData
The Japanese savory snacks sector is projected to grow from J¥1,067.4bn (US$9.8bn) in 2019 to J¥1,059bn (US$11.1bn) in 2024 at a compound annual growth rate (CAGR) of -0.2%, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Japan Savory snacks – Market Assessment and Forecasts to 2024’, reveals that the sector is majorly driven […]
Australia’s soups market expected to reach US$401m in 2024, says GlobalData
The Australian soups sector is projected to grow from A$509.9m (US$354.7m) in 2019 to A$588.2m (US$401m) in 2024 at a compound annual growth rate (CAGR) of 2.9%, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Australia Soups – Market Assessment and Forecasts to 2024’, reveals that the sector is majorly driven by the […]
Asia to lead global styrene-butadiene-rubber capacity additions by 2024, says GlobalData
The global styrene-butadiene-rubber (SBR) capacity is poised to register a total growth of 8% from 7.92 million tonnes per annum (mtpa) in 2019 to 8.57 mtpa in 2024. Asia leads the capacity additions among the regions and its SBR capacity is expected to increase from 4.17 mtpa in 2019 to 4.62 mtpa in 2024 at […]
Chinese soups market expected to reach US$112.4m in 2024, says GlobalData
The Chinese soups sector is projected to grow from C¥625.2m (US$91.7m) in 2019 to C¥755.6m (US$112.4m) in 2024 at a compound annual growth rate (CAGR) of 3.9%, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘China Soups – Market Assessment and Forecasts to 2024’, reveals that the sector is majorly driven by the […]
South Korea’s savory snacks market expected to reach US$921.2m in 2024, says GlobalData
The South Korean savory snacks sector is projected to decline from ₩1,094.5bn (US$935.8m) in 2019 to ₩1,079.6bn (US$921.2m) in 2024 at a negative compound annual growth rate (CAGR) of 0.3%, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘South Korea Savory snacks – Market Assessment and Forecasts to 2024’ reveals that the sector […]
Japan’s meat market expected to reach US$36.6bn in 2024, says GlobalData
The Japanese meat sector is projected to grow from J¥3,462.6bn (US$31.9bn) in 2019 to J¥3.5 trillion (US$36.6bn) in 2024 at a compound annual growth rate (CAGR) of 0.2%, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Japan Meat – Market Assessment and Forecasts to 2024’ reveals that the sector is majorly driven by […]
Asia to lead global acrylonitrile-butadiene-styrene capacity additions by 2024, says GlobalData
The global Acrylonitrile-Butadiene-Styrene (ABS) capacity is poised to register a total growth of 19% from 11.36 million tonnes per annum (mtpa) in 2019 to 13.49 mtpa in 2024, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Global Acrylonitrile Butadiene Styrene (ABS) Industry Outlook to 2024 – Capacity and Capital Expenditure Forecasts with Details […]
India’s soups market expected to reach US$117m in 2024, says GlobalData
The Indian soups sector is projected to grow from INR7,230.8m (US$102.7m) in 2019 to INR9,023.2m (US$117m) in 2024 at a compound annual growth rate (CAGR) of 4.5%, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘India Soups – Market Assessment and Forecasts to 2024’ reveals that the sector is majorly driven by growth […]
‘Make in India’ gets push with Thales-Bharat Dynamics agreement and ideaForge UAV deal, says GlobalData
Following the news that French multinational defense company Thales and Bharat Dynamics Ltd have signed an agreement to manufacture STARStreak Air Defence System, and the Indian Army has signed a US$20m contract with ideaForge to procure Switch unmanned aerial vehicle (UAV); Mathew George, Ph.D., Aerospace & Defense Analyst at GlobalData, a leading data and analytics […]
Philippines savory snacks market to reach US$1.48bn in 2024, says GlobalData
The Philippines savory snacks sector is projected to grow from ₱61bn (US$1.17bn) in 2019 to ₱79.1bn (US$1.48bn) in 2024 at a compound annual growth rate (CAGR) of 5.3%, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Philippines Savory snacks – Market Assessment and Forecasts to 2024’, reveals that the sector is majorly driven […]
Indian Navy looks for unmanned survey vessels, says GlobalData
Following the news that the Indian Navy has released a request for information (RFI) for unmanned survey vessels (USVs); Mathew George, Ph.D., Aerospace & Defense Analyst at GlobalData, a leading data and analytics company, offers his view: “The Indian Navy’s (IN) lookout for an unmanned survey vessel is in line with the global interests in […]
Diminished imports from top consumers further dent APAC midstream sector growth, says GlobalData
The global lockdown to contain the COVID-19 pandemic has led to low oil and gas demand and a decline in the global energy prices. Against this backdrop, several companies in the Asia-Pacific (APAC) region have realigned their capital spending during 2020, leading to delays in some pipeline and liquefied natural gas (LNG) projects in the […]
Malaysia’s savory snacks market to reach US$240.1m in 2024, says GlobalData
The Malaysian savory snacks sector is expected to grow from RM806.6m (US$193.0 m) in 2019 to RM1,012.1m (US$240.1m) in 2024 at a compound annual growth rate (CAGR) of 4.6%, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Malaysia Savory snacks – Market Assessment and Forecasts to 2024’, reveals that the sector is majorly […]
Indonesia’s soups market expected to reach US$9.2m in 2024, says GlobalData
The Indonesian soups sector is projected to grow from Rp98.9bn (US$7.0m) in 2019 to Rp136.4bn (US$9.2m) in 2024 at a compound annual growth rate (CAGR) of 6.6%, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Indonesia Soups – Market Assessment and Forecasts to 2024’, reveals that the sector is majorly driven by growth […]
Vehicle excise tax restructuring to support EV sales in Thailand, says GlobalData
The restructuring of vehicle excise tax, which is under study and tentatively planned to be implemented by 2026, will act as a catalyst to Thailand’s electric vehicles (EVs) sales and consequently, its roadmap. The country aims to achieve 30% share of EVs in total production by 2030, says GlobalData, a leading data and analytics company. […]
Malaysia’s enterprise storage market registers 9.2% decline in value in 2020, reveals GlobalData
The enterprise storage market in Malaysia registered a year-on-year (Y-o-Y) decline of 9.2% in its total value in 2020 due to the impact of COVID-19 disruptions on enterprise ICT spending, according to GlobalData, a leading data and analytics company. According to GlobalData, the enterprise storage market size in the country reached US$641m by the end […]
Asia witnessed highest crude oil refinery maintenance globally in 2020, says GlobalData
Asia had the highest crude oil refinery capacity under maintenance (both planned and unplanned) globally in 2020. The region had a refining capacity of 11,524 thousand barrels per day (mbd) under both planned and unplanned maintenance in 2020, according to GlobalData, a leading data and analytics company. The company’s report: ‘Global Crude Oil Refinery Maintenance […]
Communication and collaboration software market value in Malaysia registers 19% growth in 2020 amidst COVID-19, reveals GlobalData
While the enterprise spending on most ICT solutions in Malaysia declined in 2020 due to the COVID-19 crisis, the communications and collaboration software market in the country bucked the trend and registered a year-on-year (Y-o-Y) growth of 19.1%, finds GlobalData, a leading data and analytics company. According to GlobalData, the communications and collaboration software market […]
COVID-19 vaccine key conversation driver for Pfizer among Twitter influencers during Q4 2020, finds GlobalData
The Medicines & Healthcare Products Regulatory Agency (MHRA) in the UK and the US Food and Drug Administration (FDA) authorized Pfizer Inc. and BioNTech’s mRNA vaccine (BNT162b2) for emergency use against COVID-19 in December 2020. These approvals, supported by remarkable efficacy data, have led to a staggering 250% rise in the influencer conversations around Pfizer […]