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The resumption of talks at the Corps Commanders level between Indian and China to defuse the tensions around the Line of Actual Control (LAC) has brought India’s defense posture and procurement under the spotlight once again. The talks bring to the fore India’s armed forces, its equipment, preparedness and posture that highlights the need to […]
China to dominate liquids storage capacity additions in Asia through 2024, says GlobalData
China is expected to witness the highest liquids storage capacity additions in Asia, contributing about 32% of the region’s total capacity additions through 2024, says GlobalData, a leading data, and analytics company. GlobalData’s report, Global Capacity and Capital Expenditure Outlook for Liquids Storage, 2020-2024 – Asia Spearheads Global Liquids Storage Capacity Growth, reveals that China […]
Thailand’s hot drinks sector to reach US$2.17bn by 2024, says GlobalData
The Thai hot drinks sector which includes hot coffee, hot tea and other hot drinks is forecast to grow from ฿46.2bn (US$1.46bn) in 2019 to ฿65.9bn (US$2.17bn) by 2024, recording a compound annual growth rate (CAGR) of 7.3%, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Thailand Hot Drinks – Market Assessment and […]
Asia to spearhead global liquids storage capacity additions through 2024, says GlobalData
Asia is expected to witness the highest global liquids storage capacity additions, contributing around 46% of the global liquids storage capacity additions by 2024, says GlobalData, a leading data and analytics company. GlobalData’s report, Global Capacity and Capital Expenditure Outlook for Liquids Storage, 2020-2024 – Asia Spearheads Global Liquids Storage Capacity Growth, reveals that Asia […]
India, Russia and Iran to drive global ammonia capacity additions by 2030, says GlobalData
The global ammonia capacity is poised to see considerable growth by 2030, potentially increasing from 253.34 million tonnes per annum (mtpa) in 2019 to 289.83 mtpa in 2030, registering a total growth of 23%. India is expected to drive and contribute 18% of the global capacity additions by 2030, says GlobalData, a leading data and […]
Thailand’s cosmetics & toiletries industry set to reach US$8.57bn in 2024, says GlobalData
The Thai cosmetics & toiletries industry is forecast to grow from ฿194.2bn (US$6.15bn) in 2019 to ฿259.5bn (US$8.57bn) in 2024, recording a compound annual growth rate (CAGR) of 6.0%, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Thailand Cosmetics & Toiletries – Market Assessment and Forecasts to 2024’ reveals that the skincare was […]
Vietnam construction industry output set to grow by 5.5% in 2020, forecasts GlobalData
The Vietnam construction industry is the best performing one in the Asia-Pacific (APAC) region. Despite losing the momentum due to COVID-19, it has continued to grow strongly (relatively) in 2020. According to the General Statistics Office (GSO) of Vietnam, construction value-add recorded a growth of 5.7% (year-on-year) in Q3 2020. As a result, the cumulative […]
South Korea’s hot drinks market to register CAGR of 5.7% during 2019–2024, says GlobalData
The make-up sector in South Korea is expected to increase from ₩2.56 trillion (US$2.2bn) in 2019 to ₩3.38 trillion (US$2.9bn) by 2024, with a compounded annual growth rate (CAGR) of 5.7% over the forecast period of 2019-2024, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘South Korea Hot Drinks- Market Assessment and Forecasts […]
South Korea’s cosmetics & toiletries industry to reach US$21.2bn by 2024, says GlobalData
The cosmetics & toiletries industry of South Korea is expected to grow from ₩16.5 trillion (US$15.7bn) in 2019 to ₩22.3 trillion (US$21.2bn) by 2024, recording a compound annual growth rate (CAGR) of 6.2%, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘South Korea Cosmetics & Toiletries– Market Assessment and Forecasts to 2024’ reveals […]
‘Negative-Only’ flights elevate consumer confidence and increase tourism during holiday seasons, says GlobalData
Following the news that Indian airline IndiGo has collaborated with Stemz Healthcare to enable COVID-19 RT-PCR test for domestic as well international passengers; Animesh Kumar, Director of Travel & Tourism and Automotive Consulting at GlobalData, a leading research and consulting company, offers his view: “Increasing consumer confidence is the only way for the travel and […]
Rising environmental concerns indicate Ovolo Group’s move to go plant-based for a year is sensible, says GlobalData
Hong Kong-based Ovolo Hotels’ move to become completely vegetarian is a bold move which the industry can learn from and emulate. There is evidence for increased support for vegetarianism in the growing global meat substitute market, which has grown by *** (8%) in 2020 to reach US$5.1bn from US$4.7bn in 2019. The continuing success of […]
Thailand’s Defence Technology Institute seeks defense exports growth by tying up with local partners, says GlobalData
Thailand’s research and development agency Defence Technology Institute (DTI) is inviting proposals for business partners for the joint development and production of offshore patrol vehicles (OPVs) and 4×4 wheeled light tactical vehicles (LTVs) to improve domestic capabilities and provide the necessary support and backing to the domestic companies while seeking to boost defense exports, says […]
China’s BRI projects face uncertainty due to COVID-19 disruptions, says GlobalData
China’s Belt and Road Initiative (BRI) projects have been adversely affected due to the world-wide disruption caused by the COVID-19 crisis. Since the start of 2020, there has been a dip in BRI related activity due to the lockdown and economic uncertainty in China and then more recently, due to COVID-19 spread across the world. […]
Philippines’ hot drinks sector to reach US$2.5bn by 2024, says GlobalData
The Filipino hot drinks sector is expected to grow from ₱90.4bn (US$1.7bn) in 2019 to ₱134.8bn (US$2.5bn) by 2024, recording a compound annual growth rate (CAGR) of 8.3%, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Philippines Hot Drinks – Market Assessment and Forecasts to 2024’ reveals that the sector growth is driven […]
Cambodia to reduce reliance on hydropower by developing more coal and solar capacities during 2020-30, says GlobalData
Cambodia, which relies heavily on hydropower, has witnessed power shortages due to reduced hydropower generation owing to draughts and lower water levels in the dams. The country’s recent 10-year plan has low impetus on developing mainstream dams and seek alternative sources to meet the electricity demand from coal, LNG, solar PV and imports from neighbouring […]
Philippines’ cosmetics & toiletries industry to reach US$4.45bn by 2024, says GlobalData
The cosmetics & toiletries sector in the Philippines is projected to grow from ₱189.5bn (US$3.63bn) in 2019 to ₱239.1bn (US$4.45bn) by 2024, with a compound annual growth rate (CAGR) of 4.8%, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Philippines Cosmetics & Toiletries – Market Assessment and Forecasts to 2024’ reveals that the […]
Increasing desire for unique coffee experiences continues to drive demand in Malaysia, says GlobalData
The hot drinks sector in Malaysia is expected to reach 114.8 million kg by 2024 at a compounded annual growth rate (CAGR) of 2.7% during 2019-2024. The hot coffee consumption remains a daily ritual for a sizable portion of Malaysians but the increasing desire for unique coffee experiences continues to drive the demand. The growing […]
China to contribute 28% of global petrochemical capacity additions by 2030, says GlobalData
The global petrochemical capacity is poised to see considerable growth by 2030, potentially increasing from 2,129.0 million tonnes per annum (mtpa) in 2019 to 3,029.1 mtpa in 2030, registering a total growth of 42%. China accounts for 28% of the global capacity additions, says GlobalData, a leading data and analytics company. The company’s report, ‘Global […]
Domestic tourism may not offer lifeline needed for Thailand tourism recovery, says GlobalData
Amidst the political turmoil in Thailand, the domestic tourism recovery is getting stalled and delayed, reminding the tour operators that COVID-19 is not the only barrier for recovery. Domestic tourism revival has offered hope for many s during this pandemic but for Thailand, this may not be the case, says GlobalData, a leading data and […]
Malaysia’s cosmetics & toiletries industry to grow at a CAGR of 2.8% through 2019-24, says GlobalData
The cosmetics & toiletries industry in Malaysia is expected to reach 520.4 million units by 2024 at a compounded annual growth rate (CAGR) of 2.8% during 2019-2024, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Malaysia Cosmetics & Toiletries – Market Assessment and Forecasts to 2024’ reveals that the Skincare was the largest […]