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India, US agreement to enhance defense cooperation in geospatial intelligence domain, says GlobalData

Following the news that the US and India signed the Basic Exchange and Cooperation Agreement (BECA); Tushar M, Aerospace & Defense Analyst at GlobalData, a leading data and analytics company, offers his view: “BECA is anticipated to significantly enhance the geospatial cooperation between the US and India. It is the last of four foundational agreements […]
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International beauty and personal care brands likely to drive cosmetics and toiletries growth in Indonesia, says GlobalData

Rising dominance of various international beauty and personal care brands is likely to drive the cosmetics and toiletries industry in Indonesia to US$7.6bn in 2024, at a compounded annual growth rate (CAGR) of 8.1% over the forecast period 2019-2024, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Indonesia Cosmetics & Toiletries – Market […]
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China’s growing urbanization shifting consumer inclination towards cosmetics with anti-pollution features, says GlobalData

Growing urban population in China has significantly shifted consumer inclination towards cosmetics with anti-pollution characteristics. As a result, the cosmetics and toiletries industry is expected to grow from C¥494.6bn (US$72.6bn) in 2019 to C¥658bn (US$97.9bn) in 2024, recording a compounded annual growth rate (CAGR) of 5.9%, says GlobalData, a leading data and analytics company. GlobalData’s […]
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COVID-19 and advancement of Indonesia’s export ban to reduce global nickel output by 7.4% in 2020, says GlobalData

Global nickel production is expected to decline by 7.4% to 2,195 thousand tonnes (kt) in 2020. Temporary suspensions of mines caused by the COVID-19 pandemic, along with the advancement of Indonesia’s export ban are expected to be the significant contributors towards this decline, according to GlobalData, a leading data and analytics company. Indonesia’s mine production […]
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Japan’s cosmetics and toiletries industry to reach US$45.5bn in 2024, says GlobalData

The Japanese cosmetics and toiletries industry is expected to grow from J¥3.96 trillion (US$36.5bn) in 2019 to J¥4.33trillion (US$45.5bn) in 2024, recording a compound annual growth rate (CAGR) of 1.8%, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Japan Cosmetics & Toiletries – Market Assessment and Forecasts to 2024’, reveals that the industry […]
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Chinese beauty industry betting big on localization to enhance customer engagement, says GlobalData

While the Chinese beauty (C-beauty) industry is dominated by global brands, local brands are quick to introduce suitable products in line with the evolving consumers’ preferences. Similar to J-beauty, C-beauty is steeped in local tradition and heritage, including ingredients and rituals from traditional Chinese medicine. Brands are banking heavily on eye-catching product claims, trendy ingredients, […]
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Rheinmetall’s military vehicle facility in Australia strengthens its position in APAC market, says GlobalData

Following the news that Rheinmetall has opened its Military Vehicle Centre of Excellence (MILVEHCOE) in Australia; Stelios Kanavakis, Defense Analyst at GlobalData, a leading data and analytics company, offers his view on the inauguration: “The announcement is a major milestone for Rheinmetall as it establishes an industrial, technological, maintenance and research center in Australia, which […]
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