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Asia is expected to lead the global ethylene industry capacity growth from new-build and expansion projects between 2019 and 2030, with 47% share, according to GlobalData, a leading data and analytics company. The company’s report ‘H2 2019 Global Ethylene Capacity and Capital Expenditure Outlook – China Leads Globally in Terms of Planned and Announced Ethylene […]
Decline in mobile and fixed voice revenue to drag South Korea’s telecom & pay-TV market growth during 2019-2024, says GlobalData
The total telecom and pay-TV services revenue in South Korea is expected to decline at a compound annual growth rate (CAGR) of 0.3% in between 2019 and 2024. Growth in mobile data, fixed broadband and pay-TV segments’ revenues will however fail to offset steady decline in revenues from mobile voice, messaging and fixed voice segments, […]
Digital technologies change the way APAC consumers manage their health, says GlobalData
In the ‘information economy’, health-conscious consumers are seeking conveniences that make their health goals easier to reach, often using the Internet and mobile applications. In line with this, companies are embracing technologies such as Artificial Intelligence (AI) and augmented reality to deliver more sophisticated, convenient and personalized experiences to consumers. As a result, guided health […]
APAC brands enhancing products with new and exciting benefits to fulfil needs of demanding consumers, says GlobalData
As consumers are seeking products that meet not only their core expectations but also deliver unexpected, high-valued and exciting benefits (Ordinary to Extraordinary trend), brands in the Asia-Pacific (APAC) region are making every effort to create unique and innovative products to satisfy the requirements of the experimental consumers, says GlobalData, a leading data and analytics […]
India set to contribute 53% of Asia’s new-build trunk pipeline length additions by 2023, says GlobalData
India is expected to lead Asia’s oil and gas new-build trunk/pipeline length additions, contributing around 53 percent of Asia’s planned and announced pipeline length additions between 2019 and 2023, says GlobalData, a leading data, and analytics company. The company’s report, ‘Global Planned Oil and Gas Pipelines Industry Outlook to 2023 – Capacity and Capital Expenditure […]
Food delivery app Woowa helps Delivery Hero to expand leadership in Asia, says GlobalData
Germany-based Delivery Hero has recently agreed to buy South Korea’s top food delivery app Baedal Minjok operator Woowa Brothers Corp. for about US$4bn. The acquisition is in line with Hero’s strategy to expand leadership in the Asia-Pacific (APAC) region, says GlobalData, a leading data and analytics company. According to GlobalData, hyper-connected and time-scarce consumers seek […]
Vietnam aims for better grid management through auction schemes for large-scale solar PV projects, says GlobalData
To infuse more transparency and competitiveness, better grid management and reduction in investment risk and electricity prices, Vietnam’s Ministry of Industry and Trade (MOIT) has announced to shift from feed-in-tariffs (FIT) system to new auction schemes for large-scale, grid-connected solar photovoltaic (PV) projects, says GlobalData, a leading data and analytics company. Tarun Bhutani, Project Manager […]
Major trends impacting evolving beauty landscape in APAC, according to GlobalData
With consumers exploring the latest beauty trends, the beauty and personal care industry in the Asia Pacific (APAC) region has become a trendsetter across various beauty categories. Shagun Sachdeva, Consumer Insights Analyst at GlobalData, a leading data and analytics company, highlights some of the major innovative beauty trends in the APAC region. Customization Consumers in […]
China to lead global ethylene capacity additions by 2030, says GlobalData
China is expected to lead the global ethylene industry capacity growth from planned and announced projects between 2019 and 2030, with 26% share, according to GlobalData, a leading data and analytics company. The company’s report ‘H2 2019 Global Ethylene Capacity and Capital Expenditure Outlook – China Leads Globally in Terms of Planned and Announced Ethylene […]
Cosmetic brands in APAC using male celebrities to break gender stereotypes, says GlobalData
With the issue of gender equality becoming more prominent, consumers are increasingly defying traditional gender stereotypes, resulting in growing fluidity between typical gender behaviors and definitions. Against this backdrop, brands in the Asia-Pacific (APAC) region have started to leverage male celebrities as influencers to create brand appeal among the millennials, says GlobalData, a leading data […]
South Korea holds strong outbound tourists’ growth compared to other APAC countries, says GlobalData
The South Korean outbound tourism market has overtaken India in international departures to emerge as the second highest outbound travellers’ destination from the Asia-Pacific (APAC) region, says GlobalData, a leading data and analytics company. International departures from China dominate the total outbound travelers from the APAC region; however, South Korea is likely to be a […]
Economic slowdown affecting solar installations in India, says GlobalData
The economic slowdown in India and consequently the lack of inflow of investments are affecting the renewable energy sector, including the solar power segment, says GlobalData, a leading data and analytics company. The Ministry of New & Renewable Energy (MNRE) had set a target of 8.5 gigawatt (GW) of solar installations during the financial year […]
Japan’s beauty industry set to reach US$41.9bn by 2023, says GlobalData
With the sales of Japanese beauty (J-beauty) and grooming products rising exponentially in recent years, brands are making every effort to tap the available opportunities. Against this backdrop, the Japanese cosmetics and toiletries (C&T) market is forecast to grow at a compound annual growth rate (CAGR) of 3.5% from US$35.3bn in 2018 to US$41.9bn in […]
Smart packaging brands in APAC offer new disruptive tools to combat counterfeiting, says GlobalData
Brands in the Asia-Pacific (APAC) region are making efforts to enhance the transparency of their operations by offering new disruptive tools through smart packaging to combat counterfeiting, says GlobalData, a leading data and analytics company. GlobalData’s 2018 Q4 consumer survey reveals that 68% of consumers in APAC are always or often influenced by how trust-worthy […]
Waterless cosmetics concept drawing attention of APAC consumers, says GlobalData
Waterless beauty concept traces its roots to the South Korean beauty (K-beauty) industry that has been a pioneer in the development of personal care products using oils and botanical extracts without water. As a result, a range of waterless cosmetics have come to the fore in recent years in the Asia-Pacific (APAC) beauty and personal […]
Brands benefitting by catering supplement-infused beauty products to APAC consumers, says GlobalData
With consumers more inclined towards natural beauty/grooming products owing to growing health awareness, the beauty and health and wellness brands in the Asia-Pacific (APAC) region are making cross-collaborations to offer supplement-infused beauty products to the consumers, says GlobalData, a leading data and analytics company. According to GlobalData Consumer Survey Q3 2019, 87% and 86% consumers […]
57% consumers in APAC highly ingredient-attentive with regards to food and beverages, says GlobalData
Consumers are increasingly demanding for the incorporation of ‘better-for-you’ ingredients into every product they use in their daily lives. With this change in lifestyle owing to the growing consumer awareness of their personal health and wellbeing, 57% consumers in the Asia-Pacific (APAC) region have become natural ingredient-attentive in their food and beverages, says GlobalData, a […]
China to lead global acrylic acid capacity additions by 2023, says GlobalData
China is set to drive capacity growth in the global acrylic acid industry from planned and announced projects between 2019 and 2023, contributing around 43% of the global growth by 2023, says GlobalData, a leading data and analytics company. The company’s report, ‘Global Acrylic Acid Industry Outlook to 2023 – Capacity and Capital Expenditure Forecasts […]
Millennials and Gen Z taking charge of APAC beauty market, says GlobalData
The millennials and Generation Z (Gen Z) in the Asia-Pacific (APAC) region are showing an increased awareness of environmental elements and pollutants with regards to beauty brands, demanding for more ‘clean beauty’ products with claims like ‘more close to nature’, ‘vegan’ and ‘cruelty -free’, says GlobalData, a leading data and analytics company. Sumit Chopra, Consumer […]
Clean beauty trend getting attention with 35% APAC consumers looking for cruelty-free beauty products, says GlobalData
With the clean beauty concept starting to open up in the Asia-Pacific (APAC) region lately, multinationals within the cosmetics & toiletries (C&T) industry are revamping their product portfolio with precisely tailored sensory properties and indulgent benefits. Against this backdrop, 35% consumers in APAC are actively looking for products with ‘cruelty-free’ claim while purchasing beauty/grooming products, […]