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China to account more than half of Asia’s liquids storage capacity growth through 2026, finds GlobalData

China is expected to dominate the liquids storage capacity growth in Asia, contributing about 53% of the total capacity growth between 2022–26. The country is likely to add 54.5 million cubic meters (mmcm) of liquids storage capacity by 2026, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Liquids Storage Industry Capacity and Capital […]
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SAIC joins league of global automakers with US$43bn investment in next-gen mobility, observes GlobalData

Following the news that Chinese automaker SAIC Motor plans to invest US$43bn in advanced technologies through 2025; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers his view: “The move comes as a major encouraging development for the state-owned Chinese auto giant that will elevate its next-gen mobility […]
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Companies plan to increase ESG investments to improve market performance, finds GlobalData survey

78% of medical device companies plan to increase ESG investments ESG related factors to drive operational decisions and corporate strategies 70% of ESG executives believe setting ESG targets good for company revenue With a vision to reach net-zero carbon emissions, many companies are planning to increase their expenditure on environmental, social, and governance (ESG) goals. […]
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GlobalData forecasts Asia to dominate global refinery CDU capacity additions through 2026

Asia is expected to witness the highest crude distillation unit (CDU) capacity additions globally, contributing about 48% of the total global CDU capacity additions by 2026, forecasts GlobalData, a leading data and analytics company. GlobalData’s report, “Refineries Capacity and Capital Expenditure Outlook, 2022-2026”, reveals that Asia is likely to witness a total CDU capacity addition […]
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China continues to drive Asia’s refinery CDU capacity additions through 2026, observes GlobalData

China is expected to dominate Asia’s refinery crude distillation unit (CDU) capacity additions, contributing about half of the regions’ total CDU capacity additions between 2022 and 2026, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Global Capacity and Capital Expenditure Outlook for Refineries, 2022–2026’ reveals that China is expected to witness a total […]
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European Commission withdraws MA for Pfizer’s Staquis, causing uncertainty for ‘mild to moderate’ AD treatment, says GlobalData

The European Commission (EC) withdrew the marketing authorisation (MA) for Pfizer’s topical phosphodiesterase-4 (PDE4), Staquis (crisaborole) in the EU (known as Eucrisa in the US). This highlights a gap in the market for the treatment of ‘mild to moderate’ atopic dermatitis (AD), one that has yet to be filled by an effective topical therapy. Although […]
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Global assisted reproductive technology consumable devices market to grow at 3% CAGR through 2030, forecasts GlobalData

The combination of rising public awareness of successfully achieving pregnancy through assisted reproductive technology (ART) and increased access to fertility clinics globally have resulted in the steady increase of ART procedures year-over-year. Against this backdrop, the ART consumable devices market is set to grow at a compound annual growth rate (CAGR) of 3%, resulting in […]
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Grab’s substantial Q4 loss reflects post-pandemic woes for shared mobility companies in APAC, says GlobalData

Following the news that Singapore-based Grab reported US$1bn loss in Q4 2021 on heavy incentive spending; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers his view: “Southeast Asia’s shared mobility giant Grab, which has been transforming into a SuperApp, has observed revenue loss owing to massive spending […]
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Product innovation continues to drive disposable endoscopes market growth in 2022, finds GlobalData

The rapid growth of the disposable endoscopes market will most likely cannibalize the growth potential of the reusable endoscopes market. In addition, new product lines continue to drive the expansion of the disposable endoscopes market. Sensing this opportunity, Danish company Ambu has recently launched the world’s first disposable gastroscope, says GlobalData, a leading data and […]
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Travel brands need to use social media to directly engage with younger cohorts, observes GlobalData

With social media proving to be the most cost-effective and impactful way of directly getting engaged with younger consumers, travel companies have begun to invest time and resource into this space for faster outreach and connection, finds GlobalData, a leading data and analytics company. GlobalData’s Job Analytics Database reveals that there was a 175.8% increase […]
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Diagnosed prevalent cases of atopic dermatitis set to reach 42.25 million in 2030 across 7MM, finds GlobalData

The 12-month diagnosed prevalent cases of atopic dermatitis (AD) across the seven major markets (*7MM) are projected to increase from 42.13 million in 2020 to nearly 42.25 million in 2030, with an annual growth rate (AGR) of 0.03%, according to GlobalData, a leading data and analytics company. GlobalData’s latest report: ‘Atopic Dermatitis – Epidemiology Analysis […]
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Hyundai Motor accelerates APAC and global electrification plans with fresh investments, observes GlobalData

Following the news that Hyundai has announced an influx of new investments in the Asia-Pacific, Europe, and North America to fast-track the company’s electric vehicle (EV) business; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers his view: “Hyundai Motor’s announced future strategies and the roadmap for electrification […]
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