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Industrial coatings market to reach USD 50.47 billion by 2021
Growing usage of industrial coatings in general industrial applications, as well as automotive sector is all set to escalate the industrial coatings market. The global industrial coatings market is estimated to grow at a CAGR of 5.0 per cent during the forecast period and will reach USD 50.47 billion by 2021. Additionally, growing emphasis on renewable energy facilities also drives the usage of industrial coatings. Read more
LANXESS continues to expect record earnings for 2017 following strong second quarter
Following a good second quarter 2017, specialty chemicals company LANXESS continues to expect the highest earnings in the company’s history for the current financial year. Global sales of the company increased by almost 30 per cent to EUR 2.5 billion, up from EUR 1.9 billion a year earlier. EBITDA pre exceptionals improved by around 25 per cent to EUR 367 million, compared with EUR 293 million in the prior-year quarter. Read more
Performance elastomers market predicted to reach USD 16.75 bn by 2022
The global market is estimated to grow from USD 11.69 billion in 2017 to USD 16.75 billion by 2022, at a CAGR of 7.5 per cent. Globally, people are opting for the products that deliver outstanding performance and have a long life cycle.Read more
Sensor patch market worth USD 562.1 mn by 2023
The sensor patch market is expected to be worth USD 562.1 million by 2023, at a CAGR of 47.03 per cent between 2017 and 2023. The growth of this market is mainly driven by increasing per capita healthcare expenditure and disposable incomes in OECD countries, consumer preference for wearable in health monitoring application, and comfortability offered by sensor patch.Read more
Triassic opens AI research centres in US and Canada
Trivandrum (Kerala) based Triassic Solutions Private Limited (TSPL) - an engineering services and manufacturing automation company - has opened Artificial Intelligence (AI) research facilities at Pleasanton (California) in the US and Toronto (Ontario) in Canada, to cater the healthcare, retail and semiconductor industries. Aneesh Suhail, CTO, will head these Triassic AI research centres. Read more
TN mango farmers increasE revenue using solar dryers
The German polymers company Covestro, along with Vivunes an organisation based at Chennai focused on green energy, has successfully helped an entire community of 70 farmers in Tamil Nadu’s Krishnagiri find additional source of revenue. The mango farming community have acquired solar dryers which will empower them to tap demand for dry resins in both domestic and international markets.Read more
High performance sieving machine improves the quality of pharmaceutical powders
Sri Krishna Pharmaceuticals Limited, known informally as Sri Krishna Pharma, is an established manufacturer of pharmaceutical products such as acetaminophen (paracetamol), folic acid, domperidone and furosemide, supplying more than 150 niche drugs to the Asian pharmaceutical market, as well as Europe and the USA.Read more
Economizer market to touch USD 11.54 bn by 2022
The industrial segment is projected to lead the economizer market during the forecast period from 2017 to 2022. The market was valued at USD 7.70 bn in 2016 and projected to reach USD 11.54 bn by 2022, at a CAGR of 6.7 per cent. Growing demand for clean and cheap energy sources, cost-effective cooling, and power efficient boilers is fueling the growth of economizer market across the globe.Read more
Aircraft sensors market to reach USD 2.25 bn by 2022
The aircraft sensors market is projected to grow from USD 1.68 billion in 2017 to USD 2.25 billion by 2022, at a CAGR of 6.01 per cent during the forecast period. Increase in aircraft orders is one of the key factors driving the aircraft sensors market. Read more
Showa Denko (SDK) supplies hydrogen made from used plastics
Showa Denko ("SDK"; TSE:4004) started to supply "low-carbon" hydrogen gas made from used plastics (low-carbon hydrogen) at its Kawasaki plant to TOMOE SHOKAI Co., Ltd.'s Shinsuna hydrogen station located in Koto-ku, Tokyo last month. TOMOE SHOKAI is a retailer of high-pressure gases, headquartered in Ota-ku, Tokyo.Read more