Why Is Silica Aerogel Used in Insulation Systems?

 Silica aerogel is used in thermal insulation systems, as it has the potential to substitute traditional insulation materials like fiberglass, polystyrene foam, cellulose, mineral wool, and polyurethane foam, and the systems made with this synthetic material consume less energy. Silica aerogel with low thermal conductivity offers more benefits than the traditional materials used for thermal insulation. Moreover, its efficiency in transmitting solar radiation increases its importance in the construction industry, and its transparency property makes it suitable for windows and skylights, which are used in buildings, for the insulation process. 

Moreover, surging application of silica aerogel in the oil & gas sector will increase the revenue of the silica aerogel market from $273.0 million in 2015 to a substantial size by 2022. The installation process for this material is easy and quick that reduces the cost incurred by fabricators and installers.   According to P&S Intelligence, the market will showcase a CAGR of 31.1% during 2016–2022. Furthermore, the high thermal insulation capacity and lightweight feature of silica aerogel have led to its increased usage in the aerospace and defense sectors. 

Aerogel is produced from inorganic and organic predecessors by using a conventional technique of sol-gel polymerization that converts monomers into a colloid solution known as a sol. A semi-solid gel is formed by the combination of sol particles. Whereas, a solid aerogel is created when the solvent is displaced from wet gel via air without breaking the gel structure. This polymer has a nanostructure that comprises particles and pores that are quite smaller than the wavelength of visible spectrum. This chemical property gives thermal, acoustic, and optical features to the aerogel. 

Additionally, the eco-friendly characteristic of silica aerogel is one of the key reasons behind its widening application base. The material is manufactured by using environment-friendly raw materials that are similar to natural substances, such as silicates, which are available in abundance and do not emit toxic chemicals. Moreover, the recyclable feature of silica aerogel sponges makes them cost-effective and eco-friendly. Due to these properties, the usage of this material has escalated in several sectors, such as healthcare, building insulation, aerospace, oil & gas, and construction. 

Geographically, North America consumed the maximum quantity of silica aerogel in 2015 and the U.S. emerged as the largest consumer in the world. This is due to the comprehensive research and development (R&D) conducted by the National Aeronautics and Space Administration (NASA) on silica aerogel. On account of its exceptional thermal insulation property and lightness, the aerogel was utilized by NASA for the Mars Exploration Rover Mission. The space agency is also working toward curtailing the production cost of silica aerogel to make it viable for commercial purposes. 

On the other hand, the European silica aerogel market is expected to utilize this aerogel at the fastest pace in the coming years. This can be attributed to the escalating usage of silica aerogel in the construction sector. Moreover, the implementation of energy-efficient policies by the European Union (EU) that obligate every building in the member nations to reduce their greenhouse gas emissions will fuel the demand for this material in the region.

Thus, the excellent insulation and eco-friendly properties of silica aerogel will increase its application in the coming years.

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Why is Preferred Technique in Microbial Identification Market?

 Infection is one of the most common causes of diseases, and several of these infections have proved a pestilence. In the current scenario, the COVID-19 epidemic is the world’s deadliest infection, killing over 340,000 people as of May 2020, since being detected in December 2019. Due to the rapidly increasing number cases and deaths, the adopted of microbial identification methods is increasing around the world, to ascertain whether someone has the virus or not, and if not, which other microbe could be causing the symptoms.

Apart from coronavirus, several other microbial infections have ran riot on the earth, including human immunodeficiency virus (HIV)/acquired immune deficiency syndrome (HIV/AIDS), measles, polio, Zika, cholera, tuberculosis, anthrax, leprosy, dengue fever, malaria, and bubonic plague. Due to the rising prevalence of many such pathogen-borne diseases, the microbial identification market is growing rapidly across the world. Several consumables, services, and instruments and software are required to efficiently establish the presence of microorganisms in a given sample. Among them, consumables are the most widely bought around the world, as reagents, kits, media, and plates are used in every individual test, so they deplete rather quickly. 

In the coming years, the demand would increase the fastest for instruments and software, mainly as a result of the advancements in the microorganism-detecting technologies. For instance, the matrix-assisted laser desorption/ionization time-of-flight (MALDI-TOF) method is becoming widely popular, as it is cost-effective, offers faster results, and requires less amounts of consumables. In the present times, when hundreds of people are being tested for COVID-19 at individual medical centers, such cheap and quick-analysis techniques could witness a swift rise in demand.

There are mainly two methods to detect the presence of viruses, bacteria, parasites, and fungi in the human body: genotypic and phenotypic. Though the phenotypic method has been the convention, users are rapidly shifting to the genotypic alternative, because it is more reliable and accurate, on account of being based on the analysis of the nucleic acid. Both these techniques are utilized for food and beverage testing and diagnostic, environmental, and pharmaceutical applications. Among these, diagnostic applications account for a significant consumption of microbial identification instruments, consumables, software, and services. 

This is simply because of the high prevalence of infectious diseases around the world, most of which are easily communicable to healthy people. Therefore, the infections need to be identified and treated as quickly as possible, to check the spread to other people. Similarly, food and beverage testing is also a prominent sector where microbes need to be detected. This is because of the stringent quality guidelines imposed on food and beverage companies, such as by the Food and Drug Administration (FDA). These policies, coupled with the increasing awareness of people about food contamination, are leading to an increase in the adoption of microbe testing methods in this sector. 

In the coming years, Asia-Pacific (APAC) would observe microbial identification market growth at the highest rate, on account of the rising incidence of infectious diseases here, primarily due to the booming population of the elderly. Due to their weakened immunological response, the geriatric population is more prone to infections, which also affect them more severely than other people. Similarly, the biotechnology and pharmaceutical sectors are also expanding in the region, which are also significant users of the various services, software, instruments, and consumables that make microbial identification possible.

Therefore, due to the rising menace of infections, presently COVID-19, as well as the expansion of the biotech, pharma, and food and beverage sectors, the adoption of microbial identification methods will keep rising.

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How Is Automotive Sector Pushing Methylene Chloride Sale?

 The International Organization of Motor Vehicle Manufacturers (OICA) states that 1,427,074 vehicles, 3,506,774 vehicles, 447,218 vehicles, 3,176,600 vehicles, 691,286 vehicles, 3,394,446 vehicles, 25,225,242 vehicles, and 2,014,055 vehicles were manufactured in Thailand, South Korea, South Africa, Mexico, Indonesia, India, China, and Brazil, respectively, in 2020. The surging automobile production in developing countries is creating an extensive requirement for paints and adhesives, owing to which the consumption of methylene chloride will rise in the foreseeable future.

Moreover, the surging requirement for auxiliary blowing agents will also accelerate the consumption of methylene chloride in the upcoming years. This compound is being used as an auxiliary blowing agent in the production of flexible slabstock polyurethane foam in the furniture and bedding industry because it provides softer foam than fluorocarbon. Additionally, the usage of methylene chloride as an auxiliary agent helps several end-use industries conduct research, reduce production costs, and explore numerous productive ways to cater to the needs of customers efficiently.   

In addition to foam production, methylene chloride, a colorless and volatile liquid with a sweet aroma, is also used in the metal cleaning, pharmaceutical, and food and beverage sectors. Thus, the increasing consumption of packaged food products due to the soaring global population, and the rising need for pharmaceutical products because of the growing prevalence of infectious and chronic diseases, will also result in the largescale consumption of methylene chloride, worldwide. For instance, the United Nations Department of Economic and Social Affairs (UNDESA) forecasts that the world population will rise from 7.7 million in 2019 to 9.7 billion by 2050.

To cater to the needs of the pharmaceutical, paint and adhesives, food and beverage, and metal sectors, Akzo Nobel N.V., INEOS Group Holding S.A, LOTTE Fine Chemical, Eastman Chemical Company, Occidental Petroleum Corporation, PJSC Khimprom, Asahi Glass Co. Ltd., Shin-Etsu Chemical Co. Ltd., Olin Corporation, and KEM ONE are producing methylene chloride. Additionally, these companies also offer their products to the electronics industry, as it uses this organic compound as a solvent in paint removers.

Globally, the Asia-Pacific (APAC) led the methylene chloride market in the recent past. This was on account of the booming population, the flourishing pharmaceutical industry due to the surging focus of governments on providing health services at affordable prices, and the growing infrastructure sector in the region. Additionally, the widening production base, increasing number of industrial plants in developing countries, and expanding application bases, such as metal cleaning and food and beverages, will also facilitate the consumption of methyl chloride in the region.  

Thus, the rising automobile production and adoption in developing countries, the booming construction sector, and the increasing requirement for auxiliary blowing agents will facilitate the consumption of methylene chloride in the forthcoming years.     

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Muscle Relaxant Drugs Market to Witness Growth because of Increasing Incidence of Skin Diseases

 Today, the population of people aged 60 years or above is growing much faster than it was a few years back. As per the World Health Organization (WHO), the proportion of aged people will nearly double from 12% in 2015 to 22% in 2050. Owing to this, the medical settings need to be prepared for catering to the needs of this age group, since the geriatric population is more susceptible to diseases and therefore requires frequent and effective care. As a person grows older, their bodily functions start needing much more care. The physical body becomes weaker, which is why older people are also more prone to muscle spasms and body pain.

Because of this, the demand for muscle relaxants is growing at a swift pace. Muscle relaxants are utilized for preventing and reducing muscle spasms and tightness, which may occur due to an uncontrolled contraction of muscles. The muscle contract sudden resulting in pain, which creates the need for medical intervention. Ascribed to these factors, the global muscle relaxant drugs market is projected to grow at a rapid pace in the coming years. The three major types of muscle relaxants are neuromuscular blocking agents, facial aesthetic relaxants, and skeletal muscle relaxants. 

Out of these, the demand for facial aesthetic relaxants was the highest in the past, which is basically because of the high safety and efficiency of these drugs. Different types of facial aesthetic relaxant drugs are dysport and Botox, between which, the demand for Botox was higher in the past. Other than this, the demand for skeletal muscle relaxants is also expected to rise in the near future. Antispastic and antispasmodic are two types of skeletal muscle relaxants. Antispastic agents are utilized for conditions such as multiple sclerosis and cerebral palsy and antispasmodic agents are used for the management of musculoskeletal conditions such as neck pain, tension headaches, and lower back pain. 

The growing incidence of skin diseases is also resulting in the growing requirement for different muscle relaxant drugs. Factors such as exposure to ultraviolet radiation, excessive tobacco and alcohol consumption, and surging pollution lead to reduction in reduced skin elasticity and the skin becomes susceptible to sunburns. In addition to this, acne is the most common dermatological condition and affects a large number of people all across the globe. Attributed to these factors, people are increasingly making use of botulinum toxic-based muscle relaxant procedures for treating skin diseases. 

Owing to the growing utilization of facial muscle relaxants and surging geriatric population, North America has been a major consumer of muscle relaxants in the past. Furthermore, increasing research & development investments, rising awareness regarding musculoskeletal problems and their management, and advancements in healthcare infrastructure are also driving the demand for muscle relaxants in the region. Apart from this, the Asian region is predicted to emerge as the fastest-growing muscle relaxant drugs market in the coming years, which is due to the rising prevalence of chronic diseases, increasing number of surgeries, and surging geriatric population.

Hence, the demand for muscle relaxant drugs is also growing due to the rising geriatric population and increasing incidence of skin diseases around the globe.   

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How Is Surging Chronic Disease Prevalence Creating Patient Engagement Solutions Demand?

 Patients suffering from chronic diseases such as cancer, obesity, diabetes, and cardiovascular diseases (CVDs) require constant engagement with medical facilities as such ailments affect people for a long duration and need constant monitoring. According to the International Diabetes Federation (IDF), 700 million people in the age bracket of 20–79 years will be suffering from diabetes by 2045. Further, the World Health Organization (WHO), CVDs, diabetes, and cancer account for 17.9 million, 1.5 million, and 9.3 million deaths respectively, each year.  

In recent years, patient engagement solution providers, such as Medical Information Technology Inc., Computer Programs and Systems Inc., Allscripts Healthcare Solutions Inc., InterSystems Corporation, International Business Machines Corporation (IBM), Epic Systems Corporation, Cerner Corporation, eClinicalWorks LLC, and athenahealth Inc. are actively engaging in research and development (R&D) for introducing novel solutions to improve the condition of patients. For example, in April 2018, McKesson Corporation introduced Health Mart Atlas to deliver high-quality care. This managed-care solution is a strong network of high-performing community pharmacies.

Patient management software, hardware, and services offered by the aforementioned solution providers are used in health management, financial health management, home health management, and social and behavioral health management applications. In recent years, patient engagement solutions were primarily used in health management applications, due to the surging adoption of technological solutions, owing to the rising government initiatives toward spreading awareness among people regarding disease prevention. Owing to the wide application base of such solutions, they are used by individuals as wells as healthcare organizations. 

According to P&S Intelligence, North America dominated the patient engagement solutions market in the recent past, due to the surging incidence of chronic ailments and the soaring number of healthcare information technology (HIT) solution providers in the region. For instance, according to the Centers for Disease Control and Prevention (CDC), cancer, diabetes, and heart disease are the most common causes of disabilities and fatalities in the U.S. Moreover, the presence of a well-established healthcare infrastructure is boosting the adoption of patient engagement solutions in the region. 

Whereas, Asia-Pacific (APAC) is expected to adopt patient engagement solutions at the fastest pace in the foreseeable future. This can be attributed to the increasing prevalence of chronic diseases, rising awareness about such solutions for managing patients, and escalating geriatric population in the region. For example, the International Diabetes Federation (IDF) predicts that the number of diabetic patients in South East Asia in the age group of 20–79 years will increase from 88 million in 2019 to 153 million by 2045. 

Thus, the growing incidence of chronic diseases and increasing government support for patient-centric care will fuel the adoption of patient engagement solutions in the coming years.  

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Enactment of Strict Emission Regulations Driving Demand for Automotive Elastomers

 One of the major factors driving the worldwide demand for automotive elastomers is the implementation of stringent environmental regulations in several countries for mitigating CO2 emissions. Moreover, many international organizations are increasingly enacting strict guidelines for reducing greenhouse gas emissions. For instance, many organizations in Europe and North America are enacting policies that mandate the production and incorporation of lightweight materials in automobiles in order to mitigate CO2 emissions and achieve the preset emission targets by 2025.

Similar policies have been enacted by the governments of various countries in the Asia-Pacific (APAC) region. China, which is the largest emitter of greenhouse gases in the region, intends to introduce policies for controlling its emission levels. Other countries in the region such as India, Indonesia, and Australia, are also enacting regulations for reducing the effects of climate change by mitigating the generation of carbon emissions. The enactment of these policies is creating lucrative growth opportunities for the players operating in the automotive elastomers market.  

Furthermore, many North American and European countries are strictly adhering to emission regulations by focusing heavily on fuel economy, which is make the adoption of lightweight, high-precision, and durable automotive elastomers necessary for gaskets, weather seals, and hoses in automobiles. The Environmental Protection Agency (EPA) has enacted emission standards and regulations for light cars and trucks in North America. For passenger cars, the targeted permissible emission limit has been set at 143 grams per miles (g/mi) which is lower than the limit set for 2016, which was 225 g/mi.

Between these, the demand for synthetic elastomers was found to be higher during the last few years. On the other hand, in the coming years, the sales of thermoplastic elastomers are expected to rise at a faster pace, on account of the high durability and excellent physical characteristics of thermoplastic elastomers, which make them very popular among automobile manufacturing companies around the world. Geographically, the demand for automotive elastomers soared in the Asia-Pacific (APAC) region in the years gone by.

This was because of the rapid expansion of the automotive industry and the large-scale adoption of lightweight materials by automobile manufacturers in the region. In the coming years, the sales of automotive elastomers are predicted to surge in North America and Europe. This is credited to the boom in the automotive industry, enactment of strict emission regulations, and rising popularity of high-performance automobiles in these regions. In North America, the demand for these elastomers was the highest in the U.S. in 2015. 

Hence, the demand for automotive elastomers will shoot up in the forthcoming years, mainly because of the increasing implementation of strict emission regulations by various international organizations and governments and the expansion of the automobile industry.  

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Advanced Wound Care Market to Grow due to Rising Incidence of Diabetes

 The number of burn cases across the globe is rising rapidly. For example, about 180,000 deaths occur due to burns every year, and majority of these cases occur in low- and middle-income countries, as per the World Health Organization. In addition to this, the annual number of burn incidence in India is about 6–7 million. A burn injury is caused by heat because of radioactivity, radiation, friction, electricity, or contact with chemicals. The damage caused by burn can cause severe damage to the skin and other affected tissues, which is why proper treatment is required for these cases. 

Owing to this, the demand for advanced wound care products is growing rapidly. These products have a higher absorption capacity as compared to conventional wound care products, including sponge, wadding, gauze, and plaster, which is a crucial aspect for preventing wound seepage. Advanced wound care products also allow the exchange of oxygen, simultaneously blocking the entry of microbes into wounds, aid in the formation of new tissues, and retain moisture. It is due to these benefits that the global advanced wound care market is expected to progress at a significant pace in the years to come.  

Different kinds of advanced wound care products are active wound care products, advanced wound dressing, and wound therapy devices. Among all these, the demand for advanced wound dressing =s was the highest in the past. Collagen dressing, foam dressing, hydrogel dressing, hydrocolloid dressing, alginate dressing, and film dressing. Types of wound therapy devices are electrical stimulation devices, negative pressure wound therapy (NPWT) device, and oxygen & hyperbaric oxygen equipment. The demand for NPWT devices is expected to grow considerably in the years to come. Topical agents and artificial skin & skin substitutes are the two types of active wound care products.  

Other than burns, advanced wound care products are also utilized for treating surgical & chronic wounds and ulcers. The highest demand for these products was created for surgical & chronic wounds, which can be ascribed to the surging cases of obesity and diabetes, growing geriatric population, and rising incidents of road accidents. Outpatient facilities and inpatient facilities are the major end users of advanced wound care products. Between these two, the demand for these products was the highest from inpatient facilities in the past due to the fact that these facilities provide specialized facilities to patients suffering from different kinds of wounds.

Geographically, North America has been the largest user of advanced wound care products in the past, owing to the rising cases of obesity and diabetes, increasing geriatric population, and surging cases of road accidents in the region. Other than this, the Asia-Pacific region is projected to emerge as the fastest-growing advanced wound care market in the coming years. This is particularly attributed to the surging number of burn case and diabetes in the region. 

Hence, the demand for advanced wound care products is rising due to the growing number of burn cases around the globe.   

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Construction of Green Buildings Propelling Construction Chemical Sales

 With the increasing urbanization rate, especially in developing countries such as India, South Africa, Brazil, and China, on account of the rapid migration of people from rural areas to urban areas for better employment opportunities and a higher standard of life, the demand for construction chemicals is surging sharply. This is attributed to the fact that the soaring population of people in urban areas is positively impacting the demand for new buildings, offices, and factories, which is, in turn, fueling the launch of many large-scale construction projects.

Additionally, the rapid construction of green buildings, on account of the increasing concerns being raised over the escalating pollution levels and the burgeoning requirement for energy conservation in buildings, is also driving the sales of construction chemicals, thereby causing the expansion of the construction chemicals market. Moreover, green building materials can massively reduce the emission of harmful gases, which further boosts their popularity across the world. Additionally, these chemicals have the ability to improve the durability of buildings and provide protection against various environmental hazards.  

Adhesives, protective coatings, concrete admixtures, sealants, asphalt modifiers, and others such as flooring chemicals and flame retardants are the most widely used types of construction chemicals across the world. Out of these, the demand for concrete admixtures was found to be the highest in 2017. This was because of the extensive use of admixtures, owing to their ability to reduce the cost of construction by modifying the traits of the hardened concrete. For instance, the addition of admixtures to water can reduce water requirement by 5–10%. 

Geographically, the sales of construction chemicals are predicted to rise at the fastest pace in the Asia-Pacific (APAC) region in the coming years. This is ascribed to the burgeoning demand for construction chemicals in regional countries such as China and India. China is widely considered as the world’s construction capital and the country is witnessing the launch of several construction projects. Moreover, the government is also making huge investments in infrastructure projects, which is also boosting the sales of construction chemicals in the country. 

Thus, the demand for construction chemicals is certain to explode in the forthcoming years, primarily because of the increasing construction and infrastructural development activities, on account of the surging population of urban people, and rapid construction of green buildings across the world.     

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Demand for Wound Closure Products Set to Explode in Asia-Pacific in Future

 The increasing incidence of road accidents is one of the major factors fueling the demand for wound closure products around the world. The wounds caused due to accidents are usually exposed to debris, soil, bodily fluids, and microbes. Moreover, these wounds often result in tissue loss, which subsequently extends the body’s healing process. Apart from the rising prevalence of road accidents, the increasing occurrence of burn cases is also positively impacting the demand for wound closure products around the world. 

According to the American Burn Association (ABA), the U.S. witnessed nearly 486,000 burn injuries in 2011. Surgical intervention is usually required for healing these injuries. As wound closure products are heavily used in surgical procedures for closing the wounds caused due to surgical incisions, the growing incidence of burn cases is propelling their worldwide demand. Wound closure products assist in the management of wounds in both external and internal surgical applications. 

The growing prevalence of chronic wounds is also fueling the sales of wound closure products around the world. This is because surgical intervention is usually required for treating chronic wounds such as pressure ulcers, venous leg ulcers, and diabetic foot ulcers. Due to these factors, the demand for wound closure products is surging sharply across the world. This is, in turn, driving the advancement of the global wound closure products market. 

Sutures, surgical staples, wound closure strips, adhesives and tissue sealants, and hemostats are the major types of wound closure products used all over the world. Out of these, the demand for sutures was found to be the highest during the last few years. This was ascribed to the huge prevalence of chronic wounds and surgeries across the world. General, cardiovascular, orthopedic, gynecological, and ophthalmic surgeries are the biggest application areas of wound closure products.

Out of these, the requirement for these products was observed to be the highest in cardiovascular diseases in the years gone by. This was credited to the high incidence of cardiac surgeries, because of the widespread prevalence of various heart diseases all over the world. Across the globe, the sales of wound closure products were the highest in North America in the past years, as per the observations of P&S Intelligence, a market research company based in India.

On the other hand, the demand for these products is predicted to surge sharply in the Asia-Pacific (APAC) region in the forthcoming years. This will be a result of the growing incidence of road accidents, chronic wounds, and burn cases and the rising requirement for surgical procedures in the regional countries. Moreover, the soaring healthcare expenditure, especially in India and China, is also bolstering the demand for wound closure products in the region.

Hence, it is safe to say that the demand for wound closure products will rise enormously all over the world in the upcoming years, primarily because of the increasing number of surgical procedures and the growing incidence of road crashes and burn cases all over the world. 

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Why will Sales of Portable Ultrasound Devices Boom in Asia-Pacific in Future?

 Ultrasound is widely used for both therapeutic and diagnosis purposes. Ultrasound imaging is a commonly used medical imaging method that employs the use of high frequency sound waves and their echoes for producing cross-sectional images of the human body. Ultrasound devices are very easy to operate and take from one place to another, especially in remote areas. These devices are primarily used at point-of-care, on account of the fact that they are smaller and lighter and highly convenient to carry.

Medical ultrasound systems operate at very high frequencies, commonly in the range of 1-10 MHz. These machines calculate the distance from the organ or tissue to the probe with the help of the speed of the sound within the tissue and the time taken for each echo to return. The increasing incidence of chronic diseases and the soaring population of geriatric people are the two major factors fueling the demand for portable ultrasound devices. 

Additionally, the surging healthcare expenditure and the rapidly developing healthcare infrastructure, especially in the emerging economies such as India and China, are massively propelling the sales of portable ultrasound devices across the globe. This is, in turn, fueling the progress of the global portable ultrasound device market. The two most commonly used portable ultrasound devices are hand-held and mobile ultrasound devices. Between these, the demand for hand-held portable ultrasound devices will rise rapidly across the world in the future years.

Across the globe, the sales of portable ultrasound devices are predicted to surge in Europe in the coming years. This will be because of the soaring healthcare expenditure, the surging population of geriatric people, and the rising incidence of chronic diseases in the various European countries. In addition to these, the presence of a rapidly improving healthcare infrastructure is also propelling the demand for portable ultrasound devices in the region.

The sales of these devices will also rise tremendously in North America in the upcoming years, as per the forecast of P&S Intelligence, a market research company based in India. This will be because of the surging geriatric population, the rising incidence of chronic diseases, and the soaring healthcare costs in the region. Globally, the Asia-Pacific (APAC) region is predicted to witness the highest sales of portable ultrasound devices in the coming years.

This will be because of the mushrooming geriatric population and the surging occurrence rate of various chronic diseases in the region. Additionally, the existence of a large population and a rapidly improving healthcare and medical infrastructure is massively boosting the sales of portable ultrasound devices in this region. Koninklijke Philips N.V., Hitachi Ltd., General Electric Company, FUJIFILM Holdings Corporation, and Siemens AG are some of the leading portable ultrasound device-manufacturing companies all over the world. 

Hence, it can be said with surety that the sales of portable ultrasound devices will surge across the world in the forthcoming years, primarily because of the rising incidence of chronic diseases and the surging population of geriatric people around the world. 

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Why Is Cosmetics Industry Using Soy-Based Chemicals?

 Soy-based chemicals are an alternative to traditional chemicals, which are derived from petroleum oil or crude oil. Soy milk and soy oil are the most-popular soybean derivates, being increasingly used in the food and beverage industry owing to their high nutrient content. Similarly, the cosmetics industry uses soy-based chemicals in the production of biodegradable soaps, deodorants, and perfumes. Thus, the increasing demand for high-nutrient-content food products and biodegradable cosmetics will fuel the consumption of soy-based chemicals worldwide.

Moreover, the surging need for biofuels, owing to the rising air pollution levels and depleting fossil fuel reserves, will augment the production of soy-based chemicals in the upcoming years. According to the World Health Organization (WHO), approximately 4.2 million deaths are caused due to ambient air pollution every year. Furthermore, the WHO states that the transportation sector and power sector should shift to clean modes of power generation, such as low-emission fuels, to mitigate air pollution levels.

Furthermore, the rising need for biofertilizers, eco-pesticides, and eco-insecticides, primarily on account of the degrading soil quality and depleting nutrient content in the earth's crust, is projected to create a huge requirement for soy-based chemicals. The World Wide Fund for Nature (WWF) propounds that half the topsoil of the Earth has been lost in the last 150 years and the soil quality has been compromised due to over-intensive agricultural practices. This has resulted in soil salinity, loss of soil structure, compaction, and nutrient degradation, which can be dealt with with biofertilizers and biopesticides.

The Demands of the food and beverage, cosmetics, plastics, and agriculture sectors for soy-based chemicals are met by VertecBioSolvents Inc., Elevance Renewable Sciences Inc., Cargill Inc., Soyaworld Inc., Archer Daniels Midland Co., Cara Plastics Inc., Bunge Limited, The Dow Chemical Company, and BioBased Technologies LLC. At present, these companies are heavily investing in developing countries to produce renewable chemicals as they hold a huge potential for the commercialization of these bio-based products.

As per P&S Intelligence, North America held the soy-based chemicals market share in the preceding years. In the coming years, Asia-Pacific (APAC) is expected to consume a considerable volume of such products due to the mounting investments being made in the renewable chemical sector of China, Singapore, and South Korea. Furthermore, the Middle East and African (MEA) and European regions are expected to create a huge requirement for such chemicals in the foreseeable future.

Therefore, the booming demand for bio-based fuels, nutrient-rich food products, biodegradable plastics, eco-fertilizers and eco pesticides, and bio-based cosmetics will propel the consumption of soy-based chemicals.

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