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Smart Highways refer to roads/highways, incorporated with different technologies to ensure an easily manageable and sustainable flow of traffic. Intensive alliance between developers and builders have resulted in the much talked about concept Smart Highway. Furthermore, sustainability, perception as well as safety are the key components of the smart highway market. The aforementioned components are manifested in the latest technologies use for creating smart highways. Emergence of smart highway market has offered a facelift to the transportation industry. Furthermore, the technology is serving demands such as safety, pollutionfree environment, and less travel time among others, thus gaining greater importance.

Latest Report On Building Energy Management Systems (BEMS) are hardware-software systems installed in buildings that monitor and control the energy needs of a building to ensure efficient and economical energy utilization. These systems monitor a buildings energy consumption by electrical and mechanical equipment such as heaters, ventilators, air conditioners, and lighting to increase energy efficiency, and reduce energy costs. At present, building systems are integrated for better synchronization and monitoring of data on energy usage and better optimization. The next generation of BEMS are collaborating directly with utility enterprises so that the building owners are aware of when power rates and demand are lowest, allowing proper scheduling of high power use activities to help lower their costs. Energy efficiency, energy price volatility, and government policies and incentive programs majorly drive the growth of this market. Factors such as high investment, and longer payback period are some of the challenges confronted with regards to installation and implementation of BEMS in various type of buildings.

Latest Report On Home energy management system (HEMS) is an effective hardware and software system that facilitate home users to monitor and reduce energy consumption of the various electrical devices installed in their homes. HEMS comprises five different products, which assist in managing and reducing energy consumption. These products include self-monitoring systems, lighting controls, programmable communicating thermostats, advanced central controllers and intelligent HVAC controllers. With HEMS, end-user can access real-time energy consumption data through mobile phones, tablets, and other communication devices to monitor and manage energy consumption in the house. In addition, HEMS provides updates on fluctuating electricity prices to assist users to use less energy during peak hours. Presently, the spiraling energy prices have fostered the demand for energy management. The growth of the world HEMS market is mainly driven by the growing awareness of energy management and rising investment in smart grids. However, high cost of implementation of HEMS technology would impede the growth of the HEMS market.

Latest Report On Polyethylene glycol (PEG) is a polyether compound largely used as a solvent, lubricant and solubility agent in various industrial applications. The forms and molecular weight of PEG varies according to the type of initiator used for its polymerization process. Due to its excellent characteristics, such as non-toxicity, hygroscopicity, solubility in the organic solvents, PEG is emerged as a lubricating solution in pharmaceutical applications, such as manufacturing of tablets and ointments. Moreover, increasing acceptance of waterborne coatings and paints in the construction and automotive industry is also expected to boost the demand of PEG as a wear resistant solvent. The construction, pharmaceutical and automotive industries are experiencing a surging growth in Asia Pacific and Latin American region owing to rise in disposable income and rapid urbanization. Therefore, PEG is expected to gain substantial demand from these aforementioned industries, in coming years. However, the stringent environmental regulations associated with manufacturing of pharmaceutical and personal care products, may hinder the market growth.

Peracetic acid (also known as peroxyacetic acid) is an organic compound, which is a colorless liquid with a pungent odor close to acetic acid. Peracetic acid is used as an antimicrobial in various industrial as well as household processes, which includes food establishment, agricultural processes, medical facilities, lavatories, dairy processing plants, pasteurizers in breweries, wineries, and beverage plants. It is also utilized as the disinfectant for medical supplies, and to prevent biofilm formation in pulp industries. Increasing demand for peracetic acid in food processing and beverage industries is expected to boost the global peracetic acid market in upcoming years. There are some restraining factors in the peracetic acid market such as exposure to peracetic acid can cause skin and eye irritation, and long-term exposure can cause lung damage and asthma.

Bio based lubricants are produced from environment friendly materials such as vegetable oil, synthetic esters, plants, and animals. Vegetable oil like canola oil, palm oil, castor oil, and sunflower seed oil are popularly used as raw materials for bio based lubricants. The demand for bio lubricants is increasing every year owing to their remarkable properties and environmental benefits, which include biodegradability, low toxicity, low maintenance, and their contribution in pollution control. Minimal usage of raw materials and stringent government regulations in North America and Europe against the use of synthetic lubricants, are the driving factors for the global market of Bio-based lubricants. However, high cost, availability of raw materials, and a low operational performance can restrain the growth of the global bio-based lubricants market.

Photoresist chemicals are the light-sensitive materials used in various industrial processes. It changes its chemicals structure when exposed to UV light and commonly used in photolithography and photoengraving to form a regular coating on a surface and also essential for semiconductor manufacturing process. Photoresists are categorized into two groups, positive and negative photoresist. Photoresists are available in dry film and liquid form. Chemicals which are used in photoresist are polymethyl methacrylate, polymethyl glutarimide, and phenol formaldehyde resin. Photoresist chemicals are used in semiconductors, alkali cleanser for electronic devices, and as silicon etching agent for micro-electro-mechanical system. These chemicals are used due to their unusual characteristics such as, high purity, applicability to micro-processing, and sharp patterning and etching on substrate. The growth of photoresist chemical market is primarily attributed by the growing trend of electronics & semiconductor industry coupled with rising demand of dynamic display technology. However, the environmental and occupational health risks associated with photoresists chemical hinders its market growth.

Automotive sensors is a device that increases engine efficiency, vehicle safety, driving comfort whilst simultaneously reducing fuel consumptions and harmful emissions. A global increase in vehicle production and technological advancements are the two primary factors that drive this market. With the introduction of electric and hybrid vehicles and advanced driver assistance systems, the global Automotive sensor market would witness a boom during the forecast period. However, high repair and replacement cost coupled with unavailability of aftermarket for automotive sensor may inhibit the market growth.

The global energy needs are constantly increasing and the current supply of crude oil and natural gas are insufficient. Oil field chemicals are the important component of crude oil and natural gas, which fulfill the worlds energy needs. Oil field chemicals have application in crude oil and natural gas production, pipeline gathering systems, and gas processing. These chemicals are used in the exploration and processing of crude oil and natural gas, drilling fluid, cementing, and oil production chemicals. Oil field chemicals present in the market include demulsifiers, surfactants, corrosion inhibitors, oxygen scavengers, paraffin dispersants, water coagulants, and biocides. High energy consumption in emerging countries such as, India, China and Latin America are boosting the demand for crude oil and ultimately increasing the demand for oil field chemicals. Stringent government and environmental regulations associated with the use of oil field chemicals is one of the restraining factors for global oil field chemicals market.

Polyol is an alcohol containing multiple hydroxyl groups and is used in both food and polymer chemistry industry. Polyol is a key ingredient used in polyurethane formulations, which is largely used in various industrial applications including rigid & flexible foams, coatings, adhesives, sealants and elastomers. The global polyol market is witnessing steady growth due to the rising demand of polyurethane across various end-user industries, such as construction, automotive, electronics, furniture & interiors, packaging, footwear, and others. Asia Pacific region offers lucrative opportunities for the polyol market, which is led by rapid industrialization and high growth in construction and automotive industries of Southeast Asian countries. This is evident from BASF Indias strategy, which featured the establishment of polyurethane manufacturing and production facilities in Gujrat, India, in 2014. However, the Kanas district of court has filed a lawsuit against major polyol manufacturers including The Dow Chemical Company, by claiming the price fixation conspiracy of various urethane chemical products, including polyether polymer.