How IMARC Can Help

Tires are essential components of vehicles designed to provide traction, support, and absorb road shocks. Primarily made of rubber, tires consist of treads, belts, and sidewalls that work together to offer grip, stability, and durability. Modern tires come in various types – such as all-season, winter, and performance tires – each engineered for specific driving conditions. The two major tire categories are radial and bias tires, and they are available in different sizes to suit various vehicle types, including passenger cars, light commercial vehicles, medium and heavy commercial vehicles, two-wheelers, and off-road vehicles.

While secondary research acts as the base of decision-making for businesses, primary research fills in the gaps that only a nuanced and personalized perspective can deliver. With enormous volumes of data being added daily on search engines, relying on obsolete and unauthentic data could cost businesses heavily. To stay ahead of the curve and make informed decisions, tapping directly into the information gathered through your customers is essential. This helps reveal the drivers of the decision-making process, unveiling unmet needs, and highlighting nascent trends before they take shape.

‘World Food Day’ is celebrated on October 16th as a global responsibility to abolish hunger. 2024’s theme for the day is ‘Right to foods for a better life and a better future’. This theme highlights the significance of enabling access to nutritious food for all, particularly in the face of global challenges, including poverty, climate change, and conflict. In line with this theme, in October 2024, India and the United Arab Emirates (UAE) announced plans for developing a food corridor between the two nations, with an initial investment of over USD 2 Billion (INR 17,000 Crore) in food processing and logistics for food parks. This project significantly reinforces the UAE's food security while providing support to Indian farmers. The initiative is part of a bigger investment strategy targeting over USD100 Billion across key sectors, including manufacturing, infrastructure, and logistics.

Urea is employed in a wide range of applications, such as nitrogenous fertilizers, stabilizing agents, keratolytic agents, and resins, among others. Key industries that utilize urea include agriculture, chemicals, automotive, and medical sectors. According to recent findings by IMARC Group, the global urea market reached a value of US$ 51.9 Billion in 2023. Looking ahead, the market is projected to grow to US$ 59.9 Billion by 2032, with a compound annual growth rate (CAGR) of 1.6% during 2024-2032. Several factors are driving this growth, including the increasing demand for nitrogen-based fertilizers in India, ongoing advancements in urea production technology, the rising need for higher crop yields to meet growing food demand, and favorable government policies.

Hydrogen is a clean, renewable, and widely available energy source that can be produced through various methods. Production techniques such as coal gasification, steam methane reforming, electrolysis, and thermochemical processes highlight its versatility. Hydrogen is essential in several critical sectors, including methanol and ammonia production, petroleum refining, transportation, power generation, as well as in electronics, metal industries, and as a rocket propellant. The increasing concern over carbon emissions and greenhouse gases has led to a shift towards cleaner fuel options. Hydrogen is recognized for its cleanliness and versatility as an energy carrier. Additionally, supportive government initiatives and favorable policies are driving the growth of hydrogen production globally.