How IMARC Can Help

‘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 (?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.

China's economic presence is expanding globally, and Latin America and the Caribbean (LAC) have become a focal point for its investments, especially within the energy sector. The region, rich in natural resources and experiencing rising energy demands, offers strategic opportunities for Chinese energy giants looking to invest and expand. LAC is currently leading a transformative movement towards sustainable energy. From 2015 to 2022, the region increased its renewable energy capacity by an impressive 51%, now generating 64% of its electricity from renewables such as hydropower, wind, and solar. This shift addresses the global demand for cleaner energy while supporting local economic growth and enhancing energy security.

Lithium-ion batteries are rechargeable power sources widely used in devices such as cell phones, laptops, and electric vehicles. These batteries store energy by transferring lithium ions between the anode and cathode electrodes, with the electrolyte facilitating this movement and generating free electrons at the anode. Key types of lithium-ion batteries include those with lithium cobalt oxide, lithium iron phosphate, lithium nickel manganese cobalt, and lithium manganese oxide. Lithium-ion batteries come in a range of capacities from 0 mAh to 6000 mAh. They offer several advantages, including a high energy-to-weight ratio, excellent charge retention, and generally longer lifespans with more charge/discharge cycles compared to other rechargeable batteries.