Both the uranium and green energy sectors were simmering quietly in the background of the global energy industry for years until the international market started to gather steam in its transition toward carbon-neutrality and energy sustainability and began to look for tried-and-true alternatives to hydrocarbons.
Now, the green energy market is experiencing a resurgence, prompting uranium developers and producers to reboot uranium assets held in suspension while the uranium spot price languished, and green energy-based producers of hydrogen to devote capital and labour in the creation of an entirely new market sector, built from the ground up.
In a moment we’ll investigate what ASX uranium and green energy companies have been up to this quarter, but first a look at the changing state of the market.
Russia’s war in Ukraine and the subsequent global oil and gas squeeze has reignited conversation around energy security as a strategic necessity, jump-starting the static uranium market.
The uranium spot price has surged over the last year:
While the Mineral Council of Australia’s Commodity Demand Outlook report offered a moderately strong forecast on uranium:
In its latest taxonomy report, the European Union agreed to consider nuclear power a sustainable energy source, reducing red tape and improving access to financing for companies moving within the industry.
In the same vein, Germany is considering operational extensions for its three remaining nuclear plants while Belgium has extended the life of two of its nuclear plants by 10 years and the UK has given development consent for two new nuclear plants.
Meanwhile, the green hydrogen industry is more difficult to define, given its nascent nature, but demand is nonetheless growing rapidly.
A report prepared by the International Energy Agency (IEA) for the G20 in 2021 places demand for hydrogen at 87 million tonnes in 2020 and forecasts that demand to increase to 500-680 million tonnes by 2050.
From 2020 to 2021, the Energy Transitions Commission valued the hydrogen production market at A$185 billion (US$130 billion), estimated to grow at a compounding annual growth rate (CAGR) of 9.2%.
Current hydrogen production is more than 95% fossil-fuel based, with green, renewable-based hydrogen production enjoying a renewed wave of interest.
Peninsula Energy Ltd (ASX:PEN, OTCQB:PENMF) is an ASX-listed uranium mining company which began in-situ recovery (ISR) operations in 2015 at its 100%-owned Lance Projects in Wyoming, USA.
The company is embarking on a project transformation initiative at Lance to change from an alkaline ISR operation to a low-pH ISR operation with the aim of aligning the operating performance and cost profile of the project with industry-leading global uranium production projects.
Peninsula’s early preparatory works have been delayed by supply chain and contract labour hurdles. The company expects to complete catch-up programs and an updated study for Lance in the coming quarter.
In more positive news, PEN has secured approval for a licence amendment to support its shift in uranium processing techniques, and Uranium Royalty Corp has acquired a 1% gross revenue royalty interest for the entirety of the Lance Projects area in return for US$1.25 million from a third party, a strong endorsement for the potential of the project.
Peninsula is well funded to continue its conversion activities, having US$7.6 million in cash on hand and a further possible US$15.6 million from 310,000 pounds of uranium currently in converter accounts as of June 30, 2022.
GTI Energy Ltd (ASX:GTR) is focused on defining and developing economic in-situ recovery (ISR) uranium resources.
The company holds tenure in Wyoming’s Great Divide Basin and Utah’s Henry Mountains, having recently sold the Niagara Gold Project in Western Australia’s central Goldfields.
This quarter, GTR acquired an additional 13,800 acres (55.8 square kilometres) of contiguous ISR uranium exploration claims, abutting Rio Tinto’s tenure at Green Mountain in Wyoming, increasing GTI Energy’s holding to about 35,000 acres (141 square kilometres).
The company also raised $5 million in a share placement and sold the Niagara Gold Project for $4.5 million, generating plenty of funding for continued work on its uranium assets.
Between some exact drilling success – which revealed shallow mineralisation which GTR believes can support low-cost, rapid exploration – and a solid grasp of the conditions necessary for successful ISR, GTI Energy considers itself well places to capitalise on the growing uranium market.
To that end, GTI shares start trading on North America’s OTCQB market under the code GTRIF back in April.
Alligator Energy Ltd (ASX:AGE) is a uranium and energy metals exploration and development group with a multi-jurisdictional portfolio.
The company holds three uranium assets in various areas of Australia, as well as a battery metals project in Italy prospective for nickel, copper, cobalt, gold and platinum group elements (PGEs).
During the quarter Alligator confirmed the presence of high-grade uranium in drilling at the Blackbush Deposit, began a resource re-estimation to upgrade the Blackbush resource to the indicated category and kicked off a scoping study assessing ANSTO leach/ion exchange recovery.
AGE also conducted a re-examination of historical gravity data over the Samphire Project, giving the company a greater understanding of the area, before applying for two additional exploration licences around Samphire and a further 11 new licences at Big Lake.
Once granted this will take the strategic land holding for Samphire to 550 square kilometres (from 370 square kilometres) and for Big Lake to 10,787 square kilometres (from 818 square kilometres).
Finally, Alligator has secured approval from traditional owners for the Nabarlek North (Alligator Rivers) work program, which paves the way for execution of a large airborne gravity survey and regional auger and rotary air blast (RAB) follow-up drilling.
Valor Resources Ltd (ASX:VAL) is focused on uranium, precious and base metals in Peru and Canada. The Picha Project in Peru is a copper-silver exploration project with a 3,000-hectare exploration concession south of Buenaventura's San Gabriel Gold Porphyry Project.
The company also holds land in the Athabasca Basin of Canada, with uranium projects at Surprise Creek, Cluff Lake, Hook Lake and Hidden Bay.
During the quarter, drilling at Surprise Creek generated some promising results of up to 2.1 metres at 4.37% U3O8, while geochemical sampling identified a 500-metre strike with rock chip ups to 6.37% U2O8, only partially drilled and open in several directions.
Copper was also identified in rock chip and soil samples at Surprise Creek, with concentrations as high as 5.9% copper in chips and 3,300 parts per million in soils.
At Cluff Lake, Valor identified seven priority targets backed up by historical data, geophysical interpretation and surface geochemical anomalies (0.15% uranium) and completed an airborne gradiometry survey to look for more areas of interest.
Speaking of surveys, Valor also completed an extensive airborne gravity gradiometry survey over Hook Lake and Hidden Bay, totalling 2,080 line kilometres at Hook Lake and 416 line kilometres at Hidden Bay.
In April, Valor acquired a further 60 square kilometres to the northeast of the Picha Project, situated along a regional northwest-southeast geological trend host to several deposits and prospects.
At the Picha Copper-Silver Project, Valor produced channel samples from the Ichucollo target of up to 1.45% copper and 9.1 g/t silver and delineated two new targets – the Occsani target, which returned rock chip samples up to 2.48% copper and 92 g/t silver, and the Chullunquiani target, which returned channel sampled up to 5.57% lead and 5.33% zinc.
Lotus Resources Ltd (ASX:LOT) is an ASX-listed uranium developer based in Perth, Western Australia, and focused on restarting the Kayelekera uranium mine in Malawi, Africa. Lotus owns an 85% equity interest in Kayelekera with the remaining 15% held by the Malawi government.
The project historically produced about 11 million pounds of uranium oxide (U3O8 equivalent) over five-year between 2009-2014, before closing to preserve the asset longevity due to a sustained low uranium price.
Kayelekera’s current mineral resource estimate is 37.5 million pounds of U3O8 at 630 parts per million (ppm).
Lotus is nearing completion for its restart definitive feasibility study expected to be released early this month and has also increased its total mineral resource estimate 11% to 51.1 million pounds uranium.
The resource estimate upgrade followed a 29-hole reverse circulation (RC) drilling program at the Livingstonia deposit, which both confirmed historical drilling results and extended the mineralised resource footprint.
A management visit to Malawi garnered fresh support from the government for a restart in production at Kayelekera, while negotiations continue for an updated mine development agreement which will set the fiscal regime for the project and company.
Discussions were also held with the ESCOM, the Malawian Electricity Utility, regarding the connection of the mine site to the national grid, and with several key stakeholders, including Karonga District Commissioner, non-government organisation (NGO) groups in Karonga and the local communities.
As of June 30, 2022, Lotus had cash in hand of $4.9 million (unaudited), exclusive of the restricted cash of $14.6 million held as part of an environmental bond.
Frontier Energy Ltd (ASX:FHE) is developing the Bristol Spring’s Solar (BSS) Project 120 kilometres southwest of Perth, Western Australia, designed to be a major source of renewable energy and provide power as part of the company’s strategy to become a green hydrogen producer.
During the June quarter FHE produced preliminary results from a hydrogen study, indicating green hydrogen can be produced at the BSS Project earlier than anticipated, with existing infrastructure and access to the SWIS power grid enhancing the development timeline.
The company also selected Alkaline Water Electrolysis (AWE) as the preferred technology for green hydrogen production due to its technical maturity and identified several existing local water sources suitable for hydrogen production, negating the need for a desalination plant.
Finally, Frontier signed an MoU with global hydrogen experts, Nel Hydrogen Electrolyser AS (Nel) and ENGV to support the company’s hydrogen production ambitions.
FHE’s cash position was $4.8 million as of June 30 2022, with Hydrogen and Expansion studies on track to be released this month.
Provaris Energy Ltd (ASX:PV1) styles itself as an ‘early mover’ in the future of green energy, focused on developing integrated green hydrogen projects for export to regional markets through compressed hydrogen technology.
Provaris has been advancing the Tiwi Hydrogen Project on the Tiwi Islands of Australia’s Northern Territory, intending to build a solar farm, hydrogen electrolysis hub and hydrogen compression export port on the strategically placed islands.
Outline of the proposed Tiwi Hydrogen Project
During the quarter Provaris lodged a referral submission to the Northern Territory (NT) Environmental Protection Authority (EPA), continued outreach programs – supported by Austrade – to attract hydrogen offtake, project investment and technical partners, and in August completed a conceptual design that covers all aspects of the project from solar generation to shipping scheduling.
For the HyEnergy export project itself, PV1 completed milestones 3 and 4 (out of 5) for submission to the Western Australian government as part of the WA Renewable Hydrogen Fund grant.
The company also delivered an environmental assessment for a proposed offshore loading terminal, a H2Neo fleet cycle-time analysis, designs for shore crossing and subsea pipeline, unloading terminal designs, and an assessment of job creation for construction and operational phases.
As for PV1’s H2Neo Hydrogen carrier, Provaris has completed 90% of its contract design package for the ship, while the American Bureau of Shipping (ABS) has begun a Front-end Engineering and Design (FEED) review of the carrier.
ABS Consulting is also undertaking dispersion, fire, and explosion safety studies to advance HAZID analysis and Class Approval milestones in 2022, and small-scale testing is underway for structural steel plate and stainless-steel liner plates delivered to CFER Technologies, with cutting, machining and weld plans performed for testing.
Finally, PV1 executed an MoU with Northern Marine for a technical partnership to develop the GH2 carrier and advanced development for near-shore and off-shore compressed H2 unloading terminal designs suitable for Singapore and other target end-market port locations.
On the business development side of things, Provaris holds $11.5 million in cash as of June 30, 2022, and has kicked off a compressed hydrogen study for a connected supply chain transporting H2 into ports of Europe, while also advancing several opportunities to review compressed H2 as an alternative transport carrier into European markets.
The third and final major type of "electric car" is BEVs, or Battery Electric Vehicles. As its name suggests, these cars run entirely off electricity from battery packs. Many of the most well-known electric cars are BEVs, with Tesla's entire range, the Porsche Taycan, and the Nissan Leaf all falling into this category. Relying solely on batteries requires a much larger, heavier battery pack than a hybrid vehicle, but this extra weight is usually offset by the lack of a gasoline motor and the comparative simplicity of the drivetrain.
Anxiety about the range of a BEV has long been considered one of the key hindrances to their widespread adoption. But, in exact years, technology has improved, and the longest-range cars can now go over 300 miles on a single charge. Price is also often a sticking point, with a 2020 study showing that EVs cost 45% more to make than their gasoline counterparts, leading to higher prices for the consumer. However, that cost is decreasing over time, and a Bloomberg study suggests that, by 2027, BEVs will become cheaper to produce than gasoline cars. Battery EVs are, in theory, the greenest form of electric car, as they produce zero emissions from driving. That theory is not without its flaws, however.
Lotus Extract Market – Scope of Report This report on the global lotus extract market studies the past as well as the current growth trends and opportunities to gain valuable insights of the indicators of the market during the forecast period from 2022 to 2031.
New York, July 20, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Lotus Extract Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2022-2032" - https://www.reportlinker.com/p06293255/?utm_source=GNW
The report provides revenue of the global lotus extract market for the period 2017–2031, considering 2021 as the base year and 2031 as the forecast year.
The report also provides the compound annual growth rate (CAGR %) of the global lotus extract market from 2022 to 2031.
The report has been prepared after an extensive research.Primary research involved bulk of the research efforts, wherein analysts carried out interviews with key opinion leaders, industry leaders, and opinion makers.
Secondary research involved referring to key players’ product literature, annual reports, press releases, and relevant documents to understand the lotus extract market.
Secondary research also included Internet sources, statistical data from government agencies, websites, and trade associations. Analysts employed a combination of top-down and bottom-up approaches to study various attributes of the global lotus extract market.
The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments included in the scope of the study.Moreover, the report sheds light on the changing competitive dynamics in the global lotus extract market.
These serve as valuable tools for existing market players as well as for entities interested in participating in the global lotus extract market.
The report delves into the competitive landscape of the global lotus extract market.Key players operating in the global lotus extract market have been identified and each one of these has been profiled, in terms of various attributes.
Company overview, financial standings, exact developments, and SWOT are attributes of players in the global lotus extract market profiled in this report.
The research methodology will be a combination of exhaustive primary and secondary research to analyze the market lotus extract.
Secondary research includes a search of company literature, technical writing, patent data, Internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be the most reliable, effective, and successful approach for obtaining precise data, capturing industry participants’ insights, and recognizing business opportunities.
Secondary research sources that we typically refer, but are not limited to:
Company websites, presentations, annual reports, white papers, technical paper, product brochure
Internal and external proprietary databases and relevant patents
National government documents, statistical databases, and market reports
News articles, press releases, and webcasts specific to companies operating in the market
Specific Secondary Sources:
National Institutes of Health (NIH)
Department of Health Care Service
Trade Data Sources
OneSource Business Browser
Mergers & Acquisitions
Thomson Mergers & Acquisitions
During the course of research, we conduct in-depth interviews and discussions with a wide range of key industry participants and opinion leaders. Primary research represents bulk of research efforts, supplemented by extensive secondary research.
We conduct primary interviews on the ongoing basis with industry participants and commentators to validate data and analysis. A typical research interview fulfills the following functions:
Provides first-hand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
Helps in validating and strengthening secondary research findings
Further develops the analysis team’s expertise and market understanding
Primary research involves e-mail interactions, telephonic interviews, as well as face-to-face interviews for each market, category, segment, and sub-segment across geographies
Participants who typically take part in such a process include, but are not limited to:
Industry participants: Marketing/product managers, market intelligence managers, and regional sales managers
Purchasing/Sourcing managers, technical personnel, distributors
Outside experts: Investment bankers, valuation experts, and research analysts specializing in specific markets
Key opinion leaders specializing in different areas corresponding to different industry verticals
List of primary participants, but not limited to:
Advanced Oncotherapy PLC
Mevion Medical Systems, Inc.
Data Triangulation: Information culled from “Secondary & Primary Sources” is cross-checked with “Knowledge Repository”, which is updated every quarter.
Market Estimation: Market size estimations involved in-depth study of product features, technology updates, geographic presence, product demand, sales data (value or volume), historical year-on-year growth, and others. Other approaches were also utilized to derive market size and forecasts. Where no hard data was available, we employed modeling techniques in order to produce comprehensive datasets. A rigorous methodology has been adopted, wherein the available hard data are cross-referenced with the following data types to produce estimates:
Demographic Data: Healthcare expenditure, inflation rates, and others
Industry Indicators: R&D investment, technology stage, and infrastructure, sector growth, and facilities
Market Forecasting: Market forecasts for various segments are derived taking into account drivers, restraints/challenges, and opportunities prevailing in the market and considering advantages/disadvantages of segments/sub-segments over other segments/sub-segments. Business environment, historical sales pattern, unmet needs, competitive intensity, and country-wise surgery data are some of the other pivotal factors, which are considered to derive market forecasts.
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Retail giant Sears Holdings Corp.—which includes Sears and Kmart—is tapping IBM’s software to deliver a personalized and more interactive shopping experience for the exploding population of mobile users worldwide.
The latest version of the software is called IBM WebSphere Commerce 7 and incorporates new social-networking and analytics capabilities that enable retailers to automate and personalize promotions for online shoppers. The adoption of this software—currently powering Sears2Go and Kmart2Go—underscores IBM’s commitment to the mobile space and the continued evolution of the mobile-commerce ecosystem.
“Sears2go sits on our IBMWebSphere Commerce software stack, as do the APIs we use for native apps,” said Imran Jooma, senior vice president of ecommerce at Sears Holdings, Hoffman Estates, IL. “We leverage new technologies to deliver customers more choices as a part of our Shop Your Way offering.
“These innovative technologies make shopping more convenient for our customers,” he said. “We are continuing to lead in the mobile commerce space, with new applications and mobile sites coming alongside improvements in our current offerings.”
Sears, officially named Sears, Roebuck and Co., is an American chain of mid-range department stores offering various products such as clothing, footwear, bedding, furniture, jewelry, beauty products, appliances, housewares, tools and electronics
Sears merged with Kmart in early 2005, creating the Sears Holdings Corp.
Sears understands that its customer base is increasingly mobile and the company is making major strides in mobile commerce with its Sears2Go service (see story).
Sears Holdings is still using the previous version of IBM WebSphere Commerce and has not yet announced when it plans to upgrade to version 7.
International Business Machines Corp., abbreviated IBM, is a multinational computer technology and information-technology consulting corporation headquartered in Armonk, Town of North Castle, NY.
IBM manufactures and sells computer hardware and software, and offers infrastructure services, hosting services and consulting services in areas ranging from mainframe computers to nanotechnology.
Automating the mobile buying experience
In June, IBM announced a five-year, $100-million research initiative aimed at improving mobile services and capabilities for businesses and consumers worldwide.
Advancements in mobile devices are reshaping the way customers interact with brands, expanding beyond mere information exchange to true mobile commerce.
According to Forrester Research, the purchase of goods and services from Web sites is projected to reach $211.7 billion by 2012 in the United States alone, up from $125.1 billion in 2007.
To meet this demand, IBM is introducing IBM WebSphere Commerce 7 software that is designed to deliver a new level of intelligence to consumer buying.
The new software aims to enhance the online shopping experience for mobile users by making it easier to both research products and complete transactions.
The new IBM Mobile Starter Store is designed to simplify the shopping experience, enabling customers to browse an online store, conduct side-by-side product comparisons, then view store locations, check inventory availability and complete the purchase.
Shoppers can place orders online and pick up their merchandise at the closest store, which is automatically mapped out for them on their mobile phone.
With the new IBM technology, retailers can also deliver timely, relevant and personalized brand information and promotions based on past purchases to the customer’s mobile device through text messages or email.
According to IBM’s Institute for Higher Value, the number of mobile users will grow by 191 percent from 2006 to 2011 to reach approximately 1 billion users worldwide.
These numbers are being driven worldwide by people in both industrialized and developing nations. Because broadband access remains difficult in many places, handheld devices are often the only means of access to the Web.
Li-Ning, China’s largest athletics equipment and accessories manufacturer, has experienced steady growth in online sales since launching its ecommerce site in 2008, according to IBM. A growing number of these customers are accessing its site through mobile phones and other handheld devices.
With ecommerce largely untapped in China, Li Ning adopted IBM technology, which helps its customers view top-selling merchandise and detailed product information on a homepage they can customize.
Li-Ning intends to expand beyond these basic functions to take advantage of IBM’s new commerce software, which will allow the company to digitally deliver personalized sales promotions and other information.
Li-Ning also plans to pursue the latest trend in commerce, reaching customers through social networking sites.
Selling through social networking
IBM’s new software lets retailers leverage the growing influence of social networks, bringing brand and product discussions back to the retailer’s site and hopefully converting them into transactions.
For example, a product review or blog post with a link back to the retailers’ sites can automatically be sent with one click to Facebook or another social networking site.
Sellers can augment their brand experience with richer content that includes threaded discussions, along with phone- and video-sharing.
Sam Ash, a retailer of musical instruments and DJ equipment, is using WebSphere Commerce through IBM business partner SysIQ to enhance its online store with product ratings and reviews from customers. It is finding success combining this feature with performance simulations of products they sell.
For example, the company created a “virtual cymbal room” where shoppers can test the genuine sound of their cymbals.
WebSphere Commerce 7 also has enhancements that IBM claims better address the needs of businesses selling to other businesses online, through a new Web 2.0-based B2B store platform.
This features a product finder, mini-shopping cart, drag-and-drop shopping capability and the ability to manage multiple saved orders.
Traditional B2B sites are cumbersome to use and often require customer service calls to complete sales, according to IBM.
As mobile becomes an increasingly important sales channel for businesses, IBM claims that its B2B store delivers B2C-like features to business customers while supporting contracts, advanced procurement options and a more streamlined checkout process.
WebSphere Commerce comes with the IBM WebSphere Application Server and DB2, with the goal of helping retailers attain high transaction volumes, reliable and highly available operation and integration to back-end systems and applications using SOA interfaces.
WebSphere Commerce 7 includes integrations to IBM Lotus Connections, Bazaarvoice and Pluck SiteLife.
IBM WebSphere Commerce software includes capabilities for marketing, catalog management and merchandising to help companies Boost the customer shopping experiences across all sales channels from online and over the phone to mobile and in-store.
IBM WebSphere Commerce 7 is available starting at about $30,000 for 100 Processor Value Units (PVUs).
Mobile Commerce Daily’s Dan Butcher interviewed Errol Denger, Denver, CO-based strategy program director of WebSphere Commerce at IBM. Here is what he had to say:
What is IBM’s strategy behind the launch of WebSphere Commerce 7?
As today’s savvy customers embrace new touch points and interaction models, the brand experience has become increasingly fragmented. These empowered customers expect a consistent, contextual and relevant brand experience even as they jump across channels or interaction models, such as social and community.
WebSphere Commerce is designed with this in mind and our strategy is to be the market leading Customer Interaction Platform enabling companies to deliver a consistent, customer-centric experience across multiple channels and touch points.
To succeed with mobile commerce, companies need to view this channel as an extension of their ecommerce platform. Version 7 provides integrated mobile commerce support so companies can run their mobile site as a seamless extension of the online brand experience.
The foundation of the WebSphere Commerce v7 is a powerful Precision Marketing engine that enables companies to support rich, customer-centric “dialogues” across channels and interaction models, including social commerce and widgets.
Built from the ground up, the Precision Marketing engine orchestrates Web, mobile, cross-channel, third-party applications and services such as ratings, reviews, communities, email and other interactions enabling marketers to centrally control the digital experience both today and into the future.
Thus, mobile is now a true extension of the multi-channel brand experience.
In addition to powerful marketing capabilities, the WebSphere Commerce Mobile Store Solution offers the following capabilities:
• Integrated mobile message support (SMS) for marketing messages, digital coupons and other key messages such as account or order notification status
• Mobile optimized store supporting optimized browsing capabilities, as well as mobile marketing and promotions, product information and availability, store and stock locator, mobile shopping list (Wishlist), mobile cart, buy on mobile and pickup, order status and tracking
• Integrated into cross-channel precision marketing with support for mobile triggers and events as outlined above
With which handsets is it compatible?
This is designed to support mobile phones with 240*320 or higher resolution, including RIM’s BlackBerry, Apple’s iPhone, Nokia, Microsoft’s Windows Mobile and Google’s Android.
How is IBM getting the word out about this software (i.e. marketing tactics)?
We are using our standard awareness mechanisms including press, analysts, Webinars and briefings, demos, tradeshow presentations, etcetera.
What is the current state of mobile commerce, and what is its potential?
Mobile devices have become “Lifestyle Infrastructure Tools.” There is more technology in your mobile phone today than there was in the first ship launched to the moon, and 3.8 billion people worldwide have a mobile device in 2008. Mobile services are expected to grow 6.5 percent for 2009.
More importantly, mobile Internet penetration is reaching a critical mass, with over 22 percent (eMarketer) of the U.S. population and 17 percent (Forrester) of Western Europeans accessing the Internet on their mobile devices. This is the same penetration as the percentage of the population that had Internet access in 1999.
This indicates that we have clearly crossed the adoption chasm and are entering early mainstream—and more importantly, critical mass.
The implication is that customers now expect to effectively and contextually interact with brands on their mobile devices. Innovative retailers will capitalize on this to not only enhance the overall brand experience, but will also use this as an opportunity to increase cross-channel stickiness.
An IBM Institute for Business Value study indicates that almost 50 percent of shoppers switch retailers when they switch channel—by effectively using mobile to complete transactions or drive shoppers directly to stores, retailers will help address this defection.
Mobile will continue to evolve as both a stand-alone shopping channel and over the next 18 months will play a significant role in enhancing the in-store experience. Given this vision, IBM will continue to invest in mobile and innovate this channel to enhance the overall brand experience.
Superhydrophobic coatings are increasingly being used in various industries such as electronics and telecommunication, textile & leather, building & construction, automotive, healthcare, and power generation. There is a rise in demand for superhydrophobic coatings in consumer electronics, semiconductors and other electronic components.
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Impact of COVID-19 Pandemic on Superhydrophobic Coatings Market
The global coronavirus pandemic has resulted in a health crisis, impacting almost all industries and business operations. Disrupted supply chains and halting of all business activities negatively affected the global superhydrophobic coatings market. The players in the construction sector are also overcoming challenges caused due to the pandemic. This has had an indirect impact on the global superhydrophobic coatings market.
Expansion of Electronics & Telecommunication Industry Propels Market
The boom witnessed by the electronics & telecommunication industry, globally, is a key factor driving the global market for superhydrophobic coatings. Superhydrophobic coatings are extensively utilized in electronics and telecommunications, as they are heat resistant and easily applied on the surface. They are useful in shielding sensitive electronic parts that can be easily damaged by water. The rise in demand for water-resistant electronic products is expected to increase further over the next couple of years, owing to rising disposable incomes of people and consequent demand for superior & durable products, thereby propelling the superhydrophobic coatings market.
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Lucrative Growth Opportunities in Asia Pacific Due to Rapid Industrialization
Asia Pacific is projected to account for the largest share of the global superhydrophobic coatings market. Potential growth and advancements of the construction industry is expected to offer tremendous opportunities to market players in the superhydrophobic coatings market. The Asia Pacific superhydrophobic coatings market is also driven by the lucrative presence of manufacturers in the region, along with increase in investments in R&D activities by market players.
Robust development of electronics and telecommunication industries and recovery of the building & construction sector in Asia Pacific are creating profitable growth opportunities in the region. Rapid industrialization, rising residential construction, and infrastructure activities in India and China are driving the Asia Pacific superhydrophobic coatings market.
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Superhydrophobic Coatings Market, by End-use
Superhydrophobic Coatings Market Players
Some of the prominent participants in the global market for superhydrophobic coatings are The Sherwin-Williams Company, P2i Limited, DryWired, LLC, Cytonix, LLC, Surfactis Technologies, UltraTech International, Inc., NEI Corporation, Sto Group, Nanex Company, NTT Advanced Technology Corporation, Artekya Ltd., Lotus Leaf Coatings, Inc., Rust-Oleum Corporation, and Aculon, Inc.
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(MENAFN- Colombo Gazette)
China had talks with Investment Promotion Minister Dhammika Perera today on promoting Chinese projects in Sri Lanka.
Ambassador Qi Zhenhong met with Perera and exchanged views on enhancing economic and trade cooperation, promoting Chinese invested projects in Sri Lanka as well as other subjects of mutual interests, the Chinese Embassy in Colombo said.
A gazette notice was issued this week bringing a number of institutions, including some Chinese funded projects under Investment Promotion Minister Dhammika Perera.
The gazette notice issued by President Gotabaya Rajapaksa brought the Board of Investment of Sri Lanka, Colombo Port City Economic Commission, Projects related to Colombo Port City, Department of Immigration and Emigration, Colombo Lotus Tower Management Company (Pvt.) Limited, Techno Park Development Company (Pvt.) Limited and Information Technology Parks under the Minister of Investment Promotion Dhammika Perera.
The new Minister has been tasked with promoting foreign direct investment and private sector investments in Sri Lanka.
Other duties entrusted to the new Minister includes formulation of policies, strategies, programmes and projects to enhance regional trade and investment cooperation, promotion, regulation and monitoring of economic development zones.
He has also been given the task to develop the Colombo Port City Special Economic Zone as an international business and services hub with specialized infrastructure and other facilities aimed at national interest and economic advancement.
Dhammika Perera also has the responsibility of establishing the Colombo Lotus Tower as a business model and promoting it as a tourist centre.
The business tycoon took oaths recently as a Member of Parliament replacing Basil Rajapaksa as a National List MP. (Colombo Gazette)
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After the successful completion of exciting projects in the commercial and residential real estate segment since its inception in 2013, Renowned Group is all set to bring forth its innovative, sustainable, and world-class exciting projects in the heart of Greater Noida with convenient and luxurious offerings with best-in-class designs and top of the line facilities.
Over the years, Renowned Group has expanded its business to cities like Kanpur, Lucknow, Patna, Agra, and Ghaziabad alongside Delhi NCR. Renowned Group has invented many developments in the retail, commercial and residential segments across Delhi NCR. With an effective team and strategy compacted with huge experience, knowledge, and valuation, Renowned Group has come out on top by building positive experiences and winning customer’s trust. They are expertise in choosing a location that is not just rich with amenities but also gives a new level of luxury living.
The Gateway to North India, Delhi NCR is the hub for white-collared professionals. The IT companies, electronic companies, and start-ups have contributed majorly to making Delhi NCR one of the most significant economies in the country. It is no doubt well connected with other cities across the country with National Highways, Railways, and Airports. Along with an excellent social infrastructure, India’s best healthcare facilities, and an appealing environment, Delhi NCR offers one of the most promising lifestyles to its inhabitants as any other metropolitan cities in the country.
As a premier builder, Renowned Group oversees projects at every level, from site selection, design, and development, to construction, marketing, and sales. The Renowned Group strives hard to keep its promises to its esteemed clients and delivers on them on time and this makes them stand apart from the noise. The Group firmly adheres to its delivery schedule, but in exchange for this, it has developed a strong brand value that has won the loyalty and steadfast faith of its customers.
The CEO and Managing Director – Mr. Shailender Sharma says “At Renowned Group we aim to accomplish zenith standards in real estate, property, and infrastructure development with its highly professional approach and technically superior modus operandi. We are committed to attaining desires and developing value by delivering the best Service and Structure to you and your family with up-to-date Standard and the Latest features. We have already created new landmarks for the city and we are envisioned to have environmentally friendly homes while adhering to the most up-to-date standards and practices”
Needless to mention, due to the pandemic, which caused numerous projects to temporarily halt, the real estate industry recently experienced a period of slowness. However, the company is still in for a thrilling journey with progress and growth, though, given the impressive line-up of projects that Renowned Group has planned. The Group has a number of brand-new initiatives that are succeeding, and it has planned a number of interesting projects for 2022 that will pave the way for the business's future growth.
Renowned Group has planned and constructed the following successful projects in Delhi NCR with a strong base of customer-centric creativity and perfection in mind.
- Avantika Retail Street: Crossing Republic
- Lotus Shristi: Crossing Republic, ABES College, Ghaziabad.
- Lotus Park: Surajpur, Greater Noida.
- Lotus Villa: Jalpura, Noida Ext.
Looking for the world-class infrastructure for your home in Delhi NCR at an affordable cost? Renowned Group is the destination that can build your dream home, and commercial space and convert all your dream into reality within your budget and according to your own taste and style.
Visit - https://renownedgroup.co.in/