Press Releases by Category Chemicals & Materials
Organic Fertilizer Market in Saudi Arabia Poised for Rapid Expansion with Strong …
According to the latest market research study published by P&S Intelligence, the organic fertilizer market in Saudi Arabia is poised for robust growth, with the market projected to expand from USD 233.2 million in 2024 to USD 455.6 million by 2030, growing at a compound annual growth rate (CAGR) of 11.8%. This growth is driven by a combination of factors, including a rising demand for organic farming, greater awareness of…
Acetonitrile Market Innovations | Asahi Kasei's Lithium-Ion Breakthrough, SINOPE …
Acetonitrile Market Innovations | Top Industry Expansions and Their Impact on Pharmaceuticals & Energy Storage
The acetonitrile market has experienced significant advancements recently, driven by technological innovations and strategic expansions by key industry players.
These developments are set to shape the market trajectory by enhancing supply chains, improving cost efficiency, and fostering sustainability in pharmaceutical and chemical applications.
You can gain detailed market insights with the Free Sample Copy of our expertly prepared…
Concentrated Nitric Acid Market: Essential Chemical for Explosives and Fertilize …
The Global Concentrated Nitric Acid Market is expected to reach at a CAGR of 3.3% during the forecast period 2024-2031
Concentrated Nitric Acid Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods,…
Europe Cold Storage Market Analysis, Share, Trend, Industry Report Forecast till …
The Europe cold storage market was valued at US$ 27,314.27 million in 2022 and is expected to reach US$ 91,055.74 million by 2030; it is estimated to register a CAGR of 16.2% from 2022 to 2030.
Growing population, rising urbanization, increasing disposable income, and rising busy lifestyle are driving the demand for processed, canned, and easy-to-make food items globally. The canned or convenience food items require proper storage facilities to be…
Protective Coatings Market Development, Growth Research, and Opportunities Forec …
Protective Coatings Market is valued at a significant CAGR during the forecast period (2024-2031).
Protective Coatings Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients…
Paint Additives Market Growth | Trends, Demand & Key Innovations 2024-2031 | Akz …
The Paint Additives Market is expected to grow at a CAGR of 4.8% during the forecast period 2024-2031.
Paint Additives Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive…
Sodium Cyanide Market Share, Growth, Development and Forecast Report, 2034
The "Exactitude Consultancy: Sodium Cyanide Market Insights and Forecast 2034" report provides an in-depth analysis of the global Sodium Cyanide market, offering insights into market trends, drivers, and the future growth trajectory from 2025 to 2034. Industry leaders, investors, and stakeholders can leverage this detailed report to make informed decisions and stay ahead in a rapidly evolving market.
Explore the market opportunities and identify the key factors driving growth in your…
Electroactive Polymers Market Gains Momentum - Key Developments & Insights | 3M, …
The Global Electroactive Polymers market to grow at a CAGR Of 7.09% during the forecast period 2024- 2031.
Electroactive Polymers Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive…
White Natural Hydrogen Market Growth Driven by Increasing Demand for Zero-Emissi …
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global White (Natural) Hydrogen Market- (By Source (Serpentinization of Olivine and Pyroxene Ultramafic Rocks, Volcanic Activity and Magma Crystallization, Hydrothermal Vents, Degassing Primordial Hydrogen and Others), By End-user Application (Oil and Gas, Industrial Feedstock, Mobility, Power Generation and Others)) Trends, Industry Competition Analysis, Revenue and Forecast To 2031."
According to the latest research by InsightAce Analytic, the…
Anisole Market Trends 2025 | Rising Demand in Cosmetics & Pharmaceuticals, Suppl …
Anisole Market Trends 2025 | Rising Demand in Cosmetics and Pharmaceuticals Amid Supply Constraints
Rising Demand in the Cosmetics Industry
Anisole continues to witness strong demand in the cosmetics sector due to its extensive use as a fragrance component in perfumes and personal care products.
This trend is expected to persist throughout 2025, driving market growth. The expanding beauty and personal care industry, particularly in the U.S., Europe, and Asia-Pacific, is fueling anisole…
Artificial Intelligence (AI) in Oil and Gas Market Report 2025: Detailed Insight …
The Artificial Intelligence (AI) in Oil and Gas Market size was valued at US$ 3.01 Billion in 2025 and is expected to reach US$ 6.92 Billion by 2032, growing at a compound annual growth rate (CAGR) of 12.7% from 2025 to 2032.
The latest report from Coherent Market Insights examines the growth prospects of the Artificial Intelligence (AI) in Oil and Gas Market from 2025 to 2032. This in-depth analysis covers…
Refrigeration Oil Market is Forecasted to Reach US$ 1.86 Billion in 2030, Says S …
The global refrigeration oil market is projected to witness a growth rate of 4.74% annually from 2024 to 2030, with an anticipated size of US$ 1.86 billion by 2030, according to an analysis by Stratview Research.
Stratview Research, a global market research firm has launched a report on the global refrigeration oil market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment…
Phase Change Materials Market Top Players - Henkel AG & Co. KGaA, Honeywell Inte …
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Phase Change Materials Market Size, Share & Trends Analysis Report By Type (Paraffin, Salt Hydrates, Eutectics, Non-Paraffin), Application (Building And Construction, Energy Storage, HVAC, Shipping And Transportation, Electronics, Cold Chain And Packing, Ventilation, Commercial Refrigeration, Textiles) - Market Outlook And Industry Analysis 2031"
The Phase Change Materials Market is valued at 2.40 billion in 2023 and…
Vinyl Chloride Market: A Critical Chemical for Modern Manufacturing and Safety | …
The Global Vinyl Chloride Market is expected to grow at a high CAGR during the forecasting period (2024-2031).
Vinyl Chloride Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive…
Synthetic Sewing Market Scope, Sales & Growth Forecast 2025 To 2034
On March 20, 2025, Exactitude Consultancy., Ltd. announces the release of the report "Global Synthetic Sewing Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2034". The report is a detailed and comprehensive analysis presented by region and country, type and application. As the market is constantly changing, the report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across…
Particle Size Analysis Market Top Companies Study- HORIBA, Danaher, Anton Paar G …
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the " Particle Size Analysis Market - (By Technology (Laser Diffraction, DLS, Imaging (Dynamic Imaging, Static Imaging), Coulter Principle, Sieving, Nanoparticle Tracking), Dispersion (Wet, Dry, Spray), End User (Pharma-Biotech, Cosmeceutical, Chemicals, Food, Academia)), Trends, Industry Competition Analysis, Revenue and Forecast To 2031."
According to the latest research by InsightAce Analytic, the Particle Size Analysis Market is valued at…
Kaolin Market Top Players - Imerys S.A. (France), Ashapura Group (India), EICL L …
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Kaolin Market- (By Process (Water-Washed, Air-float, Calcined, Delaminated, Surface-Modified & Unprocessed), By End-Use Industry (Paper, Ceramic & Sanitary wares, Fiberglass, Paints & Coatings, Rubber, Plastics)), Trends, Industry Competition Analysis, Revenue and Forecast To 2031."
According to the latest research by InsightAce Analytic, the Global Kaolin Market is valued at US$ 4.54 Bn in 2022, and it…
Strontium Bromide Market Deep Research Report with Forecast to 2032 | Shanghai X …
The latest study, titled Strontium Bromide Market 2025, Published by Coherent Market Insights, offers valuable insights into regional and global markets expected to grow between 2025 and 2032. This comprehensive research examines evolving market dynamics, value chain analysis, key investment areas, competitive landscape, regional trends, and major market segments. It also provides an in-depth evaluation of market drivers and constraints. Furthermore, the report highlights effective strategies and emerging opportunities, serving…
Ethylene Vinyl Acetate Market Deep Research Report with Forecast By 2032 | Exxon …
The global ethylene vinyl acetate market is estimated to be valued at USD 9.17 Bn in 2025 and is expected to reach USD 12.32 Bn by 2032, growing at a compound annual growth rate (CAGR) of 4.3% from 2025 to 2032.
The latest study, titled Ethylene Vinyl Acetate Market 2025, Published by Coherent Market Insights, offers valuable insights into regional and global markets expected to grow between 2025 and 2032.…
Sustainable Strategies in the Precipitated Silica Market Amid Regulatory Shifts …
Business Strategies to Adapt to Regulatory and Market Changes in the Precipitated Silica Market
1. Investing in Safer and Low-Dust Silica Products
Development of Low-Dust and Safer Silica Grades
Research and innovation in low-dust precipitated silica can help companies comply with stringent safety regulations.
Companies such as Evonik and Solvay are actively developing safer silica alternatives with reduced airborne dust emissions.
Introduction of Coated or Granulated Silica
Granulated forms minimize dust dispersion during handling and processing.
This…
Polycarbonate Diols Market is Forecasted to Reach US$ 357.52 Million in 2028, Sa …
The global polycarbonate diols market is projected to witness a growth rate of 5.66% annually from 2023 to 2028, with an anticipated size of US$ 357.52 million by 2028, according to an analysis by Stratview Research.
Stratview Research, a global market research firm has launched a report on the global polycarbonate diols market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment…
Rehabilitation Equipment Market Business Outlook and Growth Projections through …
Rehabilitation Equipment Market is valued at a significant CAGR during the forecast period (2024-2031).
Rehabilitation Equipment Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients…
Key Trend Reshaping the Low VOC Paint Market in 2025: Technological Advancements …
Which drivers are expected to have the greatest impact on the over the low voc paint market's growth?
The growth in construction activities is projected to drive the low VOC paint market. These activities, fueled by population growth, urbanization, and infrastructure development, rely on low VOC paints to ensure environmental sustainability and meet stricter air quality regulations. For instance, the U.S. construction industry grew by 0.4% in 2022 and 1.1% in…
Ion Exchange Resins Market is expected to reach US$ 2.62 billion by 2031, growin …
Global Ion-Exchange Resins Market reached US$ 1.87 billion in 2023 and is expected to reach US$ 2.62 billion by 2031, growing with a CAGR of 4.31% during the forecast period 2024-2031.
Ion Exchange Resins Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of…
Thermoset Molding Compound Market is Forecasted to Reach US$ 4.6 billion in 2026 …
The global Thermoset Molding Compound Market is projected to witness a growth rate of 4.9% annually from 2021 to 2026, with an anticipated size of US$ 4.6 billion in 2026, according to an analysis by Stratview Research.
Stratview Research, a global market research firm has launched a report on the global Thermoset Molding Compound Market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging…
Artificial Grass Turf Market to Witness Massive Growth (2024-2031) | Tencate Gro …
Artificial Grass Turf Market is expected to grow at a high CAGR 6.6% during the forecasting period (2024-2031).
Artificial Grass Turf Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers…
Prepreg Market Size to Expand Lucratively by 2031
"Prepreg Market" in terms of revenue was estimated to be worth $9.55 billion in 2023 and is poised to reach $25.67 billion by 2031, growing at a CAGR of 13.36% from 2024 to 2031 according to a new report by InsightAce Analytic.
Get Free Access to Demo Report, Excel Pivot and ToC: https://www.insightaceanalytic.com/request-sample/1611
Latest Drivers Restraint and Opportunities Market Snapshot:
Key factors influencing the global prepreg market are:
• Acceleration of the Market for…
Abrasives Market Anticipated Growth Trajectory through 2024-2031 | 3M, Dronco Gm …
Abrasives Market is expected to grow at a CAGR of 5.7% during the forecast period 2024-2031
Abrasives Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help…
Nanoimprint Lithography System Market Share, Statistics and Growth 2025 To 2034
On March 20, 2025, Exactitude Consultancy., Ltd. announces the release of the report "Global Nanoimprint Lithography System Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2034". The report is a detailed and comprehensive analysis presented by region and country, type and application. As the market is constantly changing, the report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands…
Plastic Recycling Market Detailed Analysis with Accurate Forecast to 2031
"Plastic Recycling Market" in terms of revenue was estimated to be worth $43.62 billion in 2023 and is poised to reach $77.89 billion by 2031, growing at a CAGR of 7.7% from 2024 to 2031 according to a new report by InsightAce Analytic.
Get Free Access to Demo Report, Excel Pivot and ToC: https://www.insightaceanalytic.com/request-sample/1621
Latest Drivers Restraint and Opportunities Market Snapshot:
Key factors influencing the global Plastic Recycling Market are:
• The governments in…
Plastic-eating Bacteria Market Robust Expansion is expected to 2031
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Plastic-eating Bacteria Market - (By Resin (Polyethylene Terephthalate (PET), Polyurethane (PUR), Others), By Application (Landfills, Oceans, Lakes, Ponds, Others (Land))), Trends, Industry Competition Analysis, Revenue and Forecast To 2031."
According to the latest research by InsightAce Analytic, the Global Plastic-eating Bacteria Market is valued at US$ 238.46 Thousand in 2023, and it is expected to reach…
In-Depth Analysis of the Specialty Pesticides Market: Growth Opportunities, Key …
What Are the Projected Growth and Market Size Trends for the Specialty Pesticides Market?
There has been robust growth in the specialty pesticides market in the recent past. The forecast is that it will expand from $142.86 billion in 2024 to $150.13 billion in 2025, marking a compound annual growth rate (CAGR) of 5.1%. Factors contributing to growth in the historic period include a heightened demand for crop protection, the spread…
Plant-based Organic Fertilizers Market Vendor and Technology Assessment Report 2 …
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Plant-based Organic Fertilizers Market - (Type (Solid Fertilizer and Liquid Fertilizer), By Application (Cereals, Fruits & Vegetables, Oilseeds and Pulses and Other) Trends, Industry Competition Analysis, Revenue and Forecast To 2031."
According to the latest research by InsightAce Analytic, the Global Plant-based Organic Fertilizers Market is expected to grow with a CAGR of 5.19% during the…
North America Ceramic Balls Market - Key Players, Size, Trends, Opportunities, G …
The North America ceramic balls market accounted to US$ 96.1 Mn in 2018 and is expected to grow at a CAGR of 6.0% during the forecast period 2019 - 2027, to account to US$ 170.2 Mn by 2027.
North America Ceramic Balls Market The US accounted for the largest market share in the North America ceramic balls market. The US has the largest fleet of trucks, trailers, and other heavy-duty vehicle…
Portable Bluetooth Speakers Market to Reach USD 19.25 Billion by 2032 with a Rob …
The portable Bluetooth speakers market has witnessed significant growth in recent years, driven by the increasing demand for high-quality, wireless audio devices that offer convenience, portability, and superior sound. With technological advancements, expanding consumer preferences, and the rise of outdoor and travel activities, the market for portable Bluetooth speakers is set to continue its upward trajectory. This research explores the size, share, growth drivers, and forecasts for the portable Bluetooth…
Marine Hyaluronic Acid Market Trends and Growth Analysis 2034
On March 20, 2025, Exactitude Consultancy., Ltd. announces the release of the report "Global Marine Hyaluronic Acid Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2034". The report is a detailed and comprehensive analysis presented by region and country, type and application. As the market is constantly changing, the report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands…
Rubber Market to Reach USD 78.2 Billion by 2032 with a Robust 5.5% CAGR | SkyQue …
The global rubber market is poised for significant growth in the coming years. With increasing demand across industries such as automotive, construction, consumer goods, and medical, the market for rubber is expanding rapidly. This growth is driven by factors such as the increasing demand for high-quality rubber products, technological advancements, and the growing automotive sector, among others. This research presents an in-depth analysis of the rubber market size, share, and…
Surging Demand For Electric Vehicles Drives Silicon Metal Size Market: A Key Fac …
What Are the Projections for the Size and Growth Rate of the Silicon metal size Market?
In the past few years, the market size of silicon metal has experienced significant growth. From $7.47 billion in 2024, it's projected to increase to $7.89 billion in 2025, highlighting a compound annual growth rate (CAGR) of 5.6%. Various factors have contributed to this historic growth, including demand from the electronics industry, trends in industrialization,…
Key Plastic Pipes And Pipe Fittings Market Trend for 2025-2034: Enhancing Durabi …
What Is the Future Outlook for the Plastic Pipes And Pipe Fittings Market's Size and Growth Rate?
Over the past few years, the market size of plastic pipes and pipe fittings has undergone robust growth. A rise from $88.03 billion in 2024 to $96.52 billion in 2025 is projected, with a compound annual growth rate (CAGR) of 9.6%. The factors contributing to this historic growth include urbanisation and infrastructure expansion, the…
Shaping the Perlite Market in 2025: Leveraging Perlite's Insulating Properties f …
How Big Is the Perlite Market Expected to Be, and What Will Its Growth Rate Be?
In recent years, the perlite market has experienced enormous expansion. Its growth is projected to surge from $2.19 billion in 2024 to $2.66 billion in 2025, marking a compound annual growth rate (CAGR) of 21.5%. The significant growth from the preceding period stems from an array of factors, including the construction sector's growth, agricultural uses,…
Aluminum Foil Market Growth Set to Surge Significantly during 2025 - 2032
The market growth of aluminum foils is expected to be fueled by the expansion of the global packaging industry, as aluminum foils are extensively used for packaging various products such as food, beverages, cosmetics, and pharmaceuticals. Additionally, the increasing demand for electric vehicles (EVs) and the growing requirement for air conditioning systems are projected to drive the market growth for aluminum foils. The pharmaceutical industry, in particular, is experiencing a…
Lithium Market Outlook 2025-2034: Key Trends, Growth Drivers, and Market Share
How Big Is the Lithium Market Expected to Be, and What Will Its Growth Rate Be?
In recent times, the size of the lithium market has experienced swift expansion. It is projected that the market will escalate from $7.75 billion in 2024 to $9.01 billion in 2025, showcasing a compound annual growth rate (CAGR) of 16.3%. The significant rise during the historic period can be linked to the surge in consumer…
Leading Growth Driver in the High-Frequency Chest-Wall Oscillation Devices Marke …
What combination of drivers is leading to accelerated growth in the high-frequency chest-wall oscillation devices market?
The rising prevalence of chronic obstructive pulmonary disease (COPD) is expected to drive the high-frequency chest wall oscillation (HFCWO) devices market. COPD, caused by smoking, environmental pollutants, and genetic factors, affects respiratory function and is increasingly common, particularly in an aging population. HFCWO devices help manage COPD by clearing mucus from the airways and improving…
High Density Polyethylene (HDPE) Bottles Market Outlook 2025-2034: Key Trends, G …
What industry-specific factors are fueling the growth of the high density polyethylene (hdpe) bottles market?
The growth of the high-density polyethylene (HDPE) bottle market is expected to be driven by the expanding pharmaceutical and healthcare sectors. These industries, which involve the creation, production, and distribution of drugs, medical devices, and health services, are seeing increased demand due to an aging population and the rise of chronic diseases. HDPE bottles are essential…
Prominent Glamping Tents Market Driver for 2025: Increasing Travel Demand Boosts …
Which drivers are expected to have the greatest impact on the over the glamping tents market's growth?
The increasing popularity of tourism is expected to drive the growth of the glamping tents market. Tourism involves traveling for leisure or business, and is growing due to better transportation, a desire for unique experiences, and advances in technology. Glamping tents provide luxurious, eco-friendly outdoor accommodations for travelers seeking comfort and adventure. For instance,…
Top Factor Driving Gym Apparel Market Growth in 2025: Driving Factors Behind The …
What industry-specific factors are fueling the growth of the gym apparel market?
The increasing focus on health and fitness is expected to drive the growth of the gym apparel market. More people are prioritizing fitness due to growing awareness about well-being and the desire for better quality of life. As a result, individuals are engaging more in regular exercise routines, which creates demand for gym apparel designed for comfort and performance.…
Advancements In Environmentally Friendly Furfuryl Alcohol Resins Trend: A Crucia …
Which drivers are expected to have the greatest impact on the over the furfuryl alcohol market's growth?
The increasing demand for foundries is expected to drive the growth of the furfuryl alcohol market. The demand for foundries is rising due to industrialization and infrastructure development, requiring more metal castings. Furfuryl alcohol is used in foundries to strengthen sand molds, improving the durability of metal castings. For instance, in March 2023, the…
Prominent Fructooligosaccharides Market Trend for 2025: Companies Ramp Up Fructo …
What market dynamics are playing a key role in accelerating the growth of the fructooligosaccharides market?
The rising prevalence of obesity is expected to fuel the growth of the fructooligosaccharides (FOS) market. Obesity, characterized by excessive body fat, is becoming more common due to poor dietary habits and sedentary lifestyles. FOS, used as a supplement in weight management, helps improve glucose and lipid metabolism, potentially aiding in obesity management. For example,…
Primary Catalyst Driving Glycerol Derivatives Market Evolution in 2025: Surge In …
What market dynamics are playing a key role in accelerating the growth of the glycerol derivatives market?
The growth of the food and beverage industry is expected to propel the growth of the glycerol derivatives market. The food and beverage sector is expanding due to factors such as urbanization, rising incomes, and changing consumer preferences for healthier foods. Glycerol derivatives are widely used in this sector to improve product stability and…
Primary Catalyst Driving Gemstones Market Evolution in 2025: Emerging Demand In …
What industry-specific factors are fueling the growth of the gemstones market?
The growing use of ornaments is expected to drive the growth of the gemstone market. Ornaments are gaining popularity due to higher disposable incomes, evolving fashion trends, and a desire for cultural expression. Gemstones are increasingly used in ornaments due to their beauty, rarity, and symbolic significance. For example, the Ministry of Commerce & Industry in India reported in December…