Car Subscription Market Worldwide Industry Analysis and New Market Opportunities Explored

Possessing a car is the best thing for liberty of transport, and during this COVID-19 lockdown, the majority of public transportation is withdrawn for wellbeing purposes. So, during this critical time personal car is the best choice for moving self-reliantly. You can buy a car, but that may impact your bank while subscribing to one is the most suitable option to hold the balance.

The monthly rental charges cover the total registration, maintenance, insurance prices, and roadside assistance. There are numerous other advantages of car subscriptions, and we will discuss these in the following section.

Car Subscription Is a Cost-Effective Option
Buying a car is not cheap at all, and the registration and down-payment prices will charge you at least 2-3 lakhs at the time of buying the car. Also, you have to pay for the monthly EMIs, along with insurance and maintenance charges, and it does not even matter if you drive your car frequently or not.


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In the case of a rent-a-car subscription, you won’t have to pay for heavy down-payment and maintenance expenses. It needs a token refundable deposit of Rs. 15,000-20,000, which you will get back at the end of your subscription time. Also, from an economic perspective, subscriptions are way more useful than buying a car.

Drive the car in its trouble-free years
The average longevity of personal vehicles in India is more or less 9 years. So, if you want to own a car, you have to pay all the maintenance fees for a period of time, and as your cat gets older, the maintenance requirements will increase.

And last but not least, you must give up your car at a much cheaper price after years of maintenance. Now, the rental charges for your vehicle during that time you drive will only have to be paid in a subscription plan. So, you can drive the vehicle in its trouble-free years and after the tenure just change the car.

Subscription plans include all-inclusive prices
The numerous charges for possessing a personal car range from daily maintenance, vehicle, pollution certificate, registration, maintenance, servicing, taxation, and insurance payments. It commonly becomes riskier to handle all the cash flows on a monthly basis. In the case of a car rental, you only have to pay the rent for the flexible tenure, and the more the tenure, the less will be the rental cost.

Carbon Black Market Business Analysis, Growth and Forecast Report


The carbon black market will reach a value of USD 19,135.3 million by 2030 from an estimated value of USD 13,622.8 million in 2023, at a compound annual growth rate of 5% in the years to come.

The growth is of the industry is attributed to the increasing use of this product in plastic manufacturing. Principally, the expanding use of these kinds of polymers in electronic and electrical goods pushes the requirement for carbon black.

Plastics will grow the fastest in the years to come as well. Carbon black is widely used for conductive packaging, semi-conductive cable compounds, films, fibers, moldings, and pipes.

Some of the important uses of plastics made from this compound are industrial bags, stretch wraps, refuse sacks, agriculture mulch film, and photographic containers. It is used in the making conductive plastics as it exhibits electrical conductivity and antistatic properties.


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For these sectors, rubber products are put to use in making tires, belts, hoses, gaskets, wires & cables, windows & doors, and air springs. Nearly every rubber compound comprises some amount of carbon black as a filler, for strengthening and improving its physical characteristics. Furthermore, it aids in hardening the volume and vulcanization of rubber.

Furthermore, the specialty category will grow at a considerable rate in the future because of the growing use of specialty carbon black in coatings and inks and plastic industries.

APAC is the leader of the industry in the current scenario. The high requirement for will continue to support the industry advance. Additionally, the fast monetary development, accompanied by the quick development and industrialization in the developing countries of the region, has powered the requirement for carbon black.

The snowballing FDI and supportive guidelines are further boosting the development of the industry.

This product is used in the process of plastic manufacturing, and it is because of this fact, the demand for carbon black is on the rise all over the world. This trend will continue in the years to come as well.

Ceramic Textile Market Technological Advancements, Evolving Industry Trends and Insights


A major factor fueling the sales of ceramic textiles is their growing requirement in the transportation and industrial sectors. Moreover, the rapid surge of the steel, aluminum, and petrochemical industries is boosting the global demand for ceramic textile as this material is extensively used in these industries. Furthermore, ceramic fiber is heavily required in these industries, owing to which, the boom of these industries is massively pushing up the demand for ceramic textiles across the world.

Because of the above-mentioned factors, the revenue of the global ceramic textile market is predicted to soar in the coming years. Tapes, braids, sleeving, ropes, and cloth are the most commonly used ceramic textile-based materials. Amongst these, the usage of ceramic cloth has been traditionally very high in various industrial applications such as foundry works, welding, and boiler insulation and seal. Moreover, the material is extensively used in refineries, shipyards, chemical plants, and power plants across the world, on account of its various characteristics such as the ability to provide excellent performance at low temperatures and heat insulation.

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Globally, the ceramic textile market will register rapid growth in the Asia-Pacific (APAC) region in the forthcoming years, as per the forecast of P&S Intelligence, a market research firm based in India. This is attributed to the rapid industrialization and the mushrooming number of construction and infrastructural projects being launched in the various APAC nations. In addition to this, the presence of a thriving transportation sector will further push up the requirement for ceramic textiles in the region in the upcoming years.

Therefore, it can be said without any hesitation that the sales of ceramic textiles will shoot-up throughout the world in the years to come, mainly because of the growing usage of ceramic fibers, clothing, and braids in the construction sector and the transportation, petrochemicals, aerospace, alternative energy, steel, and aluminum industries. In addition to this, the rapid industrialization in several countries will further augment the demand for ceramic textiles in the near future.

Enhanced Oil Recovery Market Worldwide Industry Analysis and New Market Opportunities Explored


Enhanced Oil Recovery, also known as tertiary oil recovery, is a set of techniques employed to extract further oil from reservoirs after primary and secondary methods of recovery have been exhausted. While primary recovery relies on natural reservoir pressure and secondary recovery involves injecting water or gas into the reservoir, EOR techniques go a step further by altering the properties of the oil or the reservoir itself to facilitate increased oil production.

EOR can potentially enhance well production and achieve up to 75% oil recovery. As a result, companies are increasingly investing in EOR to boost their oil and gas production. Given the extensive consumption of oil and gas, many companies are focused on expanding their production capacity. This involves upgrading existing wells, exploring new well sites, and expanding into new geographical regions.


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Types of Enhance Oil Recovery
There are three main types of EOR: thermal EOR, chemical EOR, and gas EOR. However, not all wells and reservoirs are suitable for EOR due to the associated costs and the quantity of hydrocarbons extracted. Each field must undergo a thorough evaluation to determine the most effective type of EOR. This evaluation process involves reservoir characterization, screening, scoping, and reservoir modeling and simulation.

Thermal EOR
Thermal recovery is one widely utilized technique within EOR. It involves introducing heat to the reservoir to reduce the viscosity of the oil, making it easier to flow. Steam injection is a common method employed in thermal recovery, particularly for extracting heavy viscous crude oil. By applying steam to the reservoir, the oil is thinned, enhancing its mobility and facilitating improved flow rates.

Steam flooding, steam-assisted gravity drainage, and cyclic steam stimulation are some of the common steam injection methods utilized. Steam flooding is suitable for light-oil reservoirs with depths of less than 3,000 feet, while in-situ methods are generally employed for heavy-oil sandstone reservoirs.

Chemical EOR
Chemical EOR methods employ the use of chemicals to alter the properties of the oil or the reservoir, enhancing oil recovery. One common technique is polymer flooding, where water-soluble polymers are injected into the reservoir to increase the viscosity of the injected water, displacing more oil. Surfactant flooding and alkaline flooding are other chemical EOR methods that help improve oil displacement and reduce interfacial tension