Global energy needs increase continually. Primary energy demand grew by 6% in 2021. However, this steep growth was due to the drop in energy demand in 2020. Besides overall demand growth, one key development is the push for clean energy or decarbonization. Several governments in developed and developing countries have expressed their intention to reduce their reliance on fossil fuels, including coal-fired power plants, and increase the use of renewable energy sources. Numerous countries have set net zero or carbon neutrality targets for 2050 and 2060, with a few setting mid-term targets for 2030 and 2040. To achieve these targets, countries will have to reduce their reliance on thermal power and increase the use of renewable sources like solar and wind. Hydropower was the leading source of renewable energy. However, the most commercially viable hydropower potential has already been unleashed. In contrast, there is enormous potential for wind and solar power yet to be exploited.
Aesthetic facial bars and med spas are popping up everywhere in the United States—from trendy neighborhoods to metropolitan and suburban alike. Even after a year of continued inflation and economic uncertainty, the U.S. professional skin care market continues to be dynamic, increasing at a rate of almost 11% in 2022, according to Kline’s Professional Skin Care Global Series report.
From a recent survey conducted by Kline among mosquito control professionals in the United States, the average annual budget spent is $1.5 million to control mosquitoes.
Mergers and acquisitions are continuing to consolidate the global professional skin care landscape, particularly in the dynamic medical care providers channel. Some of the most noteworthy deals that marked recent years were L’Oréal’s acquisition of SkinBetter Science, strengthening its position in the physician segment, and Galderma’s acquisition of Alastin, helping to piggyback the brand with its cornerstone base of injectables.
The effects of COVID-19 continued to shift the chemicals & materials industry, with some markets benefiting from the pandemic and others still taking hits. We reported on those developments — in addition to conducting our market research reports and consulting projects — via an array of content in 2022. Here’s the most popular:
The personal care market is continuing to dynamically evolve – and see an increase in personal care active ingredients demand — thanks to a new trend called hair skinification.
As sustainability continued to steer the energy industry, Kline explored more than a few markets that will receive a boost from the quest for a greener world (natural gas, EVs) – along with some that won’t (PAO, used oil). In addition, we reported on industry shifts caused by the year’s biggest conflict: the Russia-Ukraine war. Here’s a review of our most popular content from the year:
The beauty and wellbeing industry continues to take meaningful steps toward a more sustainable future. As consumers have become more conscious about the environmental impact of their shopping decisions, beauty brands and retailers are taking bold steps to make their entire supply chain sustainable. What are some of their notable initiatives?