Market Research Blogs

Lithium-ion batteries-particularly lithium-nickel-cobalt-manganese (NCM) variants-have emerged as the gold standard in the global transition to cleaner energy and electrified transportation. Known for their high energy density, long life cycles, and efficient performance, NCM batteries power everything from electric vehicles (EVs) to large-scale energy storage systems.

The United States has reignited its tariff battle with China, unveiling a sharp escalation in import duties on Chinese goods. The latest measures, spearheaded by President Trump’s renewed trade strategy, have introduced a staggering 125% tariff on electric vehicles (EVs) from China-up from a previous 27.5%. Additionally, duties on lithium-ion batteries have doubled to 50%, while solar cells, steel, aluminum, and certain medical products now face heightened levies as well.

Japanese anime has surged in global popularity, with iconic studios like Studio Ghibli playing a pivotal role in this cultural phenomenon. In 2023, the Japanese anime industry achieved a record-breaking US$ 19.8 billion in global revenue, comprising US$ 5.5 billion from streaming and US$ 14.3 billion from merchandising sales. North America alone contributed US$ 2.2 billion to anime's streaming revenue, showcasing the region's strong engagement with the medium.

The current resurgence of the Ghibli style marks a fascinating chapter in contemporary visual and narrative arts. Once rooted in the magic of Japan-based Studio Ghibli’s hand-drawn masterpieces, this aesthetic is now permeating various creative domains-from 3D animation and graphic design to literature and even interior décor. Today’s artists, designers, and storytellers are embracing the organic warmth and whimsy that defined films like My Neighbor Totoro and Spirited Away, using these influences to create works that resonate on a deeply emotional and nostalgic level.

Fertility tourism has emerged as a rapidly growing segment of the global medical tourism market, driven by the increasing demand for assisted reproductive technologies (ART) and cross-border access to treatments. Factors such as rising infertility rates, high treatment costs in home countries, restrictive legal frameworks, and long waiting times are compelling individuals and couples to seek reproductive care abroad. 

Mental health apps have revolutionized the way individuals access support, offering convenient, science-backed solutions for stress management, anxiety relief, and emotional well-being. From AI-powered chatbots to full-fledged online therapy platforms, these apps cater to diverse needs, whether users seek guided self-help exercises or professional counseling.

In the digital age, women's health apps have emerged as powerful tools that enable individuals to take control of their physical, reproductive, and mental well-being. These apps cater to a wide range of health needs, from tracking menstrual cycles and fertility windows to providing fitness routines, mindfulness exercises, and telemedicine services.

The burial insurance market has been experiencing decent growth, especially in the U.S. This is attributed to high funeral expenses, with the average cost of a funeral, including viewing and burial reaching US$ 7,848 in 2021. This financial burden has led several individuals to seek burial insurance policies, which typically offer death benefits ranging from US$ 5,000 to US$ 25,000, designed to cover such end-of-life expenses.

At Persistence Market Research, we are committed to promoting environmental and climate-related technologies that help reduce corporate carbon footprints. As part of our initiative, we highlight innovative companies that are making a difference in the sustainability space. One such company is TerraBlu Climate Technology Pvt. Ltd., a climate innovation technology company dedicated to advancing sustainability and helping businesses achieve Net Zero emissions.

Palm oil has become an indispensable ingredient in the global supply chain, powering industries ranging from food and cosmetics to biofuels and pharmaceuticals. As one of the most widely used vegetable oils, its versatility and cost-effectiveness have fueled massive demand worldwide.

The collagen supplements industry is showcasing steady growth backed by rising demand for beauty-enhancing products, particularly in the skincare industry. As per Persistence Market Research, consumers are increasingly turning to collagen-based solutions for anti-aging benefits, such as reducing wrinkles and improving skin elasticity.