Global Market Research Reports : Ken Research: October 2022

Monday, October 31, 2022

5 Key Insights on US$ 5 Bn Opportunity in Global Thermoplastic Polyurethane Market: Ken Research

Driven By the Rising Consumption of Thermoplastic Polyurethane Material In Automotive and Footwear Industries, Global Thermoplastic Polyurethane Market is forecasted to Cross US$5 Bn by 2028 says Ken Research Study.

Thermoplastic Polyurethane is an elastomer that can be processed by using various forms of conventional methods such as injection molding, extrusion, and compression molding. Thermoplastic Polyurethane (TPU) has the characteristics of both plastic and rubber and thus exhibits properties like durability, flexibility as well as excellent tensile strength. It is a type of block copolymer consisting of alternating sequences of hard and soft segments that makes it ideal to be used for applications such as footwear, wire and cable, film and sheet, compounding, adhesives, and specialty molded parts.

“Ken Research shares 3 key insights on this high-opportunity market from its latest research study”

1. Replacement of Polyvinyl Chloride (PVC) in Medical Applications by Thermoplastic Polyurethane (TPU) provides an opportunity for the Market Growth

According to Ken Research Analysis, the Global Thermoplastic Polyurethane Market was valued at ~US$ 2 billion in 2017. It is estimated to be ~US$ 3 billion in 2022 and is forecasted to reach a market size of ~US$ 5 billion by 2028, growing at a CAGR of ~7% during 2022 to 2028, due to the increasing usage of Thermoplastic Polyurethane in footwear, automotive, and construction industries.

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Thermoplastic Polyurethane materials are used in almost all markets, owing to their high-performance properties. In the healthcare industry, applications can range from artificial heart components, blood plasma bags, to isolation tents in hospitals. TPU is the only polymer material desirable for medical applications since it does not contain any plasticizers.

Medical Grade TPUs are some of the most versatile plastic materials available today for use in medical devices. It offers the medical industry an environmentally friendly replacement to PVC without sacrificing flexibility. Poly Vinyl Chloride (PVC) material has been extensively used for making blood bags and other non-breakable containers in healthcare due to its low cost and excellent functions after softening. However, manufacturers are gradually getting rid of dependence on PVC as medical devices containing PVC release harmful chemicals during routine use and disposal.

Thermoplastic Polyurethane (TPU) is considered a reliable and high-quality alternative to PVC in all medical applications from devices to normal usage containers. According to the commercial development manager of Bayer Material Science, TPU healthcare grades are currently used to create oxygen masks and medical tubing. The material is also used in a variety of catheters such as central venous, intra-aortic balloon catheters.

2. Rising Adoption of Thermoplastic Polyurethane (TPU) by Footwear and Automotive Manufacturers is Fuelling the Market Worldwide

Footwear is the largest end-use industry of Thermoplastic Polyurethane (TPU) as it is used ito manufacture various parts of footwear, such as upper yarns, midsoles/foam & cushioning, outsoles, eyelets, heel cups, logos, shanks & toe caps. Rising demand for durability and performance among people from all age groups is driving the market in the footwear industry.

The advanced TPU technology allows shoe manufacturers to use versatile materials during production, simplifying processes and using less energy. The TPU waste generated during the production process can also be reused, helping in reducing waste. Shoes made of 100% TPU can also be recycled at the end of their life cycle.

Thermoplastic polyurethane films are widely used in the automotive industry to increase the fuel efficiency of vehicles. These films can be used in various vehicle components such as car seats, airbags, doors, and acoustic panels to improve comfort and safety.

The graph below represents the usage of thermoplastic polyurethane in different forms:

3. High Manufacturing Cost of Thermoplastic Polyurethane is the Major Challenge Faced by The Thermoplastic Polyurethane Market

Thermoplastic polyurethane is usually costlier than traditional materials. Its higher price may limit its adoption, especially in less demanding applications. The excessive price is due to the high production costs incurred due to the great degree of customization. Additionally, extrusion, injection molding, and compression molding are among the TPU production processes that require big machinery and skilled laborers, thereby raising the overall manufacturing cost of the product.

The graph below represents the high costs of machines that are used for manufacturing various products from Thermoplastic Polyurethane.

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Key Topics Covered in the Report

Snapshot of Global Thermoplastic Polyurethane Market
Industry Value Chain and Ecosystem Analysis
Market size and Segmentation of the Global Thermoplastic Polyurethane Market
Historic Growth of Overall Global Thermoplastic Polyurethane Market and Segments
Competition Scenario of the Market and Key Developments of Competitors
Porter’s 5 Forces Analysis of Global Thermoplastic Polyurethane Industry
Overview, Product Offerings, Strengths, & Weaknesses of Key Competitors
Covid-19 Impact on the Overall Global Thermoplastic Polyurethane Market
Future Market Forecast and Growth Rates of the Total Global Thermoplastic Polyurethane Market and Segments
Market Size of Application / End User Segments with Historical CAGR and Future Forecasts
Analysis of Global Thermoplastic Polyurethane Market
Major Production/Supply and Consumption/Demand Hubs within Each Region
Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments
Overview of Notable Emerging Competitor Companies within Each Region

Notable Major Companies Mentioned in the Report

3M
BASF SE
Coim Group
Covestro AG
Huntsman International LLC
KURARAY CO., LTD.
Tosoh Corporation
Sumei Chemical Co. Ltd
The Lubrizol Corporation
Epaflex Polyurethanes Spa

Notable Emerging Companies Mentioned in the Report

Omni Technologies
Foster Polymer Distribution
H.B. Fuller Company
Kent Elastomer Products
SHANDONG INOV POLYURETHANE CO., LTD.

Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report

Thermoplastic Polyurethane Manufacturers
Thermoplastic Polyurethane Suppliers
Polyurethane Manufacturers
Polyols Suppliers
Diisocyanate Suppliers
Diols Suppliers
Thermoplastic Polyurethane Distributors
Emerging and Startup Thermoplastic Polyurethane Companies in the Market
Different Types of Thermoplastic Polyurethane Institutes
Government Ministries and Departments of Chemicals and Polymers
Importers and Distributors of Thermoplastic Polyurethane
Environmental Regulatory Authorities
Investment Banks and PE Firms focused on Chemicals Sector
Potential Entrants into Thermoplastic Polyurethane Industry

Period Captured in the Report

Historical Period: 2017-2021
Forecast Period: 2022E-2028F

For More Information on the Research Report, refer to below links: –

Global Thermoplastic Polyurethane Market: Ken Research

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3 Key Insights on $16 Bn Opportunity in Asia Pacific Virtual Reality Market

Driven By Advancements in Technology, the Growing use of VR in Healthcare, and a Surge in Online Education, the Virtual Reality Market in the Asia Pacific is Forecasted to Reach Around $16 Bn by 2030 says Ken Research Study.

Undoubtedly, there is a growing prominence of Virtual Reality in various end-user industries/activities necessitated by multiple driving factors, including long-term objectives to enhance online education, and training opportunities in the healthcare and aerospace Industries. Geographically, among all the regions, Asia Pacific is found to be the largest market for Virtual Reality.

According to Ken Research estimates, the Asia Pacific Virtual Reality Market – which grew from around US$2 Bn in 2019 to nearly US$4 Bn in 2022 – is expected to grow further into a nearly US$16 Bn opportunity by 2030.

Enhancements Achieved in Immersive Quality and Visualization Standards Helped the APAC Virtual Reality Market to Grow in Key End-User Industries

The Asia Pacific Virtual Reality Market witnessed growth during the forecasted period, primarily due to enhancements in its immersive quality and improved standards of visualization that helped key end-user industries such as Gaming and Entertainment, Education, etc. to launch innovative products and solutions. Although the COVID-19 lockdown caused disruptions in the supply chain in terms of irregular deliveries of devices, components, equipment, and other relevant hardware in the initial phase of the pandemic, the market has rebounded and is forecast to cross $16 Bn by 2030 from ~$4 Bn in 2022, witnessing a CAGR of ~20% during this period.

Relatively Cheaper Availability of Internet Data in the Asia Pacific is Helping the VR Market to Grow in the Region

An Immersive VR Experience with 360-degree video features requires a lot of internet data. VR head-mounted displays (HMD), gesture tracking devices (GTD), and projects and display walls (PDW) also consume internet data to run. For instance, HMD requires a minimum of 20 Mbps for streaming. For resolution comparable to HD TV, it requires an even higher bandwidth of 80-100 Mbps. However, if the user wants the best 360-degree video experience 600Mbps is essential.

In the Asia Pacific, China is a major consumer of VR. India is also a large emerging market in the region. The price of internet data is significantly low in China and India as compared to the global market standards. It is helping these markets to adopt VR technology and solutions faster.

Display Latency in Virtual Reality Hampers the Experience of the User

Display Latency may be termed as the lag between when the signal is sent and when the signal is shown. It is the difference between the real-time and actual response time. A high value of display latency results in a delayed response of the VR system, resulting in a hampered experience for the user.

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Latency in VR can be reduced by providing a high bandwidth network that may not be available in many countries. To have a proper VR experience and low latency, a user would require a bandwidth of 2.35 Gbps which could be a challenge in the Asia Pacific Virtual Reality market.

For more information on the research report, refer to below link:

Potential Investors in Virtual Reality Companies

3 Key Insights on Competitive Landscape in Global NaaS Market

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Qatar Auto Finance Market Outlook to 2026F: Ken Research

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Qatar Auto Finance Market is in Maturity stage as there is moderate growth owing to rising Demand for Two Wheeler Vehicle: Ken Research

Driven by increasing vehicle prices and low-interest rates in the country, the Qatar Auto finance market has seen some growth in the share of commercial vehicles post covid-19.

Qatar Auto finance market Overview: The Qatar Auto finance market is highly dependent upon pricing. In the country, major price consciousness is seen among the population. New car financing is more prevalent in the country, especially after covid-19. The banks have been the dominant players as they have a huge pre-built database that they leverage for their own advantage which they use to give loans at a low-interest rate.

Qatar Auto Finance Market Outlook

Growth drivers for the Auto Finance Market in Qatar: Qatar’s auto finance sector has seen a major shift with the announcement of the Qatar National Vision 2030 in which massive plans for economic targeting could aid the auto finance market in the huge way possible. Shift towards sustainability which was also announced in the Qatar National Vision 2010 and Electric Vehicles (Evs) will boost green financing and auto loans sector to a great extent.

Government regulations in the Auto Finance Market: Ministry of Economy and Commerce sets guidelines for auto dealers in Qatar related to performance, standards, and manufacturing of parts and components. Vehicle owners are required to register their newly purchased vehicles with the Ministry of Interior (MOI). Registration is mandatory for both new and used vehicles. Banking activities in Qatar are licensed under Qatar Central Bank (QCB). All legal entities involved in any banking activity have to apply for a license.

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Issues and Challenges in Qatar Auto Finance Market: The growth will not be exponential in the auto finance market after the Covid outbreak and semiconductor chip shortage. The market for 2Ws is low due to the preference of 4Ws depending on the luxurious lifestyle of the population. Also, the decreasing ex-pat population due to government policies is decreasing the demand for auto loans. Analysis shows that many small Car dealers and Financial Institutions are not able to cope with the rapid rise in technology in the industry-leading to their potential exit from the market.

Analysts at Ken Research in their latest publication “Qatar Auto Finance Market Outlook to 2026F- Driven by Increasing Vehicle Prices and Low-Interest Rate in The Country” By Ken Research observed that Qatar auto finance market has witnessed a decline in growth rate over the historical period. The shortage of semi-conductor chips, reduction of expatriate population and impact of COVID 19 has caused reduction in demand for auto loans in the country. However, the rising Auto Finance consciousness among the population, along with increasing loan facilities, customer taste, and preference, and implementation of favorable government rules & regulations is expected to contribute to the market growth over the forecasted period. The Qatar Auto Finance Market is expected to grow @2.8% CAGR over the forecasted period 2021-2026F.

Key Segments Covered

Qatar Auto Finance:

By Type of Vehicle financed
New
Used
By Tenure (for New and Old Vehicles):
1 year
2 years
3 years and more
By Type of Lender:
Banks
OEMs/Captives
NBFC
By Type of Lending Bank:
Government
Private
By Type of Commercial and Passenger Motor Vehicle:
Commercial
Passenger
By type of commercial motor Vehicle:
LMV
MCV
HCV
By Type of passenger motor vehicle
4W
2W and others

Key Target Audience

Qatar Auto Industries
Government Bodies & Regulating Authorities
Finance Industry
Car company
Automobile dealers and users

Time Period Captured in the Report:

Historical Year: 2016-2021
Base Year: 2021
Forecast Period: 2021– 2026F

Companies Covered:

Qatar National Bank
Doha Bank
Commercial Bank
Al khaliji commercial bank
Ahli bank
Qatar Islamic International Bank
Qatar Islamic Bank
Dukhan bank
Masraf Al Rayan
HSBC
Standard Chartered Check
International Bank of Qatar
First Finance Company
Al Jazeera Finance

Key Topics Covered in the Report

Qatar Automotive Market Overview
Ecosystem of Qatar Auto Finance Market
Qatar Auto Finance Value Chain Analysis
Business Cycle and Timeline of Major Banks in Qatar Auto Finance Market
Market Sizing Analysis of Qatar Auto Finance Market, 2016-2021
Qatar Auto Finance Market Segmentation
SWOT Analysis of Qatar Auto Finance Industry
Trends and Developments in Qatar Auto Finance Industry
Decision Making Parameter for Selecting Car Loan Vendor
Issues and Challenges in Qatar Auto Finance Industry
Growth Drivers of the Qatar Auto Finance Market
Government Policies and Initiatives for Qatar Auto Finance Industry
COVID-19 Impact on Qatar Auto Finance Market
Competition Framework for Qatar Auto Finance
Future Outlook and Projections of the Qatar Auto Finance Market
Market Opportunities and Analyst Recommendations

For more information on the research report, refer to below link: -

Qatar Auto Finance Market Outlook to 2026F: Ken Research

Singapore Auto Finance Market Outlook to 2025 - Driven by Green Car Loans, Growing Digital Advancements and Increasing Number of Finance Aggregators

Philippines Auto Finance Market Outlook to 2024- Growing Prominence of Captive Finance and Surge in Used Car Sales Supporting Disbursement for Auto Loans

3 Key Insights on Competitive Landscape in the Global Commercial Drones Market: Ken Research

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Country-Niche Players Dominate the Market Constituting ~45% of Total Competitors, Despite the Presence of about ~100 Competitors Comprising Several Regional Players and Global Players, finds a recent market study on the Global Commercial Drones Market by Ken Research

Commercial drones, also known as unmanned aerial vehicles (UAVs), are aircraft designed for commercial and industrial use rather than personal or recreational activities use. They are equipped with flight control computers and sensors that allow them to hover in place as well as create programmed movements, as well as high-definition thermal cameras that allow users to control the drones to view what the drone sees in real-time.

“Ken Research shares 3 key insights on the competitive landscape of this dynamic market from its latest research study”

1. Country-Niche Players Constitute ~45% of the Total Number of Competitors, While Regional Companies Hold ~35% Share in Terms of the Total Number of Players in the Market.

A comprehensive competitive analysis conducted during the Research Study found that the Global Commercial Drones market is competitive with ~100 players, including globally diversified players, regional players, and a large number of country-niche players with their niche sensing technology, including ultrasonic, laser distance sensors, time-of-flight sensors, chemical sensors, and stabilization and orientation sensors, and surveillance techniques, including high-resolution cameras, infrared cameras, thermal detectors, GPS, motion sensor/motion detector, and automated license plate readers. Furthermore, the rapid technological changes and consumer preferences in the market for smart farming or precision agriculture are creating stiff competition among drone companies, particularly since the beginning of COVID-19.

2. Country-Niche Players' and Organization’s Ongoing Efforts to Provide Advanced Aerial Solutions to End-User Industries Are Driving Their Revenue Growth In This Market.

Detailed comparative analysis of key competitors available within the Research Study shows that numerous aircraft manufacturers, such as AeroVironment Inc., SZ DJI Technology Co., Ltd., Parrot SA, AgEagle Aerial Systems Inc., Yuneec International CO. Ltd, and more are highly focused on providing a significant number of aerial solutions with advanced features, such as Vertical Take-Off and Landing (eVTOL), heat-signature detection, and Real-Time Kinematic ("RTK”) functionality that can be used across end-user industries. Furthermore, numerous companies and organizations are aggressively investing in advanced computation, data analytics, and increased R&D activities.

In April 2022, DJI launched ‘DJI Mini 3 Pro’, a powerful, lightweight, and portable camera drone that weighs less than 249 g and has advanced features, such as 4K/60fps video, ActiveTrack, tri-directional obstacle sensing, and 90° gimbal rotation to shoot high-quality vertical imaging for social media, while also spanning its flight time to near 30 minutes.
In March 2020, Aerovironment, Inc. partnered with Dragonfly, a Canada-based aircraft manufacturing company, to distribute Draganfly’s Quantix Mapper hybrid vertical take-off and landing (VTOL) drones and Quantix-related parts and accessories to commercial global markets.

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3. Increasing Government Initiatives, Strategies, and Investments in Healthcare Infrastructure, Notably Supporting Advanced Diagnostic Techniques is Propelling the Commercial Drones Market Growth.

Prior to the Covid-19 pandemic, government-led investment and involvement in infrastructure were relatively limited worldwide, with the industry relying primarily on private funding. The pandemic led governments to concede that the structure needed to be changed. Since 2020, several governments across countries have raised funds for advanced aerial solutions for effective mapping and surveying methods for precise and comprehensive data that can be represented in various configurations. Furthermore, the government’s increasing emphasis on soil conservation, allows farmers or agronomists to use agricultural drones for detecting changes in primary soil composition.

In August 2022, a bipartisan group of legislators authorize US$ 100 million in competitive grants to use American-made drones to conduct critical infrastructure, maintenance, or construction projects across the country.
In December 2021, the European Commission announced a plan to implement a Drone Strategy 2.0 in 2022 to strengthen the region's forthcoming vision for sustainable and smart mobility.
In November 2021, the U.S. government signed a US$ 1 trillion infrastructure package into law, investing US$ 550 billion in roads, bridges, expanded broadband services, and other projects.

For more information on the research report, refer to the below link:-

Global Commercial Drones Market

KSA Facility Management Market Outlook to 2026F: Ken Research

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Adoption of Advanced Technology, Integrated Services are contributing to the growth of Facility Management Industry in KSA: Ken Research

Increasing demand for Residential Units: The demand for residential housing units is rapidly increasing in Saudi Arabia. Factors responsible for such growth are growth in the young population, an increase in the immigrant population, rising income levels, and the introduction of a number of recent government reforms to ease access to mortgage finance. The Government policies like 15% VAT exemption on real estate deals, large scale affordable housing program are boosting residential real estate, thereby contributing to the market growth.

Focus on Tourism Industry: Tourism department signed MOUs with local banks to finance projects valued up to $40 Bn to stimulate tourism investment^.In June 2020, the Ministry of Tourism announced plans to start a Tourism Development Fund with an initial $4 Bn investment. The government is promoting tourism in KSA leading to the development of hotels, resorts, shopping complexes, which is increasing the demand for various facility management services.

Saudi Vision 2030: Saudi Vision 2030 is a strategic framework to reduce Saudi Arabia's dependence on oil, diversify its economy, and develop public service sectors.

Under the program, the government has announced to deploy public-private partnerships to glorify its transportation, educational, healthcare, infrastructure projects which is further boosting the demand for facility management services.

Price Sensitivity: Saudi facility management market is highly competitive with many players operating in the country at the similar levels of revenues and margins. High price sensitivity amongst the end users, leading them to prioritize cost of services over quality makes the price competition adverse among the service providers. This is mainly due to the low awareness amongst end users about the benefits of using Facility Management services.

Analysts at Ken Research in their latest publication “KSA Facility Management Market Outlook to 2026F- Driven by the government initiatives to promote Tourism along with Saudi Vision 2030 and infrastructure developments in the country” By Ken Research observed that Facility Management market is an emergent market in KSA at a rebounding stage from the economic crisis after pandemic. The rising government policies and demand for facility services, inclusion in real estate plans along with government initiatives is expected to contribute to the market growth over the forecast period. The market is expected to grow at a 7.8% CAGR during 2021-2026F owing to the rise in economy of the country, increasing consciousness towards looks and new government policies.

Key Segments Covered in the report

KSA Facility Management Market

By Type of Services

Soft Services
Hard Services

By Soft Services

Housing keeping
Security
Landscaping
Others

By Hard Services

Electromechanical Services (including HVAC)
Operations and Maintenance Services
Fire Safety and Security Systems

By Service Type

Integrated facility management (IFM)
Bundled services
Single services

By End User Sector
Commercial (Includes Offices, retail, infrastructural)
Residential
Industrial

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By Personal Type

Outsourced Personnel
In-House Personnel

Key Target Audience

Factories
Plants and Industries
Hotels
Hospitals
Malls
Companies and offices
Tourism Agencies
Government Bodies & Regulating Authorities
Facility management companies
Real estate companies

Time Period Captured in the Report:

Historical Period: 2016-2021
Forecast Period: 2021-2026F

Companies Covered:

Al Yamama
Aljahrary Overseas
Zahran Operations & Maintenance
Zamil Operations and Maintenance
Almaja G4sl Facility Management
Initial Saudi
Safari
ENOVA
Nesma United
Alborj Facility Managment
Khidmaah
Saudi Emcor (EFS)
Musanadah Facilities Management (MFM)
El Seif (ESOM)

Key Topics Covered in the Report

Saudi Arabia Real Estate Market Overview, 2021
Major Real Estate Giga Projects in Saudi Arabia
Saudi Arabia Facility Management Market Ecosystem
Business Cycle, Genesis and Timeline of Saudi Arabia Facility Management Market
Value Chain & Vendor Selection Process of KSA Facility Management Market
Business Acquisition Process in Saudi Arabia Facility Management Market
Saudi Arabia Facility Management Market Size, 2021
Saudi Arabia Facility Management Market Segmentation, 2021
SWOT Analysis of Saudi Arabia Facility Management Market
Key Growth Drivers in Facility Management Market in Saudi Arabia
Trends and Developments in Saudi Arabia Facility Management Market
Major Challenges Faced by the Saudi Arabia Facility Management Market
Competition Framework for Saudi Arabia Facility Management Market
Future Outlook and Projections of the Industry, 2021-2026F
Market Opportunities and Analyst Recommendations

For more information on the research reports, refer to below link:

KSA Facility Management Market Outlook to 2026F: Ken Research

Chile Facility Management Market Outlook to 2023 – By Soft Services (Housekeeping, Security, Landscaping and Others); By Hard Services (Electromechanical Services, Operations and Maintenance Services, Fire Safety and Security Systems); By Integrated Services; and By End User Sectors (Industrial and Public Infrastructure, Retail and Commercial, Hospitality and Residential)

Vietnam Facility Management Market Outlook to 2023 - By Single, Bundled and Integrated Services; By Soft Services (Housekeeping, Security, Landscaping and Others) and Hard Services (Electromechanical Services, Operations and Maintenance Services, Fire Safety and Security Systems), By End User Sectors (Commercial, Industrial, Hospitality, Residential, Infrastructure and Others)

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3 Key Insights on US$ 30 Bn Opportunity in the Global Commercial Drones Food Market: Ken Research

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Driven by the advancement of remote sensing and surveillance technologies, and favorable government guidelines regarding the utilization of drones across industries, the Global Commercial Drones Market is forecasted to Cross US$ 30 Bn by 2028 says Ken Research Study.

Drones are basically aircraft that can be controlled remotely or fly autonomously by utilizing software-controlled flight information in their embedded systems. Commercial drones are basically used for specific tasks, including cargo delivery, inspection, mapping, and more. Most commercial drones include an infrared camera, which provides useful thermal imaging for location search, surveying, and rescue services. Most commercial drones are equipped with the necessary payloads and safety equipment, such as extra lighting and parachute systems.

Ken Research shares 3 key insights on this high-opportunity market from its latest research study.

1. Commercial Drones Market Has Seen Significant Market Growth after a Rise in Labour Shortage in 2020.

The Global Commercial Drones Market is expected to witness stable growth during the forecast period, owing to the development of remote sensing technologies, as well as the increasing labor shortage caused by factors, such as the aging population, low wages, and immigration disruption in the COVID-19 pandemic. The global commercial drone market was valued at ~US$ 5 billion in 2017, it is estimated to be ~US$ 12 billion in 2022 and is expected to reach a market size of ~US$ 30 billion by 2028 growing with a CAGR of ~15% during the forecast period (2022-2028).

North America dominated the Global Commercial Drones Market in 2021, primarily due to the increased utilization of high-tech equipment across industries, and rising government expenditure to support the expansion of UAVs/drones is fueling the region's market growth.

2. Advancements in Remote Sensing and Surveillance Technologies Acts as a Major Growth Driver for the Global Commercial Drones Market

Continuous advances in component, sensing technology, and size have accelerated the growth of automation and monitoring systems, including UAVs/drones, which utilize a number of tools and methods to forecast data and ensure higher productivity, reliability, increased performance, and reduced operating costs. Furthermore, the steadily increasing focus on improving field efficiency and productivity has increased the demand for agricultural UAVs/drones to grow more and better products by making better use of resources such as soil, water, nutrient solution, chemicals, and so on. In addition, the advancement in sensing technologies helps in ensuring that the crop and soil receive appropriate care. So, farmers will then be able to plan their actions or activities accordingly. Similarly, they help support the construction industry by providing real-time construction data viewing, accurate imaging and infrastructure inspection, reducing personnel risks and accidents, and cost-effective photography and videography.

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3. Higher Cost Associated with Drones, And Individuals’ Disinclination To Adapt Advanced Technologies Around Them Are Expected To Stifle Market Growth

The high costs associated with UAVs/drones are confining the market growth, as they are mainly embedded with expensive autonomous functionalities that operate using AI-powered navigation and operational software that raise the finished cost of a product. Furthermore, the continued use of traditional techniques, including truck and manual processes for monitoring, surveying, mining, crop spraying, equipment tracking, and more indicates that the portfolio of drones has yet to capture the potential customer base.

For more information on the research report, refer to the below link:

Global Commercial Drones Market

Thursday, October 27, 2022

South Africa Buy Now Pay Later Business and Market Outlook to 2027: Ken Research

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How Buy Now Pay Later BNPL Industry Is Positioned In South Africa?

South Africa BNPL (Buy Now Pay Later) market has displayed a significant growth since 2019 growing at double digit CAGR ~%. The market is gaining pace with positive response from customers as well as retailers. The market is moderately concentrated with 5-6 major players. The market witnessed the entry of some international players as well in the recent past. The growth in the past few years is driven by the need for extra credit line by the customers, convenience and relative ease of access to credit over credit credits, initiatives by the government to enhance digitization, and positive response from the retailers due to increased sales.

The South Africa Buy Now Pay Later Market has witnessed tremendous growth during 2019-2022. Due to the high attractiveness of the market, new domestic and international players are expected to enter in the market in the next decade. The market is in the growth stage. The market is expected to grow at a strong double-digit CAGR ~% during 2022-2027. Since BNPL hosts multiple advantages for the end-users such as the convenience to split up the total payment into 3, 6, 9 or 12 payments that are made over time and increased adoption is expected from the businesses as well since BNPL furthers gives a push to the sales as well, due to better access to credit accompanied by upfront payment to businesses, that is made by the BNPL payments on behalf of the customers. Overall market outlook is bullish. south-africa-bnpl-market

South Africa Buy Now Pay Later Market Segmentation

By Mode of Payment (Online and Offline)

Buy Now Pay Later Market in South Africa can be segmented on the basis of Mode of Payment: Online and Offline Mode where Online mode accounts for higher share at XX% as compared to the offline mode on the basis of revenue generated in the year 2022.

By Type of End Users (Retailers, Food Aggregators and Travel Merchants)

Buy Now Pay Later Market in South Africa can be segmented on the basis of Type of End Users: Retailers, Food Aggregators and Travel Merchants where Retailers account for the higher share at XX% as compared to the food aggregators on the basis of revenue generated in the year 2022.

By Age Group of Customers (Below 20 years, 20-40 years and above 40 years)

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Buy Now Pay Later Market in South Africa can be segmented on the basis of Age Group of Costumers: Below 20 years, 20-40 years and above 40 years where the age group ’20-40 years’ accounts for majority share at XX% as compared to below 20 years and above 40 years on the basis of revenue generated in the year 2022.

Comparative Landscape in South Africa Buy Now Pay Later Market

Competition is observed to be moderately concentrated in the South Africa Buy Now Pay Later space with majority of market being acquired by 5-6 large players. The comparison has been built on multiple factors which includes onboarding process, ease of use and brand image and Other parameters such as Number of Investors, Funding and more are covered a part of the research.

South Africa Buy Now Pay Later Market Future Outlook and Projections

South Africa Buy Now Pay Later market is expected to grow with a double digit CAGR at XX% in between 2022 and 2027 on the basis of revenue generated. The number of transactions in the South Africa Buy Now Pay Later market are expected to grow with a double digit CAGR at XX% during 2022-2027. The average order value per transaction is expected to increase with a single digit CAGR at X% during 2022-2027. It is anticipated that Buy Now Pay Later market will grow owing to factors such as increasing demand for extra credit line, increased adoption of fin-tech in the South Africa Economy, easier access to credit, increased awareness and adoption by customers and businesses.

South Africa Buy Now Pay Later Future Forecasted Market Segmentation

By Mode of Payment (Online and Offline)

Buy Now Pay Later Market in South Africa can be segmented on the basis of Mode of Payment: Online and Offline where Online mode is forecasted to account for higher share at XX% as compared to the offline mode on the basis of revenue forecasted to be generated in the year 2027.

By Type of End Users (Retailers, Food Aggregators and Travel Merchants)

Buy Now Pay Later Market in South Africa can be segmented on the basis of Type of End Users: Retailers, Food Aggregators and Travel Merchants where Retailers are expected to account for the higher share at XX% as compared to the food aggregators on the basis of revenue forecasted to be generated in the year 2027.

By Age Group of Users (Below 20 years, 20-40 years and above 40 years)

Buy Now Pay Later Market in South Africa can be segmented on the basis of Age of Costumers: Below 20 years, 20-40 years and above 40 years where the age group ’20-40 years’ is expected to account for the majority share at XX% as compared to below 20 years and above 40 years on the basis of revenue forecasted to be generated in the year 2027.

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Key Segments Covered: -

South Africa BNPL Market:

By mode of payment (by Revenue) 2022 and 2027:

Online
Offline

By End Users (by Revenue) 2022 and 2027:

Retailers
Food Merchants
Travel Merchants

By Age Group of Users (by Revenue) 2022 and 2027:

Below 20 years
20-40 years
Above 40 years

Key Target Audience:

Bankers and associations
Government associations
Corporates
Investment firms
Government Bodies & Regulating Authorities
Fintech companies
Venture capitalists

Time Period Captured in the Report:

Historical Year: 2019-2021
Base Year: 2022
Forecast Period: 2023– 2027F

Companies Covered:

TymeBank
PAYJUSTNOW
Mobicred
PayFlex

Key Topics Covered in the Report:

BNPL Industry positioning
Socio demographic Outlook of South Africa
Presence of Global BNPL Players
Trends of BPNL Industry
Market size of BPNL
BNPL transaction process
Key Features and developments in South Africa BPNL
SWOT Analysis of South Africa BNPL
Issues and Challenges in South Africa BNPL
Investment Analysis of players in BNPL Space
Role of Government and regulations in South Africa BNPL
Porter’s Five force Analysis in South Africa BPNL
Future Market Size of BNPL in South Africa

For More Information on the research report, refer to below link: -

Buy Now Pay Later industry in South Africa

Related Reports by Ken Research: -

KSA Buy Now Pay Later Market Outlook to 2027

India Buy Now Pay Later Market Outlook to 2026: Cascading Growth driven by one-click payment ease, unmatched expediency among lending solutions and free of cost deferment of payments, coupled with rising adoption by Merchant Payments due to increase in Customer Conversion and Sales Value

UAE Buy Now Pay Later Industry Outlook to 2027: Driven by adoption of cashless society, increasing Genz & millennials population coupled with shifting preference towards easy interest free extra credit line sources

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3 Key Insights on Competitive Landscape in Global Industrial Starch Market: Ken Research

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Country Niche Players Dominate the Market Holding ~40% of Revenue Share Despite the Presence of about ~200 competitors comprising a Several Regional Players and Global Players, finds a recent market study on Global Industrial Starch Market by Ken Research

Starch is a homopolysaccharide generated from glucose units that are stored in plants as carbohydrates. It is created from fragments of plant cells and is stored in seeds, tubers, and roots. It is used commonly in various industries such as food and beverage, feed, pharmaceuticals, and others. There are several different sources of industrial starches, including corn, potatoes, wheat, and others.

Ken Research shares 3 key insights on the competitive landscape of this dynamic market from its latest research study.

1. Country Niche Players Who Comprise ~55% in Terms of the Number of Competitors Hold the Dominant Revenue Share

Competitive Analysis by the Ken Research Study found that the Global Industrial Starch market is highly competitive with ~200 players which include globally diversified players, regional players as well as a large number of country-niche players having their own niche in the development and execution for specific segments. The country-niche players comprise just about ~55% in terms of the number of companies, followed by regional players accounting for ~30% in terms of the number of companies. Most of the country-niche players are raw material suppliers. Some of these who successfully evolve to create specific industrial starch often get acquired by large global players seeking to grow and diversify quickly.

In March 2020, Western Polymer, a company that produces natural and modified potato thickeners for food and industrial purposes, was acquired by Ingredion Inc. The acquisition is anticipated to increase Ingredion's capacity to produce potato thickeners, improve its processing abilities, and increase the business and customer base for its higher-value specialty ingredients.
In April 2021, Cargill partnered with Starpro, Thailand's leading manufacturer of food-grade tapioca starch. This alliance aims to increase its specialty tapioca starch solutions in the Asia Pacific area, aiding food makers with their product processing needs and meeting consumers' sensory expectations.

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2. Leading Specialist Global Players' Ongoing Efforts To Provide Industrial Starch To a Variety of Industries Drive the Growth of the Market

Detailed comparative analysis of key competitors available within the Research Study shows that specialist companies, such as Archer Daniels Midland Company, and Gain Processing Corporation are highly focused on providing a significant number of industrial starch products that can be used across multiple industries, including food & beverage, Paper Making, Pharmaceuticals, and many more.

In March 2021, in order to expand its plant-based portfolio, Ingredion Incorporated introduced PURITY P 1002, a pea starch. The product improves texture for a variety of products, including vegan cheese, gluten-free baked goods, and gelatin-free confectionary.

3. Government Initiatives to Aid in the Expansion of the Global Market for Industrial Starch

In June 2021, Marie-Claude Bibeau, Canada's Minister of Agriculture and Agri-Food, and Saskatchewan Agriculture Minister David Marit announced US$2.5 million in support for research sponsored by the University of Saskatchewan exploring novel applications for starches derived from pulse crops.
In April 2019, the Ghanaian government has announced intentions to establish a cassava starch processing facility in the western region before the end of the year as part of its One District One Factory (IDIF) initiative.

Key Topics Covered in the Report

Snapshot of Global Industrial Starch Market
Industry Value Chain and Ecosystem Analysis
Market size and Segmentation of the Global Industrial Starch Market
Historic Growth of the Overall Global Industrial Starch Market and Segments
Competition Scenario of the Market and Key Developments of Competitors
Porter’s 5 Forces Analysis of the Global Industrial Starch Industry
Overview, Product Offerings, and Strength & Weakness of Key Competitors
COVID-19 Impact on the Overall Global Industrial Starch Market
Future Market Forecast and Growth Rates of the Total Global Industrial Starch Market and by Segments
Market Size of Application Segments with Historical CAGR and Future Forecasts
Analysis of Global Industrial Starch in Major Regions
Major Production/Supply and Consumption/Demand Hubs within Each Region
Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments
Overview of Notable Emerging Competitor Companies within Each Major Region

Notable Emerging Companies Mentioned in the Report

Shubham Starch Chem Pvt. Ltd
SPAC Starch Products (India) Private Limited
Sanstar Bio - Polymers Ltd.
Bangkok Starch Industrial Co., Ltd.
Everest Starch Pvt. Ltd.

Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report

Industrial Starch Companies
Industrial Starch Manufacturers Association
Food Manufacturers Association
Food Grade Chemicals Manufacturers
Research & Development Institutes for Industrial Starch
Industrial Starch Manufactures
Industrial Starch Supplier
Industrial Starch Raw Material Provider
Investment Banks Targeting Industrial Starch Market
Industrial Foods Manufacturers
Food Ingredients Manufacturers
Government Ministries and Departments of Foods
Government Ministries and Departments of Chemicals
Food Research Institutes
Food Regulatory Authorities

Period Captured in the Report

Historical Period: 2017-2021
Forecast Period: 2022E-2028F

For More Information on the Research Report, refer to below links: –

Global Industrial Starch Market: Ken Research

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3 Key Insights on US$ 161 Bn Opportunity in the Global Flat Glass Market: Ken Research

With Increasing glass architecture in the residential and non-residential construction industry, rising solar energy installations across the globe, and growing demand from various end-user industries such as the Automobile industry, and Consumer Electronics Industry, the Global Flat Glass Market is Forecasted to reach ~US$ 160 Bn by 2028 says Ken Research Study.

Flat glass is made by dissolving sand, soda ash, and silica in a liquid and spreading it to the required thickness. The molten liquid is then cooled to obtain the desired product. Most flat glass is soda-lime glass, most commonly manufactured using the float glass process, but it can also be rolled or formed by sheet metal. After manufacturing, the flat glass can be bent for various types of applications. Flat glass is most commonly used for manufacturing windows, doors, mirrors, photovoltaic modules, and e-glass structures among others.

"Ken Research shares 3 key insights on this high-opportunity Global Flat Glass Market from its latest research study."

1. Flourishing Construction Industry and Demand from Automobiles and Solar Energy Sectors are the Key Factors Driving the Growth of the Market

Flat Glass is widely used in various end-user industries. These are widely utilized in residential and non-residential construction such as tabletops, mirrors, windows, coatings, flooring, ceiling, and the manufacturing of various automobile parts, etc. Additionally, Flat glass is widely used in photovoltaic modules, e-glass structures, and solar panels due to the rising need for clean energy across the globe.

According to Ken Research estimates, the Global Flat Glass Market – valued at ~US$ 85 Bn in 2017, is estimated to reach ~US$ 110 Bn in 2022 – and is expected to showcase ~US$ 160 Bn opportunity by 2028.

2. World has Seen Exponential Growth in the Flat Glass Market Due to the Opportunity to Replace Petroleum-based Products

Fossil fuels, specifically, petroleum is hazardous to our environment. Governments are imposing rules for the limited use of petroleum. Flat Glass is a great alternative to chemicals made from petroleum. Further, Flat Glass is sustainable and eco-friendly hence causing less pollution. Biofuel produced from flat glass is gaining popularity as it has several environmental benefits when compared to petroleum-based diesel fuel. Due to these reasons, the Flat Glass Market is experiencing stable growth and is expected to grow during the forecast period.

According to the USA Census Bureau report published in October 2022, the total yearly value of construction in the USA was US$ 1,067.373 Billion in August 2021, and in August 2022 it jumped almost 10.9% reaching US$ 1,183.838 Billion. Due to increasing investment in the construction industry, the requirement for flat glass is expected to increase and this is expected to propel the growth of the Flat Glass Market.

3. Increase in the Cost of raw materials is a Major Concern Which Impedes the Growth of the Global Flat Glass Market

The prices of sand, soda ash, and limestone, which are the main raw materials used in the production of glass, have been rising in recent years. This has put pressure on glass manufacturers to increase their prices which in turn affects the end-user industries. Thus, continuous increase in the price of raw material is affecting the seamless growth of the Flat Glass Market.

As per Trading Economics, in China, the price of soda ash in 2020 was around 1568 Chinese yuan and in 2021 it reached 1751.08 Chinese yuan. In 2022 price increased to around 2595 Chinese yuan. Soda ash is an alkali chemical that is mostly produced from sodium chloride and limestone. The compound is used in the manufacturing of glass.

For More Information, refer to below link:-

Global Flat Glass Distributing Companies

India Waterproofing Membrane Market Outlook to 2025 – Waterproofing Membrane Market by Revenue (Sheet & Liquid Membrane), By Application (Roofing, Walls, Basements & Others), By End Users (Real Estate, Industrial, Infrastructure & Others) & By Regional Demand (North, West, South & East)

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Ankur Gupta, Head Marketing & Communications

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3 Key Insights on US$125 Bn Opportunity in Global Industrial Starch Market: Ken Research

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Industrial starch is in high demand owing to its expanding use as a thickening, stabilizing, and gelling agent, binder, diluent, and excipient, the Global Industrial Starch Market is Forecasted to reach ~US$125 Bn by 2028 says Ken Research Study.

Ken Research shares 3 key insights on this high-opportunity market from its latest research study.

1. Growth of the Food and Beverage Industry is Increasing the Demand for Industrial Starch

A significant element boosting the demand for industrial starch is probably the expansion of the food and beverage sector. Starch is used in the production of frozen, packaged, and ready-to-eat foods. The market growth is projected to be positively impacted by the rapid rise in demand for such food products, particularly in developing nations.

The need for food starch is anticipated to increase because many packaged goods already include starch. Modified starch can be utilized as a fat substitute and texture enhancer in a variety of foods, including baked goods, snacks, and beverages, in addition to its functional advantages. Additionally, due to its process stability, neutral taste, natural source, and nutritional advantages, food starch is generally favored in the food and beverage industry. Demand for food starch products that would assist to improve immunity is projected to rise in the future as people place more attention on health.

According to Ken Research estimates, the Global Industrial Starch Market –grew from ~US$60 billion in 2017 to ~US$85 billion in 2022 and is expected to grow further into a ~US$125 billion opportunity by 2028.

Increasing Adoption of Industrial Starch in Various Industry Drives the Market.

In both food and non-food applications, starch and its derivatives can be used as thickeners, stabilizers, sizing agents, binding agents, and fat replacements. Additionally, the bulk manufacture of numerous biotechnological products such as organic acids, antibiotics, vitamins, and hormones uses starch derivatives as an effective fermentation foundation. Starch and its derivatives are expected to be utilized primarily in the food business, but they are also being used in a variety of other end-use applications, including paper, construction materials, and pharmaceuticals.

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Fluctuating Raw Material Cost of Starch and High investment in R&D hampering the Growth of the Market

High expenditures associated with research and development as well as the growth of the gum arabic industry are the main barriers to the industrial starch market. Costs and availability of raw materials, as well as the limited use of artificially modified starch, are majorly limiting the growth of the global market throughout the anticipated period. The expansion of the global industrial starch market is expected to be hampered by fluctuating prices for raw materials including corn, wheat, rice, and others as well as a costly initial investment. The price of raw materials varies depending on their source, manufacture, and availability.

Key Topics Covered in the Report

Snapshot of Global Industrial Starch Market
Industry Value Chain and Ecosystem Analysis
Market size and Segmentation of the Global Industrial Starch Market
Historic Growth of the Overall Global Industrial Starch Market and Segments
Competition Scenario of the Market and Key Developments of Competitors
Porter’s 5 Forces Analysis of the Global Industrial Starch Industry
Overview, Product Offerings, and Strength & Weakness of Key Competitors
COVID-19 Impact on the Overall Global Industrial Starch Market
Future Market Forecast and Growth Rates of the Total Global Industrial Starch Market and by Segments
Market Size of Application Segments with Historical CAGR and Future Forecasts
Analysis of Global Industrial Starch in Major Regions
Major Production/Supply and Consumption/Demand Hubs within Each Region
Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments
Overview of Notable Emerging Competitor Companies within Each Major Region

Notable Emerging Companies Mentioned in the Report

Shubham Starch Chem Pvt. Ltd
SPAC Starch Products (India) Private Limited
Sanstar Bio - Polymers Ltd.
Bangkok Starch Industrial Co., Ltd.
Everest Starch Pvt. Ltd.

Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report

Industrial Starch Companies
Industrial Starch Manufacturers Association
Food Manufacturers Association
Food Grade Chemicals Manufacturers
Research & Development Institutes for Industrial Starch
Industrial Starch Manufactures
Industrial Starch Supplier
Industrial Starch Raw Material Provider
Investment Banks Targeting Industrial Starch Market
Industrial Foods Manufacturers
Food Ingredients Manufacturers
Government Ministries and Departments of Foods
Government Ministries and Departments of Chemicals
Food Research Institutes
Food Regulatory Authorities

Period Captured in the Report

Historical Period: 2017-2021
Forecast Period: 2022E-2028F

For More Information on the Research Report, refer to below links: –

Global Industrial Starch Market: Ken Research

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Contact Us: –

Ken Research

Support@kenresearch.com

+91-9015378249