Polyurethane Foam to Drive the Growth in North American Automotive Foam Market: Ken Research

Automotive foams are polymer foams manufactured by combining two phases, gas phase and solid phase to develop foams. This process results in development of foam incorporated with either air bubbles or air tunnels which are either closed cell structure or open cell structure. Foams with open cells are flexible while foams with closed cells are rigid. Chemical or physical gas is used as a blowing agent in the manufacturing of automotive foams. All the polymer foams are produced using various methods such as extrusion, slab-stock and moulding. Polymer foams are used in automotive industry, packaging industry, construction, furniture and other industries. The major factors driving the automotive foams market in North America are low density foam products, light weight and cost effectiveness. Automotive foams are used as optimal insulators with low heat transfer properties, flexibility and softness in automotive foams provide extra comfort to the passengers, growing consumer preference for polymer foams in vehicles and manufacturer’s approval towards automotive foam products in commercial vehicle are the other factors driving the demand for automotive foams.

According to the study “North America Automotive Foam Industry Situation and Prospects Research Report”, North America is the leading consumer of automotive foams across the world due to the rapid growth in the manufacture of heavy commercial vehicle and passenger cars within the automotive industry. An automobile per household has become a necessity and status symbol in the society due to modernization which is driving the automobile market coupled with automotive foam market. Majority of the polyurethane foams are used for seats in the automobiles due to their excellent features such as ease of installation, minimal weight, fire resistance, thermal resistance, and low cost.

North America automotive foams market is segmented based on types such as polyurethane, polyolefin, styrenic, polyvinyl chloride, phenolic, melamine, starch foams, biodegradable foams and others. Automotive foams are utilized in manufacturing industries such as instrument panels, seating, door panels, headliners, water shields, gaskets, seals, Noise-Vibration and Harshness (NVH) solutions and others. The leading players in North America automotive foams are Armacell, BASF SE, Johnson Controls, Woodbridge Foam Corporation, The DOW Chemical Company, Lear Corporation, Bridgestone Corporation, Recticel, Vitafoam, Saint-Gobain and Rogers Corporation.

Polyurethane foam materials provide insulating and adhesive characteristics along with solvent, temperature, and water resistance, resulting in increasing demand by the electronics industry. Major end-use industries in North America polyurethane foam market are automotive and construction sectors. Polyurethane foam materials are used by the U.S. Army to insulate their tents and wide array of consumer products are manufactured to provide durability, comfort, light weight at less cost. The aforementioned property in the polyurethane foam material is a preferred option for many industries including automobile industry. Demand for light-weight automobiles with fuel efficiency has led to more utilization of polyurethane foam materials. The technological advancements evolving in electronics and appliances industry has led to utilization of polyurethane foam materials for encapsulate, seal, insulating the fragile parts, pressure sensitive parts, small electronic components as well as underwater cables.

Automotive foams market faces few major market challenges such as waste disposal, flammability, recyclability and adverse effects of blowing agents on the environment which are directly hampering the growth of the market. Rapid industrialization, economic progress, and increasing disposable income have fostered the development of automotives, consumer goods, and electronics sectors that demand for automotive foams in North America. There is a huge demand for polyurethane foam compared to the other variants of foams and is expected to remain on the top over the next few years.

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Economic Slowdown in Emerging Nations to Hinder Global Tool Steel Industry Growth: Ken Research

Tool steel is the first choice of automobile makers globally due to its desired standards of strength and safety. It is the strongest and most affordable material that can be engineered in many ways to meet the increasing automobile needs and performance of a vehicle. The increasing consumption of steel coupled with automotive industry is driving the global tool steel sector. Automobile manufacturers comply with stringent regulations governing automobile emissions and fuel efficiency. To tackle the major environmental concerns, specific targets for fuel efficiency and emissions reduction are established to reduce vehicular carbon dioxide emissions.

A wide range of carbon steels and alloy steels are used in the manufacture of tools used in the automobile industry. These steels are known for their hardness, deformation and resistance to abrasions which are the key driving forces in the global tool steel market. Tool steel is used in the manufacture of various cutting tools, such as tool bits, drills, taps, gear cutters, saw blades, planers, jointer blades, milling cutters, router bits, punches, and dies. Tool steel posses high resistance to wear or tear good thermal conductivity, hardness, cost-effective machine-ability, excellent polishing properties and acid-treatment properties. These properties are suitable for use of tool steel in various industries such as automotive industry, mechanical and plant engineering, power-generation, aviation, food and packaging industries, structural and civil engineering and mining.

According to the study “Global Automotive Tool Steel Industry Situation and Prospects Research report”, majority of the global tool steel manufacturers are investing heavily to produce advanced high-strength steels of light weight and safe to use. Automobile manufacturing involves a lot of theories such as front end crash requirements, manufacturing material should be able to absorb crash energy, and vehicle body material should be able to deflect energy to avoid crumple. Steel possessing such flexibilities and qualities affordably are in huge demand.

Geographically, global automotive tool steel market is spread across North America, Latin America, Europe, Asia Pacific, Japan, Middle East and Africa. Asia Pacific dominates the global tool steel market, followed by Europe and North America. China, Japan, India and U.S.A are the major markets for tool steel with huge revenue generation in the global market. The major players in global tool steel market are Nachi-Fujikoshi Corp (Japan), Voestalpine AG (Austria), Sandvik (Sweden), Baosteel Group (China), Samuel, Son & Co (Canada), Hitachi Metal (Japan), Eramet SA (France), Schmiedewerke Gröditz (Germany), Universal Stainless (US), QiLu Special Steel Co,.Ltd (China), Hudson Tool Steel Corporation (US), GERDAU S.A (Brazil) and Pennsylvania Steel Company (US). Global automotive tool steel industry is segmented into commercial and passenger vehicles. This segmentation is based on the type of steel utilized for the production of the automobiles. The tool steel segmentation is categorized between carbon tool steel, alloy tool steel and high speed tool steel.

Advanced High-Strength Steels (AHSS) are lighter in weight and uses less steel in manufacturing process. Tool steel is infinitely recyclable due to its non-degradability and can easily be withdrawn out during the recycling process compared to other materials that are not magnetic. Advanced High-Strength Steels are manufactured at very thin gauges while maintaining the strength of mild steels and are effectively used in the automotive industry.

Global tool steel industry growth is driven by global forging industry with its various applications in automotives, factory automation, aerospace, defence and others sectors. Advanced technology in automobile manufacturing has led to growing implementation of high technological tools that are lightweight and more users friendly. The tools manufactured are used for jacking, tire change, re-screwing and other automotive operations. The increasing use of tool steels in the shipbuilding and energy sectors are many creating opportunities in the market. The major market challenge in next few years in the tool steel market is the economic slowdown in the emerging countries worldwide within the industrial sector. The growth in global automotive sector has resulted in demand for more sophisticated tools and automotive tool steel. Global automotive tool steel market is expected to grow steadily over the next few years due to the continuing growth in the automotive industry, forging industry and tool steel manufacturers.

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Singapore Hospital Market is Expected to Reach SGD 9.5 Billion by 2022: Ken Research

Ken Research in its latest study, “Singapore Hospital Market Outlook to 2022 - by Public, Private Hospital & Not-for-Profit Hospital, by Inpatient & Outpatient, by Acute, Community & Psychiatry Hospitals”, suggests that demand for hospital services in the market will continue to grow in Singapore owing to increased adoption of healthcare IT systems and rising investment by the public sector.

·         The hospital market in Singapore witness reorganization of public healthcare system into three integrated clusters to better meet Singaporeans’ future healthcare need namely Central region (National Healthcare Group (NHG) and Alexandra Health System (AHS), Eastern region (Singapore Health Services (SingHealth) and Eastern Health Alliance (EHA),  Western region  (National University Health System (NUHS) and Jurong Health Services (JurongHealth)).

·         The market growth rate declined during 2012-2016 due to slowdown in medical tourism due to rising competition from neighboring countries such as Malaysia, Indonesia and Thailand.

·         The hospitals market is dominated by public hospitals with major hospitals being Singapore General Hospital, Changi general Hospital, Khoo Teck Puat Hospital, and Tan Tock Seng Hospital.

Singapore hospitals market will be driven by organic expansion of both public and private hospitals and increased government initiatives in the healthcare sector to provide better care to the geriatric population. For instance, Tan Tock Seng Hospital will open new 300 bed infectious disease hospital by 2018 which will act as a containment facility in the event of an outbreak similar to the severe acute respiratory syndrome (SARS). Further, the government has revealed expansion plans for Singapore General Hospital which includes opening of Outram Community Hospital by 2020, National Cancer Centre Singapore (NCCS) by 2040, expansion of SGH Accident & Emergency (A&E) Block.

The market will witness rise in healthcare inflation. Elderly healthcare costs in Singapore are projected to rise tenfold over the next 15 years to more than SDG 66 billion annually.

Further, rising competition in the industry may lead major players to undertake mergers and acquisitions which could drive the industry towards consolidation. Further, there will be more transparency in terms of pricing as MOH plans to introduce benchmarks for fees charged by doctors from 2018 which will majorly benefit foreign patients to make more informed decision.

Rising focus on high revenue intensity streams which includes secondary care, tertiary care and quaternary care and comprehensive health screening programs to increase contribution from outpatients coupled with elevating prevalence of chronic and lifestyle diseases will propel Singapore hospital market revenue in future.

Hospitals Covered:

·         Singapore General Hospital

·         KK Women’s and Children Hospital

·         Bright Vision Hospital

·         Changi General Hospital

·         Raffles Medical Group

·         Tan Tock Seng Hospital

·         Institute of Mental Health

·         Yishun Community Hospital

·         Khoo Teck Puat Hospital

·         IHH healthcare Berhad

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

https://www.kenresearch.com/healthcare/general-healthcare/singapore-hospital-market/149669-91.html

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Gulf Remittance to India Market Outlook: Ken Research

India’s immense population is in a way benefitting the country. This statement, though debatable, has been backed by the remittance sector of the country. Market Research Reports for remittance crown India as the 2017 leading recipient of international personal remittances claiming nearly 11% of global inflows. Despite its large contribution of more than 55% to India’s total remittance, remittance from the Middle East has recently witnessed a major fall of more than 9%. This fall has been attributed to the decrease in the average annual income per Indian migrant across the region.

The Middle East accommodates the highest number of Indian migrants around the world who account for nearly 20% of the total global migrants in the Middle East and almost 55% of the total Indian migrants globally. Despite this it was revealed that more than 40% of the migrants in the Middle East were unskilled labor. Indians occupy various positions with nearly 10% working as trained professionals but the majorities (around 75%-80%) however, work as laborers and technicians in construction companies. The Gulf may appear as a haven for employment but this does not mean it is immune to economic disturbances.

1.      Remittance Industry Research Reports attribute the fall in remittance to the ongoing economic downturn in the Gulf due to fall in crude oil prices, internal political disturbances , the extra burden of taxes on expats, like the family dependent tax in Saudi Arabia and the growing inclination to recruit locals.

2.      Further Indian workers in the region have   reported violations of contractual terms, adverse working conditions, poor wages and problems related to medical insurance and compensation claims. As a result many Indian workers have shown an interest in returning home and more than 3,000 had requested repatriation from Indian authorities in 2017 with most of them being from Saudi Arabia.

3.      Indian policies towards the migrants heading to the Gulf are also a cause for the decline, like the introduction of a tax on conversion of remittances, extra regularization of foreign recruiting markets and the recent color coding of ECR passports. Since ECR status was included on a separate page, India’s government intended to remove this page by coloring the passport jacket orange to identify ECR emigrants. This could create a sense of inferiority among the ECR passport holders due to their poor economic and educational status and further decrease labor flow. After public anger this policy has now been abandoned. 

The effects of such unfavorable factors are visible as material trade and labor between India and Arabia has declined. Consequently NRI remittances to India from the GCC (Gulf Cooperation Council) countries have decreased alarmingly. A decline of remittance inflows creates a major cause for concern due to adverse impact on India’s balance of payment and on the domestic employment adjustment. The government must take remedial measures to curb such decline and to prevent the discriminatory behavior against ECR migrants.

Remittance is a major component in terms of contribution to GDP, especially for developing nations like India where domestic resources and national production are insufficient to provide full employment for the existing labor supply. Also while India’s remittance inflows are similar to China’s the share of remittances as a percentage of GDP is higher in India which reflects a higher dependency of India’s domestic economy on foreign remittances. Also, the average wage in India is lower than that of the Gulf and since it is a major source for India’s remittance inflow, a decline in earnings in the region could adversely affect India’s employment and balance of payment.

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Tunable Classroom Lighting Market Outlook: Ken Research

Modern day technology is bringing the fields of education and technology closer. Changes are being made to classrooms which will improve student learning. One such technology that is being proposed is that of tunable lighting. Such lighting has the feature to change its color according to various settings as it uses CCT (Correlated Colour Temperature) technology. The fact that adopting this technology will reduce energy and maintenance costs for schools is evident by education market research reports consulting.
Optimized lighting means being able to provide the right amount of light to help people accomplish their tasks, keep more energized or be more relaxed and comfortable which is why integrated lighting control and shading solutions have become important. Over time educational technology has led to developments in classroom tools but classroom lighting has not been such a prominent sector. Tunable lights have an extensive adaptability to the requirement and have been designed keeping in mind the concept of multifunctionality. LED systems aid the CCTs by providing the ability to vary the power and dimming levels to better support classroom activities. Despite still being in the experimental stage tunable lights are gaining preference. The US Department of Energy’s GATEWAY Program demonstrated this recently by carrying out a trial installation of tunable white LED lighting systems in three classrooms in the Carroliton-Farmers Branch Independent School District in Carroliton, Texas. This provided valuable insights into the use of this technology in a real world setting. Some of the results found were-

• The reduction in input power for the tunable white LED lighting was estimated to be nearly 60%.
• Dimming also helped increase the energy saving in each classroom.
• The varied uses by teachers were recorded by the monitoring system. The effective lighting is clear by the fact that the lighting consistently operated with all or some of the luminaires turned off or dimmed for portions of the school day.
• Colour consistency for the tunable white LED luminaires was very good even over the dimming range with only minor variations in CCT.
• Teachers reported that students were more involved in the learning process and the lighting system improved the overall learning environment.

The research and experiments carried out in Texas are gaining popularity and other institutions are also doing their independent researches. Education business review reveals that Finelite conducted research on classroom lighting and the published findings have been used by Collaborative for High Performance Schools (CHPS) and Leadership in Energy and Environmental Design (LEED) to develop best classroom lighting practices. Both CHPS and LEED are highly reputed American green building rating systems the latter of which is the most widely used in the world. This clearly brings out the eco friendly prospects that come along with developing classroom lighting technology.
Tunable lighting has proven through initial tests that it is a smart option for classrooms that will not only improve learning but also prove to be beneficial to both the institution that uses it and the environment. Finelite is being joined by other companies who are trying to develop similar tunable classroom lighting. Interest from green building rating systems only builds on the fact that such lighting is the way forward with the US leading the way.  
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Singapore Hospital Market Outlook to 2022-Ken Research

The report titled “Singapore Hospital Market Outlook to 2022 - by Public, Private Hospital & not-for-Profit Hospital, by Inpatient & Outpatient, by Acute, Community & Psychiatry Hospitals” provides information on market size for Singapore hospital. The report covers aspects such as hospital market segment (by public, private & not-for-profit hospitals, by Inpatient & Outpatient and by Acute, Community & Psychiatry Hospitals), competitive landscape of major players in the Singapore hospital market including Singapore General Hospital, KK Women’s and Children Hospital, Bright Vision Hospital, Changi general hospital, Raffles Medical group, Tan Tock Seng Hospital, Institute of Mental Health, Yishun Community Hospital, Khoo Teck Puat Hospital, IHH healthcare Berhad, and Raffles Medical Group. The report concludes with market projection for future and analyst recommendations highlighting the major opportunities and cautions.

Singapore Hospital Market Overview

Singapore hospitals market increased at a declining rate during 2012-2017. Macro trends positively affecting the hospital market include ageing population, rising chronic disease prevalence, escalating healthcare needs and increasing complexity of care needs. The growth slowdown was majorly due to slowdown in medical tourism. Backed by greater demand, major hospitals have invested in expansion strategies. For instance, IHH Healthcare witnessed positive growth in revenue due to ramp up of Mount Elizabeth Novena Hospital as the hospital added 30 beds. The market witnessed higher inpatient admissions, improvement in average revenue per inpatient admission due to higher complexity of medical conditions.

Market Segmentation

By Inpatient and Outpatient: Revenue from outpatients have accounted for the majority share in Singapore hospital market in 2017. Rest was generated from inpatient services. This was majorly due to shift in focus towards preventive healthcare services which augmented the revenues from outpatient services.

By Public, Private & not-for-Profit Hospitals: Most of the hospitals in Singapore are owned and managed by the public sector. Public hospitals have also accounted for the larger share of hospitals beds in Singapore in 2017. Rest of the hospitals are owned and managed by the private sector and not for profit organizations. Public & private hospitals offer specialized and integrated services whereas not-for-profit hospitals offer rehabilitative care and palliative care services.

By Acute, Community & Psychiatric Hospitals: Acute hospitals have accounted for the majority share in the number of hospitals and number of beds in 2017. Rest of the hospitals comprise of community and psychiatric hospitals.

Competition Overview

The hospitals in Singapore are controlled by the public sector, private sector and not-for-profit organizations. Private hospitals come under high value, low volume category (high fees, lower occupancy) whereas public hospitals come under high volume, low value category (low fees, higher occupancy). Public hospitals are more dedicated towards serving mass population whereas private hospitals are more inclined towards affluent class and medical tourists. Major hospitals include including Singapore General Hospital, KK Women’s and Children Hospital, Bright Vision Hospital, Changi general hospital, Raffles Medical group, Tan Tock Seng Hospital, Institute of Mental Health, Yishun Community Hospital, Khoo Teck Puat Hospital, IHH healthcare Berhad, and Raffles Medical Group. Major competition parameters for private hospitals are facilities, number of beds, number of hospitals, fees, quality of doctors/medical practitioners and specialization.

Future Potential

The hospitals market in Singapore is expected to grow at a positive CAGR during 2017-2022. Singapore hospitals market will be driven by organic expansion of both public and private hospitals and increased government initiatives in the healthcare sector to provide better care to the geriatric population. For instance, Tan Tock Seng Hospital will open new 300 bed infectious disease hospital by 2018 act as a containment facility in the event of an outbreak similar to the severe acute respiratory syndrome (Sars). Further, the government has revealed expansion plans for Singapore General Hospital which includes opening of Outram Community Hospital by 2020, National Cancer Centre Singapore (NCCS) by 2040, expansion of SGH Accident & Emergency (A&E) Block. Further, rising competition in the industry may lead major players to undertake mergers and acquisitions which could drive the industry towards consolidation.

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

https://www.kenresearch.com/healthcare/general-healthcare/singapore-hospital-market/149669-91.html

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Saudi Arabia Canned Food Market Facing Trouble Putting the Lid on Thinning Customer Base : Ken Research

Product and Packaging Innovation in Canned Food Market

According to Chitwan Tayal, Market Research Associate at Ken Research, “Canned food market can be aided by introduction of new product categories and investment in packaging innovation. Organic food can be introduced in canned form to deliver health with convenience. Additionally, packaging innovation can be carried out in terms of non-BPA cans, recyclable cans and differentiated labeling based on target audience.”

Ken Research estimates that the canned food market in Saudi Arabia is expected to grow at CAGR of 1.9% for the next five years to reach around USD 509.9 million by 2022.”

Genesis of Canned Food Market

The canned food market in Saudi Arabia is about a 100 year old market. Most canned food companies in KSA were established in the late 1900s.  Growth was seen in this market in its initial years due to the convenience canned food provided in terms of storage as well as cooking. Over time, however, the reach of fresh products has expanded in KSA and consumers have started opting for these over canned food products as these are perceived to be healthier. Growth in the market has become stagnant and is likely to grow at a subdued rate in the future.

Matured Stage of Canned Food Sector in KSA

Canned food market in KSA is currently in its mature stage. There are very limited product innovations happening and companies are having trouble retaining customers. Product categories available in the canned food market include canned dairy, canned fish, canned meat, canned fruits and vegetables, canned legumes and beans and canned cooking sauces. Of these, canned dairy is the leading product category. Canned food market in Saudi Arabia has grown at a CAGR of 3.1% in the past 5 years.

Saudi Arabia canned food market is concentrated in nature. There are a limited number of large domestic players dominating the market. The major players in the canned food market in Saudi Arabia include Saudi Goody Products Marketing Company Ltd., Gulf Food Industries – California Garden, Almarai Co., Luna (NFIC), Saudia Dairy and Foodstuff Company (SADAFCO), Del Monte Saudi Arabia Ltd., Al-Wedyan National Company for Food Products Ltd., Al-Alali and AKH Foods. Canned food companies compete on the basis of various factors including price of products, product differentiation and location of their distribution depots.

Revival in Demand from End User Segments

Growth in institutional end user segments such as hotels, restaurants and fast food outlets will be a major source of demand for canned food products in the future. Saudi Arabia has shifted its focus to investments in the tourism sector to reduce its dependence on revenues from oil. Canned food products are also in demand by catering companies supplying meals to Hajj and Umrah pilgrims. The pilgrims were 2.4 million in number in 2017.

Demand for canned food is likely to be adversely affected by the NITAQAT scheme and Saudization. This is because this scheme is leading to exit of expatriates, which are major end users for canned food, in large numbers. Negative perception of healthiness of canned food is also affecting the market negatively. Consumers are increasingly opting for fresh and frozen products over canned substitutes.

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

https://www.kenresearch.com/food-beverage-and-tobacco/general-food/saudi-arabia-canned-food-market/149549-11.html

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Advanced Technology in Organ Preservation to Drive Asia Bio-Medical Packaging Industry: Ken Research

It was observed that there are an increasing number of annual transplants and surgical implants happening in Asia every year. Successful surgeries are possible with the developed effective bio-medical packaging which utilizes advanced packaging materials to ensure longer life of organs or specimens and avoids contamination. The advanced bio-medical packaging market consists of various packaging solutions such as bio-bottles, bio-pouches, bio-medical waste bins, temperature control kits, infectious substance packaging and much more. Advancement in biotechnology coupled with increasing awareness about human body has boosted the growth of bio-medical packaging industry in Asia.

According to the study “Asia Bio-Medical Packaging Industry Situation and Prospects Research Report”, Asian medical industry is investing in advanced bio-medical packagings at a large scale. Active refrigeration and thermostat equipped boxes are the popular equipment for storing organs or specimen to increase their safe life time using temperature controlled kits. Blood donation and organ donation awareness is increasing in Asian population which needs more sophisticated bio-medical packaging materials for preservation. Bio-medical packaging market in Asia is dedicated to the safety of matter stored and also protects the environment from getting infectious by infected organs or samples. Governments within the Asian region are concerned about the cleanliness and standards maintained in the hospitals. Hospitals in Asia strictly maintain medical standards and regularly change various packaging which drives the bio-medical packaging market.

Asia’s bio-medical packaging market is categorized into primary packaging and secondary packaging. Based on the rigidity, bio-medical packaging is categorized into flexible packaging and rigid packaging. Asian bio-medical packaging market is segmented into various products such as bio-bottles, bio-pouches, bio-hazard bags, infectious substance packaging, temperature controlled kits, bio-medical waste bins and others. The bio-medical packaging market utilizes polymer, paper, paperboard, non-woven fabric and others materials in the manufacturing process. The bio-medical packagings are used for packing medical equipment & tools, medical devices, IVDs and implants. The various forms of bio-medical packaging are bags, pouches, trays, boxes and others. The leading market players involved in the bio-medical packaging market are Temperature Packaging Solutions, Cibesmed Biomedical Packaging, Custom Pack, Bio-Packaging Ltd., Tecnisample SL, CarePack Holland BV, Exeltainer, Bio-bottle Ltd., and Extra Packaging. Geographically, Asia’s bio-medical packaging industry is spread across Southeast Asia, Australia, India, Japan, China, South Korea and Taiwan.

Advanced technology in bio-medical packaging systems are designed in such a way that the packaging can hold and transfer the biological materials that are stored at controlled room temperature, refrigerated or frozen. These biological materials include packed whole blood, plasma, tissue specimen, red blood cells, platelets, and organs. It was observed that there is an increasing demand for the bio-medical packaging in the past few years due to more number of blood and organ donations that need proper preservation. This trend will continue in the next few years due to more awareness in organ donations that will drive the bio-medical packaging market in Asia.

To know more click on the link below:

https://www.kenresearch.com/metal-mining-and-chemicals/chemicals/asia-bio-medical-packaging-industry-situation-and-prospects-research-report/145709-101.html

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