Indonesia Peer-to-Peer Lending Market Research Report and Forecast: Ken Research

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How Indonesia Peer-To-Peer Lending Market Is Positioned?

Indonesia Peer-to-Peer lending market was observed to be at a nascent stage since the market was established in 2016 driven by a need to serve the under-banked and underserved businesses and customers in the remote regions of Indonesia. The regulations brought out by the Indonesian Financial Services Authority in 2016 outlined the operational and financial requirements for Peer-to-Peer lending platforms to operate. The market is fragmented with more than 100 platform operators currently registered with the OJK. The improvements in technology and internet connectivity will drive more platforms to establish and reach more customers.

The Indonesia Peer-to-Peer Lending market size has seen major growth since its inception in 2016. The nascent nature of the market, the market has more than doubled every year. The improvement in credit assessment techniques and the use of Artificial Intelligence and Machine learning techniques has driven the increase in borrower base due to more approvals. The Non-performing loans have also been at par with the Indonesian banks and in some cases lower. The number of platform operators has also nearly doubled every year and is poised to grow similarly in the future.

The types of loans disbursed by these platforms are Working Capital loans, Consumptive loans, and Investment loans. Working capital loans occupy the major share for a type of loans since these loans are mostly disbursed to MSMEs. Working capital loans dominate the type of loans disbursed by banks followed by Investment Loans and finally consumptive loans. Peer-to-Peer lending in Indonesia is a recent phenomena. In 2016, Modalku and Crowdo were one of the first companies to obtain regulatory clearance to operate their platforms.

Indonesia Peer-To-Peer Lending Market Overview

The growth in the Peer-to-Peer loan disbursal has seen a large rise in the period 2016-2018. The growth in loan disbursed can be attributed to increasing in mobile phone and internet penetration, two most important infrastructure required to reach the unbanked and underserved businesses and consumers. Working capital loans to SMEs constitute a major share of the total loan disbursed. Historically, due to lack of financial documentation and credit history has left this segment underserved in terms of credit access. The implementation of Big Data analytics and Artificial Intelligence, using non-financial data points such as e-commerce website trends, social media habits among others, by the platform operators provides an alternate method in a credit score Indonesia’s geography poses a significant obstacle for internet and mobile phone penetration as it comprises of more than 17,000 islands across a distance of 5,000 km west to east with unevenly distributed population.

Indonesia Peer-To-Peer Lending Market Segmentation

By Location of Loan Disbursed (Inside Java and Outside Java)

Loan disbursal inside Java was seen to dominate the Peer-to-Peer lending market in Indonesia during 2016-2018, due to the presence of banking system, internet infrastructure and a dominant share of Indonesian GDP. Loans disbursed were dominated by working capital loans. The remaining share was captured by outside Java geography. The growth in loans disbursed inside Java has grown at a CAGR of % in the period 2016-2018 and accounts for % of all loans disbursed by Peer-to-Peer lenders in Indonesia. The total loans disbursed inside Java was IDR Billion in 2018.

The growth in loans disbursed outside Java has grown at a CAGR of % in the period 2016-2018 and accounts for % of all loans disbursed by Peer-to-Peer lenders in Indonesia. The total loans disbursed outside Java was IDR Billion in 2018.

Comparative Landscape in Indonesia Peer-To-Peer Lending Market

The Peer-to-Peer lending market in Indonesia was observed to be highly fragmented with the presence of a few international players from countries like China, Malaysia, and Singapore. It is relatively easier to enter into the Indonesian market as OJK has laid out guidelines to establish and operate. OJK also tests the operational reliability of the platforms for fraud susceptibility and platform failures due to technology. Investree, Modalku, and Koinworks were one of the first companies to gain OJK license and operate in Indonesia. Platforms compete with each other on parameters such as total loans disbursed, loans outstanding, Non-performing loans and borrower and lenders registered on their platforms.

Indonesia Peer-To-Peer Lending Market Future Outlook and Projections

Over the forecast period 2019-2024, the market is estimated to continue growing in terms of loans disbursed and a number of borrowers and lenders participating in the market. The market is expected to grow on the back of improved internet and mobile phone infrastructure. Adoption of digital services on the back of increased e-commerce activities will invite more borrowers and lenders. More platforms are expected to start operations outside of the Java region as the majority of the underserved businesses lie here. Partnerships between various entities involved in the market ecosystem will also increase data sharing and improvement in product and service offering of these entities.

Key Segments Covered:-

By Location of Loan Disbursed

Inside Java

Outside Java

Key Target Audience

Existing Peer-to-Peer Lending Platforms

New Market Entrants- Domestic Platforms

New Market Entrants- International Platforms

Banks and Financial Institutions

Government Bodies

Investors & Venture Capital Firms

Third Party Technology Providers

MSMEs and E-commerce Sellers

Time Period Captured in the Report:-

Historical Period: 2016 -2018

Forecast Period: 2019-2024

Companies Covered:-

Investree

Modalku

Koinworks

Danamas

Mekar

Crowde

Crowdo

Akseleran

Aktivaku

Amartha

Keywords:-

Government Bodies P2P Market Indonesia

Third Party Technology Providers in P2P Market

Peer to Peer Lending Market in Indonesia

Indonesia P2P Lending Industry

Number of Lenders Registered Indonesia P2P Market

Interest Rate Indonesia P2P Lending Market

Indonesia Long Term Interest Rate

Indonesia Peer to Peer Lending Market Platforms

Indonesia Peer to Peer Lending Regulations

Indonesia SME Financing Market

Peer to Peer Lending Market Indonesia

To Know More, Click On The Link Below:-

Indonesia Peer-to-Peer Lending Market Outlook

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Growing Trends In The Worldwide Facility Management Market Outlook: Ken Research

Facility Management Market: - The effective advancement of the infrastructure has been leading to the growth in the requirement of services such as housekeeping, façade cleaning, protection, and several others. This has concluded into the growth in soft facility management services. The Soft and Hard facility management services Market have unmistakably registered the facility management market generally owing to the fact that these services have been registered in almost every commercial organization, residential apartments in the urban locations and several other spaces. Whereas, the India facility management market has been infiltrated with the extraordinary competition arising from the existence of both international and domestic players in the market.

Additionally, technological advancements in building automation, the handsome growth in the real estate with a growing number of commercial and residential projects, sophisticated preference towards, innocuous and clean environment and professional conduct of services, as well as inexpensive pressures, have been significantly fluctuating the market.

In Kuwait, the facility management service market is at the embryonic stage. The market has effectively observed strong growth over the past five years. The facilities management industry has started increasing with the subcontracting of soft services such as cleaning, housekeeping and several others in Kuwait Facilities Management is management the chastisement that helps and developed the core company progressions and intensifications return on investment by result-oriented usage of the resources, services, and activities, vivacious to the triumph of any organization. The advancements in the technology have been impending people to transfer towards accepting the facilities management.

Sideways, the requirement for Facilities management services has also effectively augmented due to the increasing requirement of concierge, man-guarding, maintenance, and housekeeping services in commercial buildings and shopping complexes and professionalism in the management of all the facilities with growing regards towards cleanliness. Moreover, effective growth in the number of super and hypermarkets in the country has also completely squeezed the requirement for the facilities management services in Kuwait.

Not only has this, but the increasing preferences of the populace to live in a clean and secure environment which will be skillfully managed will also boom up the requirement for the facilities management services. The significant increase in the hotel industry in the country will trigger the requirement for HVAC services, security, cleaning, housekeeping, and several other facilities management services.

Whereas, in Oman, the significant growth in the project activity positioned on the tourism and the commercial segment has elevated the requirement for the Soft and Hard facility management services market in the region, leading to a constructive impression on the facilities management market. An increasing number of foreign expatriates in Oman has positively obstructed the growth of the industry.

As the facilities management market in Oman is scrappy, it will deliver the enormous opportunity to worldwide and local players to tap this market with the assist of technology advancements and increasing the awareness among Omanis towards FM services. Enormous growth in the construction, tourism and healthcare industries in the country will augment the requirement for FM services. Therefore, in the coming years, it is predicted that the market of facility management will increase across the globe more enormously over the coming years.

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Effectively Increase In the Latin America Market Insights On Automotive Composite Materials Outlook: Ken Research

The automotive composites have long been and effectively utilized in the several vehicles such as autos, trucks and several others, generally under the hood and in interiors. Carbon fiber has been utilized in the high-performance vehicles for several years, and now fresh and high speed manufacturing technology is enabling carbon fiber to shift into production vehicles. Not only has this, composites are the composition of two or more constituent materials, announce an essential portion of an automobile and, if successfully castoff, can lead to quickly lighter vehicles that are meaningless and more fuel-effective. Furthermore, on the back of grueling fossil fuel sources and increasing approach ability interrelated to the pollution initiated by it, a transfiguring trend in the automotive industry is energy dexterous.

According to the report analysis, ‘Latin America Market Insights on Automotive Composite Materials, 2018-2024: Emphasis on Material Type (Polymer Matrix Composites, Metal Matrix Composites, Ceramic Matrix Composites and Hybrid Composites), Manufacturing Process (Hand Lay up, Compression Molding, Injection Molding, Resin Transfer Molding)’ states that in the Latin America Market Insights on Automotive Composite Materials, there are numerous key players which recently performing more significantly for leading the fastest market growth and registering the high value of revenue during the short span of time while proficiently analyzing and studying the stringent government regulations and GHG emission, increasing demand of the composites among the Hybrid and Electric vehicles, deducting the cost of the raw Materials and evolving the Brazilian Automotive Composite Market includes BASF SE, DowDuPont Inc., Gurit Holding AG, Magna International Inc., Mitsubishi Chemical Holdings Corporation, Owens Corning, SGL Group, Solvay SA, Teijin Limited, Toray Industries Inc. and several others.

In the terms of revenue, the Latin America is deliberated to be one of the foremost potential business locations by most of the automotive OEMs and composite materials merchants. Therefore, these players are prolonged their businesses in the economy to tap the possible and profit making opportunities. Due to the growth measured in the number of new vehicle registration during the past few years and therefore, the significant development in the level of Greenhouse Gases (GHG) emissions in the environment. Players in the economy are to deploy composite materials in their models as it decreases the overall weight of the vehicle and effective rise of the fuel efficiency.

Based on the country, the Latin America is the chief contributor to the high levels of CO2 emission. Due to the alarming GHG level in the economy, regions such as Brazil, Argentina, Chile and others have promised to deduct the GHG levels to a certain level in the foreseeable forthcoming. Such initiatives have interested the auto players in to organize composite materials in their models as composites decrease the overall weight of the vehicle and intensify the fuel efficiency. In 2017, Brazil accounted the market in Latin America economy.

Additionally, based on the material type, in the recent time, the PMCs are the most widespread composite type among the automakers owing to the great flexibility, extraordinary insulation, cheap density and lighter weight as compared to other composite materials type. However, cheap cost and exceptional structural and mechanical possessions of hybrid composites are creating them an alternative to the single fiber composites. Therefore, in the near years, it is predicted that the Latin America Market Insights on Automotive Composite Materials will increase more significantly over the coming years.

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

Latin America Automotive Composite Materials Market

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Global Automotive Composites Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024

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Ken Research
Ankur Gupta, Head Marketing & Communications
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+91-9015378249

Taiwan Online Advertisement Market Outlook to 2023: Ken Research

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The report titled “Taiwan Online Advertisement Outlook To 2023 - By Medium (Desktop and Mobile), Type (Display, Video, Search, Buzz / Content and Others), By Sectors (FMCG, Healthcare, Entertainment & Media, Finance and Financial Insurance, E-Commerce and Others), and By Cost Model (CPC, CPM and CPA)” provides a comprehensive analysis on Taiwan Online Advertisement Industry. The report covers introduction, value chain, market size by advertisement expenditure, market segmentation by medium (desktop and mobile), by type (display, video, search, buzz / content and others) Medium wise (Desktop and Mobile), by Type on the basis of Platform (Facebook, Instagram, Goggle, YouTube and others), by sectors (FMCG, Healthcare, Entertainment and Media, Finance and Financial Insurance, E-commerce and others), by cost models (CPC, CPM and CPA), comparative landscape, growth drivers, trends and developments, growth restraints, issues and challenges and the regulatory framework. The report concludes with market projections for future and analyst recommendations highlighting the major opportunities and cautions.

Taiwan Online Advertisement Market Overview and Size

Taiwan Online Advertisement Market is mounting and currently placed in growth phase witnessing fragmented market competition faced by advertising agencies. The market is well regulated and the consumers are well versed and updated with the ongoing trends. Taiwan has been considered as the link joining the developed countries of the west with the developing markets of the East. TV ads had held the top most channel rank in terms of reaching out to the consumer masses. Within Taiwan, television ads have been long associated with imprecise targeting. Advertisement firms and organizations have been trying to find a sustainable replacement of the TV medium. At the same time, the masses started to move from the unappealing and low-quality TV content to the digital platforms. It has been estimated that approximately 95% of Taiwanese used Facebook during the year 2018 which stands to prove the reach of the social media platforms in the country. Online activities have become one of the favorite past-time of the population. Online advertisement market in Taiwan was observed to showcase rapid year on year growth in terms of ad expenditure during the review period 2013-2018. The consistent double digit growth was majorly due to the fact that internet and digital advertising started outstripping the traditional medium of advertising in terms of better customer penetration ratio or customer conversion than traditional methods with an added advantage of better monetization and ad reach measurement tools. Hence, the market grew at a strong CAGR of close to 23% during 2013-2018.

Taiwan Online Advertisement Market Segmentation

By Medium (Desktop and Mobile): Desktop has a better screen size & resolution and facilitates easier viewing of the advertisements. The advertisements over a desktop were more impactful and displayed the information more accurately due to its size advantage. However, mobile medium was observed to dominate the space majorly due rising mobile penetration in the country along with a widespread presence of people over social media. Additionally, factors such as cost effectiveness and increasing conversion rates also propelled the mobile medium in preference.

By Type (Display, Video, Search, Buzz / Content and Others): Taiwanese population prefers to watch video ads over mobile devices in terms of advertising spend over the mobile medium during 2018. YouTube ads are currently the leading solution for all brands and marketers in Taiwan, given its non-intrusive in-stream system as well as the stable CPV performance. The marketers prefer to produce their own video with an essence of Taiwanese culture which increases the overall advertising budget and may prove to be a hindrance for the companies to choose this form of advertising. Display ads dominated the market followed by video, search, buzz / content and other ad types during 2018. In Taiwan all the platforms are majorly advertised over mobile owing to the ubiquitous use of the device. Taiwanese use mobile for every kind of task be it search, watching a video, social media, texting and others. Since mobile is more accessible as compared to laptops or desktops, it remains with the owner most of the times and this gives the advertisers advantage to reach their target customers faster as compared to desktop or laptop.

By Sectors (FMCG, Healthcare, Entertainment & Media, Finance & Financial Insurance, E-Commerce and Others): FMCG sector dominated the online advertisement space in Taiwan in terms of online advertisement expenditure. The E-commerce market has grown at a rapid pace over the past few years. People appreciate online entertainment and media on their phones/ desktops; hence this sector becomes a crucial aspect for the market. Healthcare is coming up with innovative medical services and devices which need to raise awareness among consumers. Other sectors such as banking and insurance and others captured the remaining market in 2018.

By Cost Model (CPM, CPC and CPA): CPM i.e. Cost per Mile segment dominated the Taiwan online advertisement market in terms of online advertising expenditure during the year 2018. Publishers prefer CPM model because of the low financial risk for them. Both CPC and CPA models collectively grabbed the remaining market share in 2018. The cost per click model is being preferred by small businesses/start-ups to understand the customer feedback in the market.

Comparative Landscape in Taiwan Online Advertisement Market: Competition within Taiwan online advertisement market was observed to be highly fragmented for advertising agencies with many start ups recently entering into the space. On the other hand, the market is highly concentrated within the hands of size players namely, Facebook, Google, Instagram, YouTube, Yahoo and Line constituting for more than 70% market share in 2018. These new companies are introducing innovative methods of capturing their target audience while the old firms are expanding their foothold into this space with the help of the existing data they possess. Some of the well known ad agencies in Taiwan are Growth Hackers, Gremlin Works, Fimmick, Carat and Lion and others. These companies are competing on parameters such as pricing of the services offered (average hourly rate), minimum project size and service portfolio. Whereas on the other hand, competition within online platforms was observed to be concentrated as it includes big players such as Google and YouTube, Facebook and Instagram.

Taiwan Online Advertisement Market Future Outlook and Projections: The Taiwan online advertisement market is estimated to grow at a positive double digit CAGR during the forecast period 2019-2023. Expenditure on online advertising by major companies is further expected to increase due to improvement in business environment and growing market for start-ups. The E-commerce market in Taiwan is also expected to rise thus, giving the companies another platform to reach out to their target customers. Apart from that, the government of Taiwan is also working towards improving the internet infrastructure and promoting mobile payments in the country which is further anticipated to give a boost to this market in Taiwan.

Key Segments Covered

By Type (On the Basis of Ad Spent)

Digital Advertising Market

Traditional Advertising Market

By Medium (On the Basis of Ad Spent)

Desktop Advertising

Mobile Advertising

By Type (On the Basis of Ad Spent)

Display Advertising

Video Advertising

Search  Advertising

Buzz / Content Advertising

Other Advertising (Mail Advertising, MMS and SMS)

By Type On the basis Of Platforms (On the Basis of Ad Spent)

Social Media Advertising

Facebook

Instagram

Others

Video Advertising

YouTube

Others

Search  Advertising

Google

Yahoo

Others

Further Segmentation by Medium (Desktop and Mobile, On the Basis of Ad Spent), 2013-2018

Social Media Advertising

Mobile

Desktop

Video Advertising

Mobile

Desktop

Search Advertising

Mobile

Desktop

Buzz / Content Advertising

Mobile

Desktop

Other Advertising (Mail Advertising, MMS and SMS)

Mobile

Desktop

By Sectors (On the Basis of Ad Spent)

FMCG

Healthcare

Entertainment & Media

Finance and Financial insurance

E-Commerce

Others (Retail, Fashion, Tele-Communications, Government, Real Estate, Government/NGO  and Others)

By Cost model (On the Basis of Ad Spent)

CPM

CPC

CPA

Key Target Audience

Advertising Agencies

Social Networking Platforms

End User Industries Investing in Online Advertising

Investors

Time Period Captured in the Report:

Historical Period – 2013-2018

Forecast Period – 2019-2023

Companies Covered in Taiwan Online Advertisement Market:

Major Ad Agencies

Growth Hackers

Gremlin Works

Fimmick

Asia Pac

J Walter Thompson

iProspect- Taiwan

Others (Dentsu Network, Web Gene, Lion& Lion Co.)

Major Online Platforms

Google and YouTube

Facebook

Instagram

Yahoo

Line

Key Topics Covered in the Report

Taiwan Online Advertising Market Introduction         

Stakeholders in Taiwan Online Advertisement Market           

Value Chain Analysis in Taiwan Online Advertising Market

Taiwan Online Advertising Market Size, 2013-2018     

Taiwan Online Advertising Market Segmentation, 2013-2018

SWOT Analysis of Taiwan Online Advertising Market           

Trends and Developments in Taiwan Online Advertising Market    

Issues and Challenges in Taiwan Online Advertising Market

Regulatory Framework in Taiwan Online Advertising Market

Customer Profiling in Taiwan Online Advertisement Market

Case Studies Covered in Taiwan Online Advertisement Market       

Comparative Landscape in Taiwan Online Advertisement Market

Taiwan Online Advertising Market Future Outlook and Projections, 2019-2023

Analyst Recommendations in Taiwan Online Advertisement Market

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

Taiwan Online Advertisement Market Research Report

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Changing Dynamics Of The Worldwide Mattress Market Outlook: Ken Research

Mattress Market: - Malaysia economy is one of the foremost manufacturers of natural rubber and latex, which has helped the mattress market growth in the region. The market in the country has evolved in the several folds in the terms of mattress developments, a total number of the mattress being promoted and market structure. The Smart Mattress Market Growth Forecast presented by the market which was helped by the several aspects likewise growing the number of hotels and increasing construction activities of both the residential and non-residential units along with the growing requirement for the premium quality mattresses, growth in the consumer expense on the household items.

The mattress market in Vietnam has demonstrated an effective growth at a handsome CAGR during the review period owing to the growth in the demand from the residential and commercial segments in the region have amplified the size of the mattress industry in the economy.

The competition within Malaysia mattress market is disjointed in nature with the attendance of numerous domestic and international manufacturers that purchase to both residential and non-residential consumers. The occurrence of the domestic manufacturers outnumbers the total international corporates. Sealy, Dunlopillo, Serta, Napur (part of LSK), Simmons, Slumberland, and many more are chief international mattress producers that have an existence in Malaysia. Many of the corporates have manufacturing conveniences in Malaysia however others have owned/partnered dissemination with the domestic manufacturing corporates as they support in delivering the distribution channel to these international brands in the Malaysian market.

Whereas, based on the distribution channel, the Foam Mattress Market Analysis is registered by the retail sales that dominate for about half of the revenue created at the retailer level. As residential buyers desire to physically scrutinize the mattresses before buying, they conspicuously prefer to visit retail stores, which is a foremost growth driver of sales through retail stores.

Direct sales are the second principally preferred source of the channel to buy mattresses, which is generally opted by institutional buyers followed by an online sales channel. Some of the foremost domestic mattresses producers operating in the Malaysian market are Goodnite International Sdn. Bhd., OCB Bhd., FACB Industries Incorporated, Lee SweeKiat Group Bhd., and others. Greatest of these manufacturers contend on the basis of price, the excellence of mattress and fresh product introduce that assist them in attaining more consumer base in Malaysia. Also, all the corporates cater to both residential and institutional purchasers through either by their own fashionable stores, direct, and online channels in the region.

Sideways, the Australia mattress market is frequently being accounted for by the spring mattress owing to a judicious price variety as well as comfort. The Luxury hotels and other premium guest houses opt for Foam and Single Bed Mattress introduced habitually in king size. Growth in the Tourism and augmenting attention towards the back problems and spine problems has led to an effective rinse in the sales of customized mattresses. Therefore, in the near years, it is anticipated that the entire market of mattress will augment across the globe more enormously over the coming year.

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Transformation Insights On Needle-Free Drug Delivery Systems Global Market Outlook: Ken Research

The spreading base of the diabetic patients and augmenting ease in the admittance to type 1 diabetes are likely to encourage the growth of the market during the review duration. Unadventurous, Type 1 diabetes patients demanding unvarying glucose observing use needles, which augments the perils of the infection and pain among the individual. Needle-free devices deliver the pain less delivery and contradict the peril of infection. As an effect, the requirement for such devices is estimated to augment during the review period. Not only has this, the effective increase in the requirement and technological advancements in the area of pain-free drug transportation and self-administration have been frolicking an instrumental role in fueling the market.

Increasing compression to limit the incidence rate of infectious diseases such as dengue fever, hepatitis, neurological disorders and AIDS instigated by West Nile virus during the transmission is expected to portend well for the growth of the market during the review duration. According to the report analysis, ‘Global Market Insights on Needle-Free Drug Delivery Systems: Insights and Forecast, 2018-2025: Emphasis on Product (Prefilled needle-free injection systems, Prefilled needle-free injection systems); Technology (Jet Injectors, Transdermal Drug Delivery Systems, Inhaler Technology); Application (Insulin Delivery, Vaccination, Pediatric Injections, Pain Management); Injection Mode (Powder injections, Liquid injections, Liquid injections); Source of Power (Spring Loaded Jet Injector, Gas Powered Jet Injector, Battery Powered Jet Injector) and Region’ states that in the Global Market Insights on Needle-Free Drug Delivery Systems, there are several potential corporates which presently functioning more actively for leading the fastest market growth and registering the handsome value of market share during the analyzed period more positively while increasing the prevalence of the Chronic and Lifestyles Diseases, increasing technological advancements in the devices, growth in the number of start-ups and investments, and increasing acceptance in the emerging regions of Asia-Pacific economy includes Antares Pharma, Inc., Consort Medical, Crossject Societe Anonyme, Injex Pharma, Medical International Technology, Zosano Pharma, Valeritas, 3M, PharmaJet and several others.

In terms of revenue, the needle free drug delivery device in has accounted an outstanding growth with positive CAGR during the analyzed period. The needle free drug delivery device market has effectively observed an overall increase in the needle free penetration as well as needle free drug delivery devices implementation in last few years. The effective growth in the number of chronic diseases incidence, inclination towards self-administration of drugs, increasing technological advancements in the devices has propelled the growth prospects of the market. In addition, increasing requirement for the needle free drug delivery device system and rigorous government regulations undertaken has also substantially catalyzed the growth potential of the respective market.

Additionally, based on the country, North America controlled the foremost share due to the high consciousness regarding advantages of the needle-free drug delivery devices, attendance of developing healthcare facilities, and R&D expenditure by government. However, the Asia-Pacific region is estimated to observe the highest growth during the analyzed period. Therefore, in the near years, it is estimated that the global market insights on needle-free drug delivery systems will increase around the globe more positively over the decades.

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

Global Needle Free Drug Delivery Systems Market

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Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
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Rise in Consumption in Perfume & Fragrance Production Expected to Drive World Acetophenone Market over the Forecast Period: Ken Research

Acetophenone is an organic compound with C6H5C(O)CH3 formula. Acetophenone is the simplest form of sweet-smelling ketone. It is obtained by different methods such as reaction of ethyl benzene with oxygen and others. It is identified in vehicle exhaust and combustion of fuel & coal. It is a thick colorless liquid at temperatures higher than room temperature & a solid at lower temperatures. It naturally occurs in cauliflower, apple, apricot, banana, cheese, and beef.  It is highly soluble in water. It is also soluble in glycerol, ether, alcohol, fatty oils and chloroform. It is used as an intermediate for plastic, pharmaceutical, and resin production. It is a fragrance & flavor additive in tobacco, nonalcoholic beverages, and some foods. Some of the essential properties include colorless, optimum viscosity, and pungent fragrance etc.

According to study, “World Acetophenone Market Research Report 2024(Covering USA, Europe, China, Japan, SEA and India)” the key companies operating in the world acetophenone market are Eni, Solvay, INEOS Phenol, A.B. Enterprises, Alpha Aesar, Novapex, Haicheng Liqi Carbon Co., Ltd., RUTGERS Group, SI Group, CellMark USA LLC, Zhongliang, Mitsui Chemicals, Shenze Xinze Chemical, Triveni Interchem, Jiangsu Yalong Chemical, Tanfac, Xing Li Gong Mao, Rhodia, Yingyang, Haiwang Fine Chemical, Liaoning Yingfa. The key companies are competing among themselves by offering better products and acceptable services to the clients and expand significantly at the global level.

Based on product type, acetophenone market is segmented into oxidation of cumene and oxidation of ethylbenzene. Additionally, based on appliation market is segmented into laboratory reagent, fragrance, chewing gums, resins and pharmaceutical. Fragrance production widely include extraction from jasmine, strawberry, cherry, almond, and honey to resemble the respective aroma which is used in creams, soaps, lotions, and detergents to enhance scents. Resins are broadly used in adhesives, inks, and coatings. In addition, pharmaceutical applications include pyrrobutamine, dextropropoxyphene, trihexyphenidyl, pridinol, cycrimine, biperiden, procyclidine, benmoxin, mesuximide, and acifra.

The acetophenone market is driven by increase in product consumption in organic synthesis & polymerization of olefins, followed by huge investment in research & development (R&D), growth in demand for textile coating & flavoring agents, rise in technological advancement in production process, increase in catalyst uses in polymerization process, rapid industrialization along with increase in manufacturing facilities & capacity expansions, rise in disposable income and increase in urbanization. However, transient eye injury and increase in side effects for instance skin irritation may impact the market.

Based on geography, India and China holds major share in acetophenone market owing to increase in demand for high end & luxury products because of surge in disposable income and living standard. Europe and USA are expected to witness higher growth due to increase in presence of key fragrance & perfume manufacturers, increase in consumption in cigarettes & tobacco or chewing gums and expansion in the cosmetic industry over the forecast period. The market size is predictable to register a notable growth in the forecast period on account of rise in consumption in perfume & fragrance production.

For more information, click on the link below:

World Acetophenone Market

Contact Us:    

Ken Research                                   

Ankur Gupta, Head Marketing & Communications

sales@kenresearch.com

+91 9015378249