Global Market Research Reports : Ken Research

Wednesday, November 6, 2019

Global PEEK Market Demand is Driven by Increase in Competition, Rising Environmental Consciousness in Aerospace and Automotive Industry and Technological Development in Electronics and Medical Industry: Ken Research

“The demand of PEEK is expected to be driven by introduction of electric vehicles, increase in use of automated vehicles, development in 3D printing technology, regulation regarding CO2 emission and increase in standard of living”.

Increasing Global PEEK Production Capacity: The top 3 producers of PEEK have increased their production capacity in 2014-2016. In 2014, Victrex introduced a new production plant which increased the company’s production capacity to 7,150 tons per annum. In 2015, Evonik increased its PEEK production capacity by 25.0%. In 2016, Solvay increased its PEEK production capacity to more than 2,500 tons per annum by expanding production in its existing plant.

Increasing Environmental Consciousness: Increasing awareness regarding minimization of CO2 emissions has driven the producers in aerospace and automotive industry to use light weight, fuel efficient materials like PEEK. Increase in fuel efficiency leads to reduction in fuel cost which generally accounts for 35% of the total cost to the aerospace companies. For instance, according to an industry report, replacing 100 meters of metal tubing per plane by PEEK tubes can lead to savings of up to USD 1.6 million in fuel costs and 5,500 tons of CO2 emissions per year.

Technological Developments: PEEK is a material chosen by producers to develop innovative goods with state of art technology. For instance, PEEK is used by Dyson to produce impellers for vacuum cleaners to make the machine sound proof and to increase the air flow. PEEK in the mobile industry has lead to development of thinner, lighter and smarter devices. PEEK in acoustic film application in mobile phones has helped developers to get better sound quality in small space. PEEK is also used in electromechanical components of mobile phones as it provides better antenna signals to phones with metal backs and it enables production of sleek new designs with thin-wall components that can replace or integrate with metals for streamlined manufacturing.

Key Segments Covered:-

By Type

Glass Filled

Unfilled

Carbon Filled

By Application

Oil & Gas

Compressor Components (Valve Plates and Valve Rings, Motor End Plates, and Piston Rings, Rider Bands, and Rod Packing)

Backup Seals and Backup Rings

Under the Sea Electrical Applications (Connector Pins, Wire Coatings, Housing and others)

Pipes Application (Pipe precursor, Pipe Laminate and Pipe Connectors)

HPLC Units (High Performance Liquid Chromatography Units includes Tubing and Fittings)

Others (Umbilical, Pump Housing, Wellhead Seals And Connectors, Wire Bundle Clamps, Gas Separation Gears, Impellers, Industrial Hoses, Jumpers, Magnet Wire, Tags, Sensors Slick Line Components, Slot Liners, Thrust Washers, Tubular and others)

Electronics & Electrical

Semiconductor Wafer Production and Testing Units (Wafer Carriers, Wafer Handler Arm, Wafer Polishing Rings, Testing Sockets and Other Components)

Speakers Components (Spiders, Acoustic Diaphragms, Coils, and Front Suspensions)

Impellers in Vacuum Cleaner and Hairdryers

Compressor in Refrigerators and AC

Acoustic Membrane and Electromechanical Components in Mobile Phones

Others (Printer components including heat roller gears, guide claws and bushings, sensors, Three-dimensional circuit carriers in LED, xenon HID lights, Motor end caps, ECU housings, Bobbins and solenoids, Connectors, Circuit protection/relays, Actuator housings, Li-Ion battery systems, Fuse boxe and others)

Aerospace & Defense

Brackets, Clamps, Stand-offs & Fasteners

Interior Hardware (Floor supporting structure, Passenger Service Units including screen dragging unit, oxygen components, inside seat arm handle and others)

Thermal & Acoustic Aircraft Insulation Blankets

Tubing

Others (Wire Harness and Connectors, Drink Dispensers, Doors and Windows, Coatings and others)

Automotive

Seals, Thrust Washers, Bushings And Bearing Cages

Braking System

Gears

PEEK Composites and Others (Under-The-Hood Piston Units, Housing, Enclosures, Air-Conditioning Systems and others)

Medical

Spinal Implant

Dental Implant

Others (Ortho And Trauma Application Including Knee Implants, Hip Implants, Shoulder Arthroscopy, Implant Screws, Bone Plates And Others, Instrument In Labels, Delivery Instruments such as Syringes, Handles On Dental Syringes, Sterile Boxes to Hold Root Canal Files, Endoscopes, Dialyzers and others)

Others (Food Processing, Consumer goods, Packaging, Building and construction and others)

By Region:-

Europe

North America

Asia-Pacific

South America

MEA

Countries Covered:-

Germany

France

Italy

Canada

China and Taiwan

Japan

South Korea

India

Brazil

Saudi Arabia

Key Target Audience:-

PEEK Producers

PEEK Semi-Finished and Compound Producers

Producers of Other Engineering Material

Time Period Captured in the Report:-

Historical Period – 2013-2018

Forecast Period – 2019-2025

Companies Covered in Global PEEK Market:-

PEEK Producers

Victrex

Solvay

Evonik

Jilin Zhongyan High Performance Plastic

Panjin Zhongrun High Performance Polymer

PEEK Compounds or Semi Finished Good Producers

Saudi Basic Industries Corporation (SABIC)

Ensinger

Mitsubishi Chemical Advanced Materials (MCAM)

Rochling Group

Celanese

LATI Thermoplastic Industries

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

Global PEEK Market

Related Reports:-

India Coupling Agents & Compatibilizers Market Outlook to 2023 - By Application (Packaging & Plastics Industry, Automotives Industry, Adhesives & Sealants and Paints & Coatings, Rubber Industry, Energy Sector and Others) and by Coupling Agents (Maleic Anhydride Grafted Polymers, Silane Coupling Agents and Others)

India Polymer Additives Market by Type (Stabilizers, Plasticizers, Antioxidants, Flame Retardants and Modifiers), by Application (PVC, Polyolefin and Other) - Outlook to 2022

Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

Rise in Demand from Automotive Sectors Expected to Drive World Vehicle Retarder Market over the Forecast Period: Ken Research

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Vehicle retarder is a device, used to increase or replace some of the functions of primary friction-based braking systems. It is composed of stator and rotor parts, which produce magnetic field and resistance torque through cutting magnetic lines using rotating of the rotor. It is especially useful in controlling heavy and difficult to control vehicles. By using retarder, it is possible to surge the life of brake lining 3 to 5 times, thus reducing overall costs of the braking system.

The key characteristics are reduces the efforts of brakes, slows down wearing of braking system and helps in controlling the vehicle effectively.

According to study, “World Vehicle Retarder Market Research Report 2024(Covering USA, EU, China, South East Asia, Japan and etc)” the key companies operating in the world vehicle retarder market are Frenelsa, Scania AB, Voith GmbH & Co. KGaA, Klam, Telma S.A., Russ Equipment Pty Ltd., Shaanxi Fast Auto Drive Co., Ltd, Jacobs Vehicle Systems, Inc., Terca, TBK Co. Ltd., CAMA (Luoyang) Electromechanic Co Ltd., Yaohua Corp., SORL Auto Parts, Inc., Frenos Electricos Unidos, S.A., Hongquan, ZF Friedrichshafen AG. The key companies are taking various initiatives & product innovations to strengthen their presence in the market.

Based on product type, vehicle retarder market is segmented into hydraulic retarder, electric retarder and engine brake. Hydraulic retarder segment uses viscous drag forces between static and dynamic vanes in a fluid-filled chamber to achieve retardation while electric retarder uses electromagnetic induction to offer a retardation force. Additionally, engine brake segment is further sub-segmented into exhaust brake and diesel-powered vehicles. Based on installation type, market is segmented into inline installation and offline installation. Inline installation is an own oil supply system, attached to the transmission and perfectly suitable for retrofit. Based on vehicle type, market is segmented into heavy duty vehicles and others. Based on sales channel, market is segmented into original equipment manufacturers (OEMs) and aftermarket. In addition, based on gross vehicle weight rating, market is segmented into 18-55 MT, 55-100 MT and >100 MT.

The vehicle retarder market is driven by rise in demands from the automotive industry, followed by growth in trend of the transportation industry, increase in emphasis on vehicle safety solutions, growth in e-commerce sector, increase in technological advancements, rise in governments & international organizations, increase in government initiatives, overall cost reduction and increase in adoption of multistage modulating transmission retarders. However, overheating during retardation and high energy consumption may impact the market. Moreover, introduction of self-charging type electromagnetic retarders is a key trend for market.

Based on geography, China and India countries hold major share in vehicle retarder market owing to growth in automotive sectors, rise in number of accidents and increase in population & rapid urbanization in the countries. USA country is expected to witness higher growth rate due to presence of large manufacturers and growth in innovative technologies over the forecast period. It is estimated that future of the market will be bright on account of rise in adoption of multistage modulating transmission retarders during the forecast period. The worldwide market is expected to grow at a CAGR of approximately 8.0% over the next five years, will reach US $2290 million in 2024, from US $1450 million in 2019.

For more information, click on the link below:

Global Vehicle Retarder Market

Contact Us:

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91 9015378249

Global PEEK Market Outlook to 2025: Ken Research

The report titled “Global PEEK Market Outlook to 2025- By Type (Glass Filled, Unfilled and Carbon Filled), By Application (Oil & Gas, Electronics & Electrical, Aerospace & Defense, Automotive, Medical and Others) and By Region (Europe, Asia-Pacific, North America, South America and MEA)” provides in-depth analysis of the Global PEEK industry. The report covers various aspects including market overview and genesis, value chain analysis, market size by revenue and by sales volume, overall PEEK market segmentation by type, by application and by region. It also covers country snapshots for 12 countries (Germany, Italy, France, UK, US, Canada, China and Taiwan, Japan, South Korea, India, Brazil and Saudi Arabia) including the market segmentation by application in each country. It also provides comprehensive information on trends and developments, issues and challenges in the PEEK market along with the regulatory framework of the industry, SWOT and Porter’s Five Force Analysis. A detailed competitive landscape including competitive scenario, cross comparison matrix, strength and weakness for major players, market share on the basis of sales volume and production capacity for top five players and company profiles are also included in the report. The report concludes with the future projections for the above mentioned market segments and analyst recommendations that involves key strategies for the existing players to ensure their profitability for the coming years and suggestions for potential entrants highlighting the major opportunities and cautions.

Global PEEK Market Overview and Size

Technological developments and increase in environmental awareness have necessitated the application of PEEK in different industries including oil & gas, electronics & electrical, aerospace, automotive and medical. For a long time, the Global PEEK industry has observed sluggish growth in demand. But in the past couple of years, demand of PEEK is growing at a rapid pace as a result of which the global PEEK production capacity has increased. The industry is booming with expanding sales volume owing to fluctuating oil prices, increase in availability of cheaper PEEK grades and increase in environmental regulation related to CO2 emission.

Global PEEK Market Segmentation

By Type (Glass Filled, Unfilled and Carbon Filled): Glass filled grades of PEEK grabbed the highest share followed by unfilled and carbon filled grades in terms of both revenue and sales volume during the year 2018. Lower cost, better physical properties and increase in application in oil & gas and electronics & electrical industry are the key factors attributing to rapid growth in glass filled segment. With emerging applications of PEEK in medical, aerospace and food processing industry the unfilled segment is expected to grow at the fastest pace by 2025.

By Application (Oil & Gas, Electronics & Electrical, Aerospace & Defense, Automotive, Medical and others): Oil & Gas industry had a highest share followed by electronics & electrical, aerospace & defense, automotive, medical and others in terms of both revenue and sales volume during the year 2018. Fluctuating oil prices, growth in semiconductor industry, increase in air traffic and increase in environmental awareness are few of the factors driving the growth in the top 3 segments. By 2025, automotive segment is expected to grow at fastest pace in terms of sales volume. Increase in demand of electric vehicles and vehicles with automated transmission system will drive the growth in the segment.

By Region (Europe, Asia-Pacific, North America, South America and MEA): Europe is the biggest market for PEEK followed by Asia-Pacific, North America, South America and MEA in terms of sales volume during the year 2018. In terms of revenue the market is lead by Europe followed by North America, Asia-Pacific, South America and MEA during the year 2018. Booming aerospace & defense and automotive industry drive the growth in PEEK market in Europe. The PEEK market in Asia-Pacific is driven by increase in demand from electronics and semiconductor industry in the region. Surge in demand of medical grade PEEK which is the most expensive grade has driven the growth in North America in terms of revenue.

Competitive Landscape in Global PEEK Market

The market has been observed to be at the growth stage, with the competition been highly concentrated owing to the presence of only five major players including Victrex, Solvay, Evonik, Jilin Zhongyan High Performance Plastic and Panjin Zhongrun High Performance Polymer with a collective market share of around 97-98% in terms of sales volume in 2018. The competition between the companies is increasing over the years as the patents of the market leader Victrex have expired and the market is opening up for the other players. It was also observed that the companies are increasing their production capacity which is an indication of increasing competition.

Global PEEK Market Future Outlook and Projection

Global PEEK market is expected to expand significantly in terms of both sales volume and revenue by the year ending 2025. This is owing to multitude of factors namely increase in competition, introduction of electric vehicles, increase in use of automated vehicles, development in 3D printing technology and technological upgradation in different manufacturing processes. Growth in environmental awareness and adoption of regulation regarding CO2 emission will continue to be the major factor driving the growth in the industry.

Key Segments Covered:-

By Type

Glass Filled

Unfilled

Carbon Filled

By Application

Oil & Gas

Compressor Components (Valve Plates and Valve Rings, Motor End Plates, and Piston Rings, Rider Bands, and Rod Packing)

Backup Seals and Backup Rings

Under the Sea Electrical Applications (Connector Pins, Wire Coatings, Housing and others)

Pipes Application (Pipe precursor, Pipe Laminate and Pipe Connectors)

HPLC Units (High Performance Liquid Chromatography Units includes Tubing and Fittings)

Electronics & Electrical

Semiconductor Wafer Production and Testing Units (Wafer Carriers, Wafer Handler Arm, Wafer Polishing Rings, Testing Sockets and Other Components)

Speakers Components (Spiders, Acoustic Diaphragms, Coils, and Front Suspensions)

Impellers in Vacuum Cleaner and Hairdryers

Compressor in Refrigerators and AC

Acoustic Membrane and Electromechanical Components in Mobile Phones

Aerospace & Defense

Brackets, Clamps, Stand-offs & Fasteners

Interior Hardware (Floor supporting structure, Passenger Service Units including screen dragging unit, oxygen components, inside seat arm handle and others)

Thermal & Acoustic Aircraft Insulation Blankets

Tubing

Others (Wire Harness and Connectors, Drink Dispensers, Doors and Windows, Coatings and others)

Automotive

Seals, Thrust Washers, Bushings And Bearing Cages

Braking System

Gears

PEEK Composites and Others (Under-The-Hood Piston Units, Housing, Enclosures, Air-Conditioning Systems and others)

Medical

Spinal Implant

Dental Implant

Others (Food Processing, Consumer goods, Packaging, Building and construction and others)

By Region:-

Europe

North America

Asia-Pacific

South America

MEA

Countries Covered:-

Germany

France

Italy

Canada

China and Taiwan

Japan

South Korea

India

Brazil

Saudi Arabia

Key Target Audience:-

PEEK Producers

PEEK Semi-Finished and Compound Producers

Producers of Other Engineering Material

Time Period Captured in the Report:-

Historical Period – 2013-2018

Forecast Period – 2019-2025

Companies Covered in Global PEEK Market:-

PEEK Producers

Victrex

Solvay

Evonik

Jilin Zhongyan High Performance Plastic

Panjin Zhongrun High Performance Polymer

PEEK Compounds or Semi Finished Good Producers

Saudi Basic Industries Corporation (SABIC)

Ensinger

Mitsubishi Chemical Advanced Materials (MCAM)

Rochling Group

Celanese

LATI Thermoplastic Industries

Key Topics Covered in the Report:-

Market Overview and Genesis

Value Chain Analysis

Market Size, 2013 and 2018

Global PEEK Market Segmentations, 2013, 2018-2025F

Country Profiles

Global PEEK Market Trends and Recent Developments

Global PEEK Market Issues and Challenges

Government Regulations in Global PEEK Market

Porter’s Five Force Analysis of Global PEEK Market

SWOT Analysis of Global PEEK Market

Competitive Landscape in Global PEEK Market

Competitive Landscape in Global PEEK Compounding and Semi Finished Goods Market

Future Market Size, 2018-2025F

Analyst Recommendations

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

Global PEEK Market

Related Reports:-

India Polymer Additives Market by Type (Stabilizers, Plasticizers, Antioxidants, Flame Retardants and Modifiers), by Application (PVC, Polyolefin and Other) - Outlook to 2022

Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

Developed Trends in the Global Graphitic Carbon Foam Market Outlook: Ken Research

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The graphitic carbon foam has an exceedingly-oriented, lower density graphite foam structure. This aligned graphite structure has progressively great thermal conductivity with the maximum conductivity in the course of the foam height or chunkiness. Not only has this, the graphitic carbon foam has presented great strength, great electrical conductivity and lower coefficient of the thermal development. The effective growth in the industrial benefits is one principally responsible for the growth in the requirement for carbon materials and this is projected to increase the need for the graphitic carbon foam market over the review duration more significantly.

According to the report analysis, ‘Global Graphitic Carbon Foam Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024’ states that in the global graphitic carbon foam market, there are numerous key players which recently functioning more enormously for leading the fastest market growth and registering the widespread value of market share across the globe throughout the short span of time while developing the production technologies, introducing new and profitable strategies and policies of function, employing the new and skilled workers and developing the industrial segments includes Poco, Koppers, CFOAM and several others.

Furthermore, the giant players in the global graphitic carbon foam market are effectively accepting the expansion strategies such as joint ventures, partnerships and mergers and acquisitions which further proved to be benefitted for increasing the value of market share, generating the high value of revenue and running the business across the globe.

In the consumption market, the global sales value effectively augments with the 8.99% average growth rate. USA is the predominantly consumption economies owing to the superior requirement of the downstream applications. In 2015, USA employed 92.66% of the global consumption value.

With the lower density and well thermal conductivity of graphitic carbon foam, the downstream submission industries will require supplementary graphitic carbon foam products. So, the graphitic carbon foam has a gigantic market prospective in the future. Manufacturers promised in the industry are wearisome to introduce the great purity and good enactment graphitic carbon foam through enlightening technology.

The foremost raw materials for the graphitic carbon foam are coal and asphalt, and several others. Fluctuations in the amount of the upstream product will impression on the establishment cost of graphitic carbon foam, and then sway the cost of the graphitic carbon foam. The technology amount of graphitic carbon foam is also an imperative aspect which could impact the amount of graphitic carbon foam. The graphitic carbon foam producers are trying to deduct the production price by improving production techniques.

We have a tendency to believe this industry is an effective growing industry, and the consumption growing degree will present a smooth growth curve. And the cost demonstrate decreasing trend according to the economy improvement status and international competition. Also, there will be deducting the trend in gross margin.

The global market for Graphitic Carbon Foam is projected to increase at a CAGR of roughly 5.9% over the next five years, will reach 33 million USD in 2024, from 23 million USD in 2019. Therefore, in the coming years, it is anticipated that the market of graphitic carbon foam will increase more significantly over the near years.

To know more, click on the link below:-

Global Graphitic Carbon Foam Market

Ken Research

Ankur Gupta, Head Marketing & Communications

ankur@kenresearch.com

+91-9015378249

Landscape Of The Global Smart Manufacturing Market Outlook: Ken Research

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The history of the smart manufacturing market across the globe was not so developed and innovative but in the recent trend, this market has to lead the effective growth and become profitable, innovative and advanced along with the wide advancement in the technologies. Not only has this, but the merchants that are part of the smart manufacturing market’s business dynamics are also displaying the cut-throat competition with each other. The policies and techniques utilized by leading merchants are augmented effectively aim at geographical expansion, strategic collaborations, and growing their production abilities in the industry.

It is anticipated that the smart manufacturing market to enlarge at a compound annual growth rate of 15.75% during the review duration. The requirement for the data-driven decision making, intense cost competition, and streamlining of producing procedures for greater productivity is the foremost influencing force of this market. According to the search, it is stated that in the global smart manufacturing market there are organized and unorganized players which recently functioning more significantly for leading the fastest market growth and registering the high value of market share across the globe in the coming years while developing the technologies of function, advancing the strategies and policies of working, implementing the method of enlarging the business premises and employing the skilled workers includes KUKA, ABB Ltd, Cisco Systems, Inc., IBM Security, The Raytheon Company, Stratasys, Ltd., The Emerson Electric Co., Alpine Data Labs, SAP SE, Maersk and several others.

Not only has this, but the effective growth in the need for knowledge-based manufacturing and linked supply chains, which are prepared with the advanced control, modeling, sensing and simulation abilities are also influencing the growth of smart manufacturing. Moreover, the large players in the global smart manufacturing are proficiently predicting the growth drivers, growth-restricted factors and increasing the applications of the technologies which further benefitted for generating a high amount of revenue and leading the fastest market growth throughout the short span of time.

Based on the region, the global market of smart manufacturing is sectored across the globe and majorly in the developed regions such as the Asia Pacific region, North America, Europe, South Africa and Rest of the World. However, the region of North America is anticipated to dominate the foremost value of market share during the short span of time owing to the advanced technologies in the infrastructure and abundant of skilled workers. Additionally, the advancements in digital technologies namely machine learning, machine vision, and motion control, have controlled the sophisticated adoption of industrial automation in numerous sectors, with bigger prominence in the automotive segment. The industrial automation sector employed the principal market share (49%) across the globe, in 2017, followed by the Industrial Internet of Things (IIoT) (33%). A concentrated effort by the industrial segments and technology firms have occasioned in innovative solutions to furnish to IIoT. The smart factories have also presented the steady growth, brought related by 3D printing and distributed manufacturing control systems.

Nonetheless, North America is leading the modernization in the smart manufacturing market and proficiently employed approximately 27% of the global market in 2017. The enormous investments in smart manufacturing technologies, tax subsidies for manufacturers, and innovations in robotics have propelled the growth of the smart manufacturing market in the economy. The Asia-Pacific region, positively undergoing high industrialization, occupied a 25% share in 2017. For instance, Latin America and the Middle East and Africa markets though, still at promising stages, are undergoing decent growth.

Therefore, in the coming years, it is anticipated that the market of smart manufacturing will increase around the globe more significantly over the coming decades.

Companies covered:-

KUKA

ABB Ltd

Cisco Systems, Inc.

IBM Security

The Raytheon Company

Stratasys, Ltd.

The Emerson Electric Co

Alpine Data Labs

SAP SE

Maersk

To Know More, Click On The Link Below:-

Global Smart Manufacturing Market Report

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

Insights of the Asia Pacific Seed Market Outlook: Ken Research

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Across the Asia Pacific region, the agriculture segment of Indonesia has monitored an augmented need for huge types of seeds overtime. Enormous and plentiful fertile soil has completed Indonesia being measured amongst the foremost agricultural region in the globe. An augmented aim of producing hybrid seeds by the domestic and worldwide players in the space has effectively boom up the market revenues over the active past. Increasing requirement for staple food crops involving rice and corn has occasioned in increased revenues from the Seeds in the Market.

However, the seed market in Australia has seen the modest growth during the recent past. The inclusive market trend for seed industry has been unpredictable owing to the changeable requirement over the years. The entire introduction of grain crops has augmented over the years which have suggested the seed market in the region. Wheat, barley, canola, pulses, sorghum, oats, and several others are the foremost crops introduced in the region. The largely area disseminated for wheat has progressively augmented over the past two decades. The revenue created by the other grain crops also has grown substantially. The overall introduction of the oilseeds has also effectively increased. The cumulative growth in the production of these crops has completely exaggerated the seed market in the region.

By the type of seed, in the terms of revenue, the Australia seed market is registered by open fertilized seed which accounted effective percentage of the total revenue of the seed market in Australia in 2017. The hybrid seeds registered for foremost percentage and genetically modified seed registered for enormous percentage of the total revenue of the seed market in the Australia. The depletion of hereditarily modified canola seeds in Western Australia is great and the government’s suggest has led to the substantial growth of the GM seeds market in Australia.

The resourcefulness of the government to create the Indonesia a self-sufficient corn region led to the effective grown capacities of the corn seeds being sold, thus generating this sector attain a dominant place in the market revenues during the recent past. For instance, the Indonesia is the prevalent palm oil introducer across the world and the enlargement in oil palm plantation location in the region has generated the growth of revenues from the sales of homestead crop seed during the recent past.

Across the Indonesia region, the seed market is extraordinary competitive owing to the great number of domestic and worldwide players proposing an inclusive assortment of seeds in the space. The market is registered by the unorganized players catering to the requirements of the farmers to meet the increasing requirement for several food crops in the region. However, the organized domestic and worldwide seed market players functioning in Indonesia have a registering share in the sales of vegetable seeds. Seed corporates are challenging based on the price of seeds, the type of seeds suggested, distribution connection and reach of the market players, and unremitting research and development for production of the new seeds in the region.

Furthermore, the export of the wheat to Asian and Middle Eastern region will be a foremost growth driver for the seed industry. There has been wide requirement for canola and wheat seed in the recent past, the requirement is likely to increase in the coming years. Therefore, in the coming years, it is anticipated that the market of seed across the Asia Pacific region will increase more enormously over the near years.

For more information, click on the link below:

Asia Pacific Seed Market

Contact Us:

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91 9015378249