Wednesday, April 1, 2020

Global Soda Ash Industry Research Report: Ken Research

Global Soda Ash Industry
Soda Ash being among the top 5 major inorganic chemicals is defined as commercially manufactured anhydrous sodium carbonate having total global consumption volume of ~ MT in ‘18 & industry revenue estimation of USD ~ Bn.  There are majorly two grades of Soda Ash, Light, and Dense that are manufactured by either Natural or Synthetic Production process (Solvay and HOU). Price of Soda Ash Dense per Metric Ton is $~ - $~ higher than per Metric Tonne Price of Light Soda Ash. Preference of the production process has been shifting from Synthetic to Natural, yet ~ % of the soda ash is manufactured through synthetic.
Consumption Trends Influencing Soda Ash Industry
The global demand growth of Soda Ash creates an incremental requirement of ~ MT/year. Internationally soda ash is transported by sea & in bulk as land transportation costs are very high. ~% increase in shipping cost is expected as more countries adopt shipping emissions controls driving future price expectations.
Global Soda Ash Market
Regional Trends shaping consumption
Manufacturing capacity is highly concentrated with China & US controlling ~ of total capacity. China exports ~ % of the total global supply volume of soda ash while it holds ~ % of the global production capacity. Significant reduction in supplies after environmental emissions norms became effective in ~ & China. These environmental norms paved the way for Asian Economies to increase production.
Global Soda Ash Production Capacity
~% of Soda Ash produced is traded globally through vessels creating the need for new production plants in top importing countries such as ~, ~, ~, etc. China holds ~% of manufacturing capacity, highest among all, being mostly done through synthetic methods. RoW expected to grow faster with APAC, ~ & ~ being major growth drivers.
Trading of Soda Ash in Indonesia
Soda Ash imports exceeded exports by USD~ Mn in 2018 with Average import Price of USD ~ per ton of Soda Ash. USA & China contributed to ~% of both total import value & the volume of soda ash in Indonesia.
Trading of Raw Materials of Soda Ash
Cost of Trona & prices of Salt has maintained stability since 2015 due to defined ownership rights of mining beds for producers & due to abundant supply of salt.
Trading of Salt:
Indonesia is primarily a salt Importer with the number of imports growing at a CAGR (‘14-’18) of ~% Persistence Preference towards imports due to the major price difference in import (USD ~ in ‘18) and domestic production (USD ~ in ‘18) of salt. Indonesia can produce a maximum of ~ MT of salt/year while consumption is evaluated at ~ MT, most of it for industrial purposes.
Global End-User Segmentation
With more than ~% share in end users, growth anticipated in Soap and Detergents industry from USD ~bn in 2019 to USD ~bn by 2023 with new detergents and dishwashing solutions
APAC is the biggest laundry detergent in the market in the world, while the North American market was valued at USD ~ bn in ’19. Detergents with ~% share dominated the Global Fabric Care Market in ’18.
End-User Industry Landscape in Indonesia
Glass industry players currently produce ~ tons/day — ~ tons/day depending on the demand. The demand of the glass industry reached ~ Mn Ton in 2018 with per capita consumption of ~ kg/yr against ASEAN avg. of ~kg - ~kg. Fabric Softeners market in Indonesia reached USD ~mn (’19) with a CAGR of ~% during 2014-19. Indonesia Industrial Water and Waste Water Treatment Market are Expected to Reach USD ~ bn by 2022.
Key Target Audience: -
Soda Ash Manufacturers
Soda Ash Distributors
Chemicals Industry
Glass Industry
Soaps and Detergents Industry
Industry Associations
Government Associations
Government Agencies
Private Equity and Venture Capitalist Firms
Time Period Captured in the Report:
Historical Period: 2012 – 2019(P)
Forecast Period: 2019 – 2024F
Companies Covered:
Manufacturers
Solvay
Nirma
Ciner
TATA Chemicals
Genesisalkali
CIECH Group
Distributors
ANSAC
PT Lautan Luas
PT AKR Corporindo
Key Topics Covered in the Report: -
Soda Ash Factory Indonesia
Global Soda Ash Market Research Report
Global Soda Ash Market
Global Soda Ash Industry
Asia Soda Ash Market
Soda Ash Indonesia
Household Cleaners Global Market Size
Indonesia Glass Industry Revenue
Growth Rate of Indonesia Glass Industry
Global Players Soda Ash Market
Global Soda Ash Consumption Market
Global Glass Market Industry
Soap & Detergent Global Revenues
Household Cleaners Global Market Size
Indonesia Glass Industry Revenue
Growth Rate of Indonesia Glass Industry
Soda Ash Manufacturing Indonesia
Global Natural Soda Ash Consumption Market
Synthetic Soda Ash Consumption Market
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Ankur Gupta, Head Marketing & Communications
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India Digital Freight Brokerage Market Outlook to 2025: Ken Research


The report titled “India Digital Freight Brokerage Market Outlook to 2025 – Marquee Investors Funding in the Space and Revenue Alternative on Return Trips to Support Market Growth” provides a comprehensive analysis on the status of truck aggregators in India. The report covers various aspects including the current road logistics scenario, pain points in India road logistics market, digital freight brokerage market size & market segmentations, demand analysis for truck aggregators, supply ecosystem for truck aggregators, challenges faced by digital freight brokerage companies, role of government in India digital freight brokerage market, trends & developments, funding wave in India digital freight brokerage market, competitive landscape and interview with  Founders of Porter, Truck Suvidha & Let’s Transport. The report concludes with market projections for future of the industry including forecasted industry size by revenue with recommended market penetration strategies for a new entrant.


India Digital Freight Brokerage Market Overview and Size
India Digital Freight Brokerage market has witnessed a phenomenal double digit CAGR growth during FY’2016- FY’2020P due to the rise in internet penetration in India, shift towards digitalization of trucking industry due to enhanced efficiency & better truck utilization. Also, support from government, rise in road infrastructure projects, rise in sales of trucks, rise in road freight market of India stimulated the growth in the market.

India Digital Freight Brokerage Market Segmentation
By Confinement (Intercity & Intracity): Market is dominated by intercity movements in FY’2020P since most of the industries prefer intercity movements due to their distribution need across the country.

By Carrier Options (FTL, PTL & LTL): FTL dominated the market due to better efficiency and truck utilization provided by it and also most of the enterprises have full truck load requirements. LTL is the least preferred category due to less efficiency provided by it and costing more to the shippers.

By Type of Operating Model (Spot Based, Loadboard, Contract Based): Contract Based contributes the largest revenue share among these operating models in FY’2020P, since it is preferred by most of the large enterprises due to their regular logistics need.

By Type of Revenue Model (Commission Based & Subscription Based): Commission Based is the most preferred revenue model in FY’2020P since it is dependent on the logistics requirements of shippers, providing revenue with each booking.

By Type of End Users (B2B & B2C): In FY’2020P, B2B dominates the market on the basis of type of end users since they have high logistics requirements.

Intercity By End Users: FMCG industry leads in terms of number of bookings made in intercity movements in FY’2020 since they have high volume distribution needs across the country.

Intracity By End Users: Logistics is dominating the intracity market with high number of bookings since many logistics companies avail online truck aggregators’ services due to not being able to cater their services.

Intracity By Type of Trucks: On the basis of number of bookings, Between 6-8ft trucks dominate the market in intracity movements in FY’2020P.

Intercity By Type of Trucks: Most of the bookings in intercity movements come for trucks with loading capacity above 28MT in FY’2020P.

Competitive Landscape of Major Players Operating in the India Digital Freight Brokerage Market
Competition within the market is fragmented due to the presence of 20-25+ players, each capturing very low share. The market is led by major players namely Blackbuck, Porter, Let’s Transport, Blowhorn, Truckola, Trukky and others. The companies in the market compete on the basis of number of shippers, number of trucks on board, number of carriers associated, technology used, facilities & services provided to both shippers & truck drivers.

India Digital Freight Brokerage Market Future Outlook & Projections:
Digital freight brokerage market is expected to grow with positive growth in the forecasted period of FY’2020P-FY’2025. The market is expected to consolidate in future with the major players capturing substantial share in the market. The growth of the market will be impacted shortly due to the outbreak of corona virus but it is expected to get back on track and grow in the forecast period.

Key Segments Covered:-
By Confinement
Intercity
Intracity

By Carrier Options
FTL
PTL
LTL

By Type of Operating Model
Spot Based Model
Load Board Model
Contract Based Model

By Type of Revenue Model
Commission Based Model
Subscription Based Model

By Type of End Users
B2B
B2C

Intercity By Type of End Users (on the basis of number of bookings)
FMCG
Petrochemicals & Paints
Metals
Others

Intracity By Type of End Users (on the basis of number of bookings)
Logistics
FMCG
Furniture
Others

Intracity By Type of Trucks
Below or equal to 5ft
Between 6-8ft
Above 8ft

Intercity By Type of Trucks
3-12 MT
13-28 MT
Above 28 MT

Key Target Audience:-
Truck Aggregator Companies
Logistics Companies
PE and Venture Capitalist Firms
Transport Contractors
Logistics Association

Time Period Captured in the Report:-
Historical Period: FY’2016-FY’2020P
Forecast Period: FY’2020P-FY’2025F

Companies Covered in Report:-
Blackbuck
Porter
Let’s Transport
Truckola
Rivigo
Blowhorn
Trukky
Lalamove
Lynk
Portflip
EzyHaul
Trukky
Lobb

Key Topics Covered in the Report:-
Evolution of Truck Aggregators
Demand Analysis of Digital Freight Brokerage Companies
Demand & Supply Ecosystem
India Digital Freight Brokerage Market Size
Funding wave in India Digital Freight Brokerage Market
India Digital Freight Brokerage Market Segmentation
Competitive Landscape of India Digital Freight Brokerage Market
SWOT Analysis of India Digital Freight Brokerage Market
Trends & Developments in India Digital Freight Brokerage Market
Challenges Faced by India Digital Freight Brokerage Market
Interview of Founders of Porter, Trucksuvidha & Let’s Transport; Pranav, Ishu Bansal & Sudarshan Ravi respectively on roadmap of India Truck Aggregator Industry 
India Digital Freight Brokerage Industry Future Outlook to FY’ 2025

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

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Rise in Manufacturing Industries to Drive Global Light Curable Adhesives Market: Ken Research

Adhesive is a material used to bind two surfaces of same or different type. It is made by primarily combining mixture of a base material with other key additives such as pigments, plasticizers and stabilizers. The use of light-curing adhesive is a constituent adhesive for remedial providing high bond strength to plastics and the other surfaces such as acrylic, PVC, phenolic, polycarbonate, metal, ceramic and glass. Light curable adhesives exhibit a high thermal stability, water resistance, and the chemical resistance which is tremendous for the surface cure. They are intended to deal for rapid and safe cure to material when exposed to light or UV light at room temperature.

The single and multiple component adhesives can improvise the productivity and availability over wide range of the elasticity, ability to form bond with various materials such as ceramics, glass, plastics and metals or with the different product and properties. The light curing adhesives are unaffected to moisture and tack, solvent free, safe to use and have lower handling cost associated to it. It is widely used as bonding material different applications such as glass, automotive, optical components, consumer electronics, photovoltaic, industrial uses, displays, and medical equipment. It is one of the fast curing substance, which increase the productivity associated to material and its working life. A small amount of adhesive is able to have high bonding strength and it can cure quickly over the room temperature.

According to study, “Global Light Curable Adhesives Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use” the key companies operating in the global light curable adhesives market are DELO Adhesives, 3M Company, Henkel Corporation, Master Bond Inc., INTERTRONICS, TOAGOSEI CO., LTD., Dymax Corporation, Bostik USA and DuPont, Presco.

Based on type, light curable adhesives market is segmented into acrylic series, anaerobic series, silicone-gel series and others. In addition, based on application, market is segmented into aerospace, metal finishing, power generation, medical devices and electronics.

The light curable adhesives market is driven by growth in manufacturing industries, followed by rise in product application, increase in demand for vehicles coupled with automobile production, low cost labor and rise in foreign investments. Additionally, the increase in usage of products associated to electronics devices, glass bonding, medical devices, etc. However, low shock resistance, significant cost, poor resistance to heat & water may impact the market. Moreover, increase in manufacturing of more advanced light curing adhesives for instance those resistant to Ultra Violet (UV) light is a key opportunity for market.

Based on geography, the Asian-Pacific region holds major share in light curable adhesives market owing to growth of electronic industries in the region. Whereas, the North-American and European regions are projected to witness higher growth rate due to rise in advancements in technology over the forecast period. In upcoming years, it is expected that the market will be reached at rapid pace caused by growth in aerospace industry and increase in use of electronics devices, medical devices and glass bonding during the forecast period.

For More Information, Click on the Link Below:-
Global Light Curable Adhesives Market

Related Reports:-
Light Curable Adhesives Market Research: Global Status & Forecast by Geography, Type & Application (2015-2025)

Global Light Curable Adhesives Market Analysis 2013-2018 and Forecast 2019-2024

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Growth in Construction Sectors Expected to Drive Global Lime Plaster Market: Ken Research

Lime plaster is a type of plaster formed out of sand, water, and lime. It is similar to lime mortar, however the major difference is based on its use and area of application than the composition. Mortar for lime plaster is typically prepared by a proportionate mix of sand and lime for improvising the strength, a slight quantity of cement is added to the mixture. Lime plaster practices a light, clean, and durable surface that is resistant to weather and mold.

Lime plaster is also used for repairing and defending walls from rain, but it also allows the walls to dry out. Cement stuccos retain water and can cause serious loss to earth walls in cool climates. It is penetrable and permits diffusion and evaporation of moisture. It has a high pH that turns as a fungicide, meaning fungus will not grow in lime plaster. Plaster prepared from lime as it is less brittle and has a smaller chance for cracking the cement plaster and involves no growth of joints. It is less impacted by water and will not so often or dissolvable as drywall and earthen or the gypsum plaster. Unlike the gypsum or the clay plaster, lime plaster is further durable enough to use and render on the exterior of buildings.

According to study, “Global Lime Plaster Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use” the key companies operating in the global lime plaster market are Packed products, Limebase Products, Tagawa Sangyo, Eden Lime Mortar, Rockcote, Limebase Products, Hanson, Lime Works, Graymont, Bericalce

Based on type, lime plaster market is segmented into hydrated lime and non-hydraulic lime. The key difference between the two of its type is that hydraulic lime sets through hydrolysis that has reacts with water whereas non hydraulic lime sets through carbonation which reacts with air. Non Hydraulic Lime is bit softer and more flexible than its hydraulic equivalent and sets at bit slower ratio. Hydraulic Lime sets faster and is bit more durable being similar to properties related to cement. This creates hydraulic lime ideal for exterior work as a lime render, especially when damp conditions are expected. In addition, based on application, market is segmented into masonry, plasterboard and wood-fibre insulation panels.

The construction sector is one of the key source of industry for the lime plaster demand, as lime products are combined into numerous building materials and plaster is mostly used for manufacturing plasterboard, which further fitted into residential and commercial buildings. The diverse nature of industry demand has moderated the limiting effects of declines in some downstream industries, coupled with robust rise in construction activity. The market is further driven by increase in disposable incomes, rapid product modernization and growth in industrial advancements. However, high cost of lime plaster may sway the market. Moreover, rise in industrialization is a key opportunity for market over the forecast period.
In upcoming years, it is estimated that future of the market will be bright as a result of growth in industrialization during the forecast period.

For More Information, Click on the Link Below:-
Global Lime Plaster Market

Related Reports:-
Lime Plaster Market Research: Global Status & Forecast by Geography, Type & Application (2015-2025)

Global Lime Plaster Market Analysis 2013-2018 and Forecast 2019-2024

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Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
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Agriculture Farm Equipment Market Analysis and Growth Forecast: Ken Research

The agriculture equipment market was significantly monitored at an exceeding maturity stage although the farming segment within the different developed regions has never clogged occupied towards the improvement for the agriculture equipment and every cycle fetch in newer technological modernization. The effective augment in the occurrence of both international as well as internal players coupled with original government ingenuities has produced a constructive impact on the market.
Whereas, the European agriculture equipment industry revenue has enlarged at a positive CAGR throughout the review duration. The European agriculture market progressively monitored a decline throughout the past years in terms of revenue but progressively recovered through the review period. There has been a modification towards the systematization in the market as present farm machines are now furnished with the advanced technologies which support in streamlining the farming activities. In addition to that, legal administration support in the method of subsidies has further stimulated the progress of the agriculture industry within the European region.
Agriculture Equipment Market
Although, Brazil's agricultural economy comprises of both large-scale commercial farmers & cooperatives and maintenance-based family farmers, building it a double agricultural economy. The region is self-sufficient in terms of agricultural harvest and in the present decade, it has malformed itself from a net distributer to a prominent net worldwide exporter of agricultural harvest. The southern half of the region is endangered to sophisticated rainfall, augmented the soil fertility and advanced usage of the technology creating it an exceedingly productive region specifically for grains and oilseeds. The region is presently in its recapture stage due to present degeneration in sales owing to foremost depression and drought, which had imperfect for the growth in terms of efficiency. Brazil is anticipated to be the leading food breadwinner for the increasing global population and would augment its arable land by 49 million hectares in the impending decade. Brazil’s foremost harvest involve sugarcane, soybeans, beef, poultry, coffee & orange juice.
In addition, the foremost challenging restrictions for the entities involve the extensiveness of allocation and dealership connection, the worth of the products presented, after-sales services vacant, product portfolio, years of the institution, quality of the product, advertising & promotions and digitalization conveyed in the equipment. Dissemination of the precision farming in the equipment has been a foremost parameter to propel the competition in the market.
Nonetheless, the South Africa agriculture equipment the market is projected to increase due to the advent of the precision farming techniques and the multifunctional machinery, entry of the several equipment’s financing corporates, supportive government regulations and the establishment of agriculture robots. The growth will be purposed by a general augment in the populace requiring more food, growing costs of the agricultural equipment, accelerating concept of the multifunctional machinery, augmented financing choices, augment in the penetration of the driverless tractors and augmented the digitalization in South Africa.
The Agricultural Equipment Market is prospective to understanding an upward trend in terms of sales volume as well as revenue. Along with the government support policies such as New Growth Path and National Climate Change, the segment is anticipated to support the agricultural sector to showcase the growth and hence the requirement for the agricultural equipment.
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Growth In Landscape Of Global Membrane Microflitration Market Outlook: Ken Research


The microfiltration membrane is well-defined as the membrane that eradicates the contaminants or adjourned particles from a fluid (liquid or gas) through the particular pore-sized membrane. The magnitude of the pores in the microfiltration membrane decides the range to which the softened particles and the micro organisms can be uninvolved. Thus, the membranes with the pore size of 0.1-10 µm are deliberated ideal membranes that function microfiltration. The Microfiltration membrane functions on the foremost of the physical departure. The microfiltration membranes are prevail in the numerous diameters and the pore sizes, and are generated up of dissimilar polymers.

According to the report analysis, ‘Global Membrane Microfiltration Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use’ states that in the worldwide membrane microfiltration market there are several corporates which presently performing more actively for leading the fastest market growth and registering the great value of market share across the world over the coming years while developing the applications of the product, advancing the features and productivity of the good, delivering the better consumer satisfaction, spreading the awareness related to the features and benefits of the goods and studying and analyzing the government’s regulations includes EMD Millipore Corporation, Koch Membrane Systems, GE Water & Process Technologies, 3M Purification Solutions, Alfa Laval AB, Hyflux Ltd, Kubota Corp, Pentair, Danaher Corp. (Pall Corp.), Sartorius Stedim Biotech, Asahi Kasei Corporation, Mtb Technologies, Porvair Filtration Group, Spintek Filtration, Zena Membranes, Yuasa Membrane Systems and several others.

Additionally, based on the type, the market of membrane microfiltration globally is divided into different sector such as organic and inorganic. On the basis of application, the worldwide market of membrane microfiltration is segmented into several segments such as hospitals and laboratories, pharmaceutical and bio pharmaceutical companies, food and beverage, water and waste water treatment and several others.

Across the water treatment systems, the microfiltration membranes support in eradicating the trivial particles and solids namely iron (rust), manganese (rust), clay, silt and sand, bacteria, and viruses. In few of the water treatment systems, the membrane micro filters effectively support to pre-treat water earlier it clearances additional complete the RO or roughly numerous other treatment system. The Pre-treatment with the microfiltration enables the RO and several other treatment systems to function proficiently. In few cases, the microfiltration is utilized as the post-treatment after the aeration. Microfiltration membranes are most primarily utilized as the portion of the water treatment plants or household sanitation for the water to pass from the filters.

The Asia-Pacific control expressively great market share in the worldwide market during the recent years, due to the effective growth in the strict government regulations for innocuous drinking water, growth in the requirement for the waste water treatment & detoxification to cope up with the water deficiency in several regions in the country for the drinking and irrigation determinations, increase in the requirement for the several administered food from the great pool of populace in the region, and augment in the functioning units of the dissimilar pharmaceutical and bio pharmaceutical corporate across the region. Therefore, in the near years, it is anticipated that the market of membrane microfiltration will increase around the globe over the upcoming future more progressively.

For More Information on the research report, refer to below links:-
Global Membrane Microfiltration Market

Related Report:-
World Microfiltration Membrane Market Research Report 2024 (Covering USA, EU, China, South East Asia, Japan and etc)

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Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
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Increase in Demand for Flexible & Lightweight Products Expected to Drive Global Light Leather Market: Ken Research

Leather is a strong and flexible substanceshaped by treating animal rawhide and skins. It can be formed at business scales ranging from handicrafts worker to modern industrial scale. Leather is used to make a variety of articles, including footwear, clothing and bags. It is shaped in a wide variety of types and styles and ornamentedwithanextensive range of techniques. Light leather materials available in the market assistdiversenecessities of delivering industry, in terms of color, texture, and fabric look. With the developing textile knowledge, consumers nowadays opt for vegan fashion, which denotes to adopting of non-leather products. Thus, it serves as the most appropriate alternative in textile applications. Thelight leather is also easy to use in clothing for creatinga buoyancy competitive to the swimsuits. Increasein trend of the leisure that involves wearing sporty shoes in routine life propellingits demand. The price difference of light leather applications is lower than the ones that are being made from heavy animal hide. Moreover the key advantages of light leather includes thesafety, ease, sturdiness, breathability, better fit, easy while clean, eco-friendliness, stylishness, and others.

According to study, “Global Light Leather Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use” the key companies operating in the global light leather market are Fengan Leather, SNXON, Guangdong Tannery, Hongliang Leather, Xingye Leather.
Based on type, light leather market is segmented into no cloth leather, engineering leather and others. In addition, based on application, market is segmented into glove leather, shoe upper leather, garment leather (fur garments leather, suede garment leather and grain garment leather) and others. Moreover, the garment leather is majorly a chrome-tan leather which is been treated by softeners to make it smoother and thinner than the other regular chrome-tan leather. Increase in demand for the new trendy bags and handbags, premium look like leather wallets, and many other products is influencing the growth of the light leather goods market from the past few years.

The light leather market is driven by growth in fashion industry, followed by increase in demand for flexible & lightweight products, change in lifestyle of people, increase in demand for attractive goods, rise in working class population and rise in disposable incomes. However, high cost of goods may impact the market. Moreover, growth in awareness about branded products is a key opportunity for market. Rise in awareness regarding animal safety and concernstogether withlowering of interest over use of heavy leather related product accounting for high market and insufficient supplies, thereby positively influencing the demand of light leather market. The light leather are preferably used in making of footwear, purses & wallets, clothing, bags, automotive seat covers and the other significant furnishing products.

Based on geography, the Asian-Pacific region dominates the light leather market owing to rise in consumption of the product in bags and footwear in the region. Whereas, the European and North-American regions are expected to exhibit substantial growth rate due to high consumption of garments and stringent government regulations over the forecast period. In upcoming years, it is anticipated that future of the market will be optimistic on account of well-established end-use industries during the forecast period.

For More Information, Click on the Link Below:-
Global Light Leather Market

Related Reports:-
Light Leather Market Research: Global Status & Forecast by Geography, Type & Application (2015-2025)

Global Light Leather Market Analysis 2013-2018 and Forecast 2019-2024

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Rise in New Energy Vehicles Expected to Drive Global lithium Battery Electrolyte Market: Ken Research

Lithium-ion batteries are made up of four major components: anode material, cathode material, electrolyte, and separator. The electrolyte is one of the key raw material of lithium-ion batteries, it is also commonly known to be as "blood" of lithium-ion batteries, connects the battery’s positive and negative by carrying energy. It also acts as the medium which enables the movement of only lithium ions between the cathode and anode. The electrolyte has materials having high ionic conductivity which is mainly used by which lithium ions move to and fro easily. Lithium-ion batteries have advantages of high voltage, specific energy, and other advantages. The use of electrolytes majorly accounts for about 5% -12% of the total cost of lithium-ion battery production costs. The electrolyte solutions are prepared by high purity organic solvent, electrolyte, additive, and other materials under certain conditions and proportions. The organic solvent is a part of the electrolyte solution, nowadays it is primarily used in the composition of dimethyl carbonate, diethyl carbonate, propylene carbonate, ethylene carbonate, ethyl methyl carbonate, and other categories. The electrolytes are being used in lithium battery are hexafluorophosphate, lithium tetrafluoroborate, etc.
According to study, “Global lithium Battery Electrolyte Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use” the key companies operating in the global lithium battery electrolyte market are Mitsubishi Chemical, Soulbrain, UBE Industries, Shenzhen Capchem, Panax-Etec, Guangzhou Tinci Materials, BASF e-mobility, Dongguan Shanshan (DGSS), Mitsui Chemicals, Beijing Institute of Chemical Reagents, Guotai Huarong, Shantou Jinguang High-Tech, Tianjin Jinniu, Zhuhai Smoothway, Central Glass. The prominent players of the lithium-ion battery are expanding their operations and manufacturing capacity.
Global lithium Battery Electrolyte Market
This allows manufacturers to accommodate new resources and techniques that can help in gaining an edge over their rivals. Additionally, both new and veteran players focus on research and development which allows businesses to bring new products to market which can further help in acquiring new customers while retaining the prevailing ones.
Based on the type, the lithium battery electrolyte market is segmented into the solid electrolyte and liquid electrolyte. In addition, based on application, the market is segmented into electric vehicles, consumer electronics, and others.
The lithium battery electrolyte Industry is driven by a rise in new energy vehicles, followed by growth in the digital product market, an increase in the arrival of new lithium-ion battery electrolytes, rise in government initiatives, rapid urbanization, increase in fall in the price of lithium-ion batteries and rise in a number of smartphone users. Moreover, growth in the application of batteries in several electronic appliances are a key opportunity for the market.
Based on geography, the Asian-Pacific region holds the major share in the lithium battery electrolyte market owing to the rise in demand for powerful batteries in electric vehicles and growth in population in the region. Whereas, the North-American and European regions are expected to witness a higher growth rate due to the rise in awareness among the users about the harmful impact of conventional fuels over the forecast period. In the upcoming years, it is predicted that the future of the market will be bright as a result of growth in the development of more user-friendly batteries during the forecast period. The global market for is projected to grow at a CAGR of approximately 6.2% over the next five years, will reach the US $1970 million in 2024, from the US $1370 million in 2019.
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