Monday, July 27, 2020

Speedy Advancements In Global Dating Services Market Outlook: Ken Research


The Dating Services involving both online and traditional are social platforms whereby an individual can search, contact and meet each other over to organize a date, usually with the purpose of emerging a relationship.

According to the report analysis, ‘Dating Services Market by Type (Online and Traditional), Service (Matchmaking, Social Dating, Adult Dating, Niche Dating), and Demographics (Adult and Generation X): Global Opportunity Analysis and Industry Forecast, 2019-2026’ states that in the dating services market there are several corporates which presently operating more significantly for leading the fastest market growth and dominating the handsome value of market share around the globe throughout the forecast duration while decreasing the associated cost, increasing the applications and features of dating services, delivering the better consumer satisfaction, employing the young work force, implementing the profitable strategies, analyzing the favorable and unfavorable policies of the government and spreading the awareness related to the dating services includes Grindr LLC, Love Group Global Ltd., Badoo, eharmony, Inc., The Meet Group Inc., Spice of Life, Match Group, Inc., Spark Networks SE, Zoosk Inc.,  rsvp.com.au Pty Ltd and several others.

The foremost aspects driving the growth of dating services market involves the increment in the number of singles or unmarried, massive upsurge in affordability, lucrative options simplified by the online dating services leading to sophisticated rate of subscription, technological innovations, and speedy augment in the preference of customers towards non monogamous relationships. In addition, the customized solutions according to preferences, like and dislikes have transfigured the dating services market. However, aspects such as fraudulent activities, dating scams and data secrecy results in apprehension amongst the customers are encumbering the revenue growth of dating services market. Furthermore growing the number of smartphone users, increasing adoption of internet services amongst the semi-urban population would deliver the lucrative opportunities for the affianced stakeholders in the industry. The dating services market size was worth at USD 6.7 billion in 2018, and is projected to reach USD 9.9 billion by 2026, dominating a CAGR of 5.2% from 2019 to 2026.

Although, for the last couple of decades, there has been outpouring in the rate of internet penetration around the foremost parts of the world. This has given consumer easy access to several information and social media sites. Growth in the utilization of the internet services has been augmented the visibility of numerous online platforms for dating services. These online dating services/platforms deliver the instant matches between right couples in terms of their lifestyle and outlook, which all together create it calmer for their consumers to find their appropriate match in no time.

The lucrative services delivered by these online dating services leads to greater rate of subscription or registration of target consumers, thereby influencing the growth of the worldwide market. However, the industry also faces challenges from the fraudulent activities and solemn privacy and protection risks. There has been momentous increase in quantity subscriptions over the past two decades, due to growth in popularity of several online dating sites. Therefore, in the coming years, it is anticipated that the market of dating services will increase around the globe over the forthcoming years more actively.

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Friday, July 24, 2020

We Expertise in Software Sector Human Resource Consulting: Ken Research

Software consulting services are aimed for maximizing the overall return on investment for a software development initiative by an effective planning, execution and management of new software development project, or thereby setting to the rights associated to ongoing project. Our know-how over the consulting area is significant and years of experiments optimizing software program packages have earned us the fame of main representative for the software development consulting jobs in India. Our specialists cognizance at the facility offering unique operational competency to the particular enterprise wishes studying them thru enterprise strategy, adjustments in IT landscape, modern-day pin-factors etc. We have helped diverse answers to be carried out with the proper way whilst assisting our customers get entire guarantee of the proper emplacement and characterisation of the technique that holds the solution.

Specializing in permanent recruitments, contract staffing and placement consulting for software roles across all verticals. We have a proven testimonial record of successfully conducting the recruitment for many reputed Indian and International firms. We have been promoted by a senior IT professional over two decades with rich experience in carrying out recruitment projects for top technology companies and have worked in key geographies such as the United States, Japan, South Africa, Europe and the Middle East. With our extensive recruitment expertise workforce, and core IT professionals in our recruitment consulting team, we are able to analyse the business better than competitors do. Moreover our core team also consists of specialist recruitment consultants that are well aware and have understanding in respective technology domains, we have a panel of IT professionals that have been industry experts and worked on cutting edge technologies, further they are ]well versed with the latest trends and developments in industry. We additionally carry out screen all the candidates, including checking their references and personally meeting to analyse the resource and connect with the sector and domain worked.

Our understanding in diverse technology segments together with IT products, IT services, allows us in analysing the ever-converting wishes of the enterprise that seeks the excellent skills for pivotal roles. We agree with in riding alternate for each mounted in addition to rising technology providers. As one of the pioneers in the IT recruitment India, we're credited with securing placement for a number of the maximum eminent leaders over a decent positions throughout the industry. Over the years, we've got correctly carried out diverse purchaser assignments and stayed much ahead of the curve in the technology domain. We agree with in preserving long-status relationships with our customers and make certain that businesses discover an ideal connect with the proper skills.

Consultant corporations and recruitment HR corporations are able to bridge the distance among the commercial enterprise and manpower, attaining to networking and a manageable factor of placement. These also assist in supporting people for locating proper activity that does justice to examine and support the expertise. In addition, we assist agencies to locate the proper candidate for the organization with the manner being commonly finished by searching from open corporations and thereby forwarding the profiles of people who flawlessly suit the purpose.

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APAC Flexible Workspace Market, APAC Flexible Workspace Industry: Ken Research


How is the Flexible Workspace market Positioned in APAC?
Growing traction to the concept of teleworking, the growing gig economy, increasing number of start-ups and changing business strategies had lead to the emergence of co-working industry. The growing millennial population value work-life balance more than ever and increasing productivity and efficiency of the workforce is becoming increasingly important for employers.

Tech enabled flexible workspaces enable employers to provide flexibility to its employees and fosters employee retention. On the other hand enterprises, MSME’s, start-ups and entrepreneurs can benefit from flexible rental agreement which enable them to face the growing number of business uncertainty and convert CAPEX to OPEX.

How is the Flexible Workspace market Positioned in APAC?

Growing traction to the concept of teleworking, the growing gig economy, increasing number of start-ups and changing business strategies had lead to the emergence of co-working industry. The growing millennial population value work-life balance more than ever and increasing productivity and efficiency of the workforce is becoming increasingly important for employers.

Tech enabled flexible workspaces enable employers to provide flexibility to its employees and fosters employee retention. On the other hand enterprises, MSME’s, start-ups and entrepreneurs can benefit from flexible rental agreement which enable them to face the growing number of business uncertainty and convert CAPEX to OPEX.

The flexible workspace operators are evolving their offering according to the evolving needs of the corporate world as the industry cements itself as a mainstream real estate asset class.
More and more traditional building owners are participating in the flexible workspace industry by switching from transactional business providers to hospitality and service providers.  Landlords are either introducing their own co-working brands or they are partnering with flexible workspace operators to inculcate flexibility in their traditional office buildings.

The flexible workspace industry in APAC has gained traction during the period 2016-2017 when the global market leader WeWork expanded its presence in multiple countries in APAC. In response to WeWork’s expansion many local and regional players have emerged in different countries and as of 2019, in most the countries the industry is collective dominated by local players of that particular country.

The flexible workspace industry in APAC is positioned to be at growth stage. The supply in the industry has grown from ~ million sq ft in 2016 to ~ million sq ft in 2019, registering a double digit CAGR of ~% in the period 2016-2019. The industry has been evolving ever since its inception, with major trends in the industry being growing number of local players, changing amenity mix or amenitisation, increasing market consolidation, development of premium design workspaces at premium locations and increasing landlord participation.

How is Supply Segmented in APAC Flexible Workspace Market?
By Type of Flexible Workspace: In the recent past, the flexible workspace industry in APAC has transformed itself from a pure play co-working space provider  catering to freelancers, small business and start-ups to serviced or managed space provider catering to the large corporate. Serviced space are fully customized, furnished and managed private or semi-private facility, maintained and operated by an operator for a client who agrees to pay a composite fee for its use. In 2019, it contributed the maximum market share in the overall supply of flexible workspace in APAC.

By Country: In 2019, more than 60% of the total supply of flexible workspace in APAC was accounted by India and China. The supply in Vietnam, South Korea and Japan has been growing at the fastest pace during 2016-2019. Since the industry is highly localized the trends in different countries differ. For instance, unlike India, China and Philippines, landlords are not looking to enter into joint venture partnerships because they have high bargaining power due to low availability of office space.

How Has the Demand Changed in APAC Flexible Workspace Industry?
Grade A amenities at affordable prices have attracted SMEs, start-ups, freelancers as well as enterprises to occupy flexible offices. Flexible workspace operators are creating co-working locations that fosters work-life balance by inculcating various lifestyle spaces such as gyms, swimming pools, gaming rooms, sleeping pods, cafes, restaurants and others. Operators are also focusing on provision of business support services such as business concierge, accounting & bookkeeping, HR & payroll management and others which enable occupiers to concentrate on their core business. Operators are also forming strategic partnerships with software providers, cafes & restaurants, travel companies and others in order to provide added benefits to tenants.

The various initiatives taken up by flexible workspace operators have driven the demand of flexible workspaces in APAC. The demand in the region has drastically increased from ~ million sq ft in 2016 to ~ million sq ft in 2019 registering a double digit CAGR of ~% during the time period 2016-2019. In 2019, the average occupancy rate in all the countries was estimated to be more than 75%.
By End User Type: In 2019, enterprises were the major occupier of flexible workspaces in APAC. Large enterprise are opting for serviced spaces to avoid the hassles of long term leasing and managing office spaces, which incurs heavy costs.

Key Segments Covered:-
By Type of Flexible Workspace
Serviced Spaces
Hybrid Spaces
Co-Working Spaces

By Country
India
Bangalore
Delhi NCR
Mumbai
Pune
Hyderabad

China
Shanghai
Beijing
Shenzhen
Hong Kong
Chengdu
Guangzhou

Australia
Melbourne
Sydney

Japan
Tokyo

Singapore
South Korea
Seoul
Philippines
Metro Manila

Vietnam
Ho Chi Minh City
Hanoi

By End Users
Enterprises
MSME’s/Start Ups
Entrepreneurs/Freelancers

Key Target Audience:-
Flexible Workspace Operators
Office Brokers/Aggregators
Commercial Real Estate Companies
Venture Capitalist and PE Firms
Real Estate Consultant
Office Furniture Providers
ICT Providers

Time Period Captured in the Report:-
Historical Period – 2016-2019
Forecast Period – 2019-2025

Companies Covered in the Report:-
APAC Flexible Workspace Market
IWG
WeWork
The Executive Centre
Compass Office
JustCo
Servcorp

Local Players in India Flexible Workspace Market
Awfis Space Solutions
IndiQube
Smartworks
91Springboard
Innov8
Vatika Business Centre & Co-working Spaces
InstaOffice

Local Players in China Flexible Workspace Market
Ucommune
MyDreamPlus
Distrii
Kr Space
SOHO 3Q
People Squared
Atlas Workplace
Servoffice

Local Players in Japan Flexible Workspace Market
ZXY
WorkStyling
Cross Office
Business Airport
LIFORK
Mitsubishi Estate (BRANDS: Finolab, The Premium Floor, Inspired.lab, Global Business Hub, EGG JAPAN)
Expert Office
SENQ

Local Players in Australia Flexible Workspace Market
Victory Offices
WOTSO Workspace
Workspace365
Corporate House
Asia Pacific Serviced Offices
Hub
Space & Co.
Christie Spaces

Local Players in Singapore Flexible Workspace Market
The Work Project
The Great Room
Found8
ClubCo

Local Players in Philippines Flexible Workspace Market
KMC Co-working Space
Clock In
Common Ground
vOffice
Project T Solutions
A-Space

Local Players in Vietnam Flexible Workspace Market
Toong
Up Co-Working
G Office
Cogo Co-working
Dreamplex
eSmart
CirCo

Local Players in South Korea Flexible Workspace Market
FASTFIVE
SPARKPLUS
BIZSQUARE & MoA
GARAGE
Heyground

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Increase in Industrial Production Expected to Drive Global Flow Meter Market: Ken Research

Flowmeter is an integral tool or equipment that measures the linear, non-linear, volumetric or mass flow rate of a gas or a liquid or mixture of both. Fluid characteristics, flow range, low profile, and the need for accurate measurements are the crucial factors for determining the right flow meter for a particular application. These tools are used for monitoring & controlling systems. Modern, Internet-of-Things (IoT) generated flow meters are used for remote monitoring of the systems. The overall accuracy of the flow meter depends on the circumstances of the application. The key benefits associated with flow meters include remote calibration & configuration, wireless communication, online diagnosis and troubleshooting, and improved installation management & application effects.
According to study, “Flow Meter Market by Type (Differential Pressure, Positive Displacement, Ultrasonic, Turbine, Magnetic, Coriolis, Vortex, and Others), and End User (Water & Wastewater, Oil & Gas, Chemicals, Power Generation, Pulp & Paper, Food & Beverages, and Others): Global Opportunity Analysis and Industry Forecast, 2019-2026”. Some of the key companies operating in the global flow meter market are Honeywell International Inc., Emerson Electric Company, Siemens AG, ABB Ltd, Yokogawa Electric Corporation, Schneider Electric SE, Azbil Corporation, Hitachi, Ltd., Badger Meter Inc., and KROHNE Messtechnik GmbH. Key players are investing in and focusing on research & development (R&D). Thus, a better version of flow meters is introduced in the market that is more effective & versatile than the previous one.
Based on type, flow meter market is segmented into positive displacement (nutating disc, oscillating piston, bi-rotor types (gear, oval gear, and helical gear) and reciprocating piston), differential pressure, turbine, ultrasonic (spool pieces, insertion ultrasonic flow meters, and clamp-on ultrasonic flow meters) vortex, Coriolis, magnetic flow meter (in-line magnetic, low flow magnetic and insertion magnetic) and others (thermal and multiphase flow meters). The ultrasonic flow meter is the fastest-growing segment of the market owing to its low maintenance and reliability. In addition, based on the end-use industry, the market is segmented into water & wastewater, oil & gas, refining & petrochemical, pharmaceutical, chemical, metals & mining, power generation, food & beverage, pulp & paper, and others.
The flowmeter market is driven by a rise in demand for smart & intelligent flow meters in high-end applications, followed by an increase in use in oil & gas and water & wastewater industries. However, the high initial cost of Coriolis and magnetic flow meters may impact the market. Moreover, the rise in demand from the Asia Pacific for process automation is a key opportunity for the market.
Based on geography, the Asian-Pacific region holds a major share in the flowmeter market owing to, rise in urbanization, an increase in industrial output, and the highest automotive sales & production in the region. Whereas, the North-American and European regions are estimated to exhibit substantial growth rate due to an increase in focus on modernizing the processes and operations in industries over the forecast period. In upcoming years, it is estimated that the future of the market will be bright as a result of an increase in the number of initiatives to build safe water management infrastructure, the surge in energy needs, and a rise in industrial output during the forecast period. The global flow meter market was valued at US $7.3 billion in 2018 and is estimated to reach the US $11.9 billion by 2026, growing at a CAGR of 6.3% from 2019-2026.
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Rise in Medical Surgeries Expected to Drive Global Antifibrinolytic Drugs Market: Ken Research

Antifibrinolytic drugs are also known as fibrinolytic inhibitors. They are primarily used for preventing the fibrinolysis or lysis of blood clots. The fibrinolysis is basically a process which is stimulated plasminogen used for removing the excess fibrin. Moreover, they are used for controlling the massive hemorrhage and for other coagulation disorders. The hemophilia, antifibrinolytic agents consisting of tranexamic acid or epsilon aminocaproic acid are generally used for oral bleeding or the dental surgery. Some of the most common antifibrinolytic drugs such as tranexamic acid and ε-aminocaproic acid, and the serine protease inhibitor, aprotinin and others.

According to study, “Antifibrinolytic Drugs Market by Indication (Gynecology, Hereditary Angiedema, Fibrinolytic Response Testing, Surgeries, and Others) and End user (Hospitals & Clinics, Ambulatory Surgical Centers, and Healthcare Specialty Process): Global Opportunity Analysis and Industry Forecast, 2019-2026”. Some of the key companies that are currently  working in the global Antifibrinolytic drugs market are Acic Fine Chems, Aurobindo Pharma Ltd., Zydus Cadila, Xanodyne Pharmaceuticals, Akorn, Mylan, Pfizer (GenMed), Amerigen Pharms Ltd, Sanofi, and Takeda.

Based on indications, antifibrinolytic drugs market is segmented into gynecology, fibrinolytic response testing, hereditary angiedema, surgeries, and others. Gynecology includes menorrhagia, gynecological surgery, pregnancy, haemorrhage, parturition, bleeding disorders, Gastrointestinal (GI) bleeding and dental surgery. Gynecology segment holds major share in market and is expected to exhibit a prominent growth rate in the near future, due to rise in adoption of these drugs to prevent menorrhagia i.e. heavy menstrual flow. Surgeries include cardiac surgery, liver surgery, orthopedic surgery and neurosurgery. Based on drug type, market is segmented into Amicar, Tranexamic acid injection, Aminocaproic acid, Tranexamic acid oral, Aprotinin, RiaSTAP, Cyklokapron, Trasylol and Lysteda. In addition, based on end-user, market is segmented into hospitals, healthcare specialty processes, ambulatory surgical centers, clinics and others. Hospital segment dominates the market owing to increase in usage of these drugs in hospitals as most of the surgeries such as neurosurgeries and cardiovascular are performed in hospitals.

The antifibrinolytic drugs market is driven by significant increase in surgical procedures, followed by surge in severe road accidents, growth in high-risk geriatric population, surge in incidence of angioedema and growth in healthcare investments. However, high cost of these drugs may impact the market. Moreover, increase in research & development (R&D) for developing novel innovative antifibrinolytic drugs is a key opportunity for market.

Based on geography, the North-American is the dominating region in the antifibrinolytic drugs market owing to broad technical applications of antifibrinolytic drugs, increase in strict rules at the work place and rise in awareness about these drugs in the region. Whereas, the European and Asian-Pacific regions are estimated to witness higher growth rate due to high disposable income, mandatory medical insurance and high research & development in the health care sector over the forecast period. In upcoming years, it is estimated that future of the market will be bright as a result of considerable surge in prevalence of bleeding disorders during the forecast period. The global antifibrinolytic drugs market was valued at US $13,593 million in 2018 and is anticipated to reach US $19,333 million by 2026, registering a CAGR of 4.5% from 2019-2026.

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Increase in Automobile Production Expected to Drive Global Advanced Tires Market: Ken Research

The Advanced tires are comprising of various types of materials, consisting of airless tube designed for reducing the possibility of getting punctured. The area of contact such tires have been designed with a very less enabling to enhance the overall fuel efficiency of the vehicle. The use of such advanced tires facilitates vehicles for traveling at a higher speed there by reducing the risk of slip friction. These are widely applicable in the automotive industry.
According to study, “Advanced Tires Market by Material Type (Natural Rubber, Synthetic Rubber, Steel, Elastomers, and Others), Type (Pneumatic Tires, Run Flat Tires, Airless Tires, and Others), Technology (Chip Embedded Tires, Self-Inflating Tires, Multi Chamber Tires, All In One Tires, and Others), and Vehicle Type (Light Duty Vehicles, Heavy Duty Vehicle, Agricultural Tractors, Construction & Mining Equipment, and Industrial Equipment): Global Opportunity Analysis and Industry Forecast, 2020-2030”. Some the key companies operating in the global advanced tires market are Bridgestone Corporation, Michelin, Pirelli & C. S.p.A, Continental AG, The Goodyear Tire & Rubber Company, Nokian Tyres plc., Hankook Tire & Technology Co., Ltd., The Yokohama Rubber Co., Ltd., Sumitomo Corporation, Toyo Tire Corporation. The key players are expected to adopt strategies associated to new product development for gaining the traction in ever growing segment of the automated and 3D printed tires. 
Based on type, advanced tires market is segmented into run flat tires, pneumatic tires, airless tires and others. Based on material type, market is segmented into synthetic rubber, natural rubber, elastomers and steel and others. Elastomers material segment dominates the market owing to rise in need for lightweight and durable raw materials.  Based on vehicle type, market is segmented into heavy duty vehicle, light duty vehicle, construction & mining equipment, agricultural tractors and industrial equipment. In addition, based on technology, market is segmented into self-inflating tires, all in one tire, chip embedded tires, multi chamber tires and others. The self-inflating technology is projected to show the fastest growth for on-highway vehicles due to growth in production of commercial vehicle and rise in demand for better tire performance in commercial vehicles during the forecast period.
The advanced tires market is driven by rise in need for convenience and driver assistance, followed by increase in focus on reduction in carbon footprints and high maintenance & replacement costs of conventional Off-the-road (OTR) tires. However, inability of mass production and high initial investments may impact the market. Moreover, rise in demand for industrial automation and increase in concern for fuel efficiency & safety are key opportunities for market.
Based on geography, the European region holds major share in advanced tires market owing to increase in production of automotive coupled with growth of the automotive industry in the region. Whereas, the North-American and Asian-Pacific regions are expected to witness higher growth rate due to rise in demand for self-inflating layered tires over the forecast period. In upcoming years, it is expected that future of the market will be optimistic because of increase in focus on tire manufacturing of tires from advanced technologies for instance 3D printing and some of the green raw material during the forecast period.
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Substantial Advancement In Armenia Consumer Goods Market Outlook: Ken Research


The consumer goods mention to the products bought principally for personal or household consumption. It involves the products such as clothing, food, books, and cooking appliances. Customer goods are principally studied around two major categories in this report, namely FMCG (fast moving consumer goods) and customer durable.

Armenia is a landlocked region in the South Caucasus economy of Eurasia. It is a small market with confident economic growth prospects. The structural reforms and sound macroeconomic policy in the region allow it to preserve low inflation and fascinate foreign investments.

According to the report analysis, ‘Armenia Consumer Goods Market by Product Type (Fast Moving Consumer Goods and Consumer Durables), and Distribution Channel (Supermarkets & Hypermarkets, Specialty Stores, E-commerce, and Others): Opportunity Analysis and Industry Forecast, 2019-2026’ states that in the Armenia consumers goods market there are several companies which presently operating more significantly for leading the fastest market growth and registering the handsome value of market share around the globe throughout the coming duration while decreasing the side effects of the consumer goods, decreasing the linked prices, growing the usage of the consumer goods, augmenting the applications of the Armenia consumer goods, implementing the profitable strategies, spreading the awareness related to the benefits of the consumer goods, and employing the young work force includes Procter & Gamble Company, The Coca-Cola Company, PepsiCo, Inc., Nestle S.A., Samsung Electronics Co., Ltd., LG Electronics Inc., Haier Group Corporation, Panasonic Corporation, Electrolux AB, Koninklijke Philips N.V. and several others.

The effective growth in purchasing power parity (PPP) of Armenian consumers has created the positive impact on the consumption of consumer goods. Armenia's annual household income per capita stretched USD 1,516.748 in December 2018 from USD 1,453.618 in Dec 2017. Shoppers across the Armenia spend almost USD 100 million monthly on consumer goods, principally on food and food products. In addition, the requirement for the expediency goods has obtained the high traction during recent past. The effective growth in the internet penetration, denser urban populace, fast pace lifestyles, and challenging working hours are deepening the involves of the consumer lives. Consumers are continuously opting for the products which deliver the effectiveness and is time saving. These aspects cumulatively function a positive impact on the growth of customer goods market in Armenia. However, the Armenia faces geopolitical conditions with its neighboring regions. All the goods traded with the Armenia have to pass through Georgia.

During this procedure, high transport tariffs are levied, which eventually augments the end price of the product. Hence, the existence of the trade barriers causes interruption in the growth of the Armenian consumer goods market.

On the contrary, the government in Armenia is promised in improving the comprehensive reforms in the business environment to deliver the promising investments and business opportunities for worldwide stakeholders. This is envisioned to propel the international players to Armenia. Enterprises by the government are focused to reinforce the market scenario, which can be observed as a growth opportunity for the market players in Armenia.

In addition, the Armenia consumer goods market by product type and distribution channel: Opportunity Analysis and Industry Forecast, 2019-2026, the Armenia consumer goods market size was worth at USD 1,734.5 million in 2018 and is anticipated to reach USD 2,519 million by 2026, increasing at a CAGR of 4.7% from 2019 to 2026. Therefore, in the coming years, it is predicted that the market of Armenia Consumer goods will increase around the globe more effectively over the inflowing years.

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Proficient Scenario Of The Industrial Rubber Market Outlook: Ken Research


The Industrial rubber is polymers, precisely elastomer which can stretch and shrink. Industrial rubber can be introduced from the natural sources such as from latex found in trees or rubber and can be effectively synthesized on an industrial scale. Gloves, tires, plugs, and masks are products generated from the rubber.

According to the report analysis, ‘Industrial Rubber Market by Type (Natural and Synthetic) and End-use Industry (Automotive, Construction, Manufacturing, Electrical & Electronics, and Others): Global Opportunity Analysis and Industry Forecast, 2019-2026states that in the industrial rubber market there are several companies which presently performing more effectively for leading the highest market growth and registering the handsome value of market share around the globe throughout the forthcoming years while decreasing the associated weak points, increasing the applications of the industrial rubber, implementing the policies of profit making, studying and analyzing the strategies of the competitors, decreasing the linked prices, spreading the awareness related to the applications of the industrial rubber and delivering the better consumer satisfaction includes Sinopec Corporation, LG Chem Ltd., The Goodyear Tire & Rubber Company, Toyo Tire & Rubber Co., Ltd., Bridgestone Corporation, Lotte Chemical Corporation, Arkema S.A., Braskem S.A., Celanese Corporation, United Rubber Industries India private Limited and several others.

In addition, the worldwide industrial rubber market was worth at USD 29.8 billion in 2018 and is anticipated to reach USD 44.6 billion by 2026, increasing at a CAGR of 5.2% from 2019 to 2026. Nonetheless, the significant growth in the demand for industrial rubber from automotive industry is projected to offer growth to the worldwide industrial rubber market. Asia-Pacific is one of the increasing markets where rubber is used at a large scale. However, hazards related with the rubber manufacturing and luxurious cost is projected to restrict the market growth. Not only has this, the worldwide industrial market is yet to sight see its full potential. Innovation and development in rubber industry such as producing of the eco-friendly rubber is projected to offer growth opportunity to the market.

Whereas, the automotive industry has witnessed a speedy growth in the last decade, mostly in regions such as China, the U.S., Japan, India, Germany, and the UK. Electric vehicle sales are projected to augment. In addition, deduction in prices of electric vehicle parts such as battery, transmission, and alternators influence the sale of electric vehicles. The requirement for the industrial rubber market is projected to augment due to the growth in the automotive segment. Rubber is utilized increasingly for creating the tires as well as component of automobile. Hence, with the increasing vehicle sales, the requirement for the industrial rubber is projected to augment which further boosts the growth of the worldwide industrial rubber market.

The growth in the construction activities in emerging economies is also a foremost factor propelling the prosperity for the industrial rubber market. Several governments in Asia Pacific are investing across both public and private initiatives to boost infrastructure in regions such as India and China. Numerous airports, metros, highways, other smart city projects are being undertaken in such economies. These projects are projected to boost demand for industrial rubber market throughout the forecast period in Asia Pacific. Therefore, in the coming years, it is predicted that the market of industrial rubber will increase more significantly over the inflowing years.

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