The credit disbursed in KSA Car Finance Market is expected to grow to ~SAR 70 Bn by 2026F, driven by entry of women drivers and increasing employment opportunities: Ken Research

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KSA Car Finance Market is in the growing stage, being driven by banks and NBC’s along with introduction of Fin-Tech companies and online personal loan aggregator platforms. Major entities in the market are Banks and Captives that are 70-80 years old offering variety of financing services.

• Growth rate of total cars financed is going to increase over the period as financing becomes easier, market penetration rates increase.
• The Vision 2030 project in KSA has massive plans for the economy in terms of infrastructure and investment which will improve employment figures and increase incomes.
• Entry of women drivers in the market has led to an increase in the total cars sold and hence the credit disbursed in car finance sector. This trend is expected to continue to 2026.

Increase in Private Entities: The Government stake in the Saudi Arabia Car finance market is decreasing, hence the percentage share of government to private might shift to private. Government stake in SNB has gone down from 44.2% in 2016 to 37.2% in 2022. Finance companies are partnering with Banks so they can offer loan more than 33% of customer’s salary. For example- Riyad Bank works with Al Amthal Financing. It is not a sister company, but they have collaborated together. Both share the profits from customers.

New Players in the Market and Partnership with Finance Companies: New players entering the KSA Car finance market are Fin-tech companies. Around 38 companies have received approval from the Central Bank and have started garnering database by entering into the market with digital wallets and offering products like BNPL. Also, Finance companies are partnering with Banks so they can offer loan more than 33% of customer’s salary. For example- Riyad Bank works with Al Amthal Financing. It is not a sister company, but they have collaborated together. Both share the profits from customers.

Get in front of Prospects through AI: When customers shop for a car, they need information about two things the car itself and how to finance it. A tighter online integration of information gathering for car buying and car financing can help move a consumer to the next stage of the purchasing process. The solution is an interactive online interface embedded with AI.  The online experience must extend seamlessly into the dealership – for instance, by giving the customer access to terms and pricing details on their mobile app rather than having to rely on the dealer.

Analysts at Ken Research in their latest publication “KSA Car Finance Market Outlook to 2026F- Driven by Women Entering the Market, Increasing Employment Opportunities in the Kingdom” by Ken Research observed that KSA Car Finance Market is in the growing phase. Enhancing Service Offerings, collaborations with partners, expand pipeline with predictive analysis and getting in front of prospects through AI are some of the factors that will contributed to the KSA Car Finance market growth over the period of 2021-2026F. It is expected that KSA Car Finance Market will grow at a CAGR of 11.7% for the above forecasted period.

Key Segments Covered in the report:-

KSA Car Finance Market

By Type of Vehicle Financing

• New car financing
• Used car financing

By Type of Car Financed

• Hatchbacks
• Sedans
• Sports Utility Vehicle
• Multi-Purpose Vehicle

By Price

• High (500,000+)
• Medium (200k-500k)
• Low (below 200K)

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By Type of Institution

• Banks
• NBFC's
• Captives

By Tenure of Loans

• <2 years
• 3-4 years
• 4-5 years

By Major Cities

• Riyadh
• Jeddah
• Dammam
• Others

By Booking Mode

• Online
• Offline

Key Target Audience

• Banks and its Subsidiaries
• NBFCs
• Captive Finance Companies
• Government and Institutions
• Automobile Companies
• Car Dealers
• Government and Institutions
• Existing Car Finance Companies
• OEM Dealerships
• New Market Entrants
• Investors
• Auto mobile Associations

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Time Period Captured in the Report:-

• Historical Period: 2017-2021
• Base Period: 2021
• Forecast Period: 2022-2026F

Companies Covered:-

Banks

• Al Rajhi Bank
• Riyad Bank
• Al Jazeera Bank
• Alinma Bank
• Arab National Bank

NBFC’s

• Al Yusr Leasing and Financing
• Al Amthal Financing Company
• National Finance House
• Tajeer Finance
• National Finance Company
• Murabaha Marina Finance Company

OEM’s

• Abdul Latif Jameel United Finance Co. (Toyota Distributor)
• ALJABR FINANCE (KIA Distributor)
• Walan finance company (hyundai)
• Geely Finance (Geely Distributor)

Key Topics Covered in the Report:-

• KSA Automotive Market Overview
• Ecosystem, Business Cycle and Evolution of KSA Car Finance Market
• KSA Car Finance Value Chain Analysis
• Islamic Banking and Car Finance in KSA
• KSA Car Finance Market by Credit Disbursed, 2017-2021
• KSA Car Finance Market by Outstanding loans, 2017-2021
• KSA Car Finance Market Segmentation, 2021
• SWOT Analysis of KSA Car Finance Industry
• Infrastructure Development Overview of KSA
• Trends and Developments in KSA Car Finance Industry
• Operational Strategies for KSA Car Finance Services Market
• Issues and Challenges in KSA Car Finance Industry
• Government Policies and Initiatives for Automotive Industry
• Growth Drivers of KSA Car Finance Market
• KSA Car Finance Market Competition Overview
• Cross Comparison of Major Players in KSA Car Finance Market
• Strengths and Weakness of Major Players in KSA Car finance market
• Future Outlook and Market Projections, 2026F
• Case Study on Al Rajhi Bank
• Growth strategies for KSA Car Finance Market

For more insights on the market intelligence, refer to below link:-

KSA Car Finance Market

Related Reports by Ken Research:-

Malaysia Automotive Finance Market Outlook to 2026-Driven by exorbitant car prices, growing digital penetration, preference for owning passenger cars amidst systematically regulated car ownership policies by the Government

Qatar Auto Finance Market Outlook to 2026F– Driven by Increasing Vehicle Prices and Low-Interest Rate In The Country

Philippines Auto Finance Market Outlook to 2026- Driven by change in consumer spending, ease in provision of loans, improving technology and government support

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Indonesia Used Tractor Market is expected to Reach IDR ~170,000 mn by 2027F owing to Digitalization, Modern Technologies, and Farm Mechanization: Ken Research

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Indonesia’s Used Tractor Market is in the growing stage, being driven by Digitalisation and availability of modern technologies. Tractor Market in Indonesia has various players like OEM companies, marketplace/classifieds and finance companies.

Key Market Findings: -

• The used tractor market in Indonesia is expected to grow at a positive but at slow growth rate in the immediate future due to global economic conditions.
• Sales will rise as government is keen on the mechanization of agriculture.
• The current agricultural farm equipment is going through a paradigm shift from cart driven to self-driven tractors.

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Current Market Positioning: Indonesia expects to emerge as the 5th largest vehicle manufacturer and 3rd largest auto component market in the world by 2027F. The major Revenue contribution is from the sale of Suspension Parts.

Rising Awareness: The growing farming population and increasing awareness about buying and selling used tractors are some of the key strengths. As of 2022, there were around 40.6 Mn people who worked in the agriculture sector in Indonesia. The pre-owned tractor market has been witnessing a boom, owing to the demand for affordable tractors.

Government Regulations: Demand within Java, Sumatra and Sulawesi regions is expected to grow for used tractors and other agricultural equipment. The Indonesian government plans to invest in R&D - Rice science to further improve yields on available favourable land while expanding rice production to frontier areas, where the rice plant must withstand harsher environments.

Growing Demand of Four Wheel Tractor: Demand for four-wheel tractors will continue to arise from Sumatra and Kalimantan in the future, due to the above-average farm holding size in these regions. The sale of the used tractors is largely unorganized and is difficult to track.

Analysts at Ken Research in their latest publication- “Indonesia Used Tractor Market is Expected to Reach IDR ~170,000 mn by 2027F owing to Digitalisation, Modern Technologies, and Farm Mechanization” by Ken Research provides a comprehensive analysis of the potential of the tractor market in Indonesia. The rising demand for Pre-owned tractors among the population, along with Government Initiatives, is expected to contribute to the market growth over the forecast period. Indonesia Used Tractor Market is expected to grow at a robust CAGR over 2022-2027F.

Key Segments Covered: -

Segmentation on basis of power:

• Less Than 30 HP
• 31-60HP
• 60-100HP
• 100HP+

Segmentation on basis of purpose:

• Agriculture
• Construction

Segmentation on basis of reason:

• Java
• Sumatra
• Sulawesi
• Lesser sunda island

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Segmentation Basis Sale Distribution Channel:

• Offline Channel
• Financial Institution/Auction
• Online Channel

Segmentation Basis Price (THB):

• Less than 70,000,000 IDR
• 70,000,001-100,000,000
• 100,000,001- 150,000,000
• 150,000,001+

Segmentation Basis Usage (hours):

• Less than 500 hours
• 501-1500
• 1501-3000
• 3001-5000+

Key Target Audience

• OEMs
• Multi-Brands
• Online Used Tractor Portals
• Used Tractor Financing Companies
• Government Bodies
• Investors & Venture Capital Firms
• Used Tractor Dealerships
• Used Tractor Manufacturing Companies
• Used Tractor Distributors
• Used Tractor Auction Houses
• Used Tractor Associations

Time Period Captured in the Report:

• Historical Period: 2017-2022P
• Base Year: 2022P
• Forecast Period: 2022–2027F

Companies Covered:

      OEM Companies:

• New Holland
• Traktor Nusantara
• Yanmar
• John Deere
• Kubota
• Cnh Industrial

Market Place/ Classifieds

• Com
• Tokopedia
• Olx Bri
• Com
• Shopee

Finance Companies

• BAF
• Mandiri
• JTO Finance
• Adira Finance

Key Topics Covered in the Report

• Indonesia Used Tractor Market Overview
• Indonesia Agricultural Market Overview
• Indonesia Used Tractor Market
• Market Ecosystem
• Market share of Major Used Tractor Companies, 2022P
• Value chain Analysis
• Detailed Analysis on Indonesia Used Tractor Market
• Market Segmentations; Competition; Future Market Size, 2027)
• Future Trends and the Way Forward
• Snapshot on Climate Change and its impact
• Snapshot on second hand agricultural vehicles
• Snapshot on staple crop of Indonesia
• Future Market Size of Indonesia
• Future Segmentation for Indonesia Used Tractor Market,2027F
• On- Demand Tractor Services
• Analyst Recommendations

For more insights on the market intelligence, refer to the link below: -

Future Outlook of Indonesia Used Tractor Market

Related Reports by Ken Research: -

Thailand Used Tractor Market Outlook to 2027F

Philippines Used Tractor Market Outlook to 2027F

Global UV LED Market Size, Segments, Outlook, and Revenue Forecast 2022-2028: Ken Research

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What is the Expected Future Outlook for the Overall Global UV LED Market Across the globe?

The Global UV LED market was valued at USD ~billion in 2022P and is anticipated to reach USD ~billion by the end of 2028F, witnessing a CAGR of ~% during the forecast period 2022P-2028F. The realistic growth scenario represents the most likely scenario as per current market conditions. This scenario assumes that there will be no overall impact on the market due to any potential COVID-19 waves in the future.

The Global UV LED market is driven by factors such as increasing adoption of smart home devices across countries. The growing trend of horticulture and indoor farming in developing countries. However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries.

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Increasing government energy-saving policies, and strategies are one of the major factors propelling UV LED market growth.

For instance, in August 2022, the U.S. Department of Energy, an executive department of the U.S. federal government, released two reports focused on better understanding the current state and viability of commercial ultraviolet (UV) LED products. First, initial UV LED standards and distinctions with white LEDs, followed by an operating lifetime study of UV LED products.

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With the increasing innovation and technology, the Global UV LED market is changing rapidly. For instance, In May 2022, Fujifilm, a Japanese photography company, launched the Active Hybrid LED UV retrofit system, to be installed on new presses or retrofitted to existing equipment by label and packaging converters. In addition, the system combines high-power, low-heat LED UV curing technologies with Fujifilm's ink expertise to strengthen label production on narrow web presses. Furthermore, in April 2022, Intertronics, a UK-based distribution company, launched its new range of LED UV curing flood lamps, namely the 'DymaxBlueWave FX-1250 LED UV Curing Flood Lamp,' which can cure LED matched UV curable adhesives, coatings, and inks with high uniformity, irradiances UV light.

The Global UV LED Market is forecasted to continue an exponential growth that is witnessed since 2017. The major driving factors contributing to the expansion of UV LEDs is increasing prevalence of water-borne diseases across countries, along with the Increasing government energy-saving policies, and strategies. Though the market is highly competitive with around ~500 participants, few country-niche players control the dominant share and regional players also hold a significant share.

By Product Type

• UV-A
• UV-B
• UV-C

By Application

• Light/UV Curing
• Medical Field
• Disinfection/Purification
• Counterfeit Detection

By End User

• Healthcare
• Residential
• Industrial
• Commercial

By Geography

North America

• S.
• Canada
• Mexico

Europe

• Germany
• UK
• France
• Italy
• Spain
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Australia
• South Korea Rest of Asia Pacific

LAMEA

• Latin America
• Middle East
• Africa

Key Players

• Koninklijke Philips N.V.
• Nichia Corporation
• Nordson Corporation
• Phoseon Technology
• SemiLEDs Corporation
• Seoul Semiconductor Co. Ltd.
• Crystal IS, Inc.
• Lumileds Holding B.V.
• G Electronics
• Sensor Electronics Technology

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

Global UV LED Market Size, Segments, Outlook, and Revenue Forecast 2022-2028: Ken Research

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Adoption of modern farming techniques, increase in demand and the rise of organic food has driven the market for crop protection in Netherlands: Ken Research

 Focus On Increase in Population, Food Security, Demand for Cereals and Organic Farming Are Major Factor Contributing Towards Development of Crop Protection in Netherlands

Rising Demand of Crop Protection Chemicals: The growth of the crop protection chemicals market is influenced by rising demand of fumigants from several end user industries mainly in the agrochemical industry. Crop protection chemicals have majorly contributed to the agricultural because they help protect the agricultural produce from pests.  The increasing demand for crop protection chemicals in the agrochemical industry is anticipated to drive the market's growth rate.

Increasing Demand for Biopesticides: A primary factor boosting growth of the crop protection chemicals market is rapidly surging use of biopesticides. Biopesticides are environment-friendly as they are made of natural materials such as plants, animals, certain minerals, and microorganisms such as bacteria. For instance, products such as baking soda and canola oil are used as biopesticides due to their pesticidal properties. Biopesticides offer several advantages over conventional pesticides as they are relatively less toxic and meet various regulatory criteria in terms of safety.

The Shift in Consumer Behaviour: The growing public awareness of the use of chemicals in food products is a hindrance to industry expansion. Additionally, incorrect use of these goods has led to a rise in illnesses among end users. This is one of the major factors obstructing the growth of the market. To address this issue, the government organizes an awareness campaign among agricultural farmers to inform them of the proper application and quantity of the product. The shift in consumer behaviour toward health consciousness also affects the increase in demand for organically cultivated produce such as fruits and vegetables, for which farmers use bio-pesticides rather than traditional chemicals. As a result, Netherland is using fewer crop protection chemicals.

High Investment in Research and Development: Pests are always a major problem for farmers along with the ever-changing environment. To increase crop yields and reduce the risk of crop damage, pesticides are being developed by several companies. To develop these crop protection chemicals, the companies have invested a huge amount in R&D; and also have collaborated and partnered with many universities, research institutions, and industry experts.

Analysts at Ken Research in their latest publication “Netherland Crop Protection Market Outlook to 2027F - Segmented by Type (Pesticides (Herbicides, Insecticides, Fungicides, others) and Bio-pesticides (Bio-chemical pesticides, Microbial Pesticides, others)) by Crop Type (Cereal, Vegetable and Forage Crops)” by Ken Research observed the potential of the Crop Protection Market in Netherlands. The rising government policies, demand for biopesticides, growing population, increasing focus on food security and increased investment in research and development along with government incentives are expected to contribute to the market growth over the forecast period. The market is expected to grow at a ~% CAGR during 2022-2027F.

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Key Segments Covered:

Netherlands Crop Protection Market:

By Type of Pesticides:

• Herbicides
• Insecticides
• Fungicides
• Biopesticides
• Rodenticides, Plant Growth Regulators, Adjuvants

By Nature of Pesticides:

• Generic
• Patented
• Form of Pesticides
• Liquid
• Granules and Powder

By Market Structure:

• Organized
• Unorganized

By Source:

• Domestic
• Import

By Type of Crops:

• Pulses and Oilseed
• Grains and Cereals
• Fruits and Vegetables
• Commercial Crops
• Turfs and Ornamental

Key Target Audience:

• Crop Protection Companies
• Crop Protection Associations
• International Investors
• Chemical Companies
• International Crop Protection Companies
• Venture Capitalist Firms
• Agrochemical Manufacturers
• Raw Material Suppliers
• Research & Development Institutes
• Government Bodies & Regulating Authorities

Time Period Captured in the Report:

Historical Year: 2017-2022

Base Year: 2022

Forecast Period: 2022– 2027F

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Companies Covered:

• BASF Agro
• Yara Sluiskil
• BASF Agrochemical Products
• Euroliquids
• Transterminal Dordrecht
• Koppert Beheer
• Yara Vlaardingen
• Rosier Nederland
• Everris International
• Healthy Soil
• Corteva
• Syngenta
• Bayer

Key Topics Covered in the Report:

• Overview, Value Chain Analysis and Genesis of Netherland Crop Protection Market
• Netherland Crop Protection Market Size by Revenues, 2017-2022
• Netherland Crop Protection Market Segmentation, 2022
• Trends and Challenges in Netherland Crop Protection Market
• Government Regulations and SWOT Analysis in Netherland Crop Protection Market
• Recent Investment Details (Mergers, Acquisition and Partnerships in Crop Protection Market)
• Competitive Analysis of Major Companies in the Netherland Crop Protection Market
• Company Profiles of Major Players and Distributors in Netherland Crop Protection Market
• Netherland Crop Protection Market Future Outlook and Projections, 2022 – 2027F
• Analyst Recommendations

For more insights on the market intelligence, refer to the link below: –

Future Outlook of Netherland Crop Protection Market

Related Reports by Ken Research: –

Thailand Crop Protection Market

South Africa Crop Protection Market Outlook to 2022

Spain Crop Protection Market

UK Pet Insurance market revenue is expected to grow with a CAGR of ~4.8% between 2023F-2027F owing to adoption of advance technology, high veterinary cost and growing At-home diagnostic: Ken Research

 UK Pet Insurance Market is a moderately fragmented market. The pet insurance market is currently witnessing new entrants that are offering innovative and affordable product. However, the key players in this space are likely to maintain their position in the coming years. For instance, the pet insurance market is largely dominated by a few companies like Many Pets and Petplan, which control a large part of the market, yet in recent years more companies have been coping up and growing themselves such as Petsure, RSPCA, and Napo insurance.

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• In Europe, the UK exhibit highest pet insurance penetration. The major key drivers in the region are high cost of veterinary services and willingness of pet owners to buy pet insurance.
• Pet insurance companies are using artificial intelligence and machine learning to predict a pet’s health trajectory, as well as providing tools that will improve pet wellness and decrease vet care costs.
• Pet insurance grew rapidly during COVID-19 because a lot of people were staying home and they need companions. So, people started keeping pets and taking pet insurance which fueled the growth in the UK pet insurance market.

High Veterinary Costs: With the prevalence of mental illnesses in humans such as clinical depression, anxiety-related issues, personality disorder, and psychotic disorder the demand for companion animal population is increasing. This increase in companion animal population is expected to lead to an increase in the demand for veterinary healthcare services as the veterinary costs are high due to requirement of veterinary doctors, skilled technicians, and specially designed diagnostic equipment.

So, these costs create a need for pet owners to seek options to reduce their out-of-pocket expenditure on veterinary care by taking insurance, thus fueling growth in UK pet insurance market.

Adoption of New Advance Technology: Embedding advance technologies like Artificial Intelligence (AI) within the underwriting process, as it can compare pet activity data with benchmarks of similar breeds and combines them with rating information from industry sources, such as Verisk, which enables them to accurately price an individual pet at the time of quoting. For claims settling, it can predict an accurate reserve based on the type of illness, or even predict a possible customer churn giving insurers the digital advantage to streamline operations, improve customer experience and reduce cost across both these business functions. It can also automate and improve claims processing and can enhances customer interactions and provides more personalized and accurate information. Furthermore, machine learning also allows software to study behavioral analytics and customer data to make more accurate decisions on whether a claim is genuine or not.

Growing At-home diagnostic:  the Covid-19 pandemic has given a boost to the At-home diagnostic solutions, such as telehealth platforms and use of smart pet thermometers. For instance, Mella Pet Care’s thermometer takes pets’ body temperature and displays the result on pet parents’ smart devices while allowing their vet instant access to that data online and prescribe the recommended medicine.

Analysts at Ken Research in their latest publication “UK Pet Insurance Market Outlook to 2027F - Driven by Rising Companion Animal, High veterinary costs and Technology advancement” by Ken Research observed that UK Pet Insurance market is in the growing phase, growing at CAGR of 5.3% between 2017-2022P owning to the increasing companion animal population, adoption of advance technology, rising animal health concerns, high veterinary cost and growing At-home diagnostic. It is expected that UK Pet Insurance market will continue to grow, at a CAGR of 4.8% for the 2022P-2027F forecasted period.

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Key Segments Covered

UK Pet Insurance Market:

By Product Type, 2022P & 2027F: 

• Life Insurance
• Non-Life Insurance

By Insurance Type, 2022P & 2027F: 

• Cover for Life
• Maximum Benefit
• Accident Only (12 months)

By Mode of Distribution, 2022P & 2027F: 

• Direct (Online)
• Others (Broker, Agency, Advertisements etc.)

By Age of Animals, 2022p & 2027F:

• Below 6
• 6 and Above

By Type of Animal (Premium collected), 2022P & 2027F:

• Dog
• Cat
• Others (Rabbit, Horses, Reptile, Birds.)

By Number of Animals, 2022P & 2027F:

• Dog
• Cat
• Others (Rabbit and other Exotic pets.)

Key Target Audience

• Private Insurance Providers
• Public Insurance Providers
• Insurance Agency
• Bancassurance
• Brokers
• Direct Sales
• Related Government Agencies
• New Entrants

Time Period Captured in the Report:

Historical Period: 2017-2022P

Base Year: 2022P

Forecast Period: 2022P – 2027F

Companies Covered:

• Petplan
• Direct line
• More th>n
• Agria
• Many Pets

Key Topics Covered in the Report:

• Country Overview of UK
• UK Pet Insurance Market Overview
• Business Cycle and Genesis of UK Pet Insurance Market
• Ecosystem of UK Pet Insurance Market
• End-to-end process of UK Pet Insurance
• UK Pet Insurance Market Size, 2017-2027F
• Market Segmentation of UK Pet Insurance Market
• Industry Analysis of UK Pet Insurance Market
• SWOT Analysis of UK Pet Insurance Market
• Porter’s Five Forces Analysis
• Growth Drivers of UK Pet Insurance Market
• Challenges in the UK Pet Insurance Market
• Trends and Developments in UK Pet Insurance Market
• Impact of Covid in UK Pet Insurance Market
• End User Analysis
• Cross Comparison of Major Players in UK Pet Insurance Market (Inception, Ownership, Presence, Headquarter, Number of Employees, No. of Subscribers, Awards & Certificates, Partners, Parent Company, Market Share, Claims Processed, Technology, Future plans, Recent Development, strategic initiatives)
• Future Outlook of UK Pet Insurance Market
• Analyst Recommendation

For more insights on the market intelligence, refer to the link below: –

Future Outlook of UK Pet Insurance Market

Related Reports by Ken Research: –

Spain Pet Insurance Market Outlook to 2027F

Sweden Pet Insurance Market Outlook 2027F

Global Green Chemicals Market Revenue is expected to reach nearly US$ 17 billion by 2028: Ken Research

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What Is the Size of Global Green Chemicals Industry?

Global Green Chemicals market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD Bn by 2028F. The Green Chemicals Market is largely driven by the rising concerns regarding the harmful impact of chemicals on the environment coupled with increasing awareness regarding green chemicals.

The stringent government legislation and regulations supporting the use of biochemical such as bioplastics, bioethanol, and others along with growing concern regarding the depletion of fossil fuels vehicles is likely to propel the growth of the global green chemicals market. The global green chemicals market faces challenges due to the lack of commercialization of bio-based products.

Furthermore, the high cost of green chemicals and the availability of substitutes like synthetic chemicals at a much cheaper rate are also expected to restrict the market's growth. The COVID-19 pandemic negatively impacted the green chemicals market due to the disruption in the supply chain. The lockdown leas to the temporary closure of manufacturing facilities and the lack of workers which resulted in limitations in production and complication in raw material procurement. These factors affected the sales of green chemicals.

Global Green Chemicals Market By Type

The Global Green Chemicals market is segmented by type into Bio-Alcohols, Bio, Organic Acids, Bio-Ketones, Biopolymers and Others.

The bio-alcohols segment held the largest share of the global green chemicals market by type in 2022, owing to the increasing use of bio-alcohols like bioethanol as an alternative fuel for spark-ignition engines of vehicles.

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The availability of abundant raw materials, rising crude oil prices, rapid urbanization, and increasing energy consumption are expected to fuel the demand for the global green chemicals market segment.

Global Green Chemicals Market By End-User

The Global Green Chemicals Market is segmented by End- User into Industrial & Chemical, Pharmaceuticals, Food and Beverages, Construction and Others. The industrial & chemical segment accounted for the largest share of the global green chemicals market in 2022, attributed to the growing urbanization and industrialization.

The increase in chemical transparency across the supply chain along with increasing energy demand globally and a ban on the production and usage of hazardous substances is anticipated to aid the growth of the segment in the global green chemicals market.

Market Taxonomy

By Type

• Bio-Alcohols
• Bio-Organic Acids
• Bio-Ketones
• Biopolymers
• Others

By End-User

• Industrial & Chemical
• Pharmaceuticals
• Food and Beverages
• Construction
• Others

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By Geography

• North America (USA, Canada, Mexico)
• Europe (Germany, UK, France, Sweden, Italy)
• Asia-Pacific (China, Japan, South Korea, India, Indonesia, Australia)
• LAMEA (Latin America, Middle East, Africa)

Key Players

• Cargill, Incorporated
• Mitsubishi Chemical Group Corporation.
• BASF SE
• DuPont
• DSM
• Evonik
• Plantic
• Bayer Material Science AG
• Verdant Law
• Arkema

For more insights on the market intelligence, refer to below link:-

Global Green Chemicals Market

KSA Car Finance Market is in Growing Stage, Driven by Banks and NBFCs along with Introduction of Fin-tech Companies

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1. KSA Car Finance Market disbursed total credit worth more than SAR 3 Bn growing at a CAGR of 18.5% over the period 2017-2021.

Entry of women drivers in 2018-19 period led to a boost in Car financing in 2019. The credit disbursed market fell and experienced a downfall in 2020 due to factors like Covid outbreak and semiconductor chip shortage. Automotive sales were also affected by higher shipping costs in 2021 as prices of shipping containers container freight rates have risen steeply. Higher prices were shifted to the consumers leading to increase in credit disbursed.  

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2. The Kingdom of Saudi Arabia sold ~470k units of passenger car sales in 2021 which is expected to reach ~540k by 2026F

Nearly two in eleven Saudi Arabians use cars for their daily commute to and from work. 4Ws are primarily a utilitarian choice for people rather than an aspirational or lifestyle choice. On an average nearly 1,320 cars were sold in the country every day in 2021. The weighted average price of passenger cars in KSA is $26,910 in 2021.  

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3. Car Finance Companies need to shift their focus to more customer Centric Approach to generate more sales and to grow business 

• Many customers get frustrated and drop out of the financing process when they encounter a complicated finance application, Instead, they want a quick and easy financing process and control over the experience. 

• Customers have grown accustomed to digital information in other industries, such as telecom and banking products, and they now want to start their car buying journeys online.

• By doing business online, car finance lenders can tap into rich data about the customer. Through proper data analysis, lenders can even predict customer needs. 

• Today’s shoppers view a car loan or lease simply as a method of payment: The car is the product they are focused on. For that reason, it’s important to provide a financing process that is closely intertwined with the car buying process. 

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

KSA Car Finance Market Outlook to 2026F: Ken Research

Rising awareness, rapid urbanization and domestic manufacturing are expected to provide a boost to the Australia Plastic Pipes Market: Ken Research

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Ecosystem of Plastic Pipes Market in Australia

Australia Plastic Pipes Market is at growing stage and has consolidated market. Top three players which include Iplex Pipelines, Vinidex and Pipemakers. Iplex Pipelines, Australia is the biggest manufacturer of plastic pipes and fittings in the country. It is followed by Vinidex and Pipemakers. The manufacturers compete more on the basis of quality of the products and product availability in the wholesale and retail outlets and product customization at the time of bulk orders and price.

Key Findings

• Rapid urbanization, increasing disposable income of the middle-class population, rising private & public investment are expected to boost the residential construction in Australia.
• Increase in government initiatives to rebuild older buildings for high-rise buildings is expected to increase the sewerage treatment projects in the country owing to which there is need of better piping to ensure water delivery.
• The domestic manufacturing is expected to increase in the near future. In the case of end user application, plastic pipes used in plumbing and civil applications along with application in oil and chemical industry are expected to increase at fastest pace among other end user applications.

Increasing Awareness about Benefits of Plastic Pipes: The plastic pipes and shapes market are expected to benefit from the rising awareness of advantages of plastic pipes and fittings over their substitutes. Plastic pipes and fittings are lighter in weight and cheaper than traditionally used metal pipes, and they do not rust or corrode. Plastic pipes also have insulative properties, which prevent the forming of condensation on pipes carrying cold water and decrease the heat loss in pipes carrying hot water. Other benefits of plastic pipes include quick installation times and long service life. The installation time for a PVC pipe was around 30% faster than a concrete pipe of the same size.  These factors are likely to boost the demand for plastic pipes and shapes and drive the market going forward.

Increasing Urbanization: With this large and growing population, the demand for expansion of infrastructure and the construction of new building is also rising as more people are moving from rural to Urban cities. This is creating demand for infrastructure such as water supply and drainage system, gas supply system and sewage treatment plants etc., thus fueling the growth in plastic pipe industry of Australia. Furthermore, The Australian government effort to promote housing industrialization will also contribute to the growth of plastic pipe industry as plastic pipe are often used in these projects because of their lightweight, corrosion resistance and ease of installation.

Antimicrobial Additives for Plastic Pipes: Construction companies are increasingly using antimicrobial additives for plastic pipes to improve hygiene. There are rising concerns about the consumption of drinking water distributed through PVC and PEX pipes used in residential and commercial buildings. The concerns are mainly about the leaching of chemicals that can give water a plastic taste and the leaching of bacteria that can inhibit the growth of waterborne diseases. Antimicrobial additives prevent leakage of chemicals into the drinking water supply and inhibit the growth of major sources of waterborne diseases such as harmful bacteria, fungi, mold and algae.

Analysts at Ken Research in their latest publication “Australia Plastic Pipe Market Outlook to 2027F – Segmented By PVC, PE and Others Pipes, By Organized and Unorganized, By Regions and By End User Application (Plumbing and Civil, Agriculture, Mining and Industrial, Telecom and Electrical and Others)” by Ken Research observed that plastic pipes market is an emergent hardware market in Australia at a growing stage from the economic crisis after pandemic. The rising government policies and demand for PVC pipes, infrastructural development along with government initiatives is expected to contribute to the market growth over the forecast period. The market is expected to grow at a ~% CAGR during 2022-2027F owing to the rise in economy of the country, increasing technology and new government policies.

Key Segments Covered in the report:

Australia Plastic Pipes Market

• By End User Application
• Plumbing and Civil
• Agriculture
• Mining and Industrial
• Telecom and Electrical
• Others (Oil & Gas, HVAC, Automotive and other related industries)

• By Type of Pipes
• PVC (CPVC and UPVC)
• Polyethylene (PE) (HDPE, MDPE, LDPE)
• Others (Include Polypropylene pipes, ABS, Polyvinylidene fluoride (PVDF), PB Etc.)

Request for Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MjYx

• By Type of Market Structure
• Organized Sector
• Unorganized Sector

Key Target Audience:

• Plastic Resin Suppliers
• Plastic Pipe and Fitting Manufacturing Companies
• Oil and Gas Industry
• Government Bodies
• Real Estate developers
• Agriculture Sector Companies

Time Period Captured in the Report:

• Historical Period: 2017-2022
• Base Year: 2022
• Forecast Period: 2022-2027F

Ask for Customization @ https://www.kenresearch.com/ask-customization.php?Frmdetails=NTk2MjYx

Companies Covered:

• Iplex Pipelines Pty Ltd
• Vinidex Pty Ltd
• Pipemakers Pty Ltd
• David Moss Corporation
• Reliance Worldwide Corporation (Aust. Pty Ltd)
• Philmac Pty Ltd
• Pipekings Pty Ltd (Australian Plastic Profile)

Key Topics Covered in the Report:

• Overview of Australia Plastic Pipe and Fitting Market
• Value chain analysis
• Australia Plastic Pipe and Fitting Market Size by Revenue
• Major Players in the Australia Plastic Pipe and Fitting Market
• Market Segmentation by Type of Pipe (PVC, PE and Others) and By End User Application (Plumbing and Civil, Agriculture, Mining and Industrial, Telecom and Electrical and Others)
• Government Regulations and Standards
• Growth Drivers and Restraints
• Company profile of Major Manufacturers (Iplex Pipelines Pty Ltd, Vinidex Pty Ltd., Pipemakers Pty Ltd, David Moss Corporation, Reliance Worldwide Corporation (Aust. Pty Ltd), Philmac Pty Ltd, Pipekings Pty Ltd (Australian Plastic Profile)
• Future Outlook
• Analyst Recommendation

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

Australia Plastic Pipe Market Outlook to 2027F: Ken Research

Related Reports:

Indonesia Plastic Pipes and Fittings Market Outlook to 2025 – By Type of Pipe (PVC, HDPE, and PP and PVDF) and By End User Application (Water Supply and Irrigation, Sewage, Mining, Cable Protection and Others)

Europe Plastic Pipes and Fittings Market Outlook to 2021 - Growing Sewage Sector and Construction Activities to Foster Future Growth

India Plastic Pipes and Fittings Market Forecast to 2026 - By PVC Pipes (UPVC and CPVC Pipes), by Applications (Irrigation, Sewerage, Water Supply and Plumbing and Borewell Application), by Organized and Unorganized Sector and by regions

Global Biodegradable Plastic market is forecasted to reach a market size of ~US$ 12 billion by 2028: Ken Research

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What Is the Size of Global Biodegradable Plastic Industry?

Global Biodegradable Plastic market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD Bn by 2028F. The Biodegradable Plastic Market is largely driven by Increasing consumer awareness regarding eco-friendly plastic solutions and rising efforts to reduce the use of conventional plastics

The major challenge faced by the market is the high price of biodegradable plastics as compared to traditional polymers. Biodegradable plastics are typically 20-80% more expensive to manufacture than conventional plastics, due to the high polymerization cost of such plastics. Higher costs of these plastics hinder the market growth.

Growing piles of garbage and landfills have become a major environmental disaster, with many negative impacts on ecosystem flora and fauna. Growing consumer awareness of the effects encourage the use of biodegradable plastics. Hence, shifting consumer preference toward using environmentally friendly plastic products, driving the market for biodegradable plastics. The COVID-19 pandemic has disrupted supply chains on both supply and demand sides, which negatively impacted many manufacturing and service industries such as consumer goods, packaging, textiles, agriculture, and horticulture. The closure of biodegradable plastic manufacturing plants and the irregular supply of raw materials required for production hindered the industry growth in 2019-2020.

Global Biodegradable Plastic Market By Product Type

The Global Biodegradable Plastic market is segmented by Product type into Starch Based, Polylactic acid (PLA), Polyhydroxyalkanoates (PHA), Polybutylene Adipate Co-terephthalate (PBAT), Poly Butylene Succinate (PBS) and Others. The starch-based segment held the largest market share in the global biodegradable plastics market in 2022, owing to its wide area of applications such as packaging, automobiles, and agriculture.

Rising demand for starch-based bioplastics in the packaging industry due to their low toxicity and versatile behavior. This type of bio-based plastic is the perfect substitute for petroleum-based polymers.

Global Biodegradable Plastic Market By End-User

The Global Biodegradable Plastic Market is segmented by End-User into Packaging, Agriculture, Consumer Goods, Textiles, Healthcare and Others. The packaging segment held the largest market share in the global biodegradable plastics market in 2022, due to rising consumer demand for durable green packaging materials for food, beverages, and other products.

In the packaging industry, conventional plastics are being replaced by bio-based plastics for making boxes, wraps, cups, and plates, which is supporting the growth of the biodegradable plastic market. For instance, EnviGreen, an Indian manufacturer of edible and 100% biodegradable plastic bags, launched ‘EnviGreen bags’ which have the capability to break down completely in 15 seconds if placed in the boiling water.

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Global Biodegradable Plastic Market By Geography

The Global Biodegradable Plastic market is segmented by geography into North America, Europe, Asia- pacific and LAMEA. Europe held the largest market share among all other regions within the Global Biodegradable Plastics Market in 2022, due to high awareness among people toward plastic waste. A complete ban imposed on single-use plastics by the European government is the major reason for the bio-based plastic materials to grow in the region.

The region is expected to lead the biodegradable plastics market over the forecast period owing to the fast implementation of plastic restriction policies, and the presence of advanced standards and certification systems to check the biodegradability of plastic materials. Growing economies like China and India have implemented severe regulations on conventional plastics utilization and major manufacturers in the countries are introducing sustainable packaging solutions like bio-based products, which is estimated to drive market growth.

Market Taxonomy

By Product Type

• Starch Based
• Polylactic acid (PLA)
• Polyhydroxyalkanoates (PHA)
• Polybutylene Adipate Co-terephthalate (PBAT)
• Poly Butylene Succinate (PBS)
• Others

By End-User Segment

• Packaging
• Agriculture
• Consumer Goods
• Textiles
• Healthcare
• Others

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By Region

• North America
  • USA
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • South Korea
  • India
  • Indonesia
  • Australia Rest of Asia Pacific
• LAMEA
  • Latin America
  • Middle East
  • Africa

Key Players

• BASF SE
• Belmont Packaging Ltd.
• Danimer Scientific
• Eastman Chemical Company
• Mitsubishi Chemical Corporation
• NatureWorks LLC
• Novamont S.p.A.
• Plantic
• TORAY INDUSTRIES, INC.
• TotalEnergies Corbion
• PTT Global Chemical Public Company Limited
• FKuR

For more insights on the market intelligence, refer to below link:-

Global Biodegradable Plastics Market

Rising awareness, rapid urbanization and domestic manufacturing are expected to provide a boost to the Australia Plastic Pipes Market: Ken Research

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Ecosystem of Plastic Pipes Market in Australia

Australia Plastic Pipes Market is at growing stage and has consolidated market. Top three players which include Iplex Pipelines, Vinidex and Pipemakers. Iplex Pipelines, Australia is the biggest manufacturer of plastic pipes and fittings in the country. It is followed by Vinidex and Pipemakers. The manufacturers compete more on the basis of quality of the products and product availability in the wholesale and retail outlets and product customization at the time of bulk orders and price.

Key Findings

• Rapid urbanization, increasing disposable income of the middle-class population, rising private & public investment are expected to boost the residential construction in Australia.
• Increase in government initiatives to rebuild older buildings for high-rise buildings is expected to increase the sewerage treatment projects in the country owing to which there is need of better piping to ensure water delivery.
• The domestic manufacturing is expected to increase in the near future. In the case of end user application, plastic pipes used in plumbing and civil applications along with application in oil and chemical industry are expected to increase at fastest pace among other end user applications.

Increasing Awareness about Benefits of Plastic Pipes: The plastic pipes and shapes market are expected to benefit from the rising awareness of advantages of plastic pipes and fittings over their substitutes. Plastic pipes and fittings are lighter in weight and cheaper than traditionally used metal pipes, and they do not rust or corrode. Plastic pipes also have insulative properties, which prevent the forming of condensation on pipes carrying cold water and decrease the heat loss in pipes carrying hot water. Other benefits of plastic pipes include quick installation times and long service life. The installation time for a PVC pipe was around 30% faster than a concrete pipe of the same size.  These factors are likely to boost the demand for plastic pipes and shapes and drive the market going forward.

Increasing Urbanization: With this large and growing population, the demand for expansion of infrastructure and the construction of new building is also rising as more people are moving from rural to Urban cities. This is creating demand for infrastructure such as water supply and drainage system, gas supply system and sewage treatment plants etc., thus fueling the growth in plastic pipe industry of Australia. Furthermore, The Australian government effort to promote housing industrialization will also contribute to the growth of plastic pipe industry as plastic pipe are often used in these projects because of their lightweight, corrosion resistance and ease of installation.

Antimicrobial Additives for Plastic Pipes: Construction companies are increasingly using antimicrobial additives for plastic pipes to improve hygiene. There are rising concerns about the consumption of drinking water distributed through PVC and PEX pipes used in residential and commercial buildings. The concerns are mainly about the leaching of chemicals that can give water a plastic taste and the leaching of bacteria that can inhibit the growth of waterborne diseases. Antimicrobial additives prevent leakage of chemicals into the drinking water supply and inhibit the growth of major sources of waterborne diseases such as harmful bacteria, fungi, mold and algae.

Analysts at Ken Research in their latest publication “Australia Plastic Pipe Market Outlook to 2027F – Segmented By PVC, PE and Others Pipes, By Organized and Unorganized, By Regions and By End User Application (Plumbing and Civil, Agriculture, Mining and Industrial, Telecom and Electrical and Others)” by Ken Research observed that plastic pipes market is an emergent hardware market in Australia at a growing stage from the economic crisis after pandemic. The rising government policies and demand for PVC pipes, infrastructural development along with government initiatives is expected to contribute to the market growth over the forecast period. The market is expected to grow at a ~% CAGR during 2022-2027F owing to the rise in economy of the country, increasing technology and new government policies.

Key Segments Covered in the report:

Australia Plastic Pipes Market

• By End User Application
• Plumbing and Civil
• Agriculture
• Mining and Industrial
• Telecom and Electrical
• Others (Oil & Gas, HVAC, Automotive and other related industries)

• By Type of Pipes
• PVC (CPVC and UPVC)
• Polyethylene (PE) (HDPE, MDPE, LDPE)
• Others (Include Polypropylene pipes, ABS, Polyvinylidene fluoride (PVDF), PB Etc.)

Request for Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MjYx

• By Type of Market Structure
• Organized Sector
• Unorganized Sector

Key Target Audience:

• Plastic Resin Suppliers
• Plastic Pipe and Fitting Manufacturing Companies
• Oil and Gas Industry
• Government Bodies
• Real Estate developers
• Agriculture Sector Companies

Time Period Captured in the Report:

• Historical Period: 2017-2022
• Base Year: 2022
• Forecast Period: 2022-2027F

Ask for Customization @ https://www.kenresearch.com/ask-customization.php?Frmdetails=NTk2MjYx

Companies Covered:

• Iplex Pipelines Pty Ltd
• Vinidex Pty Ltd
• Pipemakers Pty Ltd
• David Moss Corporation
• Reliance Worldwide Corporation (Aust. Pty Ltd)
• Philmac Pty Ltd
• Pipekings Pty Ltd (Australian Plastic Profile)

Key Topics Covered in the Report:

• Overview of Australia Plastic Pipe and Fitting Market
• Value chain analysis
• Australia Plastic Pipe and Fitting Market Size by Revenue
• Major Players in the Australia Plastic Pipe and Fitting Market
• Market Segmentation by Type of Pipe (PVC, PE and Others) and By End User Application (Plumbing and Civil, Agriculture, Mining and Industrial, Telecom and Electrical and Others)
• Government Regulations and Standards
• Growth Drivers and Restraints
• Company profile of Major Manufacturers (Iplex Pipelines Pty Ltd, Vinidex Pty Ltd., Pipemakers Pty Ltd, David Moss Corporation, Reliance Worldwide Corporation (Aust. Pty Ltd), Philmac Pty Ltd, Pipekings Pty Ltd (Australian Plastic Profile)
• Future Outlook
• Analyst Recommendation

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

Australia Plastic Pipe Market Outlook to 2027F: Ken Research

Related Reports:

Indonesia Plastic Pipes and Fittings Market Outlook to 2025 – By Type of Pipe (PVC, HDPE, and PP and PVDF) and By End User Application (Water Supply and Irrigation, Sewage, Mining, Cable Protection and Others)

Europe Plastic Pipes and Fittings Market Outlook to 2021 - Growing Sewage Sector and Construction Activities to Foster Future Growth

India Plastic Pipes and Fittings Market Forecast to 2026 - By PVC Pipes (UPVC and CPVC Pipes), by Applications (Irrigation, Sewerage, Water Supply and Plumbing and Borewell Application), by Organized and Unorganized Sector and by regions