Future Outlook of France Vehicle Finance Market: Ken Research

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Need of Owning a Vehicle: During the projected period, the country is likely to give many growth prospects for market vendors. As a result, the market may expand significantly. Another key aspect influencing the region's auto finance sector is increased customer preference for having a car versus taking public transport. An automobile, which was long considered a prestige symbol, has suddenly become a necessity. The automobile sector has grown at an exponential rate since its start.

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Easy Availability of Credit: Non-banking financial organizations provide automobile financing with less severe loan qualifying standards and flexible payback terms, attracting people to acquire a car. The provision of easy access to credit, generally by a bank or some other type of financial organization, allows consumers to pay the dealer or manufacturer even if they do not have the money, allowing them ownership without paying the whole cost at once.

Launch of New Models: Excessive investments in autonomous vehicles, as well as rapid financing from dealers, banks, and credit unions, will most certainly contribute to the expansion of the automotive finance business in the long run. The expanding practise of upgrading to newer automotive models, which improves vehicle sales and consumer demand for a shorter vehicle cycle, presents opportunities for car financiers. Car dealership buyback schemes and OEM warranty plans that need refinancing will almost certainly provide new opportunities in the automotive financing business.

Analysts at Ken Research in their latest publication "France Car Finance Market Outlook to 2027F" Driven by Growth in easy availability of credit and Rising Sales of vehicles in the Country. The introduction of new models, along with technological advancement in financing and implementation of favorable government rules & regulations is expected to contribute to the market growth over the forecast period. The France Car Finance Market is expected to grow at ~% CAGR over the forecasted period 2022-2027F.

Key Segments Covered in the report: -

        By New and Used Vehicle, 2022 and 2027

• New Vehicle
• Used Vehicle

By Type Vehicle, 2022 and 2027

• Passenger Cars
• Light Trucks

By Lender Category, 2022 and 2027

• Banks
• Captives and BHPH
• Credit Unions
• Private Finance Companies

By Risk Category between New and Used Vehicles, 2022 and 2027

• Super Prime
• Prime
• Non-prime
• Sub-prime
• Deep Sub-rime

By Loan Tenure between New and Pre-Owned Motor Vehicles, 2022 and 2027

• Less than 3 Years
• Three Years
• Four Years
• Five Years
• Six Years
• Seven Years or more

Key Target Audience

• Existing Auto Finance Companies
• Banks
• Captive Finance Companies
• Credit Unions
• Private Finance Companies
• New Market Entrants
• Government Organizations
• Investors
• Automobile Associations
• Automobile OEMs

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Time Period Captured in the Report:

• Historical Period: 2017-2021
• Base Period: 2022
• Forecast Period: 2023-2027F

Companies Covered:

Banks

• Cetelem
• Cofinoga
• Floa Bank
• Younited Credit
• Carrefour Banque

Captives, Credit Unions and Finance Companies

• PSA Banque France
• Hyundai auto finance
• BMW Group Financial Services
• Nissan Motor Acceptance Corporation
• GM Financial
• Credit Acceptance

Key Topics Covered in the Report

• Executive Summary
• Research Methodology
• France Vehicle Finance Market Evolution
• France Vehicle Finance Market Overview and Genesis
• France Vehicle Finance Market Ecosystem
• France Vehicle Finance Market Value Chain Analysis
• France Vehicle Finance Market Size
• France Vehicle Finance Market Segmentation
• Major Trends and Development in France Vehicle Finance Market
• Regulatory Framework in the France Vehicle Finance Market
• Snapshot on Digitization of Vehicle Finance in France
• Customer Perspective in France Vehicle Finance Market
• Competitive Landscape containing Company and Product Profiles in the France Vehicle Finance Market
• France Vehicle Finance Market Future Outlook and Projections
• Analyst Recommendations for the France Vehicle Finance Market
• Products

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Future Outlook of France Vehicle Finance Market

Related Reports by Ken Research: -

US Vehicle Finance Market Outlook to 2023

Indonesia Car Finance Market Outlook to 2024

Global Seed Treatment Market Outlook, and Revenue Forecast: Ken Research

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What Is the Size of Global Seed Treatment Industry?

Global Seed Treatment market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD Bn by 2028F.

The Seed Treatment Market is largely driven by rising demand of the seeds as it offers low-cost protection against diseases and soil-borne organisms and protects weak seeds, resulting in improved germination.

Another major factor, driving the agriculture industry to adopt Seed Treatment measures, is its capacity to empower seeds to fight against unfavourable weather conditions. Such unfavourable weather conditions might result in cold and damp soils or extremely dry soils that encourage the breeding, growth, and development of fungi spores. For instance, in the United States, in 2010 and 2012, high night time temperatures had an immensely negative impact on corn

yields. Similarly, premature budding caused by a warm winter resulted in losses worth US$220 million of cherries in Michigan in 2012.

Furthermore, Ingredients used in Seed Treatment products are harmful to humans, animals, and also to seeds in some cases. Treated seeds that go unsold cannot be used as animal feed. The limiting peripheral or ancillary use of these treated seeds often hampers the scalability of the market. Treating the seeds at the correct dosage rate is also critical to the treatment’s success. For instance, seeds with high moisture percentage can get easily damaged when treated with concentrated liquid products.

Global Seed Treatment Market by Type

The Global Seed Treatment Market is segmented by Type into Chemical and Non-Chemical.

According to Ken Research’s analysis, the majority of the seed treatment procedures are carried out through the Chemical route.

Chemical treatment of seeds can be done by applying insecticides, fungicides, or nematicides, including fumigants, carbamates, etc. Non-chemical or biological seed protection processes involve bio-insecticides, bio-fungicides, and bio-nematicides.

According to the observations put out by the Iowa State University, fungicide seed treatment can be beneficial for seeds with less than 80% germination rate. These types of seeds are typically considered to be of low vigor. Fungicides are also considered effective treatment tools when seeds are planted early in cold or wet soils and reduced till and no-till fields.

Global Seed Treatment Market by Treatment

The Global Seed Treatment Market is segmented by Treatment into Seed Dressing, Seed Coating and Seed Pelleting.

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The seed coating segment is estimated to occupy the largest market share in 2022 as far as treatment/application techniques are concerned.

The techniques of seed dressing involve treating crop seeds with fungicides and/or insecticides so that they are well-equipped to fight out the fungal diseases and insects that attack from both below and above ground. The process of seed coating implies covering the seeds with manageable amounts of exogenous materials. Film coating or microbial coating are popular seed coating types. Finally, in the process of Seed Pelleting, inert materials are added to the seeds to increase their weight, size, or shape.

Global Seed Treatment Market by Crop

The Global Seed Treatment Market is segmented by Crop into Grains and Cereals, Oilseeds and Pulses, Fruits and Vegetables and Other Crop Types (Forages, Alfalfa, Flower seeds, etc.).

The Cereal and Grains segment is expected to emerge as the largest crop segment as far as the application of seed treatment techniques is concerned.

Production in the World Cereal Market, according to the data provided by the Food and Agriculture Organization of the United Nations (FAO), almost 2,645 million tons of cereals were produced during the 2018-2019 period, and the production was estimated to cross the mark of 2,800 million tons in 2022.

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Global Seed Treatment Market by Formulation

The Global Seed Treatment market is segmented by Formulation into Liquid Formulation and Dry Formulation.

Although the liquid formulation segment is expected to account for the largest share in 2022, the dry formulation segment is estimated to witness faster growth during the forecasted period. 

There are several types of liquid formulations that agriculturists try out on a regular basis for a range of crop seed types. For instance, soaking paddy seeds in 1% Potassium Chloride solution for 12 hours helps improve the germination potential. A similar outcome is achieved when Sorghum seeds are soaked in Sodium Chloride and Potassium Dihydrogen Phosphate solutions for 12 hours. Dry formulation seed treatments, on the other hand, help maintain the integrity of seed coatings. The growth in this segment is driven by the utilitarian benefits of the process: it is easy to apply and store and comes at a low cost.

Market Taxonomy

By Type         

• Chemical
• Non-Chemical

By Treatment / Application Technique

• Seed Dressing
• Seed Coating
• Seed Pelleting

By Crop         

• Grains and Cereals
• Oilseeds and Pulses
• Fruits and Vegetables
• Other Crop Types (Forages, Alfalfa, Flower seeds, etc.)

By Formulation         

• Liquid Formulation
• Dry Formulation

By Function  

• Seed Protection
• Seed Enhancement

By Region     

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

Key Companies        

• Adama Agricultural Solutions
• Bayer AG
• BASF
• Syngenta AG
• Sumitomo Chemical Co., Ltd.
• Dow
• Corteva, Inc.
• Croda International Plc.
• Nufarm
• Novozymes A/S

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

Global Seed Treatment Market Size, Segments, Outlook, and Revenue Forecast 2022-2028: Ken Research

Global Hand Dryers market expected to record a CAGR of ~8% during the forecast period (2017-2028): Ken Research

 What Is The Size Of Global Hand Dryers Industry?

Global Hand Dryers market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD Bn by 2028F.

The Hand Dryers Market is largely driven by increasing individual awareness regarding health and hygiene, following the outbreak of the Covid-19 pandemic and rapid urbanization.

The increasing technological advancement and adaptation of products that are energy-intensive, environmentally sustainable, and pollutant-free is becoming a global priority, especially in the ongoing COVID-19 pandemic. This is boosting the demand for hand dryers worldwide to prevent the spread of the virus.

Rising government initiatives and inclination toward smart infrastructure in emerging countries, including Brazil, India, China, and Mexico are likely to boost the adoption of hand dryers. For instance, according to Swiss Re, a Swiss insurance company, emerging economies will invest USD 2.2 trillion in infrastructure annually over the next 20 years, amounting to 3.9% of GDP.

Furthermore, after pandemic when the governments lifted the lockdown restrictions, numerous industrial operations, such as commercial complexes, airports etc resumed their operations, resulting in a significant increase in the use of hand dryers to maintain social distance, thus fueling growth in Hand Dryers industry globally.

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Global Hand Dryers Market By Product Type

The Global Hand Dryers market is segmented by Product Type into Hot Hand Dryers and Jet Hand Dryers.

The jet hand dryers segment dominated the market for hand dryers in 2022.

Jet hand dryers are more efficient than hot hand dryers as they consume less energy and require less drying time.

In addition, they are being largely installed in food-processing plants, airports, hotels, restaurants, shopping malls, hospitals, and office buildings as they are more hygienic, quick and effective, economically viable, silent, and comfortable

Global Hand Dryers Market By Mode Of Operation

The Global Hand Dryers Market is segmented by Mode of Operation into Push-Button and Automatic.

The automatic segment held the largest market share of the global hand dryers market in 2022.

The growth is mainly attributed to its energy efficiency, ease of maintenance, and cost-effectiveness.

In addition, it also cuts down the need for the human touch to dry hands, reducing the spread of germs that could be left on the dryer, which is the major factor driving the growth of this segment.

Furthermore, the outbreak of the COVID-19 pandemic accelerated the adoption of automatic hand dryers for contactless hand-drying experiences, which aids in the prevention of virus spread.

Global Hand Dryers Market By End-User

The Global Hand Dryers market is segmented by End-User into Hotels & Restaurant, Airports, shopping malls, Hospitals, Office Buildings and Others.

The hotels & restaurants segment accounted for the majority share of the global hand dryers’ market in 2022.

The continuous development and improvement of infrastructure across countries have increased the number of hotels and restaurants equipped with advanced techniques and facilities, which is fueling the demand for hand dryers.

Furthermore, the increase in tourism activities worldwide is one of the major factors contributing to the growth of this segment.

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Key Topics Covered in the Report

• Snapshot of Global Hand Dryers Market
• Industry Value Chain and Ecosystem Analysis
• Market size and Segmentation of Global Hand Dryers Market
• Historic Growth of Overall Global Hand Dryers Market and Segments
• Competition Scenario of the Market and Key Developments of Competitors
• Porter’s 5 Forces Analysis of Global Hand Dryers Industry
• Overview, Product Offerings, and Strength & Weakness of Key Competitors
• Covid-19 Impact on the Overall Global Hand Dryers Market
• Future Market Forecast and Growth Rates of the Total Global Hand Dryers Market and by Segments
• Market Size of Product Type, Mode of Operations, Technology, and End User Segments with Historical CAGR and Future Forecasts
• Analysis of Global Hand Dryers Market
• Major Production/Supply and Consumption/Demand Hubs within Each Region
• Major Region-Wise Historic and Future Market Growth Rates of the Total Market and Segments
• Overview of Notable Emerging Competitor Companies within Each Region 

Major Companies Profiled in the Report

• World Dryer
• American Specialties Inc.
• Dyson
• Mitsubishi Electric Corporation
• Panasonic Holdings Corporation
• Excel Dryer
• Euronics Industries Pvt Ltd
• Hokwang Industries Co., Ltd.
• Bobrick Washroom Equipment, Inc.
• Jaquar India
• Saniflow Hand Dryer Corporation
• SPL NZ

Notable Emerging Companies Mentioned in the Report

• Palmer Fixture Company
• Electrostar
• SPL Ltd.
• Taishan Jieda Electrical Co. Ltd
• TOTO LTD.
• Bio Jetdrier
• The Hygiene Company
• Warner Howard Limited

Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report

• Electric Appliance Companies
• Household Appliance Companies
• Consumer Electronics Products Manufacturers
• Technology Providers for hand Dryers
• Components (Electric Motor, the Fan Blade, Copper Wiring) Manufacturers
• Global Healthcare Agencies (WHO, Meditech, CDC)

Period Captured in the Report

• Historical Period: 2017-2021
• Forecast Period: 2022E-2028F

For More Information on the Research Report, refer to below links: –

Global Hand Dryers Market

Global Wax Market is expected to reach a market size of US$ 14 billion by 2028 growing with a CAGR of 5%: Ken Research

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What Is the Size of Global Wax Industry?

Global Wax market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD Bn by 2028F.

The Wax Market is largely driven by growing demand for wax in various industries for its superior properties like high gloss acting as water and chemical resistance.

Increasing demand for wax from the candle and packaging industry and increasing consumer concern towards the adoption of bio-based wax is driving the growth of the Global Wax Market.

The increasing consumer concern about the adverse effect of the chemical products such as polymer wax, and paraffin wax in the cosmetics industry is leading to the increase in demand for bio-based wax. 

Fluctuations in raw material prices, USA-China trade war conflicts, and the rising cost of synthetic and bio-based waxes are major challenges for the Global Wax Market. The price and supply volatility of crude oil impacts the growth of petroleum wax, as the petroleum wax is separated from a wax oil mixture by centrifuging it at a lower temperature.

Furthermore, COVID-19 negatively impacted the Global Wax Market. The COVID-19 pandemic led to the partial or complete shutdown of production activities in various industrial areas such as packaging, cosmetics, and candle making. Supply chain disruption affected the logistics of raw materials. As a result, production declined for various industries which depended on wax.

Global Wax Market by Product Type

The Global Wax Market is segmented by Product type into Petroleum and Mineral Wax (Paraffin Wax and Microcrystalline Wax), Synthetic Wax (Gas to Liquid Wax and Polymer Wax), Natural Wax (Beeswax and Vegetable Wax).

The petroleum and mineral wax segment held the largest market share in 2022 of the Global Wax Market according to Ken Research analysis.

The growth is primarily attributed to the growing demand for petroleum and mineral wax from different end-user sectors such as lighting, packaging, cosmetics, pharmaceutical, and coatings.

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Global Wax Market by Application

The Global Wax Market is segmented by Application into Candles, Packaging, Wood & Fire Logs, Plastic & Rubber, Adhesive, Cosmetics, Pharmaceuticals and Others (Rheology, Soap wax, Floor Polishes).

The candle segment held the largest market share in 2022, owing to the growing demand for aromatherapy through scented candles.

The use of candles has become a critical household essential, for relaxation, stress reduction, and home decor. The increasing number of distribution channels such as decor, mass merchandise stores, and e-commerce platforms aided the demand for candles worldwide.

Global Wax Market by Geography

The Global Wax Market is segmented by geography into North America, Europe, Asia- pacific and LAMEA.

Asia Pacific is expected to account for the largest share among all regions within the total wax market, during the forecast period 2022-2028

The growth is primarily due to the rising living standards and increasing industrialization, specifically in countries like China and India. The low labor, raw material, and operational costs are also major factors propelling the growth in the Asia Pacific region. The region’s usage of cosmetic and personal care goods is expanding owing to the result of increased attention on personal appearance, and an aging population.

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China is one of the largest producers, consumers, and importers of wax, and India is one of the largest producers of beeswax in the world. India has the potential to keep 200 million bees council capable of producing over 15 kilotons of beeswax, according to the Economic Advisory Council Beekeeping Development Report 2019.

By Product Type

Petroleum and Mineral Wax

• Paraffin Wax

• Microcrystalline Wax

Synthetic Wax

• Gas to Liquid Wax

• Polymer Wax

Natural Wax

• Beeswax

• Vegetable Wax

By Application

• Candles

• Packaging

• Wood & Fire Logs

• Plastic & Rubber

• Adhesive

• Cosmetics

• Pharmaceuticals

• Others (Rheology, Soap wax, Floor Polishes)

By Geography

North America

• USA

• Canada

• Mexico

Europe

• France

• Italy

• Germany

• Spain

• UK

Asia Pacific

• China

• India

• Japan

• South Korea

• Australia

LAMEA

• Latin America

• Middle East

• Africa

Key Players

• Sasol Ltd.

• BASF SE

• Exxon Mobil Corporation

• Sinopec Corp

• Holly Frontier Corporation

• Royal Dutch PLC

• Honeywell International Inc.

• Baker Huges Company

• Mitsui Chemicals Inc.

• Nippon Seiro Co., Ltd

• China National Petroleum Corporation

• BP PLC.

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

Global Silicone Sealants market revenue to reach US$ 7 Bn by 2028: Ken Research

 Global Silicone Sealants Market By Geography

The Global Silicone Sealants market is segmented by geography into North America, Europe, Asia- pacific and LAMEA.

Asia Pacific accounted for the largest market share in the Global Silicone Sealants Market in 2022.

With the rise in the construction industry, the thermoset and RTV sealants market segments in the region are expected to rise significantly. Growth in the market is predicted to be aided by the expanding construction sector in the area and RTV's capacity to seal joints in structures across a range of substrates without causing construction components to lock.

Additionally, these sealants possess low maintenance, reduce long-term expenses, and increase building stability and longevity, all of which contribute to the market's expansion.

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Competition Scenario In Global Silicone Sealants Market

The global silicone sealants industry is highly competitive with ~200 players which include globally diversified players, regional players as well as a large number of country-niche players. The market for silicone sealants has presence of several domestic manufacturers and a sizable number of Chinese manufacturers supplying low-cost goods.

To combat volatile raw material prices, prominent players in the silicone sealants market are focusing on the vertical integration of manufacturing capabilities and the expansion of manufacturing facilities.

Large global players control about 15% of the market presence, while regional players hold the largest presence in the market at 45%. Some of the major players in the market include 3M Company, BASF SE, Henkel AG & Co. KGaA, Bostik, TKK D. O. O, H.B.Fuller, PPG Industries, Pidilite, GCP Applied Technologies, Dupont, Wacker Chemie AG, Sika A.G., and others.

What Is The Expected Future Outlook For The Overall Global Silicone Sealants Market Across The Globe?

The Global Silicone Sealants market was valued at USD ~billion in 2022 and is anticipated to reach USD ~billion by the end of 2028F, witnessing a CAGR of ~% during the forecast period 2022-2028F. 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 Silicone Sealants market is driven by exceptional resistance capabilities of silicone to moisture, weathering, and other chemicals, and unlike other adhesive types, it can maintain its stability and elasticity at both low and high temperatures and is adopted by various end-user industries like building & construction, semiconductors & electronics, automotive, glass, and wood furniture. However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries.

With the increasing collaboration and emergence of new products, the Global Silicone Sealants market is changing rapidly. For instance, In January 2021, Momentive acquired the silicone division of KCC Corporation in South Korea and the UK. Additionally, the business purchased a Chinese sales organization. Momentive's global expertise in advanced silicones and specific applications is expected to further enhance by this purchase.

In June 2020, RWC released two new moisture-resistant silicone fire sealant products called HydroFlame 300 caulk-grade and HydroFlame 300 self-leveling sealants. These are intended for applications that have UL-listed W ratings or that are exposed to high moisture levels. These silicone sealants that dry quickly can be applied to various flooring holes, pipe types, and wall penetrations.

Furthermore, Momentive Performance Materials, a well-known supplier of silicone and specialty chemical-based products, signed a deal with Henkel in August 2020 to sell its Consumer Sealants segment. With this agreement, Henkel strengthens its position as a top supplier of adhesives, sealants, and other materials for the construction industry.

The global silicone sealants market is forecasted to continue the positive growth that is being witnessed since 2021. One of the main trends driving market expansion is the rise in demand for construction silicone sealants in the infrastructure and residential housing sectors. The market for silicone sealants is highly competitive with ~200 companies including several domestic manufacturers and a sizable number of Chinese manufacturers supplying low-cost goods.

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Key Topics Covered in the Report

• Snapshot of Global Silicone Sealants Market
• Industry Value Chain and Ecosystem Analysis
• Market size and Segmentation of Global Silicone Sealants Market
• Historic Growth of Overall Global Silicone Sealants Market and Segments
• Competition Scenario of the Market and Key Developments of Competitors
• Porter’s 5 Forces Analysis of Global Silicone Sealants Market
• Overview, Product Offerings, and SWOT Analysis of Key Competitors
• Covid 19 Impact on the Overall Global Silicone Sealants Market
• Future Market Forecast and Growth Rates of the Total Global Silicone Sealants Market and by Segments
• Market Size of Technology / Application Segments with Historical CAGR and Future Forecasts
• Analysis of Silicone Sealants Market in Major Regions
• Major Production / Consumption Hubs in the Major Regions
• Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments
• Overview of Notable Emerging Competitor Companies within Each Major Country

Major Companies Profiled in the Report

• 3M Company
• BASF SE
• Henkel AG & Co. KGaA
• Bostik
• TKK D. O. O
• H.B.Fuller
• PPG Industries
• Pidilite
• GCP Applied Technologies
• DUpont
• Wacker Chemie AG
• Sika A.G.

Notable Emerging Companies Mentioned in the Report

• Tengyu Chemical (Longkou)Co., Ltd.
• Jinwuhuan Neutral Silicone Sealant
• American Sealants Inc.
• Robert Mckeown Co., Inc.
• Anti-Seize Technology, A.S.T. Industries, Inc.
• Ravensberger Wachs-Chemie Bernhard Seidel GmbH & Co KG
• Nan Pao

Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report

• Construction Industry Personnel
• Electronics Manufacturers
• Vehicles Manufacturers
• Wood Furniture Manufacturers
• Wood Product Manufacturers
• Glass Furniture Manufacturers
• Glass Product Manufacturers
• Acetoxy Silicone Sealant Manufacturers
• Amino Silicone Sealant Manufacturers
• Oximinics Silicone Sealant Manufacturers
• Acetic Silicone Sealant Manufacturers
• Room Temperature Vulcanizing (RTV) Technology Providers

Time Period Captured in the Report

• Historical Period: 2019-2021

• Forecast Period: 2022E-2030F

For More Information on the Research Report, refer to below links: –

Global Silicone Sealants market

South Korea Used Car Market is currently in its Growing Stage Owing to low unemployment rate & increasing need for personal vehicle: Ken Research

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1. The Used Car Industry in South Korea is growing at CAGR of 1% Basis Volume, with Brands Competing Intensely on Value Added Services Offered

The South Korea Used Car market is in the Maturity stage. Easy availability of used car loans by various banks & NBFCs have led to the amplification of pre-owned car sales. Players such as Mr. Garage are providing vital information for the purchase of used cars by using AI and Machine Learning Tools. Talking about the challenges, Consumer distrust is quite high in the market. More than 10,000 consumer complaints are received every year.

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Hyundai Motor, monopolizes more than 83% of the new car market. Due to fierce competition, if Hyundai Motor enters the used car market, it is expected that at least 50% of the existing used car dealers and employees will crater. Furthermore, intense competition with various authorized dealerships, multi-brand outlets & independent (standalone as well as clustered dealers) operating in the industry is expected in the upcoming years. Authorized Dealerships compete on the basis of parameters such as warranty, inspection, quality checks, and value-added services. Entry of various online platforms and marketplaces competing is also expected to increase user base, engagement & dealers on-board. The way forward is dependent on Leveraging technologies such as Artificial Intelligence & Virtual Reality to enhance user browsing experience. Moreover, growth of transactional marketplaces offering one-stop solutions to buyers & connecting dealers, financing and insurance companies.

2. Banks, NBFCs and Captive NBFCs Providing Major Credit Lending Facilities in South Korea’s Used Car Financing Industry

South Korea’s Used Car market ecosystem provides a wide range of financing options for the customers. For instance, most organized market players liaise with banks to provide In-House loan to customers and with the help of In-House financing, customers can complete car financing under one roof which saves them the time & energy. Alternatively, customers can directly take an auto loan from bank. Most banks offer a financing period from 2 to 6 years. When it comes to NBFC’s like Roof funding & Kamco, most of them provide finance for used cars & have partnerships with major brands.

3. Lack of Regulations and Insufficient Job Requirements Leading to Low-Competition Entry for Sales Personnel and Market Inefficiency

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The used car market in Korea is less regulated compared to other advanced economies. This has led to a proliferation of small-time dealers who do not possess enough skills/knowledge about the cars and secondly, are not able to scale the shops to a greater extent. Apart from this, insufficient job requirements can also cause hindrances in the future growth of the industry. For instance, anyone who wants to engage in the used car sales business in Korea can obtain a salesperson's certificate only after completing online education. Moreover, online training takes 8 hours for introductory training for new employees and 4 hours for maintenance training for existing traders. Other than that, there is no other qualification system.

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South Korea Used Car Market

Global Silicone Sealants market expected to record a CAGR of ~6% during the forecast period (2017-2028): Ken Research

 What Is The Size Of Global Silicone Sealants Industry?

Global Silicone Sealants market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD Bn by 2028F.

The Silicone Sealants Market is largely driven by exceptional resistance capabilities of silicone to moisture, weathering, and other chemicals, and unlike other adhesive types, it can maintain its stability and elasticity at both low and high temperatures and is adopted by various end-user industries like building & construction, semiconductors & electronics, automotive, glass, and wood furniture.

The silicone sealants market is positively impacted by the ongoing search for industrial adhesives and sealants with innovative chemical formulas that can endure high levels of stress.

The demand for the product is also being pushed up as to combine two distinct materials, silicone sealants are increasingly being employed in place of traditional mechanical fastening and welding techniques. In structural glazing applications, particularly energy-efficient glazing, silicone sealants are frequently used as they have superior adhesive qualities and lower component weight overall when compared to alternative joining techniques.

Furthermore, factor limiting the market growth is that various countries are using eco-friendly products in different applications due to the rise in environmental challenges and governing laws.

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Global Silicone Sealants Market By Product Type

The Global Silicone Sealants market is segmented by Product Type into Acetoxy, Amino, Oximinics, Acetic and Others.

Acetoxy product type segment held the largest share in the Global Silicone Sealants Market in 2022.

The Acetoxy segment is anticipated to grow at the highest CAGR during the forecast period. Building and construction in kitchen backsplashes, door and window frames, bathrooms & bathtubs, countertop sealing, and other areas are contributing to the dominance and growth of acetoxy silicone sealants. It is because of the positive features like acetoxy sealants dry much more quickly than neutral cure silicone and typically become tack-free within minutes is one of their main advantage. They are widely used for pharmaceuticals as the properties exhibited by the materials used do not allow the container to react with any substance or solution kept inside it.

Global Silicone Sealants Market By Technology

The Global Silicone Sealants Market is segmented by Technology into Room Temperature Vulcanizing (RTV), Thermoset or Heat Cured, Radiation Cured and Pressure Sensitive.

Room Temperature Vulcanizing (RTV) technology segment held the highest market share in the Global Silicone Sealants Market in 2022.

The growing use of alkoxy, acetoxy, and oxime silicone sealants in structural applications in the building & construction, and automotive industries is a major factor driving the need for room temperature vulcanizing. RTV propels more than 200% elongation of sealants required in different application areas of the building & construction.

Global Silicone Sealants Market By Application

The Global Silicone Sealants market is segmented by Application into Building & Construction, Semiconductors & Electronics, Automotive, Glass, Wood Furniture and Others.

Building & construction application segment held the largest market share in the Global Silicone Sealants Market in 2022.

In the building & construction sector, silicone sealants are used for a variety of things, including bathroom and kitchen fixtures, floor gap sealing, fire-rated joints around pipes, electrical conduits, ducts, and electrical wiring inside of building walls and ceilings.

Major manufacturers are expanding their production capacity as a result of the silicone sealant’s increased demand in the building & construction sector.

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Key Topics Covered in the Report

• Snapshot of Global Silicone Sealants Market
• Industry Value Chain and Ecosystem Analysis
• Market size and Segmentation of Global Silicone Sealants Market
• Historic Growth of Overall Global Silicone Sealants Market and Segments
• Competition Scenario of the Market and Key Developments of Competitors
• Porter’s 5 Forces Analysis of Global Silicone Sealants Market
• Overview, Product Offerings, and SWOT Analysis of Key Competitors
• Covid 19 Impact on the Overall Global Silicone Sealants Market
• Future Market Forecast and Growth Rates of the Total Global Silicone Sealants Market and by Segments
• Market Size of Technology / Application Segments with Historical CAGR and Future Forecasts
• Analysis of Silicone Sealants Market in Major Regions
• Major Production / Consumption Hubs in the Major Regions
• Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments
• Overview of Notable Emerging Competitor Companies within Each Major Country

Major Companies Profiled in the Report

• 3M Company
• BASF SE
• Henkel AG & Co. KGaA
• Bostik
• TKK D. O. O
• H.B.Fuller
• PPG Industries
• Pidilite
• GCP Applied Technologies
• DUpont
• Wacker Chemie AG
• Sika A.G.

Notable Emerging Companies Mentioned in the Report

• Tengyu Chemical (Longkou)Co., Ltd.
• Jinwuhuan Neutral Silicone Sealant
• American Sealants Inc.
• Robert Mckeown Co., Inc.
• Anti-Seize Technology, A.S.T. Industries, Inc.
• Ravensberger Wachs-Chemie Bernhard Seidel GmbH & Co KG
• Nan Pao

Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report

• Construction Industry Personnel
• Electronics Manufacturers
• Vehicles Manufacturers
• Wood Furniture Manufacturers
• Wood Product Manufacturers
• Glass Furniture Manufacturers
• Glass Product Manufacturers
• Acetoxy Silicone Sealant Manufacturers
• Amino Silicone Sealant Manufacturers
• Oximinics Silicone Sealant Manufacturers
• Acetic Silicone Sealant Manufacturers
• Room Temperature Vulcanizing (RTV) Technology Providers

Time Period Captured in the Report

• Historical Period: 2019-2021
• Forecast Period: 2022E-2030F

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Global Silicone Sealants market

Global Cloud Gaming Market Growth Rate, Outlook, and Revenue Forecast 2022-2028: Ken Research

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Global Cloud Gaming Market by End-User

The Global Cloud Gaming market is segmented by End-User into Casual Gamers, Avid Gamers and Hardcore Gamers.

Hardcore gamers segment of the Global Cloud Gaming market is estimated to account for the largest market share in 2022

Hardcore gamers play games mostly as a hobby and spend a large amount of money and significant of time on them.

Another important reason is that improvement in 5G resulting in high speed is leading to more adoption of cloud gaming by Hardcore gamers.

These are also driven by the increase of powerful smartphones, there has been a rise of 40% in hardcore gamers in India post-COVID.

The Avid gamers segment is forecasted to be the fastest growing segment from 2022 to 2028

Global Cloud Gaming Market by Geography

The North America Cloud Gaming Market is forecasted to be the fastest growing market during 2022-2028.

Cloud gaming market growth is mainly driven due to an increase in people's inexpensiveness in the region and the region's strong economic foundation, combined with updated technologies. Furthermore, free and mobile games are boosting the region's market growth. The high expendable income is driving growth, along with the updated technologies.

The Asia-Pacific cloud gaming market is estimated to account for the largest market share in 2022

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Competition Scenario in Global Cloud Gaming Market

The Global Cloud Gaming Market is highly competitive with more than 500 players which include globally diversified players, regional players as well as a large number of country-niche players in the Cloud Gaming market. Most of the country-niche players are start-ups in Cloud Gaming.

The large global players comprise about 10% in terms of the number of competitors followed by country niche players which account for ~65% of the number of the competitors. Most of the country-niche players are start-ups. Some of these who successfully evolve to create application-specific solutions often get acquired by large global players seeking to grow and diversify quickly.

The Leading Country Niche players such as Parsec Cloud, Inc., Shadow, Rainway, and Ubitus K.K. are highly focused on providing a significant number of Cloud Gaming Solutions.

What is the Expected Future Outlook for the Overall Global CLOUD GAMING Market Across the globe?

The Global Cloud Gaming Market was valued at USD ~billion in 2022 and is anticipated to reach USD ~billion by the end of 2028F, witnessing a CAGR of ~% during the forecast period 2022-2028F. 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 Cloud Gaming market is driven by rising internet penetration, access to strong smartphones and impact of Covid-19. However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries.

With the increasing collaborations and emergence of new products, the Global Cloud Gaming market is changing rapidly. For instance, in 2022, NVIDIA Corporation launched an upgraded GeForce RTX 3080 graphics card with 12GB of memory for the fastest frame rates, low latency, and highest resolutions.

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In 2022, Tencent Games decided to Publish PUBG Mobile and PUBG Mobile Lite under Banner of Level Infinite.

Furthermore, In 2021, NVIDIA Corporation collaborated with Electronic Arts Inc. by bringing HIT Games to increase GeForce NOW’s gaming platform

In 2021, Blacknut collaborated with Communications and Entertainment Group NOS to provide a proper gaming experience with the help of 5G across Portugal and also aims to offer around 450+ games over the 5G network.

In 2021, Tencent launched Level Infinite to deliver high-quality games to a global audience by offering technical and production assistance.

The Global Cloud Gaming Market is forecasted to continue an exponential growth that is witnessed since 2017. It is primarily driven by 5G technology’s low latency capability and the increasing number of gamers across the globe. Though the market is highly competitive with over 500 participants, few global players control the dominant share, and regional players also hold a significant share.

By Offering

• Infrastructure

• Gaming Platform Services

By Device Type

• Smartphones

• Tablets

• Gaming Consoles

• PCs & Laptops

• Smart TVs

• Head-Mounted Displays

By Solution

• Video Streaming

• File Streaming

By End User Segment

• Casual Gamers

• Avid Gamers

• Hardcore Gamers

By Geography

• NORTH AMERICA (USA, Canada, Mexico)

• LAMEA (Latin America, Middle East, Africa)

• EUROPE (UK, France, Germany, Italy, Spain, Rest of Europe)

• ASIA-PACIFIC (China, India, South Korea, Australia, Indonesia, Japan, Rest of Asia Pacific)

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Global Cloud Gaming Market Size, Segments, Outlook, and Revenue Forecast 2022-2028: Ken Research

Global Grease market revenue to reach US$ 7 Bn by 2028: Ken Research

 Global Grease Market By Geography

The Global Grease market is segmented by geography into North America, Europe, Asia- pacific and LAMEA.

The Asia Pacific accounted for the largest market share within the global grease market, accounting major chunk of total market revenue in 2022 as it houses most of the lubricating companies.

According to the Indian Brand Equity Foundation (IBEF), a semi-government trust formulated by the department of commerce. Mentioned that an investment of US$107 billion is forecasted in the Indian chemicals and petrochemicals sector by 2025, the demand for chemicals is expected to widen by 9% per annum by 2025.

Europe is expected to be the 2nd fastest growing region during the forecasted period because of the rising demand for electric vehicles.

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Competition Scenario In Global Grease Market

The Global Grease market is highly competitive with approximately 200 players which include globally diversified players, regional players as well as a large number of country-niche players having their niche in Grease production to multiple end-user industries. Most of the country-niche players are dealing in the production and manufacturing of lubrication.

Large global players control about 40% of the market, while regional players hold the second largest share. Some of the major players in the market include Castrol India, Royal Dutch, Exxon Mobil, Eni, Chevron Corporation, FUCHS Petrolub, Sinopec Corporation, Total Energy, ENEOS Corporation, Phillips 66, CITGO, Indian Oil Corporation Ltd., and others.

The leading global specialist companies such as Exxon Mobil, Chevron Corporation, and Castrol are highly focused on providing a full segment of grease for multiple solutions and multiple end users.

What Is The Expected Future Outlook For The Overall Global Grease Market Across The Globe?

The Global Grease market was valued at USD ~billion in 2022 and is anticipated to reach USD ~billion by the end of 2028F, witnessing a CAGR of ~% during the forecast period 2022-2028F. 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 Grease market is driven by increased automation in multiple industries and rising demand from the automotive sector. However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries.

With the increasing acquisitions and emergence of new products, the Global Grease market is changing rapidly. For instance, In February 2022, RelaDyne acquired The Farley Company, a distributor of an extensive line of lubrication and chemical products. This acquisition will expand RelaDyne’s distribution capabilities in the northern Ohio area, Columbus, and Akron markets.

Furthermore, In June 2021, Castrol India announced the launch of Castrol On, a range of advanced e-fluids for improved electric vehicle performance. Castrol On advanced grease EV fluids protects the component in EV’s motor for higher efficiency and long-lasting.

FUSCH announced in its Annual Report for FY21, New plant in Kaiserslautern, Germany will produce custom-made polyurea greases for e-mobility and wind power. US$15.5 million was invested in the 3 German sites in Mannheim, Keil, and Kaiserslautern.

The Global Grease Market witnessed significant growth during the period 2017-2021, primarily driven by growing demand from the automotive industry, and rising end-user industries. Although the growth rate is expected to remain neutral in the forecasted period, the use of Grease is anticipated to remain strong as multiple industries required lubrication in machinery.

Though the market is highly competitive with approximately 200 participants, few global players control the dominant share and regional players also hold a significant share.

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Key Topics Covered in the Report

• Snapshot of Global Grease Market
• Industry Value Chain and Ecosystem Analysis
• Market size and Segmentation of the Global Grease Market
• Historic Growth of Overall Global Grease Market and Segments
• Competition Scenario of the Market and Key Developments of Competitors
• Porter’s 5 Forces Analysis of Global Grease Industry
• Overview, Product Offerings, and Strength & Weakness of Key Competitors
• Covid 19 Impact on the Overall Global Grease Market
• Future Market Forecast and Growth Rates of the Total Global Grease Market and by Segments
• Market Size of Application / End User Segments with Historical CAGR and Future Forecasts
• Analysis of Global Grease Market
• Major Production/Supply and Consumption/Demand Hubs in Each Major Region
• Major Continent-wise Historic and Future Market Growth Rates of the Total Market and Segments
• Overview of Notable Emerging Competitor Companies within Each Major Continent

 Key Profiled Companies Mentioned in the Report

• Castrol
• Royal Dutch
• Exxon Mobil
• Eni
• Chevron Corporation
• FUCHS PETROLUB SE
• Sinopec Corporation
• Total Energy
• ENEOS Corporation
• Phillips 66
• CITGO
• Indian Oil Corporation Ltd.

Notable Emerging Companies Mentioned in the Report

• Inzin
• GreaseBoss
• Bansal Oil and Lubricants Co.
• Henan Dongsen Lubrication Technology Co., Ltd.
• Ganga Sagar Trading Co.
• Continental Oils & Lubricants FZE

Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report

• Grease Manufacturing Companies
• Grease Distributors
• Grease Traders
• Grease Material Supplier Companies
• Potential Investors in Grease Companies
• Lubrication Association
• Grease Association
• Oil and Lubrication Sector
• Lubrication Manufacturing Companies
• Research & Development Institutes
• Government Investors
• Consulting companies in the lubrication sector
• Grease component providers
• Non-Soap and Metallic Soap component manufacturers
• Government and research organizations
• Investment banks
• Investors and financial community professionals
• Investment Funds

Time Period Captured in the Report

• Historical Period: 2017-2021
• Forecast Period: 2022-2028F

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Global Grease Market

Global Grease market expected to record a CAGR of ~5% during the forecast period (2017-2028): Ken Research

 What Is The Size Of Global Grease Industry?

Global Grease market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD Bn by 2028F.

The Grease Market is largely driven by increased automation in multiple industries and rising demand from the automotive sector.

Rising demand from the automotive sector is one of the key factors driving the grease market. Grease is used in vehicles for suspension, chassis, arm-shafts, u-joints, and others. As per the International Organization of Motor Vehicle Manufacturers, an organization working in the interest of vehicle manufacturer and assemblers, stated that vehicle production increased by 3% from 2020 to 2021 after declining by 13% from 2019 to 2020.  Automotive is the largest end-user of grease, increasing demand for vehicles will directly help the grease market.

The grease used in heavy equipment, wind power, aerospace, and food industry is specifically manufactured and graded by companies. As per International Air Transportation Association (IATA), a trade association for the world’s airlines, mentioned in the fact sheet for June 2022, cargo aerospace revenue is US$ 100.08 billion and is estimated to grow by US$191 billion from 2019 to 2022.

Furthermore, Environmental concern is one of the major challenges for the grease market as waste material is discharged to the nearby waterbodies. For instance, the Lubricating Oil and Greases Order, 1987 is an act passed in India which overlooks the restrictions imposed on the processing and storing of greases and lubricating oils.

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Global Grease Market By Thickener

The Global Grease market is segmented by Thickener into Metallic Soap, Non-Soap and Inorganic.

Metallic soap holds the largest share of the Global Grease market in 2022. Metallic soap thickener greases used in multiple industries such as automotive, manufacturing, steel, marine, construction, and others.

Sodium hydroxide, lithium hydroxide, and other materials are mixed with organic fatty acids in the oil and heated to prepare metallic greases.

Metallic soap is the most common type of thickener used in the industry. There are multiple varieties of metallic soap greases are available in the market such as lithium, calcium, aluminum, and others.

Global Grease Market By Base Oil

The Global Grease Market is segmented by Base Oil into Mineral Oil, Synthetic Oil and Bio-Based Oil.

Mineral oil segment accounted for the largest market share in 2022, as it used for multiple applications such as bearings, chains, gears, slides, and threaded connections.

According to Enerdata, an energy intelligence company, stated in a report that global crude oil output rose by less than 1% in 2021 after a 7.4% drop in 2020.

In 2021, as stated by Enerdata, the US crude oil production (17% of global output) increased by 1.3%. Increased production of crude oil is likely to propel the growth for mineral oil.

Global Grease Market By End-User

The Global Grease market is segmented by End-User into Automotive, Power Generation, Food & Beverages, Aerospace, Chemical Manufacturing and Mining and Metals.

Automation and transportation dominated the end-user segment in 2022, as grease is used in lubrication of suspension, chassis, arm-shafts, u-joints, and others.

According to the Organization of Vehicle Manufacturers (OICA), China was the largest producer of motor vehicles with 26 million units in 2021, an increase of 3% from 2020. India was the second largest producer of motor vehicles in the Asia Pacific with 4.4 million units in 2021, with an increase of 30% from 2020.

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Key Topics Covered in the Report

• Snapshot of Global Grease Market
• Industry Value Chain and Ecosystem Analysis
• Market size and Segmentation of the Global Grease Market
• Historic Growth of Overall Global Grease Market and Segments
• Competition Scenario of the Market and Key Developments of Competitors
• Porter’s 5 Forces Analysis of Global Grease Industry
• Overview, Product Offerings, and Strength & Weakness of Key Competitors
• Covid 19 Impact on the Overall Global Grease Market
• Future Market Forecast and Growth Rates of the Total Global Grease Market and by Segments
• Market Size of Application / End User Segments with Historical CAGR and Future Forecasts
• Analysis of Global Grease Market
• Major Production/Supply and Consumption/Demand Hubs in Each Major Region
• Major Continent-wise Historic and Future Market Growth Rates of the Total Market and Segments
• Overview of Notable Emerging Competitor Companies within Each Major Continent

 Key Profiled Companies Mentioned in the Report

• Castrol
• Royal Dutch
• Exxon Mobil
• Eni
• Chevron Corporation
• FUCHS PETROLUB SE
• Sinopec Corporation
• Total Energy
• ENEOS Corporation
• Phillips 66
• CITGO
• Indian Oil Corporation Ltd.

Notable Emerging Companies Mentioned in the Report

• Inzin
• GreaseBoss
• Bansal Oil and Lubricants Co.
• Henan Dongsen Lubrication Technology Co., Ltd.
• Ganga Sagar Trading Co.
• Continental Oils & Lubricants FZE

Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report

• Grease Manufacturing Companies
• Grease Distributors
• Grease Traders
• Grease Material Supplier Companies
• Potential Investors in Grease Companies
• Lubrication Association
• Grease Association
• Oil and Lubrication Sector
• Lubrication Manufacturing Companies
• Research & Development Institutes
• Government Investors
• Consulting companies in the lubrication sector
• Grease component providers
• Non-Soap and Metallic Soap component manufacturers
• Government and research organizations
• Investment banks
• Investors and financial community professionals
• Investment Funds

Time Period Captured in the Report

• Historical Period: 2017-2021
• Forecast Period: 2022-2028F

For More Information on the Research Report, refer to below links: –

Global Grease Market