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

 What Is The Size Of Global Air Compressor Industry?

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

The Air Compressor Market is largely driven by the rapid growth in industrialization and rising investments to enhance the oil and gas pipeline network.

One of the main factors propelling the expansion of the global air compressor market is the expanding oil and gas sector. The market is expanding as a result of the increased energy demand in developing nations like China, India, and South Korea. According to India Brand Equity Foundation (IBEF) by 2045, it is anticipated that India's oil consumption will have increased by a factor of 2x, to reach 11 million barrels per day.

Environmentally friendly compressor technologies, low maintenance, retrofitting of existing systems, efficient operation at lower costs, rising adoption of variable-speed systems, oil-free lubrication processes, and growth in the popularity of portable models are propelling the growth of the market.

Strict government restrictions related to noise levels and greenhouse gases emitted by air compressors would be a significant barrier for this market. According to Legal Information Institute, a non-profit organization, portable air compressors with a maximum rated capacity of less than or equal to 250 cubic feet per minute (cfm) should not produce an average sound level in excess of 76 dBA when measured and evaluated in accordance with the methodology given by this regulation.

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Global Air Compressor Market By Type

The Global Air Compressor market is segmented by Type into Stationary and Portable.

The Stationary segment held the largest market share of the Global Air Compressor Market in 2022, due to the extensive use of these compressors in the industrial sector.

The expansion of air compressor market has been driven by the rising demand for stationary air compressors in the global manufacturing sector.

Furthermore, the demand for stationary air compressors is anticipated to increase in the near future as a result of the rapid industrialization in developing nations like Saudi Arabia, the United Arab Emirates, India, Brazil, and China.

Global Air Compressor Market By Technology

The Global Air Compressor Market is segmented by Technology into Rotary, Centrifugal and Reciprocating.

Rotary segment held the largest share of the global air compressor market in 2022, due to the increased demand for rotary air compressors in major industries, including pulp and paper, mechanical and electrical machinery, mining and metallurgy, and electric power.

A rotary compressor is a type of air compressor that creates compressed air using two rotating screws. In comparison to other compressor types, rotary screw air compressors are cleaner, quieter, and more effective.

Global Air Compressor Market By Lubricant

The Global Air Compressor market is segmented by Lubricant into Oil-free and Oil filled.

The oil-filled segment accounted for the majority share of the global air compressor market in 2022, as they were widely adopted for commercial applications in the energy, manufacturing, and chemical industries. They are durable and produce low noise compared to the oil-free compressor.

Heavy-duty applications frequently use oil-filled segments because of their reliability and resistance to harsh environments. Higher operational output and improved air delivery are made possible by the durable construction and long-lasting design.

Oil-filled compressors are more appropriate for industrial applications since they can work at a higher capacity.

Global Air Compressor Market By Application

The Global Air Compressor market is segmented by Application into Manufacturing, Food & Beverage, Healthcare/Medical, Oil & Gas, Home Appliances, Energy & Power, Electronics & Semiconductor and Others.

The manufacturing segment accounted for the largest market share in 2022 of the global air compressor market due to the increase in investments in the industrialization of developing and underdeveloped regions is driving the segment's expansion.

Developing nations like India, China, and Brazil are rapidly industrializing, and the manufacturing sector is seeing an increase in demand for advanced and energy-efficient air compressors.

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Key Topics Covered in the Report

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

Notable Emerging Companies Mentioned in the Report

• Porter Cable
• Siemens
• Cook Compression
• AireTex Compressor
• Best Aire LLC

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

• Air Compressor Companies
• Air Compressor Manufacturers Association
• Industrial Machinery Research & Development Institutes
• Government Ministries and Departments of Engineering and Machinery
• Investment Banks targeting Industrial Machinery Sector
• Private Equity and Venture Capital Firms targeting Industrial Machinery Sector
• Components and Material Suppliers to Compressor Manufacturers

Period Captured in the Report

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

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Global Air Compressor market

Global Industrial Starch market is expected to reach ~USD 125 Bn by 2028F: Ken Research

 Global Industrial Starch Market By Geography

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

North America accounted for the largest market share in 2022 of the global industrial starch market, due to the presence of numerous multinational food manufacturing and processing businesses, there is a rising need for industrial starch.

The demand for native starch in this North America is expected to increase due to the expanding customer base's need for healthier food and beverage options and the manufacturers' increased adoption of new methods to reduce calories, fat, and sugar.

Presence of leading companies operating in industrial starch, like Archer Daniels Midland Company, Grain Processing Corporation, and others, will catalyze the expansion of this market.

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Competition Scenario In Global Industrial Starch Market

The Global Industrial Starch Market is highly competitive with ~200 players which include globally diversified players, regional players, and country-niche players with their niche in the starch market.

Country-niche players constitute ~55% of the market, while the regional players are the second largest by type. Some of the major players in the market include Cargill, Incorporated, Tate & Lyle, AGRANA Beteiligungs-AG, Tereos, Archer Daniels Midland Company, Ingredion, Grain Processing Corporation, Roquette Frères, Cosun, Altia Inc., among others.

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

The Global Industrial Starch 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 Industrial Starch market is driven by increasing use of industrial starch as a thickening, stabilizing, and gelling agent, binder, diluent, and excipient. 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 Industrial Starch market is changing rapidly. For instance, In April 2021, Cargill Inc. has stated that it will broaden its specialty tapioca starch offerings in the Asia Pacific area. Cargill collaborated with Starpro, a Thai company that makes food-grade tapioca starch. To meet the product processing needs of food manufacturers and consumer expectations, it intends to grow in the Asia-Pacific region.

In September 2021, Tereos Group announced the sale of its investment in starch operations in China to the YKA Group as part of its new strategy, which will be unveiled in June 2021. The business declared its intention to cut its debt and focused on its three key business operations.

The global industrial starch market is forecasted to continue its growth that is witnessed since 2017, due to its increasingly used as a thickening, stabilizing, and gelling agent, binder, diluent, and excipient, leading to strong demand for industrial starch. Though the market is highly competitive with ~200 players, few global players control the dominant market share and regional players also hold a significant market share.

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Key Topics Covered in the Report

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

Notable Emerging Companies Mentioned in the Report

• Shubham Starch Chem Pvt. Ltd
• SPAC Starch Products (India) Private Limited
• Sanstar Bio - Polymers Ltd.
• Bangkok Starch Industrial Co., Ltd.
• Everest Starch Pvt. Ltd.

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

• Industrial Starch Companies
• Industrial Starch Manufacturers Association
• Food Manufacturers Association
• Food Grade Chemicals Manufacturers
• Research & Development Institutes for Industrial Starch
• Industrial Starch Manufactures
• Industrial Starch Supplier
• Industrial Starch Raw Material Provider
• Investment Banks Targeting Industrial Starch Market
• Industrial Foods Manufacturers
• Food Ingredients Manufacturers
• Government Ministries and Departments of Foods
• Government Ministries and Departments of Chemicals
• Food Research Institutes
• Food Regulatory Authorities

Period Captured in the Report

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

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Global Industrial Starch market

Global Industrial Starch market expected to record a CAGR of ~7% during the forecast period (2017-2028): Ken Research

 What Is The Size Of Global Industrial Starch Industry?

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

The Industrial Starch Market is largely driven by increasing use of industrial starch as a thickening, stabilizing, and gelling agent, binder, diluent, and excipient.

Industrial starches can stabilize products like yogurt, bread goods, and convenience meals, manage texture, control moisture, and assist manufacturers to achieve the desired product quality. The worldwide industrial starch market is anticipated to benefit from increased customer knowledge and concerns about the food components used in food products and rising consumer preference for bio-based ingredients.

The worldwide food and beverage sector is being significantly impacted by the trend toward clean-label ingredients and products. Furthermore, the rapid expansion of the food processing industry provides considerable potential for ingredient manufacturers to implement strategic steps to meet rising demand.

During the COVID-19 pandemic, the pharmaceutical sector helped the industrial starch market to prosper. Starch is utilized in the pharmaceutical sector as a disintegrant and binder. Furthermore, the successful implementation of mass vaccination efforts in 2021 resulted in increased commercial activities.

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Global Industrial Starch Market By Type

The Global Industrial Starch market is segmented by Type into Native and Starch Derivatives & Sweeteners.

The Native segment held the largest market share in 2022, due to several qualities, including high water restriction and maintenance, excellent feed texturization, and a longer usable lifespan.

The original form of starch is native starches. They are frequently used in the formulation of foods, medications, and other industrial goods.

By applying acids and other chemicals to the native starch at particular temperatures, the characteristics can be altered to fit a variety of uses.

Global Industrial Starch Market By Source

The Global Industrial Starch Market is segmented by Source into Corn, Wheat, Cassava, Potato and Others.

Corn segment held the largest market share in 2022, due to its diverse use as a very versatile ingredient in the food and beverage industry.

A carbohydrate called corn starch is taken out of the endosperm of corn seeds. Corn starch is becoming more popular on the market since it is gluten-free. It is a good source of energy and protects those with nocturnal hypoglycemia from low blood sugar.

Cornstarch is a thickening agent that is used in gravies, marinades, sauces, soups, and casseroles.

Global Industrial Starch Market By Form

The Global Industrial Starch market is segmented by Form into Dry and Liquid.

Dry segment held the largest market share in 2022, due to customers' preference for convenient foods that are readily available and have good nutritional value, dry industrial starch usage has expanded due to the busy lifestyle and high disposable income.

The food industry employs dry starch. In food items, it serves as an emulsifier and a stabilizer. Dry starch is used in baked goods, confections, and frozen foods.

Global Industrial Starch Market By Application

The Global Industrial Starch market is segmented by Application into Food & Beverage, Paper Making, Pharmaceutical, Construction and Paint & Coating.

Food & Beverage segment held the largest market share in 2022, due increasing use of industrial starch in the bakery and confectionery industries.

The global industrial starch market is anticipated to increase significantly due to the use of industrial starch in food and beverage.

Starches are frequently utilized in meat processing for their ability to retain water and improve texture. To lower the cost of formulation and enhance texture, industrial starches are added to meat product formulations as water binders.

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Key Topics Covered in the Report

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

Notable Emerging Companies Mentioned in the Report

• Shubham Starch Chem Pvt. Ltd
• SPAC Starch Products (India) Private Limited
• Sanstar Bio - Polymers Ltd.
• Bangkok Starch Industrial Co., Ltd.
• Everest Starch Pvt. Ltd.

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

• Industrial Starch Companies
• Industrial Starch Manufacturers Association
• Food Manufacturers Association
• Food Grade Chemicals Manufacturers
• Research & Development Institutes for Industrial Starch
• Industrial Starch Manufactures
• Industrial Starch Supplier
• Industrial Starch Raw Material Provider
• Investment Banks Targeting Industrial Starch Market
• Industrial Foods Manufacturers
• Food Ingredients Manufacturers
• Government Ministries and Departments of Foods
• Government Ministries and Departments of Chemicals
• Food Research Institutes
• Food Regulatory Authorities

Period Captured in the Report

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

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Global Industrial Starch market

Global Water Desalination Equipment market is expected to reach ~USD 16 Bn by 2028F: Ken Research

 Global Water Desalination Equipment Market By Geography

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

LAMEA accounted for the largest market share among all regions within the total Global Water Desalination Equipment Market in 2022.

The growth is primarily due to the high industrialization and initiatives taken by countries like Saudi Arabia, Israel, and United Arab Emirates to deal with water scarcity.

Israel currently has the world largest water desalination plant in the world, which has a capacity of 624,000m ³/day and uses technology such as seawater reverse osmosis for desalination purposes.

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Competition Scenario In Global Water Desalination Equipment Market

The Global Water Desalination Equipment Market is highly competitive with ~500 players, which include globally diversified players, regional players as well as a large number of country-niche players each with their niche in Water Desalination Equipment manufacturing. Large global players constitute ~10% of competitors, while country-niche players represent ~60% of competitors. Some of the major players in the market include Doosan Corporation, IDE Technologies, Biwater Holdings Limited, SUEZ, Veolia Water Solutions & Technologies, Xylem, ACWA Power, Aquatech International LLC, Abengoa, Acciona, and among others.

What Is The Expected Future Outlook For The Overall Global Water Desalination Equipment Market Across The Globe?

The Global Water Desalination Equipment 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 Water Desalination Equipment market is driven by water scarcity which means the lack of freshwater resources to provide the regular demand for water consumption for public use. 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 Water Desalination Equipment market is changing rapidly. For instance, In August 2022, Doosan Corporation signed a contract worth US$ 590 Million for the construction of a water desalination plant in Saudi Arabia, the desalination plant uses reverse osmosis technology for desalination processes.

In July 2021, DuPont is selected by IDE technologies to provide Sea Water Reverse Osmosis (SWRO) Filtration membrane for the Sorek water desalination plant in Israel.  The Sorek water Desalination plant currently holds the title of the world’s biggest water desalination plant.

The Global Water Desalination Equipment Market is forecasted to continue growing during the forecast period primarily driven by water scarcity. Though the market is highly competitive with ~ 500 participants, few global players control the dominant share and country-niche players hold a significant share. LAMEA is the dominating region, owing to the rapid industrialization in the region.

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Key Topics Covered in the Report

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

Key Companies Covered in the Report

• Doosan Corporation
• IDE Technologies
• Biwater Holdings Limited
• SUEZ
• Veolia Water Solutions & Technologies
• Xylem
• ACWA Power
• Aquatech International LLC
• Abengoa
• Acciona 

Notable Emerging Companies Mentioned in the Report

• Salinnova
• Useful Wastes
• Desolenator
• Anfiro
• High Voltage Water

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

• Water Desalination Equipment Raw Material Suppliers
• Water Desalination Equipment Products Manufacturers
• Government Ministries and Departments for Drinking Water and Sanitation
• Water Desalination Equipment Industry Association
• Water Desalination Equipment Companies
• Venture Capitalists Targeting Water Desalination Equipment Industry
• Investment Banks Targeting Water Desalination Equipment Industry
• Environmental Regulatory Authorities

Time Period Captured in the Report

• Historical Period: 2017-202
• Forecast Period: 2022E-2028F

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Global Water Desalination Equipment market

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

 What Is The Size Of Global Water Desalination Equipment Industry?

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

The Water Desalination Equipment Market is largely driven by water scarcity which means the lack of freshwater resources to provide the regular demand for water consumption for public use.

According to United Nations, which is an intergovernmental organization that fosters friendly ties between countries and maintains global peace and security stated that around 700 million people from more than 43 countries all around the globe are affected by water scarcity.

Environmental issues due to Brine Discharge, which is a remnant of a successful desalination process is one of the biggest challenge faced by the global desalination equipment market.

As the installation cost of the brine treatment system is significantly high, thus companies prefer to directly dump the brine back into the sea, which negatively affects the marine flora and fauna.

 Due to the suspension of production operations in a number of industrial sectors, including Water Desalination Equipment manufacturing facilities, the COVID-19 pandemic hindered the growth of the Global Water Desalination Equipment Market. As a result, production showed a decline in the Water Desalination Equipment market.

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Global Water Desalination Equipment Market By Technology

The Global Water Desalination Equipment market is segmented by Technology into Reverse Osmosis (RO), Multi-stage Flash, (MSF) Distillation, Multi-effect Distillation (MED) and others.

The Reverse Osmosis segment held the largest market share of the Global Water Desalination Equipment Market in 2022.

Reverse Osmosis uses membrane separation equipment for the water desalination process, which is purely physical and less expensive as compared to other technologies.

In reverse osmosis technology, the saline water is passed through a membrane, which filters salt and other minerals producing freshwater for generic use.

Global Water Desalination Equipment Market By Source

The Global Water Desalination Equipment Market is segmented by Source into Seawater, Brackish Water, River Water and Others.

The Seawater segment accounted for the largest market share in the source segment in 2022.

The growth is primarily due to the easy availability of seawater and the rise in the seawater desalination plants for dealing with water scarcity.

In the desalination process the seawater is pumped directly into the desalination plant and several technologies such as reverse osmosis and multi-effect distillation are used to remove several minerals such as sodium, chlorine, magnesium, and more to convert the seawater into freshwater.

Global Water Desalination Equipment Market By Application

The Global Water Desalination Equipment market is segmented by Application into Municipal, Industrial and Others.

The Municipal segment held the largest market share in 2022 of the global Water Desalination Equipment Market.

Municipality plays a critical role, owing to the surge in demand for fresh water from the growing population, rapid urbanization, and stringent environmental regulations drive the need for clean and safe water for consumption.

Water desalination is required by municipalities to supplement reserves by recovering wastewater, groundwater, and seawater, which can be supplied for domestic usage and others.

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Key Topics Covered in the Report

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

Key Companies Covered in the Report

• Doosan Corporation
• IDE Technologies
• Biwater Holdings Limited
• SUEZ
• Veolia Water Solutions & Technologies
• Xylem
• ACWA Power
• Aquatech International LLC
• Abengoa
• Acciona 

Notable Emerging Companies Mentioned in the Report

• Salinnova
• Useful Wastes
• Desolenator
• Anfiro
• High Voltage Water

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

• Water Desalination Equipment Raw Material Suppliers
• Water Desalination Equipment Products Manufacturers
• Government Ministries and Departments for Drinking Water and Sanitation
• Water Desalination Equipment Industry Association
• Water Desalination Equipment Companies
• Venture Capitalists Targeting Water Desalination Equipment Industry
• Investment Banks Targeting Water Desalination Equipment Industry
• Environmental Regulatory Authorities

Time Period Captured in the Report

• Historical Period: 2017-202
• Forecast Period: 2022E-2028F

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

Global Water Desalination Equipment market

Increasing tourism, Internet penetration rate, urbanization and Innovation in technologies are driving Vietnam car rental market: Ken Research

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1.  The urban population is rapidly increasing due to the number of immigrants, economic reforms as well as higher living standards

The six largest urban agglomerations in Vietnam include Hanoi, Hai Phong, Da Nang, Bien Hoa, Ho Chi Minh City and Can Tho. In the last decade, the Vietnamese economy has experienced consistent economic growth with about 6% increase in GDP from year to year. The Vietnamese government expects to nearly double the country’s GDP per capita by 2030 and increase it eightfold by 2050.

2.  Increasing tourism, growing middle class and improving infrastructure are driving the growth in Vietnam car rental market

• The market for car rentals in Vietnam is expected to expand as FDI in 2022 is estimated at 13.5% over the previous year. This is the highest amount of foreign direct investment in the past 5 years.
• Vietnam is a popular tourist destination, and as more tourists visit the country, the demand for car rental services increases. This is especially true in the more rural areas of the country, where public transportation is limited. Since reopening its borders and lifting most Covid restrictions, Vietnam has earned high revenues from tourism.
• As more companies conduct business in Vietnam, the number of business travelers visiting the country is also increasing, which is boosting the car rental market. As of July 2020, Vietnam’s 30-day single entry e-Visa program is available to nationals of 80 countries.
• The Vietnamese government has been actively promoting the car rental industry, which has helped to create a favorable environment for the growth of the market. From March 2022, the registration fees for battery-driven electric cars are to be 0% within the next three years.
• The rising middle class in Vietnam has more disposable income to spend on luxury items such as car rental services, which is driving the market's growth. By 2030, there will be about 48 Mn Vietnamese people earning over $20/day. Compared to Asia, Vietnam is among the fastest growing in terms of population earning more than $20/day in constant PPP.

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3.  Limited availability of cars, hidden costs, quality of vehicles and poor customer services are problems faced by consumers in Vietnam car rental market

• Limited availability of cars or vehicles during peak travel season and holiday periods can cause frustration for customers.
• Some car rental companies might charge extra fees, such as insurance, fuel, or parking charges, that are not clearly stated in the initial quote.
• Some customers might be dissatisfied with the condition and maintenance of the vehicles, leading to problems during their trips.
• Poor customer service, such as slow response times, unhelpful or untrained staff, or lack of clear communication can cause frustration for customers.
• Limited availability of cars or vehicles during peak travel season and holiday periods can cause frustration for customers.

4.  Smart city mission 2025 will help in fastening the process of digitalization of the economy and providing business opportunities to car rental companies in Vietnam

By 2025, fiber optic broadband network infrastructure will cover over 80% of households in urban areas, universalize 4G, 5G mobile network services and smartphones. By 2030, universalize 5G mobile network services, and the proportion of adult population in urban areas with electronic payment accounts will be over 80%.

This will help car rental, ride hailing, sourcing, leasing and self-drive rental companies to digitize their operations and operate efficiently in the country. The lease/contract signed for leasing and self-drive car rental rentals could be done online. It will also encourage people to opt for digital payments more.

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

Vietnam Car Rental Market

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Revenue from the China LED Lightning market is expected to be ~ Mn in 2027F owing to local energy saving targets & rising urbanization levels: Ken Research

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The China LED Lightning market is moderately consolidated with a few players occupying almost half of the market. The key players operating in the market are competing on the basis of quality of product, product cost, service quality & estimated revenue. The major companies dominating the China LED Lightning market for its products, services, and continuous product developments are Philips, MLS Co ltd, Osram, Cree Inc.,Foshan electrical & light among others.

• The Chinese government is playing a major role in driving the growth of the sector by offering large scale subsidies for the adoption of LED products.
• There has been a recent surge in the use of LED lamps in cars, with their market share growing from 3% in 2013 to 23% in recent years.

Government Initiatives: In China, penetration of LED lighting has been witnessing a massive uptick as a result of effective government policies that help out LED manufacturer and distributor to a great extent. The Chinese government banned incandescent bulbs over 100 watts in the year 2012 followed by a ban on 15 watts in the year 2016. Besides, China is also looking forward to a framework to replace the fluorescent bulb with an LED. In China, the National Development and Reform Commission (NDRC) and the Ministry of Finance (MOF) have taken several measures to administer subsidies for proliferating LED Lighting products.

Effective Pricing Policy: In China, technology mechanization in the LED lighting industry has witnessed a massive surge in the recent years. Therefore the average price of LED lighting product has declined and has been affordable as compared to conventional lighting products. According to Renub Research Analysis, the market of LED lighting product will grow during the forecast period, especially in residential segments due to the price reduction of LED.

Analysts at Ken Research in their latest publication, “China LED Lightning Market Outlook 2027F- Driven by government regulations, research & development & rising urbanization levels” by Ken Research observed that China LED Lightning Market is in a growth phase & is expected to grow at a CAGR of ~% in the upcoming years owing to increasing government initiatives & technological innovations. It is to be noted that the China LED Lightning market is consolidated with a few brands occupying almost half of the market with companies competing not only on the basis of product quality, cost, demand for the product & estimated revenue.

Key segments covered

By Product Type

Panel Lights

Down Lights

Street Lights

Tube Lights

Bulb

Others

By Product Application

Commercial

Residential

Institutional

Industrial

By Installation Type

New Installation

Retrofit Installation

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By Region

Guangdong

Jiangsu

Shandong

Zhejiang

Henan

Others

Time Period Captured in the Report

Historical Period: FY’17- FY’22P

Base Year: FY’22P

Forecast Period: FY’23F – FY’27F

Key Target Audience

Distributers

Dealers

Big Box Stores

Builders/Contractors

Facilities Manager

DIYers

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Key players Covered

Philips

Osram

Leadarson

Foshan electrical & light

Cree Inc.

Key Topics Covered in the Report

Executive Summary of China LED Lightning Market

Country Overview of China LED Lightning Market

Overview of China LED Lightning Market

Market Size of China LED Lightning Market

Market Segmentation China LED Lightning Market

Industry Analysis of China LED Lightning Market

Consumer Analysis of China LED Lightning Challenges and restrains

Competitive Analysis of China LED Lightning Market

Future Outlook of China LED Lightning Services

Covid Analysis of China LED Lightning Market

Analyst Recommendations

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

China LED Lightning Market

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Global Plastic Additives market is expected to reach ~USD 80 Bn by 2028F: Ken Research

 Global Plastic Additives Market By Geography

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

Asia Pacific accounted for the largest market share in 2022 within the total Global Plastic Additives Market.

The market for plastic additives is predicted to increase rapidly in the region mainly in nations like India, Japan, and China due to rising demand from packaging and automotive industries.

Due to the significant presence of key manufacturers and end users, China is one of the top consumers of plastic additives. Plastic additives are in great demand as a result of urbanization and the construction industry's rapid growth in the region.

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Competition Scenario In Global Plastic Additives Market

The global plastic additives market is highly competitive with ~500 players which include globally diversified players, regional players as well as a large number of country-niche players.

Country niche players hold the largest presence of about 65% of the total competitors, while regional players comprise ~30% of competitors. Some of the major players in the market include BASF SE, The DOW Chemical Company, AkzoNobel, Clariant AG, Nabaltec, Mitsui Chemicals, LANXESS AG, Repi S.r.l., Songwon Industrial Co. Ltd., Albemarle Corporation, Kaneka Corporation, and others.

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

The Global Plastic Additives 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 Plastic Additives market is driven by increasingly adoption of plastic additives by numerous industries, including construction, consumer goods, packaging, and automotive and the rising demand for additives in polymers for various applications. However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries.

With the increasing innovation and emergence of new products, the Global Plastic Additives market is changing rapidly. For instance, In April 2021, BASF has introduced biomass balanced (BMB) plasticizers based on renewable raw materials under designations Hexamoll® DINCH BMB, Palatinol® N BMB, Palatinol® 10-P BMB, and Plastisol® DOA BMB. These substances are made from vegetable oils or organic waste. Biomass-balanced plasticizers assist conserve fossil resources and have a smaller carbon footprint than traditional ones.

In April 2021, Songwon Industrial Co., Ltd extended its geographical presence in Bangladesh, Nepal, and Sri Lanka with Cheminox as the authorized distributor for the entire region. Cheminox has been the only distributor of Songwon’s polymer stabilizers in India since 2009. These stabilizers include SONGNOX® antioxidants, SONGSORB® UV absorbers, and SABOSTAB® HALS. With this expansion, Songwon aims for a long-term growth goal with a consistent, high-quality supply of goods and the highest caliber of customer support.

The global plastic additives market is expected to showcase positive growth during the forecast period. One of the main trends driving market expansion is the strict government initiatives toward sustainability. Asia Pacific region holds dominance in the market and is also expected to experience an increased growth rate due to the high adoption of plastic additives in the region’s automotive and construction industry. The market is highly competitive with around 500 participants concentrating on expansion strategies through product innovations as well as acquisitions and mergers.

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Key Topics Covered in the Report

• Snapshot of Global Plastic Additives Market
• Industry Value Chain and Ecosystem Analysis
• Market size and Segmentation of Global Plastic Additives Market
• Historic Growth of the Overall Global Plastic Additives Market and Segments
• Competition Scenario of the Market and Key Developments of Competitors
• Porter’s 5 Forces Analysis of the Global Plastic Additives Market
• Overview, Product Offerings, and SWOT Analysis of Key Competitors
• Covid-1919 Impact on the Overall Global Plastic Additives Market
• Future Market Forecast and Growth Rates of the Total Global Plastic Additives Market and by Segments
• Market Size of Plastic Type / Application Segments with Historical CAGR and Future Forecasts
• Analysis of Plastic Additives 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

• BASF SE
• The DOW Chemical Company
• AkzoNobel
• Clariant AG
• Nabaltec
• Mitsui Chemicals
• LANXESS AG
• Repi S.r.l.
• Songwon Industrial Co. Ltd.
• Albemarle Corporation
• Kaneka Corporation 

Notable Emerging Companies Mentioned in the Report

• Baerlocher China
• Nanjing Union Rubber Chemicals Co. Ltd. (NURCHEM)
• Van Horn, Metz & Co., Inc.
• K-Tech (India) Limited
• Flamingo Additives & Colourants LLP
• Deifel GmbH & Co. KG
• Newos GmbH 

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

• Plastic Additive Manufacturers
• Packaging Manufacturers
• Plastic Manufacturers
• Chemical Companies
• Government Ministries and Departments of Chemical Industry
• Sustainability Researchers
• Food Processing Companies
• Vehicle Manufacturers
• Construction Dealers
• Commodity Plastic Manufacturers
• Engineering Plastic Manufacturers
• High-Performance Plastic Manufacturers
• Petrochemical Companies

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 Plastic Additives market

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

 What Is the Size of Global Plastic Additives industry?

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

The Plastic Additives Market is largely driven by increasingly adoption of plastic additives by numerous industries, including construction, consumer goods, packaging, and automotive and the rising demand for additives in polymers for various applications.

Moreover, the demand for small, compact residential buildings is expanding along with urbanization. Plastic is utilized in residential buildings for a variety of functions, including insulation, wiring & cables, electrical switches, and water pipes, and is, therefore, pushing up the demand for plastic additives to alter the strength and longevity of plastics.

According to teriin.org, The majority of plastic garbage is produced by households, primarily in the form of water and soft drink bottles. The market is currently subject to several new laws, some of which are projected to have a detrimental impact on sales of plastic additives. Restrictions on different plastic additives, including specific types of flame retardants and plasticizers, have been backed by several scientific investigations.

Furthermore, During the lockdown, the raw material supply was disrupted, which had an impact on the production of these additives and derivatives. However, the resurgence of manufacturing and construction, have supported the market and is expected to positively impact the growth in coming years.

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Global Plastic Additives market By Type

The Global Plastic Additives market is segmented by Type into Plasticizers, Stabilizers, Flame Retardants, Impact Modifiers and Others.

Plasticizers type segment held the largest share of the Global Plastic Additives Market in 2022.

Demand for plasticizers is increasing mainly due to their increasing adoption in high-volume flexible PVC products. According to plasticseurope.org, the world produced 367 million tons of plastic in 2020, an increase of 32 million tons over 2016. Polyvinyl chloride, or PVC, which is the fourth most prevalent plastic in the world, received 10% of this total. PVC is frequently used in the manufacture of toys, cables, packaging, flooring, and other items.

Global Plastic Additives Market By Plastic Type

The Global Plastic Additives Market is segmented by Plastic type into Commodity Plastic, Engineering Plastic and High-Performance Plastic.

High-performance polymers plastic type segment held the largest market share in the Global Plastic Additives Market in 2022.

High-performance polymers can function at temperatures as high as 300°C, having an advantage over commercially available high-temperature polymers including modified high-performance thermoplastics and heat-resistant compounds.

The segment's revenue growth is expected to be further fueled by their superior ability to withstand high temperatures compared to other polymers across a variety of end-use industries, such as oil and gas, nuclear, aerospace, and chemicals.

Global Plastic Additives Market By Application

The Global Plastic Additives market is segmented by Application into Packaging, Food, Consumer Goods, Construction, Automotive and Others.

The packaging application segment held the largest market share in the Global Plastic Additives Market in 2022.

Rise in the adoption of sales from e-commerce platforms, requiring additional packaging is increasing the adoption of plastic additives in packaging materials to make them strong, durable, and eco-friendly. Also in the pandemic time, due to hygiene concerns, the pandemic has caused a resurgence of single-use plastic bags and boxes, favorably affecting the use of plastic packaging in e-commerce and turn positively impacting the plastic additives market.

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Key Topics Covered in the Report

• Snapshot of Global Plastic Additives Market
• Industry Value Chain and Ecosystem Analysis
• Market size and Segmentation of Global Plastic Additives Market
• Historic Growth of the Overall Global Plastic Additives Market and Segments
• Competition Scenario of the Market and Key Developments of Competitors
• Porter’s 5 Forces Analysis of the Global Plastic Additives Market
• Overview, Product Offerings, and SWOT Analysis of Key Competitors
• Covid-1919 Impact on the Overall Global Plastic Additives Market
• Future Market Forecast and Growth Rates of the Total Global Plastic Additives Market and by Segments
• Market Size of Plastic Type / Application Segments with Historical CAGR and Future Forecasts
• Analysis of Plastic Additives 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

• BASF SE
• The DOW Chemical Company
• AkzoNobel
• Clariant AG
• Nabaltec
• Mitsui Chemicals
• LANXESS AG
• Repi S.r.l.
• Songwon Industrial Co. Ltd.
• Albemarle Corporation
• Kaneka Corporation 

Notable Emerging Companies Mentioned in the Report

• Baerlocher China
• Nanjing Union Rubber Chemicals Co. Ltd. (NURCHEM)
• Van Horn, Metz & Co., Inc.
• K-Tech (India) Limited
• Flamingo Additives & Colourants LLP
• Deifel GmbH & Co. KG
• Newos GmbH 

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

• Plastic Additive Manufacturers
• Packaging Manufacturers
• Plastic Manufacturers
• Chemical Companies
• Government Ministries and Departments of Chemical Industry
• Sustainability Researchers
• Food Processing Companies
• Vehicle Manufacturers
• Construction Dealers
• Commodity Plastic Manufacturers
• Engineering Plastic Manufacturers
• High-Performance Plastic Manufacturers
• Petrochemical Companies

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 Plastic Additives market

The Nigeria Fitness Service market is expected to grow, owing to the tech-enabled high-end fitness offerings and innovative marketing strategies being implemented by the fitness centers in the country: Ken Research

 Buy Now

The Nigeria Fitness Service market is expanding as a result of the rising disposable income of consumers, the increasing popularity of fitness activities, and the improvement in infrastructure pertaining to fitness centers. The Nigeria Fitness Service market is consolidated with Nike China, Anta Sports, Adidas China, Li-Ning, and 361 having a major share in the market. The market is in a growing stage since major players have the potential to expand their facilities in the country.

• Nigeria has the largest market in Africa with a population of over 200 million. The Nigerian fitness culture and industry recently has grown significantly over the past last four years, especially in the major cities.
• i-Fitness, Nigeria’s first and fastest-growing fitness chain has disclosed that it has committed over N2 billion in investment in Nigeria’s fitness industry.
• i-Fitness plans to have at least one branch within a 5km radius of the urban cities in Nigeria and West Africa, adding that with the population size of Lagos and the need to massively promote the culture of health and wellness, its initial plan is to have 22 branches in Lagos alone.

Demand for Certified Personal Trainers: The fitness market in Nigeria is expected to experience growth due to rapidly rising interest in all kinds of wellness-related behaviors and lifestyles accompanied by accelerating consumer spending. A steady increase in demand for certified personal trainers along with the advancement of technologies adopted by the majority of the fitness center and rising awareness among people about their health will also intensify the number of subscribers in Nigeria.

Attractive offers are increasing the number of subscribers: The entry of low-budget international fitness chains and attractive offers offered by those brands are expected to encourage the offline membership participation rate in fitness clubs in Nigeria.  Moreover, consumers are expected to engage with fitness and wellness companies more than ever before in an attempt to adopt healthier lifestyles and build supportive communities.

Expansion of Geographical Presence and Changing Societal Norms: Recent trends in the fitness center market of Nigeria include expanding geographical presence and changing societal norms leading to the growth of ladies-only fitness centers. Additionally, gyms/clubs/spas are adding in complimentary wellness services to become more holistic thus increasing the future share of fitness services in the country.  It is also expected that the trend of 24-hour franchisee gym centers will evolve in Nigeria acquiring a new group of the working population in fitness centers.

Analysts at Ken Research in their latest publication “Nigeria Fitness Service Market Outlook to 2027F - By Market Structure (Organized and Unorganized), By Revenue Streams (Membership Fee and Personal Training), by Membership Subscription Package (1 Month, 3 Months, 6 Months & 12 Months), by Provinces and by Gender“ observed the potential of the Fitness Services Market in Nigeria. The increasing popularity of fitness activities, the rising disposable income of consumers, and the increasing number of fitness centers are expected to contribute to the market growth over the forecast period. The Nigeria Fitness Service Market is expected to grow at ~% CAGR over the forecasted period 2022-2027F.

Key Segments Covered

Nigeria Fitness Services Market

By Market Structure:

Organized

Unorganized

By Revenue Stream

Membership

Personal Trainer

Supplementary Services

By Region

Lagos State

Ogun State

Others (Imo State, Abuja State)

By Subscription

3 months

6 months

1 year

Others

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By Gender

Male

Female

By Age

Below 18 years

19 to 30 years

31 to 60 years

Above 60 years

By Income Group

Below 85,700 NGN

85,700 - 339,000 NGN

339,000 - 1,510,000 NGN

Above 1,510,000 NGN

Key Target Audience

Fitness Equipment Manufacturers

Fitness Equipment Distributors

Fitness Centers

Government Organizations

Fitness Service Providers

Ministry of Sports

Industry Associations

Investors/VCs

Time Period Captured in the Report

Historical Year: 2017-2022

Base Year: 2022

Forecast Period: 2022– 2027F

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Companies Covered

Ifitness Centre Ltd

Sky Fitness Gym

Fitness Central

Ellas Place Salon, Spa & Ladies Gym

The Crossfitter Gym

Carvimial Fitness Centre

Blue Island Wellness Centre

Key Topics Covered in the Report

Executive Summary of Nigeria Fitness Service Market

Socio-Economic Landscape of Nigeria

Direct and Indirect Economic Impact of the Fitness Industry in Nigeria

Overview of Commercial Gyms in Nigeria’s Health and Fitness Market

Snapshot of the Digital Fitness Market in Nigeria

Assessment of the Indirect Economic Impact of the Fitness Industry in Nigeria

Nigeria Fitness Equipment Industry Market Size

Evaluation of Premiumization in the Real Estate Sector

Assessment of the Indirect Economic Impact of the Fitness Industry in Nigeria

Overview of Healthcare Scenario/Health Statistics

Potential Health Implications and Health Cost Reductions

Customer Mindset for Fitness Services

Impact of COVID-19 on the Fitness Industry in Nigeria

Future Outlook and Projections for Nigeria Fitness Services Market

White space and Opportunities existing in the Nigeria Fitness Services Market

Research Methodology

Analyst Recommendation

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

Nigeria Fitness Service Market

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