Increasing Consumption and Adoption of Bio-Based Platform Chemicals to Boost Asian Markets: Ken Research

A lot of research was carried out in the past few years on bio-based chemicals and bio-based materials. According to the global statistics, the current global production of bio-based chemicals and polymer materials is approximately 50 million tons and the production of bio-based plastic is approximately 2440 thousand tons over the past few years. The bio-based chemicals industry has developed drastically due to advent of advanced technology, increase in product categories and enhanced economical efficiency which has encouraged huge industrial investments. The market for bio-based chemicals is still at the budding stage and will witness a drastic growth over the next few years. Each variant of bio-based chemical has limited players indicating very low competition in the market. All the manufacturers in bio-based chemicals market are at a budding stage and are yet to stabilize their business.

All the Asian countries are rich in biomass resources. Bio-based chemicals are derived from renewable sources or natural raw materials. Various the bio-based chemicals products are alcohols, organic acids, ketones, platform chemicals, biopolymers, and others (Bio-based 1,3-PDO, ECH, and 1,4-BDO). Bio-based chemicals are used in transportation, textiles, food safety, environment, communication, housing, recreation, health, hygiene, bio-medical, agriculture and other applications. The key factor affecting the growth in Asia bio-based chemicals market is the high price of the bio-based chemical products compared to the conventional chemicals. Therefore, many manufacturers are investing heavily in research and innovation to develop improved bio-based chemicals.

According to the study “Asia Bio-Based Platform Chemicals Industry Situation and Prospects Research Report”, the evolution of bio-refineries in Asia’s petrochemicals sector was due to advanced developments in bio-based chemicals. Major concerns in the Asian countries are increasing government concerns regarding health, environment, and limited fossil resources which is encouraging sustainable technologies to produce chemicals, and plastics. Bio-based chemicals offer great potential for decarbonizing everyday products. Bio-based chemicals are introduced in all sectors such as shoe soles, plastics, car parts, and many more. A positive growth will be witnessed in Asia bio-based chemicals market due to increasing consumption.

The depleting fossil fuel reserve is a major factor for implementation of strict regulations in Asian energy sector. Asian countries are witnessing a tremendous growth in bio-based chemicals due to increasing stringent regulations on conventional petro-based chemicals. The major by-product in bio-diesel production is bio-glycerol which is comparatively economical. Bio-glycerol is used as a major feedstock in various manufacturing industries, such as cosmetics, pharmaceuticals, food and beverages. Bio-glycerol accounts for a larger market share in Asia bio-based platform chemicals market due to the drastic development in Asian economies such as China and India.

Various available products in Asia’s bio-based platform chemicals market are Bio 1, 4-diacids, Bio Glycerol, Bio Glutamic Acid, Bio Itaconic Acid and others. The leading players in Asia’s bio-based chemicals market are BASF SE, BioAmber, Cargill, Myriant Corporation, PTT Global Chemical Public Company, DSM, Succinity GmbH, Novozymes and INEOS. Geographically, Asia’s bio-based platform chemicals market is spread across China, Japan, India, Korea, Saudi Arabia and other regions.

Asian bio-based chemicals market is generating huge growth opportunities due to increasing adoption of bio materials in various industries such as pharmaceutical, automotive, and personal care, advent of new raw bio-based materials, and demand for low cost bio-based chemicals. Amongst, the Asian countries China will witness a drastic development in the bio-based chemicals due to the availability of raw materials, growing awareness against traditional petro-based products and other factors.

Asia bio-based chemicals market will witness a drastic growth because China will lead all the markets supported by the ongoing demand adhering to the government’s regulations, and customer’s preference for eco-friendly products over conventional petro-based products. Asian countries are focussing on many bio-based chemicals projects in China, India and Thailand. With the increasing adoption and consumption, Asia will witness a positive growth in bio-based chemicals market in the next few years.

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Kuwait Warehousing Market Outlook to 2022-Ken Research

The report titled “Kuwait Warehousing Market Outlook to 2022 - by Business Model (Industrial Freight/ Retail, Container Freight, Cold Storage, Agricultural Warehousing) by End Users (Food and Beverages, Chemicals, Electronics, Pharmaceuticals, E-Commerce, Consumer Durables and Others)” covers various aspects such as overall size for Warehousing in Kuwait, Kuwait warehousing market segmentation by business model (industrial freight/retail, container freight, cold storage, agriculture and others); by end users (food and beverages, chemicals, electronics, pharmaceuticals, e-commerce, consumer durables and others). The report also covers value chain analysis for warehousing market, comparative analysis of Kuwait warehousing market. The report also covers the competitive landscape of the industry and comprehensive profile of leading and emerging players operating in the market.

The report includes future outlook and projections of Kuwait warehousing market. Major macroeconomic indicators and upcoming projects affecting the market have also been highlighted in the report. The report also provides analyst recommendations highlighting the major opportunities and cautions for Kuwait warehousing market.

Warehousing Market Size

Kuwait warehousing market in terms of revenue and capacity grew at a positive CAGR during the period 2012-2017. The warehousing market in Kuwait witnessed decline in the growth rate in 2015 due to closing down of the free trade zones (FTZs). FTZ’s allowed import duty free goods and tax free income of foreign corporate which attracted majority of the warehouses to establish in that region. However, with the closing down of FTZs, decline in imports and exports activity has been observed during the respective year. Warehousing market has inclined over the years with the increase in the demand for fresh fruits and vegetables and frozen food. The surge in FMCG sector has also impacted the market in a positive manner.

Kuwait Warehousing Market Segmentation

By Business Model: Industrial freight/retail dominated warehousing market in 2017 in Kuwait due to rise in the industrial and retail sectors in the country. The retail sector has grown at a positive double digit CAGR in the last five years. Container freight followed the industrial/ retail freight as the use of containers in export shipments makes the transport and goods handling easier and faster. Cold storage warehousing has inclined over the years with the rising requirement of temperature controlled products majorly (pharmaceuticals, sea food and frozen foods). Agriculture and others attributed least share in warehousing.

By End User: Food and Beverage industry dominated the end user segment in Kuwait warehousing industry. The domestic production capacity of the country is not enough to cater to the growing demand for fruits and vegetables in the country as the country has a very small portion as arable land out of the total area. The soil in Kuwait is low in nutrient and organic content and has poor moisture retaining capabilities. Hence, the production is low. The rising demand for fresh fruits and vegetables in the country has led to high requirement of warehousing market. There has been an increase in demand for warehousing by Electronics and Chemical industry with the growth of online retail market in the country. Majority of the demand has been driven due to international companies operating in the country with asset light model.

Comparative Landscape in Kuwait Warehousing Market

The warehousing companies in Kuwait observed to compete with each other on the basis of the size and location of the warehouse. The location of the warehouse has to be appropriate to the needs of the customer which reduces extra cost of transportation and increases time efficiency. Other important factors which influence the choice of warehouse are technologies/automation used in the warehouses; value added services, GDP-certified temperature and humidity-controlled environment and others.

Kuwait Warehousing Market Future Outlook and Projections

Kuwait warehousing market is expected to positively incline in future due to rise in trade and demand from e-commerce sector. The increase in the demand for fresh fruits and vegetables will positively incline the warehousing market. Kuwait government has planned to invest across strategic sectors under Kuwait Development Plan (KDP) 2015-2020. The companies will focus towards technologies such as RFID, automatic retrieval system, robotics, drones and others in future.

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Robots: New World to Warehouse Market Outlook: Ken Research

Logistics and Shipping Market Research Reports as companies continue to participate in the race to provide packages to costumer to their door steps as soon as possible they also need location to distribute packages to delivery driver. This problem is solved by none other than warehouse who constantly searches for better technology and other resources to smoother the process for company. Changes in dynamism and technology became the reason for automation to come into existence where warehouses upgraded themselves to the use of Robots to increase package sorting capacity, reduce human error and alleviate repetitive stress on employees. Industry veterans claimed that,” robots are not meant to replace humans but to increase the productivity with the same size of workforce. “

In 2009 first robot kiva was seen and was predicted that it would change the face of warehousing. Amazon was using over 30000 of these robots and then renamed kiva robot to Amazon robot. However competitors are not behind in the queue of ongoing rapid growth of e-commerce and are continuously emerging with new solutions to accommodate high volume of small, multi-line orders so that they could realign their capabilities to fit with fast and accurate warehouse demand profile.

In warehouse automation market, there has been growing adoption of goods-to-person automation, namely in the form of shuttle services that offer high levels of performance and flexibility. These new robots were called autonomous mobile robotics (AMR). These robots take multiple roles from lifting to moving an entire stack of shelves to a shipping station. Robots such as 6 River and locus are smaller ones that roam the aisle of a warehouse who work in cooperation with humans.

Benefits

Increase order picking throughput

Increase inventory density in a warehouse

Reduce utility cost including lighting and air conditioning

Reduce shrinkage by limiting human interaction with stock items

Reduce labor cost.

Robots are taking on multiple roles inside warehouses. Kiva’s robots can lift and move an entire stack of shelves to a shipping station where a human worker extracts the needed items.

A business must carefully evaluate the requirements of the robotic automation and the overall business requirements for each situation needs to be considered, including capital expense, operating savings, performance improvement and customer service enhancement. Growth in robotic automation has led to consolidation of many smaller warehouses spread across various states.

Logistics and Shipping Industry Analysis speculated that in developing countries like India, three to five years down the line warehouse will be more agile, dynamic and smart. Due to lack of fixed infrastructure and processes, they will work on AI and real time management of warehouse operations. Automation will devise cost effective ways for quicker deliveries and minimize operational inefficiencies. In India the maximum impact of implementation of goods and services tax would be on supply chain. In terms of developed countries they are already diversifying their ground by automation. Leading players of the market such as knapp, locus, swisslog, Greyorange, fetch, scallog and many more continue to expand in this field.

Key Factors Considered in the Report:

Logistics and Shipping Market Research Reports

Logistics and Shipping Industry Analysis

Market Research Reports for Logistics

Logistic Market Research Report

Logistics and Transportation Market Research Reports Consulting

Logistics Business Review

Logistics and Shipping Industry Research and Market Reports

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Understanding The Reinsurance Market In Chile: Ken Research

According to the study, ‘REINSURANCE IN CHILE, KEY TRENDS AND OPPORTUNITIES TO 2021’ Caja Reaseguradora de Chile SA is the major player in reinsurance market in Chile with major market in its hood.

One of the major role played in Chilean insurance industry has been by reinsurance industry, especially for covering catastrophe lead losses as domestic insurers lack funds to fully mitigate these risks. The reinsurance segment in the country is majorly dominated by foreign players as there are very few players in the domestic reinsurance market. The largest proportion of premium to reinsurers has been provided to Non-Life insurers while the leading reinsurance category is facultative reinsurance.

Insurance take-up in Chile is one of the highest in Latin America. In Chile, substantial number of industrial and commercial operations buy fire and earthquake cover, while coverage is less comprehensive for small medium sized companies with. On the residential side, the Chilean Insurance Association states that only a small proportion of the country’s homes have earthquake insurance. The vast majority of these properties are mortgaged.  Reinsurance terms and conditions, and pricing, are a key driver for the primary pricing of calamity cover in Chile. Before the Maule earthquake the market was softening for both insurance and reinsurance. For the last four to five years, rates had been declining year on year for both commercial and residential properties and with little change in terms and conditions.

In Chile, insurance and reinsurance companies, local insurance and reinsurance brokers, and loss adjusters are mainly regulated by the Securities and Insurance Superintendence (SVS). The lack of guidance in the regulations prior to the New Insurance Law over reinsurance contracts had created uncertainty for the London market. The new provisions stating that ‘international standard practice’ will be relevant to interpreting reinsurance contracts may herald an improvement, although there will inevitably be disagreements as to what practice should be followed. Nevertheless, if a reinsurance policy is placed by brokers in London and uses standard London wording, reinsurers will be able to cite the New Insurance Law to argue that evidence of London market practice will be key to resolving disputes at the reinsurance level.

Chile has been one of the most earthquake prone countries in the world owing to its close location to the Pacific Ring of Fire which is an area characterized by high number of earthquakes and intense volcanic activity. Estimates suggest that Maule earthquake caused huge ultimate loss figure probably in billions. Majority of this loss fell to reinsurers. For a comparable US event only half the loss would be ceded to the reinsurers. However, despite the size of the loss, the Maule earthquake has only provided a respite in sliding rates for earthquake cover across Latin America and has not affected global rates. After the Maule earthquake Reinsurers have met their obligations, particularly for a loss that is mostly ceded to the international market

The high participation of reinsurers is projected to continue over the forecast period due to the high catastrophic risk underlying the country. The increasing awareness of insurers is further expected to support the segment's growth.

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https://www.kenresearch.com/banking-financial-services-and-insurance/insurance/reinsurance-chile-key-trends-2019/3453-93.html

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Demand for Polycarbonate Plastics will Drive Asia Bisphenol-A Market: Ken Research

According to the study “Asia Bisphenol-A Industry Situation and Prospects Research report”, polycarbonate plastics such as food containers, baby toys, water bottles, other plastic items, manufactured using Bisphenol-A can cause health hazards to human population. Various studies revealed that use of Bisphenol-A in various products can cause a variety of health issues, from prostate cancer, breast cancer, early puberty, decreased fertility, neurological problems, and changes in human immune system. Asian population are health conscious about polycarbonate plastics and are demanding for BPA free products which will serve as a restraint in Asian Bisphenol-A market.

Bisphenol-A is a carbon-based synthetic compound denoted by the chemical formula C15H16O2. It is used in the manufacture of polycarbonate plastics and epoxy resins. Bisphenol-A is a colourless solid, poorly soluble in water, and soluble in organic solvents. Asia accounts for a larger share of the Bisphenol-A market due to the increasing demand for polycarbonate plastics and epoxy resins in various manufacturing industries such as paints, coatings, adhesives, electrical, electronics, packaging and others. Polycarbonate plastic is used in the manufacture of containers for food and beverages, impact resistant eye glass lenses, streetlight globes, medical devices, electrical components, electronic components, household appliances, automotive parts, telephones, safety and sports helmets. Polycarbonate in the form of sheets is used in signboards, windows, window protection, roofing structures, walkways, greenhouses, and construction glazing and skylights. Asia is witnessing a drastic growth in industries such as construction, automobiles, medical, energy, food and beverages. Therefore, these industries extensively utilize polycarbonate plastics which indirectly demands Bisphenol-A for the production of polycarbonate plastics.

All the leading vendors in Asia’s Bisphenol-A market are increasingly focusing on creating strong brand names, offering well-established products, and exhibit long-term reliability. The vendors are increasingly competing against each other based on factors such as price, features, and product quality. The leading players in Asia’s Bisphenol-A market are SABIC, Mitsui Chemicals, Mitsubishi Chemical Corporation, Hexion, LG Chem, Kumho P&B Chemicals, Shanghai Sinopec Mitsui Chemicals, CCP, Kazanorgsintez, China National Bluestar, and Kingboard Chemical Holdings. Asia’s Bisphenol-A market is categorized based on various product forms such as crystal, powder and flakes. Bisphenol-A is utilized in the manufacture of epoxy resins, polycarbonate plastics and others. Asia’s Bisphenol-A market is geographically spread across China, Japan, India, Korea, Saudi Arabia and other regions.

The increasing industrial applications of Bisphenol-A products in emerging economies such as, China, India, and Japan, are expected to drive the Bisphenol-A market in Asia. Although, Asian population are aware about various health risk using polycarbonate plastics, there is a demand for disposable polycarbonate plastics which is the major factor driving the growth in the Bisphenol-A market. The major market challenge in Asia’s Bisphenol-A market is the instability in crude oil prices and the increasing applications of Bisphenol-A. The increasing demand for Bisphenol-A products will drive the market for Bisphenol-A in Asia.

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The Expanding Range of Commercial Aviation Market Outlook: Ken Research

Today commercial aviation is booming and has established itself as one of the fastest growing industries in the world. The aircraft industry is not only seen as a profitable investment but also as a measure of economic progress and technological advancement. This extremely competitive industry has led to major developments both in the operational business and public participation.

Innovative technology has led to multiple projects that are widening the scope and horizon of commercial aviation. Some recently launched and still developing passenger aircrafts by Airbus and Boeing have set a new standard in passenger comfort and profitability.

1.             The A330neo is a twin aisle long haul wide body jet which is the modified version of the original A330. The term ‘neo’ stands for new engine design and the aircraft features new wingtips to boost its range and fuel efficiency.

2.            The Airbus A350-1000 is a twin aisle long haul wide body jet that is designed to carry an extensive load of passengers and cargo for extremely long distances. This aircraft is undergoing development after the explosive popularity of its predecessor, the A350-900 ULR which currently can fly further than any other aircraft in the world evident by the fact that it will shortly operate the world’s longest flight.

3.              The Boeing 787-10 Dreamliner is a twin aisle jet that is capable of carrying a pretty heavy load of passengers with ease. It is mostly made of carbon fibre making it extremely lightweight and thereby fuel efficient whilst giving it a strong fuselage. The aircraft also features improved air conditioning, upgraded engines and better mobility.

4.             The Boeing 777X is a long haul wide body airliner and is the latest ongoing development in the Boeing 777 family. The aircraft is a revolution and has pushed the boundaries of design engineering. Apart from its impressive engine technology the aircraft also features folding wingtips that maximize efficiency among other improvements inspired from earlier Boeing aircrafts.

According to the study “The Global Commercial Aircraft Market 2018-2028” says that major developments in the commercial aviation industry are being carried out by the two most renowned aircraft manufacturers in the world- American Boeing and European Airbus. Both these companies are the two most influential players in the aviation market. Incorporating new technologies along with design innovations has put these two companies at the top of the industry and they are a favorite among airlines from around the world that are constantly seeking more efficient operations. These two aviation giants are not only dominating the market but are creating competition for each other as well which results in aviation being made more affordable and manageable both for airlines as well as passengers. However, other countries are also trying to establish their foothold in the aviation industry. China’s Comac has recently launched its C919 which is China’s first big airliner and aims to compete with the Boeing 737 and Airbus A320. Russia’s United Aircraft Corporation has just launched its Irkut MS-21. This project is being backed by Russian President Vladimir Putin, who wants to boost the country’s aerospace industry to compete with Airbus and Boeing.  

These developments come as a result of a major shift in trend from capacity oriented aviation to range oriented aviation. Modern aircraft manufacturers are now developing aircrafts that focus more on distance travelled and fuel efficiency. The commercial aviation industry is witnessing the dawn of technological advancements with Boeing and Airbus leading the way for future developments whilst catering to the ever increasing public demand as flying becomes more affordable.

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Researching New Drugs For Cognitive Disorders Market Outlook: Ken Research

Cognitive impairment is when a person has trouble remembering, learning new things, concentrating or making decisions that affect their everyday life. Cognitive impairment ranges from mild to severe with people with mild impairment still being able to do their everyday activities unlike severely affected people who partially lose their ability to live independently. Most of the common disorders like Schizophrenia, Dementia and Alzheimer’s disease are chronic and currently there is no cure for neurocognitive disorders.

Currently antidepressants, antipsychotics and other medications that treat memory loss and behavioural symptoms are available and may help to treat the diseases.  Apart from these existing measures many other developments are taking place in this respect. According to the study “Cognitive Impairment Disorders Drug Development Pipeline Review, 2018” suggests that majority of products under development for these disorders are small molecules in order for them to cross the blood-brain barrier and such products are proving commercially viable. In addition the majority of products are neuromodulators, impacting the dopaminergic, serotonergic and glutamatergic systems.

Several products are being developed to address the significant unmet needs that exist in schizophrenia. Three potential treatments, namely ITI-007, MIN-101 and NaBen are aimed at managing the negative symptoms of the disease. In addition AVN-211 is in its late stage development as a treatment for the cognition impairments associated with schizophrenia and Lu AF35700 has been developed with the aim to address treatment resistance in schizophrenia patirnts. Finally, three formulations of Risperidone namely Risperidone implant, Risperidone ISM and RBP-7000 are expected to offer improved safety profiles.

Medical research has also brought up new findings. A new research study by scientists in Australia and the US has recently provided explanation for failed clinical trials of drugs reducing proteins in the brain that were initially thought to cause dementia and Alzheimer’s disease. Inflammation has subsequently been realized as a major cause for such ailments and now focus has shifted to finding ways of reducing inflammation by improving anti-inflammatory drugs. Inflammation has long been known to increase as dementia related diseases progress, but only now has it been identified as the cause.

Alzheimer’s disease has long been one of the toughest ailments to combat. This is evident by the fact that no new drug for its treatment has been discovered for more than a decade. There is also no clear consensus on what exactly biopharma companies should focus on while developing Alzheimer’s medicines. However, the scenario is changing as Alzheimer’s companies are taking steps in this direction. The Alzheimer’s Association and the National Institute of Aging released their proposed research framework recently which focuses more on prevention rather than treatment of people once they are already grappling with Alzheimer’s devastating effects.

There are a number of companies that are contributing to the developments made in cognitive research. Key companies include Eli Lilly and Company, Bristol-Myers Squibb, Pfizer and AstraZeneca. All of these are US based global pharmaceutical companies except AstraZeneca which is based in the UK. Intra-Cellular Therapies, Minerva Neurosciences, SyneuRx, Avineuro Pharmaceuticals and Lundbeck among others have recently launched their respective drugs to combat cognitive disorders like schizophrenia.

Cognitive research is leading to an in depth understanding of cognitive disorders. Modern day scientists are not only exploring ways to treat these ailments but also prevent them from happening. Many individual drugs have been launched recently and many more studies are underway that are clearing our understanding of these ailments and their root causes. Such developments are being led mostly by US and UK based companies.

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Sizing the Reinsurance Market in Italy: Ken Research

Italy ranks in the top 5 positions in Europe for premium collected according the annual report published by National Association of the Italian Insurance Undertaking in 2017. However, Italy is still considered a growing market as not many sectors prefer to get insured in the Italian economy.

Italian law does not provide a definition for reinsurance contracts. The Italian government has trusted the regulation of insurance at the autonomous decision of parties. In fact, the government has limited itself to regulating only certain aspects of reinsurance contracts in Articles 1928 and subsequent ones of the Civil Code.

The reinsurance sector has witnessed a prominent trend of greater importance being given to the new regime of reinsurance being given by Directive 2009/138/EC on the taking-up and pursuit of the business of insurance and reinsurance (Solvency II Directive). Risk management model is being currently functional in the new system which enables reinsurance to optimize the management of risks incurred by a single company or a group of companies. However what needs to be taken into consideration is that catastrophe reinsurance demand from Italian cedants might increase as insurers benefit from the new taxation regime, which gives catastrophe insurers premium certain tax exemptions.

Liberty Specialty Markets (LSM), the London headquartered unit of Liberty Mutual Insurance Group, has rebranded its reinsurance division as Liberty Mutual Re and launched a reinsurance operation in Italy for the first time. The rebrand applies to all aspects of LSM’s reinsurance division. This newly branded London based company will work from its offices in Rome and Milan and set to begin trading immediately with key focus areas being property, casualty, and specialty business. According to the study, ‘Reinsurance In Italy, Key Trends and Opportunities to 2020’, Some major companies working in the reinsurance sector are Munich Re Italia, RGA Re Italy, Hannover Re Services Italy Srl, Swiss Re Italia SpA, Scor Italia Riassicurazioni SpA,

Serious damage was caused to seismic crater areas by recent earthquakes in Italy. Not only have this but also caused indirect devastation in areas that are not traditionally affected by seismic activity. In Italy, landslides are a serious threat to the population. The complexity of the changes in the frequency and impact of rainfall-induced landslides suggests that it remains difficult and uncertain to predict the possible variations in the frequency and impact of landslide in response to future climatic and environmental changes. Piemonte, Liguria, Sicilia, Toscana, Lombardia, Calabria and Campania are some the major regions that are affected by floods frequently ads compared to other areas. Type and density of vegetation, soil type and land use are factors that influence the flood impact on soil in terms of rate and volume of runoff expected from a watershed. Deforestation, construction of dams, urbanization is only some of the human activities that are affecting the floods in Italy. Not only the occurrence of a flood is a problem but also the frequency of these floods has emerged as one the biggest challenge.

Italy is at the front of many economic and social changes and thus has begun to offer new incentives to various sectors including insurance despite adverse macroeconomic conditions in the short term and negative demographic developments in the long term. These opportunities are set to bring a dynamic shift in the reinsurance market.

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