Malaysia Industrial Lubricants Market Outlook to 2023: Ken Research

The report titled “Malaysia Industrial Lubricants Market Outlook to 2023 - By Origin (Mineral Lubricants, Semi-Synthetic Lubricants and Synthetic Lubricants), By Industrial Lubricants (Hydraulic Oils, Industrial Greases, Metal Working Fluid/Cutting Oil, Industrial Gear Oil, Turbine Oil, Compressor Oil and Others), By End Users (Construction & Mining, General Manufacturing, Power Generation, Metal Production, Food Processing, Cement Industry and Others), By Distribution Channel (Direct Sales and Dealer Network)” covers market size by sales value and volume of industrial lubricants in Malaysia along with market segmentation by origin, by type of industrial lubricant, by end user industries, by distribution channel, by origin of sales and by type of packaging. The report also covers emerging growth drivers and trends; issues and challenges; decision making parameters; and competitive landscape of major players in the market with special focus on Idemitsu, PETRONAS, Polilube Italia, Shell, Chevron, TOTAL, ExxonMobil and BP Castrol. The interpretation explores detailed analysis of end user industries in Malaysia including mining, construction, power generation, manufacturing, metal production, steel production, and cement industry,  future outlook & projections along with analyst recommendation & macroeconomic variables highlighting the major opportunities & cautions to the reader.

Malaysia Industrial Lubricants Market Overview:

Malaysia industrial lubricants market has been observed to be in growth phase and the industry is meeting demand expectations of every end user industry majorly by importing base oil from foreign countries and domestically producing industrial lubricants in the country. During 2013 to 2018, the market experienced a cumulative growth rate of about 3% owing to factors such as increasing demand from end user industries, new industrial policies, introduction of bio based lubricants, increase in number of players in the market and others similar factors.

Malaysia Industrial Lubricants Market Segmentation:

By Origin (Mineral Lubricant, Semi-Synthetic Lubricant and Synthetic Lubricant): Due to low cost and easy availability, mineral based lubricants were observed to dominate the market followed by semi synthetic and synthetic lubricants with respect to total sales volume in the country.

By Type of Industrial Lubricants (Hydraulic Oils, Industrial Greases, Metal working Fluid/Cutting Oil, Gear Oil, Turbine Oil, Compressor Oil and Others): In 2018, Hydraulic Oil occupied largest share in total sales volume of industrial lubricants in Malaysia owing to usage in multiple end user industries including mining, construction, power generation and others. In terms of market share basis sales volume, hydraulic oil was followed by turbine oil with major application areas including power generation, marine, shipping, aviation and others.

By End User Industries (Construction & Mining, General Manufacturing, Power Generation, Metal Production, Food Processing, Cement Industry and Others): Construction and Mining, being one of the major activities in Malaysia occupy highest share in terms of sales volume of industrial lubricants in the country, it was followed by General Manufacturing with usage in manufacturing of paper, plastic, rubber, textile, automotives and others. Industrial lubricants which are highly demanded in these segments include hydraulic oil, industrial greases and compressor oil. Other industrial end users include cement industry, power generation, metal production and food processing who occupied the rest of the market share in the country.

By Sales Channel: Industrial Lubricants in Malaysia are mainly distributed through two channels, i.e. direct sales and through dealer networks. Major players such Shell, TOTAL, Idemitsu, Chevron and others mainly undertake their sales through both direct and indirect channels depending upon the end user industry, they are serving. In Malaysia, dealer network is most preferred channel of sales followed by direct sales.

By Type of Packaging: Barrels & Drums with a holding capacity of 200-210 liters were observed to dominate the market in terms of sales volume owing to the fact that industrial lubricants are mostly demanded in large quantities therefore end users mostly demand drums as their preferred mode of packaging. Apart of this, small packets with holding capacity of 20 liters or 18 kg were the second most preferred form packaging.

By Origin of Sales:  In Malaysia, Kuala Lumpur, Sabah and Sarawak region were observed to be the three main sales clusters. With most of the manufacturing facilities located in Kuala Lumpur, it occupies the highest share in terms of sales volume of industrial lubricants in Malaysia. Sabah and Sarawak region are mostly used as import destinations with distribution networks spread across the country.

Competitive Landscape in Malaysia Industrial Lubricants Market:

The competition in Malaysia industrial lubricants market is concentrated with major players including PETRONAS, Shell, TOTAL dominating the market with major competing parameters including price, quality, after sales support, distribution network and others. With major end user industries located in Perak, Johor, Kuala Lumpur and Pahang, majority of industrial lubricants sales were observed in these areas. The major parameters on the basis of which the players in the market compete with each other are product price, product quality, after sale services, marketing strategies, product range and specification/technical grade, distribution network and terms of payment.

Malaysia Industrial Lubricant Market Future Outlook and Projections:

Over the forecast period of 2019-2023, the Malaysia Industrial Lubricants market is expected to grow in terms of both sales value and sales volume. Major factors expected to contribute to growth include increasing demand through upcoming construction projects in Malaysia, boost in foreign investments, revival of tin mining and others. The sales volume is expected to further increase with entry of new domestic and international players in the market as well.

Key Segments Covered:-

Malaysia Industrial Lubricants Market

By Origin

Mineral Lubricant

Semi Synthetic Lubricant

Synthetic Lubricant

By Type of Industrial Lubricants

Hydraulic Oil

Industrial Greases

Metal working Fluid/Cutting Oil

Gear Oil

Turbine Oil

Compressor Oil

Others

By Industrial End Users

Construction & Mining

General Manufacturing

Power Generation

Metal Production

Food Processing

Cement Industry

Other End Users

By Sales Channel

Direct Sales

Dealer Network

By Origin of Sales

Kuala Lumpur

Sabah

Sarawak

By Type of Packaging

Barrels & Drums

Small Packs

IBC (Intermediate Bulk Containers)

Key Target Audience:-

Industrial Lubricant Manufacturers

Industrial Lubricant Importers

Industrial Lubricant Distributors

Government and Regulatory Authority

Construction Companies

Textile Companies

Cement Companies

Mining Companies

Paper and Pulp Manufacturers

Power Generation Companies

Steel Manufacturers

Investors and VC Firms

Time Period Captured in the Report:-

Historical Period: 2013- 2018

Forecast Period: 2019E - 2023E

Companies Covered:-

Idemitsu (Malaysia) Lube Sdn. Bhd.

PETRONAS Lubricants Marketing Malaysia Sdn

Polilube Italia Sdn. Bhd.

Shell Malaysia Ltd.

Chevron Malaysia Limited

TOTAL Oil Malaysia

ExxonMobil Exploration & Production Malaysia Inc.

BP Castrol Lubricants (Malaysia) Sdn Bhd

Key Topics Covered in the Report:-

Executive Summary

Research Methodology

Malaysia Industrial Lubricants Market Overview and Genesis

Malaysia Industrial Lubricants Market Ecosystem

Value Chain Analysis in Malaysia Industrial Lubricants Market

Malaysia Industrial Lubricants Market Size, 2013-2018

Malaysia Industrial Lubricants Market Segmentation

Regulatory Landscape in Malaysia Industrial Lubricants Market

Trends And Developments in Malaysia Industrial Lubricants Market

Issues And Challenges in Malaysia Industrial Lubricants Market

End User Analysis in Malaysia Industrial Lubricants Market

Competitive Landscape in Malaysia Industrial Lubricants Market

Malaysia Industrial Lubricants Market Future Outlook and Projections, 2018-2023E

Analyst Recommendations

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

Malaysia Industrial Lubricants Market

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Saudi Arabia Lubricants Market Outlook to 2023 - By Automotive (Passenger Car Motor Oil, Heavy Duty Engine oils, Hydraulic Oils, Gear Oils & transmission, and Greases), Industrial lubricants (Engine Oils, Turbine oils, Hydraulic oils, Industrial Gear oils, Transformer oils, Compressor oils, Greases) By Origin (Mineral, Synthetic and Semi-Synthetic)

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Ankur Gupta, Head Marketing & Communications
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Increase in Concerns Related to Health & Hygiene Expected to Drive World Sanitary Metal Ware Market over the Forecast Period: Ken Research

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Sanitary Metal Ware refers to the metal decorations inside the bathroom. It includes showers, floor drain, faucets, towel racks, gla platform, basket, toilet paper holder, and so on in bathroom use. It is available for the space bathing, residents defecate, washing & other daily health activities. It is made in various colors as per the requirement. It comes in numerous designs and variety of shapes & sizes, which provide great convenience. Its price varies widely owing to differences among sanitary metal ware pendant, functions and style. It is cost-effective, bear heavy load (more than 40 kg), useful for the long run, excellent resistance to chemical attacks, and easily cleaned due to its glossy surface properties.

According to study, “World Sanitary Metal Ware Market Research Report 2024(Covering North America, Europe, China, South East Asia, Japan and India)” the key companies operating in the world sanitary metal ware market are LIXIL Group Corporation, Paini, Kohler, Hansgrohe, Pfister, Masco Corporation (Delta Faucet Company), Grohe, Zucchetti, Roca, Hansa bath, MOEN, KWC, HCG, Damixa ApS bath, Dornbracht, Huayi, Lota, Jomoo, Hhsn, Joxod, Aoleishi, Dongpeng, Joyou, Sunlot, Yatin, Flova. Key companies are increasingly focusing on developing innovative & long lasting sanitary metal wear to gain an edge over competitors. Companies are also coming up with attractive colors & designs to penetrate sanitary metal ware market.

Based on product type, sanitary metal ware market is segmented into faucets, showers, floor drains, toilet paper holders, glass platforms, towel racks, and sanitary pendants. Sanitary pendants segment is further sub-segmented into paper holder and towel rack. Based on sales channel, market is segmented into distribution channel and direct channel. In addition, based on application, market is segmented into household, real estate project, commercial and others.

The sanitary metal ware market is driven by rise in construction activities in developing countries, followed by surge in availability of abundant raw materials, increase in concerns related to health & hygiene, rise in disposable income of consumers, healthy lifestyle, rise in demand for concept bathroom, growth in requirement of personal space & privacy among people, expansion in residential sector, surge in urbanization, strong replacement demand and growth in shift from unbranded products to branded products. However, stringent government regulations, low replacement rates and environmental concerns may impact the market. Moreover, supportive government initiatives for infrastructure development both in rural and urban areas is a key opportunity for market. 

          

Based on geography, China and North-America hold major share in sanitary metal ware market owing to increase in population and rise in gross domestic product (GDP) in the regions. China country is a top exporter of sanitary metal ware. Europe is expected to witness higher growth rate due to development in bathroom accessories and frequent usage of sanitary metal ware over the forecast period. It is anticipated that the market will be reached at rapid pace on account of new water saving technologies & sustainable material during the forecast period. The worldwide market is estimated to grow at a CAGR of approximately 14.9% over the next five years, will reach US $4260 million in 2024, from US $1850 million in 2019.

For more information, click on the link below:

Global Sanitary Metal Ware Market

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Ken Research                                   

Ankur Gupta, Head Marketing & Communications

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India Medical Device Market Analysis And Future Outlook: Ken Research

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India Diagnostic Imaging Market Segmentation

By Business Activity: Import of imaging devices accounted for revenue share of ~% in FY’2018. Import of imaging devices is mainly driven by technological products that are at high end of the value chain such as CT and MRI. Local production occupied a revenue share of ~% in the diagnostic imaging device market in FY’2018.

By Type of Device: MRI captured highest revenue share of ~% in FY’2018 in diagnostic imaging devices market of India. Higher cost of MRI machine (magnets) is a major driver behind realization of greater revenue stream. CT accounted INR ~ crore market revenue whereas ultrasound garnered INR ~ crore in FY’2018. X-Ray accounted for revenue market share of ~% in FY’2018. Cath lab due to their frequent use in performing cardiac catherization process garnered revenue of INR ~ crore in FY’2018. The remaining revenue market share was taken by Nuclear medicine which has PET, SPECT and cyclotron devices.

By MRI Device: 1.5T MRI captured ~% revenue market share of MRI device market in FY’2018. 3.0T MRI realized ~% revenue market share of MRI device market in FY’2018. 0.2-0.5T contributed to INR ~ crore of MRI market revenue. 1.5T MRI machines are cost effective in comparison with high field MRI. In addition, at high field there is problem of tissue overheating which can cause damage and RF field non-uniformity. This has led to the market being dominated by 1.5T MRI.

By CT: 16 Slice CT occupied highest revenue market share of ~% CT market in FY’2018. Preference towards provision of cost effective imaging facilities is the major reason behind 16 slice category dominating the Indian market. The <16 Slice CT segment accounted for ~% revenue market share In CT market in FY’2018. 64-128 Slice CT realized INR ~ crore in FY’2018. The >128 Slice CT captured ~% revenue market share of CT market in FY’2018.

By X-Ray Device: CR (Computerized Radiography) captured ~% revenue market share of X-Ray device market in FY’2018. Improvement in image quality and lowering of radiation exposure over conventional X-ray films led to rapid growth in CR segment. DR (Digital Radiography) registered revenue of INR ~ crore in X-ray market in FY’2018. Analog X-ray has a major market share in the total market volume owing to its low cost and was able to acquire a revenue share of ~% in FY’2018.

By Cath Lab: The flat panel digital cath lab occupied ~% revenue market share in cath lab market in FY’2018. Higher image resolution needed for cardiac catherization needed to identify ailments in vascular system and heart along with reduction in noise (optimal signal to noise ratio) are the major reasons behind flat panel digital cath lab dominating the market. Biplane occupied ~% revenue market share in cath lab market in FY’2018. Premium pricing has led to this device being able to occupy niche market.

By Nuclear Medicine: PET scanner occupied ~% revenue market share of diagnostic imaging nuclear medicine market in FY’2018. SPECT garnered revenue of INR ~ crore in FY’2018. The remaining market share was attributed to cyclotron business.

India Patient Aid Market Segmentation

By Type of Device: The orthopedic device industry captured the biggest share of ~% in pie of revenue in FY’2018 in patient aid industry. This is because of increase in number of orthopedic surgeries in the country which resulted in the expansion of orthopedic device industry at a CAGR of ~% during the period FY’2013-FY’2018. Hospital furniture industry has grown at a CAGR of ~% in terms of revenue during the period FY’2013 to FY’2018 to revenue of INR ~ crore in FY’2018. The hearing aid market occupied ~% revenue share in FY’2018 of the patient aid industry.

India Orthopedic Device Market Segmentation

By Business Activity: Imports drive major proportion of the market revenue of orthopedic devices. In FY’2018, imports captured ~% revenue share in the market. Local production of orthopedic devices generated INR ~ crore in FY’2018.

By Type of Device: Joints market constituted a revenue share of ~% in orthopedic device market in FY’2018. Trauma market occupied a revenue share of ~% in orthopedic device industry in FY’2018. Sports medicine industry was valued at INR ~ crore in the same period while Spine market registered a revenue share of ~%.

India Hospital Furniture Market Segmentation

By Type of Hospital Furniture: Hospital beds constituted the biggest chunk, ~% of the revenue of hospital furniture market in FY’2018. OT tables occupied ~% revenue share in hospital furniture industry in FY’2018 whereas OT Lights constituted ~% revenue share of the hospital furniture industry in FY’2018.

By Type of Hospital Bed: Manual hospital beds constituted ~% revenue share of the hospital bed industry in FY’2018, whereas  motorized beds generated revenue of INR ~ crore in FY’2018.

By Type of OT Table: The imported OT table segment garnered biggest revenue share of ~% in OT table industry in India in FY’2018. Indian OT Tables captured ~% revenue share in OT tables market in FY’2018.

By Type of OT Light: Imported OT lights constituted ~% revenue share in OT lights industry in FY’2018. Indian OT lights generated INR ~ crore in FY’2018.

India Hearing Aid Market Segmentation

By Business Activity: Import segment captured a revenue share of ~% in the market in FY’2018. Due to the presence of superior technology, skilled workforce and lower price of finished goods, hearing devices are largely imported and local manufacturing has a very niche share in the industry. Local production has garnered ~% revenue share in this market.

By Type of Device: Over the ear or non-customized hearing aid segmented dominated the hearing aid market by acquiring ~% revenue share in FY’2018. The remaining revenue market share was taken over by inside the ear hearing aids.

By Channel of Sales: Sales of hearing devices via dealers constitutes ~% revenue share in the market. The reason for this is presence of dealers throughout the subcontinent helps in business expansion to all areas in the subcontinent. Retail segment has constituted ~% revenue share in hearing devices market in FY’2018. Digital marketing is a niche segment of the entire market as it captures only ~% revenue share in FY’2018.

Competitive Landscape Covered in the Report

Indian medical device market is currently in its growth stage. In IVD device market, the competition is highly fragmented with presence of approximately ~ number of players as of FY’2018.  Players such as Roche, Transasia Biomedical, Beckman and Biomerieux have gathered significant share in the industry, some of the other notable players are Abbott Diagnostics, OCD, Bio-Rad Laboratories. In the Diagnostic Imaging device space, Wipro, GE Healthcare, Siemens Healthcare and Philips are leading in most of the device segments of the industry and the competition is rather concentrated. The competitive scenario in the patient aid market saw different players leading in various segments of the industry. The joints market with a revenue share of ~% is rather concentrated with players such as J&J, Smith and Nephew and Zimmer Biomet. The sports medicine market is dominated by companies such as Arthrex with market share of ~%, Smith & Nephew and Stryker also occupied significant market share in FY’2018. In the hearing aids industry valued at INR ~ crore, Widex Sivantos Audiology generated INR ~ crore by selling hearing aids in FY’2018.

What is the Future Potential of India Medical Device Market And Its Segments?

Indian Medical Device market is expected to increase from the value of INR ~ Crore in FY’2018 to the value of INR ~ Crore in FY’2023 and will witness a CAGR of ~% during the period FY’2018-FY’2023. The growth in the market will be facilitated by increase in number of hospitals, rise in public healthcare expenditure and growth in elderly population.

IVD Device: The IVD Device segment will continue to remain the leading segment in the India Medical Device market and will reach to a value of INR ~ Crore in FY’2023 and is expected to register a CAGR of ~% during FY’2018-FY’2023. The major growth driver will be increase in number of patients with lifestyle related disorders.

Patient Aid: Patient Aid will be the next leading segment in the market with the share of ~% in FY’2023. The market will witness a CAGR of ~% during FY’2018-FY’2023 and will reach to a value of INR ~ Crore in FY’2023. The market will witness positive growth due to increase in penetration of medical insurance in the country due to ‘Ayushman Bharat Scheme’ which will result in increase in number of surgeries owing to subsidies and higher coverage. Also, increase in the elderly population in India will affect the market growth positively.

Diagnostic Imaging: India Diagnostic Imaging Market will witness a five year CAGR of ~% during FY’2018-FY’2023 and will reach to a value of INR ~ Crore in FY’2023. The major growth will happen due to factors such as increase in number of healthcare establishments and growth in number of road accidents.

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

India Medical Device Market Research Report

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Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
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Growth in Number of Respiratory Tract Infection Expected to Drive World Drugs for Sinusitis Market over the Forecast Period: Ken Research

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Sinusitis is a common disorder where the sinus linings get inflamed & disrupt the respiratory path of the patient. It is generally affected by a viral infection or dust allergies. Some signs & symptoms include a plugged nose, thick nasal mucus, and pain in the face. In addition, other signs & symptoms may include headaches, sore throat, fever, poor sense of smell, and cough. 

According to study, “World Drugs for Sinusitis Market Research Report 2024(Covering North America, Europe, China, South East Asia, Japan and India)” the key companies operating in the world drugs for sinusitis market are Sanofi, AstraZeneca Plc., Abbott Laboratories, Bayer AG, Johnson & Johnson, Sun Pharmaceutical Industries Ltd., Novartis AG, Bionorica SE, Merck and Co. Inc., Bristol-Myers Squibb, Beximco Pharmaceuticals Ltd., Dr. Reddy's Laboratories, Amgen, Huasun, Pfizer, Eli Lilly and Company, CHIESI Farmaceutici Spa, Intersect ENT Inc., Zydus Cadila, GlaxoSmithKline Plc. The key players are acquiring numerous small & medium scale businesses in order to increase their resource bank & production capacity. Many companies are investing heavily on research & development (R&D) activities in order to gain a technical edge over their rivals and stay ahead in the competition of the control of global sinusitis drugs market.

Based on type, sinusitis drugs market is segmented into chronic sinusitis, recurrent sinusitis, acute sinusitis and sub-acute sinusitis. Acute sinusitis starts with cold like symptoms for instance stuffy nose, a runny and facial pain. Based on product type, market is segmented into antibiotics, decongestants, corticosteroids and others. Based on age-group, market is segmented into teenagers, children and adults. Based on application, market is segmented into neurology, musculoskeletal & spine, orthopedics, skin & integumentary and cardiology & vascular. In addition, based on end-user, market is segmented into surgical centers, hospitals and pharmacy store.

The sinusitis drugs market is driven by rise in prevalence of sinusitis, followed by increase in mergers & acquisitions, growth in number of respiratory tract infection, huge development in the medical device sector, various technological advancements in healthcare sector & pharmaceuticals companies, rise in number of bacterial, fungal infections & allergic reactions, increase in investment by key players in R&D, rise in cases of chronic rhinosinusitis (CRS) and growth in awareness among people about sinusitis treatment. However, unknown etiology of sinusitis, high cost associated with drugs of sinusitis, surgical intervention for sinusitis management, and the launch of generics may impact the market. Moreover, rise in technological advancements and growth in number of chronic sinusitis patients are key opportunities for market.

Based on geography, the USA country holds major share, followed by Europe in sinusitis drugs market owing to increase in incidence of sinusitis and rise in innovative products in the country. The China and India countries are expected to witness higher growth rate due to growth in awareness among people and increase in number of bacteria & viruses infections over the forecast period. It is projected that future of the market will be bright on account of increase in demand of antibiotics and growth in development in sinusitis treatments in developed & developing economies during the forecast period. The global market is anticipated to grow at a CAGR of approximately 3.6% over the next five years, will reach US $2410 million in 2024, from US $1950 million in 2019.

To know more, click on the link below:-

World Drugs for Sinusitis Market Research Report

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Ken Research

Ankur Gupta, Head Marketing & Communications

Sales@kenresearch.com

+91-9015378249

Increase In The Demand For Global Limonene Market Outlook: Ken Research

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The Limonene is a neutral liquid hydrocarbon with lemons such as fragrance and exists in the indispensable oil of the citrus fruits namely lemon essential oil, orange essential oil and several others. In the worldwide market of food and beverage, limonene is attaining the requirement due to its multi-faceted benefits in the pharmaceuticals, food and cosmetics and industry of beverage. The Limonene is majorly utilized as the flavor and fragrance additive in the end-use industry. It is an oral dietary complement encompassing a natural cyclic monoterpene and foremost component of the oil removed from citrus peels with impending chemopreventive and antitumor activities. The Limonene is extensively utilized as a flavor and fragrance and is listed to be commonly documented as safe in food by the food and drug administration.

According to the report analysis, ‘Global Limonene Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024’ states that in the global limonene market, there are numerous key players which recently working more enormously for leading the highest market growth and dominating the high value of market share across the globe throughout the short the span of time while upsurge in the requirement for the natural and healthy ingredients in the food and beverages, increasing the awareness amongst the geriatric populace related to the limonene and increasing the applications of the product includes Florida Chemical Company, Firmenich, Tropfruit, Citrosuco, Citrus Oleo, Ernesto Vents, Sucorrico, Agroterenas Citrus, Florachem, Lemon Concentrate and several others.

Additionally, the Limonene is removed from the citrus peels and is majorly concentrated in Brazil, the USA, and Europe. Presently, there are numerous producing corporates in the world limonene industry. The foremost players are Florida Chemical Company, Firmenich, Tropfruit, Citrosuco, Citrus Oleo, and Ernesto Vents. The worldwide production of limonene augments to 42944 MT in 2017 from 38371 MT in 2012 with an average growth rate of 2.28%. In 2016, the Global limonene potential utilization rate continued at around 80%.

The Limonene has several grades, which involve the pharmaceutical grade, food-grade and industrial grade. And each variety has benefit industries relatively. With pharmaceutical value and flavor consequence of limonene, the downs downstream application industries will demand supplementary limonene products. So, limonene has a wide market potential in the coming years. The Constructors affianced in the industry is trying to introduce good performance limonene through developing the technology.

However, in the consumption market, the global consumption value of limonene effectively grows with 3.67% average growth rate. And the USA and Brazil are the foremost consumption regions owing to the bigger requirement of the downstream benefits. In 2016, these two economies occupied 59.49% of the global consumption volume in total. The worldwide market for Limonene is expected to grow at a CAGR of roughly 2.5% over the next five years, will reach 340 million USD in 2024, from 300 million USD in 2019. Therefore, in the coming years, it is anticipated that the market of limonene will increase around the globe more positively over the coming years.

To Know More, Click On The Link Below:-

Global Limonene Market Outlook 2019

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

Sales@kenresearch.com

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Vietnam Cyber Security Market Research Report And Forecast: Ken Research

What Are The Major Challenges In The Vietnam Cyber Security Market?

Lack of government regulations is posing one of the biggest challenges in the Vietnam cyber security market which has been one of the major reasons in the exposure of the Vietnamese market to the cyber threats.

Vietnam is a very price-sensitive economy where people tend to opt for low-priced products and services, hence, budget constraint is one of the biggest challenges that the Small and the Medium Enterprises (SMEs) are facing in Vietnam due to the expensive security services and solutions.

Various companies/enterprises in Vietnam avoid availing the cyber security services for their operations because of the Budget constraints. Cyber security requires both technological expertise and legal compliances which though present, is in small proportions in the country. The country lacks in digital and human resources skills, poor IT platform for digital transformation and lack in the IT workforce which results as a challenge in the cyber security market. Awareness and capacity for safe use of the internet by the majority of Vietnamese users is still limited despite the series of laws on information security and network security.

Competitive Landscape in Vietnam Cyber Security Market

Competition within the Vietnam cyber security market was witnessed to be moderately fragmented with the presence of both international as well as domestic players of services and solutions in the country. Some of major companies such as Juniper Network, Cisco, Check Point Software Technologies, Symantec Corporation were witnessed to lead in terms of market share, followed by Hewlett Packard Enterprise Development LP, Kaspersky, Fortinet, CMC Corporation and others. Vietnam, cyber security companies are gaining momentum in the country due to the increase in the awareness about the cyber crimes in the country. With the development of the economy their exposure to the cyber crimes has also seen an increase. Cyber security companies are adopting a certain combination of strong distribution network and innovative mid-price models along with added features to make a value-add to the end user. These companies are offering multiple value added services such as advisory services, implementation services, managed services, onsite technical services, remote operational services and many more.

Vietnam Cyber Security Market Future Outlook and Projections

Over the forecast period 2019-2023E, the Vietnam Cyber Security market revenues are further anticipated to increase to USD ~ million by the year 2023E, thus showcasing a CAGR of ~%. Apart from the consistent growth in the corporate market, the security services and solutions sales in the Vietnam was observed to be driven by increase in the sophisticated cyber threats, digital development of SMEs and digital penetration across other various industry sectors. The trend is expected to stay the same in the near future. Owing to the growth cyber crimes, Vietnam is on the edge of becoming a mid-tier cyber crime hub which could open opportunities for many international companies looking to tap the Vietnam cyber security markets. This will further augment the growth of cyber security market in Vietnam and resulting in new product offerings in the market. Other factors that would contribute in the growth of this market include technological upgradation, increase in the awareness of the cyber crimes in the country, and increased investment in cyber security solutions by private and home users.

Key Segments Covered:-

Cyber Security Market

By Imported & Domestic Security Solutions

Imported Services and Solutions

Domestic Services and Solutions

By Type of Solutions:-

Firewall and Unified Threat Management (UTM)

Intrusion Detection System (IDS/IPS)

Antivirus/Antimalware

Identity and Access Management (IAM)

Encryption

Data Loss Prevention (DLP)

Disaster Recovery

IoT Devices

By End User:-

Banking & Finance

Government

IT & Telecom

Retail

Healthcare

Energy & Power

Private Use

Others

By Type of Security:-

Network Security

Application Security

End- Point Security

Mobile & Wireless Security

Content Security

Cloud Security

Key Target Audience:-

Banks and Financial Institutions

Government Organizations

Retail Companies

Hospitals and Clinics

Airports

Cloud Computing Services Companies

IT- Companies

Home Users

Time Period Captured in the Report:-

Historical Period - 2013-2018

Forecast Period - 2019-2023E

Major Companies Covered:-

Juniper Network

Cisco

Check Point Software Technologies Ltd

Symantec Corporation

Hewlett Packard Enterprise Development LP

Kaspersky

Fortinet

CMC Corporation

Other Players:-

Vietnam Security Network (VSEC)

Vietnam Cyberspace Security technology (VNCS)

BAE Systems

CyRadar

IBM Corporation

Trend Micro

Oracle

Wanders

Sophos

Sentry Bay

AVG Technologies

Fire Eye

For more information, refer to below link:-

Vietnam Cyber Security Market

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Rise in Food Safety Concerns Expected to Drive World Near-Infrared Spectroscopy Market over the Forecast Period: Ken Research

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Near-infrared or NIR spectroscopy is a measurement of the wavelength and intensity of the absorption of NIR light by a sample. NIR spectroscopy is usually used for quantitative measurement of organic functional groups such as O-H, N-H, and C=O. Spectroscopy is a technique, used to determine the structure, mass, and composition of a substance. It is the study of an interaction between matter and electromagnetic radiation. Its primary benefit for industrial applications is an ability to employ robust, low-cost optical fibers to form a convenient optical probe for collecting the spectral data on which the material documentation is based. The matter includes atoms, atomic or molecular ions, molecules, and solids. The nature of the interaction between matter and the radiation may include absorption, emission, or scattering.

The key advantages are included multicomponent analysis, high energy sources, mature technology, large dynamic range of sample thickness, medium sensitivity, low maintenance costs, limited operator training needed, long path length cells, favorable S/N ratio, non-invasive & non-destructive, mature technology, fiber optic probes and others. Apart from advantages, few of the disadvantages are included dependence on a large reference set, influence of sample morphology, troublesome calibration transfer, lack of reference data, strict sample temperature control required and need for quantitative calibration model.

According to study, “World Near-infrared Spectroscopy Market Research Report 2024(Covering North America, Europe, China, South East Asia, Japan and India)” the key companies operating in the world near-infrared spectroscopy market are Thermo Fisher Scientific, Agilent Technologies, Bruker, Shimadzu, Fo A/S, Sartorius, PerkinElmer, Yokogawa Electric, Jasco, ABB, Buchi Labortechnik, Kett Electric. The key vendors are introducing products with a high storage capacity especially for applications which need to store huge amounts of data for instance drones, action cameras, and video surveillance systems.

Based on type, near-infrared spectroscopy market is segmented into UV-Vis-NIR, FT-NIR and other types. Based on product, market is segmented into portable and bench top. In addition, based on application, market is segmented into polymer industry, pharmaceutical industry, food & beverage industry and oil & gas industry. The food & beverage industry use NIRS to detect food quality due to advantages such as no requirement of sample preparation, high speed of measurement, no change in food properties, low cost and lack of substance pollution. It is mainly used to analyze the fermentation, flavors, and fragrances of food products.

The near-infrared spectroscopy market is driven by rise in food safety concerns, followed by gradual growth in atomic & molecular physics and increase in use of NIRS during process monitoring. However, lack of awareness among physician and high cost of device may impact the market. Moreover, transition toward cloud-based technologies is a key trend for market.

Based in geography, the North-American region holds major share, followed by European region in near-infrared spectroscopy market owing to extensive use of the technology in research & development (R&D) process in the region. China and India countries are expected to witness higher growth rate due to availability of resources and rise in demand for research process caused by the economic environment over the forecast period. It is projected that the market will be reached at US $580 million by 2024, at a CAGR of 3.9%.

To know more, click on the link below:-

World Near-infrared Spectroscopy Market

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Global Near-infrared Spectroscopy Market Analysis 2013-2018 and Forecast 2019-2024

Near-infrared Spectroscopy (NIRS) Equipments Market Research: Global Status & Forecast by Geography, Type & Application (2015-2025)

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