Monday, March 16, 2020

Philippines Used Car Market is Expected to Reach Over 1.9 Million in terms of Sales Volume in Units by the End of 2023: Ken Research

      • The increasing prominence of online classified and auto portals in the Philippines has started impacting the buying behavior of customers in the used car market. The advent of digital technology has given varied domains to the customers, which they can explore to find the most suitable car for themselves.
      • The multi-brand dealers and banks are strategically partnering with online classifieds and online auto portals to make the car buying process more accessible and transparent for the buyers. Also, the banks have started collaborating with websites such as Auto Deal for pre-owned and new vehicle financing.
Growth Enablers: Growth in the Philippines used car market in future will be facilitated by simplified documentation & licensing processes, penetration of online sales channel, pivot towards certified cars due to change in the customer purchase funnel, more volumes of repossessed car auction, robust after-sale services, entry of new players, expanding geographical presence of major players, improvements in technology and new marketing strategies and product stream diversification. These improvements should expand the number of pre-owned personal and commercial vehicles purchased, thereby growing the market.
Government Push: The Tax Reform for Acceleration and Inclusion (TRAIN) Act in the Philippines has made new vehicles more expensive because of which individuals have resorted to certified and non-certified pre-owned vehicles. The planned highways and road improvements by the government are estimated to ease the congestion in the country and provide better and wider roads. The focus on public transport and ride-sharing services to combat the traffic will also expand the used car sales in the Philippines.
Philippines Used Car Industry
Increasing Prominence of Online Sales Channel: The online space is expected to increase the volume of used cars traded. Social media websites such as Facebook and Instagram have played important roles for individuals, multi-brand dealers and the DDSA’s to list the fleet of a vehicle in stock for free or negligible cost. The promotion fees/ fees to boost the target audience on social media are way lower than the listing fees charged by the online auto portals or classified pages in the Philippines.
Ken Research in its latest study “Philippines Used Car Market Outlook to 2023- by Market Structure (Organized and Unorganized Market), by Origin of Sale (Direct Dealership Sales Agent, Repossessed Units Sold By Banks and Multi-Brand Dealers), By Sales Channel (Online and Dealership Walk-ins), by Average Vehicle Replacement Period and by Major Car Manufacturer Brands” suggests a five-year CAGR of around 5.7% on the basis of the volume of used car sales for the time period 2019-2023 due to introduction of TRAIN tax on new vehicles and rising inflation in the country.
For More Information on the market research report, please refer to the link below:-
Key Segments Covered:-
Philippines Used Car Market Overview and Size
By Type of Market Structure
Organized Market
Unorganized Market
By Type of Sales Origin (Organized Market)
Direct Dealership Sales Agent
Repossessed Units Sold By Banks
Multi Brand Dealers
By Type of Sales Channel (Organized Market)
Online Platforms
Dealership Walk-ins
By Average Ticket Size of Used Vehicle
By Average Vehicle Replacement Period
By Type of Vehicle Manufacturer/Brand
Japanese Brands
German Brands
American Brands
Korean Brands
Other European Brands
British Brands
Others
Key Target Audience
Potential Direct Dealership Sales Agents
Existing Multi-Brand Dealerships
Banks & Subsidiaries
Captive Finance Companies
Non-Banking Financial Institutions
Cab Aggregators and Car Rental Companies
Government Organizations
Online Auto Portals
Classified Pages
Investors and VC Firms
Industry Associations
Time Period Captured in the Report:
Financial Year 2014-2018: Historical Period
Financial Year 2019-2023: Future Forecast
Companies Cited in the Report:
Brand
Toyota
Nissan
Hyundai
Honda
Mitsubishi
Ford
DDSA
Toyota Certified
Honda Philippines
Nissan Intelligent Choice
Hyundai Philippines
Mitsubishi Certified
Banks
BDO
PS Bank
BPI
East-West Bank
China Bank
RCBC
May Bank
Sterling Bank
Security Bank
Classified Pages/ Online Auto Portal
Phil Kotse.com
OLX
Auto Deal.com
Carmudi Philippines
Key Topics Covered in the Report:-
Philippines Used Car Market Overview
Philippines Used Car Market Size on the Basis of Value, 2014–2018
Philippines Used Car Market Size on the Basis of Volume of Used Cars Sold, 2014–2018
Philippines Used Car Market Segmentation by Market Structure (Organized and Unorganized)
Philippines Used Car Market Segmentation by Sales Channel (Online Vs Offline)
Philippines Used Car Market by Origin of Sale (DDSA, Banks Repossessed Car Auctions and Multi-Brand Dealers)
Revenue Model of Key Classified Pages and Online Auto Portals
Strengths and Weaknesses of Major Players in the Philippines Used Car Market
Company Profile of Major Players in the Philippines Used Car Market
Future Outlook and Projections in Philippines Used Car Market (2019-2023)
Analyst Recommendations
Related Reports by Ken Research:-
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Ken Research
Ankur Gupta, Head Marketing & Communications
+91-9015378249
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Significant Growth in the Landscape of Global Anisotropic Conductive Paste Market Outlook: Ken Research

The anisotropic conductive paste (ACP) is a measureable material for associating two circuits, or a circuit and an effective electrical device. It positively comprises filler and binder, the conductive filler permits the electricity after the heat press and the binder bonds the circuits. Whereas, the anisotropic conductive film has the same operational as ACP. But the anisotropic conductive paste is effectively convenient to introduce and it is cheaper than anisotropic conductive film.

According to the report analysis, ‘Global Anisotropic Conductive Paste Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use’ states that there are enormous players which recently operating more actively for leading the fastest market growth and registering the highest value of market share across the globe in the near years while developing the applications of the product, advancing the technologies of production, improving the productivity of the product, spreading the awareness related to the benefits of the product and establishing the numerous research and development programs includes DELO, Henkel, Panacol, Three Bond, Sun Ray Scientific, Tatsuta and several others.

Nonetheless, the large and effectively worldwide players across the worldwide market of anisotropic conductive paste are proficiently investing the efficient amount of money for advancing the production function, increasing the applications and productivity of the product and studying and analyzing the restrict regulations of the government. Not only has this, the wide players are scheduling for acquiring the small and medium enterprises along the strategies of joint ventures, mergers and acquisitions, partnerships and amalgamation for ruling across the globe and generating the effective percentage of revenue.

However, based on the type, the market of anisotropic conductive paste globally is divided into different segment such as mineral oil, synthetic lipid oil and silicone oil. Whereas, on the basis of application, the worldwide market of anisotropic conductive paste is fragmented into cameras, displays, photovoltaics and interconnections for the photovoltaics.

Based on the region, the market of anisotropic conductive paste is segmented into different regions such as Asia Pacific region, Europe, North America, Middle East and Africa and South America. The Asia Pacific region is predicted to control the foremost share of the anisotropic conductive film market in the near future. Taiwan, Korea, and Japan are predicted to lead the market for anisotropic conductive film. These regions coupled with other regions such as China, Singapore, and Malaysia are predicted to generate the Asia a conspicuous player in the ACF market. The market is anticipated to enlarge at a speedy pace in economically underdeveloped regions such as China, Brazil, and Russia. 

Not only has this, the North America region also expected register the effective amount of share owing the significant advancement in the technologies, speedy modernization and advanced industrialization in the coming years more significantly. The efforts of Europe region not be ignorable as the advanced players are significantly doing their job for enhancing the product technologies along the productivity of the product. Therefore, in the near years, it is predicted that the market of anisotropic conductive paste will increase around the globe over the coming years.

For More Information, click on the link below:-
Global Anisotropic Conductive Paste Market Research Report

Related Reports:-
Global Anhydrous Ferric Chloride Market Report 2019, Competitive Landscape, Trends and Opportunities
Global Anhydrous Ferric Chloride Market Analysis 2013-2018 and Forecast 2019-2024

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Ken Research
Ankur Gupta, Head Marketing & Communications
ankur@kenresearch.com
+91-9015378249
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Augment Requirement of Convenience Foods Lead Growth of Food Stabilizers Market Outlook: Ken Research

The food stabilizers are the substances or chemicals that effectively enables unblended food ingredients to remain the homogenous. It maintains the physio-chemical state of a foodstuff to confirm the homogenous dispersion. It supports to retain the color, texture, shape, stability and consistency of the food products. The advantages have augmented the usage of food stabilizers, in a broad variety of food products namely confectionary, bakery, dairy product, convenience food and beverages, sauce and several others.
According to the report analysis, ‘Global Food Stabilizers Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use’ states that in the worldwide market of food stabilizers there are numerous companies which presently functioning more actively for leading the fastest market growth and registering the handsome value of market share around the globe over the near years more progressively while increasing the applications of the food stabilizers, advancing the technologies of production, delivering the better consumer satisfaction, studying and analyzing the government’s regulations and employing the young workforce includes DuPont, Cargill Inc, Palsgaard, Advanced Food Systems Inc, Glanbia Nutritionals, Kerry Group Plc, Ashland Inc., Associated British Foods Plc., Koninklijke DSM N.V., Chemelco International B.V., Archer Daniels Midland Company and several others.
Based on the type, the market of food colorant is segmented into pectin, gelatin, carrageenan, xanthan gum and guar gun. However, on the basis of application, the worldwide market of food colorant is sectored into different segments such as bakery, confectionery, dairy product, sauce and dressing, beverage, convenience food and meat and poultry product.
During the recent trend, the effective usage of the food stabilizers has augmented in the present years, due to the appearance of the convenience food & organic food and encouragement of the westernized food habits. The market is effectively influenced by the significant growth in the disposable income, growth in the opportuneness food sector, and augmented requirement for the food stabilizers in the dairy & confectionery industry. Meanwhile, the vigorous restriction on the utilization of certain stabilizer blends, vigorous government regulations on usage & quantity, and customer preference for fresh food restrict the market growth.
Although, the food stabilizer market is significantly influenced by the positive growth in the requirement for the convenience food and the foremost increasing drive of the westernized food consumption patterns paired with the positive growth in the preference for the specialized and customized blends by the food and beverage processing which has influenced the application of food stabilizers in the market. Not only has this, the effective growth in the requirement for the prepared and convenience food products namely baked goods, ice-cream, yogurt, beverages and several other ready meals amongst the customers have been observed with an augmenting the trend. This is owing to the features of the convenience food namely the lesser preparation duration and conveniently controlling that offers a benefits to the customers in their busy life planning. The food stabilizers create up a very small portion of the complete product, but they have an effective impression on the final packages product. Therefore, in the near years, it is predicted that the market of food stabilizers will increase around the globe over the coming future more progressively.
For more information, click on the link below:
Related Report
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Ken Research
Ankur Gupta, Head Marketing & Communications
+91-9015378249
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Increase in Consumer Preference for Natural Products in Food and Cosmetics Industries Projected to Drive Global Frankincense Oil Market: Ken Research

As per study, “Global Frankincense Oil Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use” some of the key companies working in the global frankincense oil market areAsian Group, Harry Baba, Cn Lab Canada, Kanta Enterprises Private Limited, Herblink Biotech Corporation, Karmotech, Koprulu Makina Hirdavat Insaat Tarim Gida Biyo Enerji Kimya Sanayi Ve Ticaret Limited Sirketi, Katyani Exports,Organic Herb Inc., Ngai Tin Enterprise - Chelsea, BO International, Praveen Aroma Pvt Ltd, Xian Fengzu Biotechnology Co., Ltd., Zen Supplements Ltd, Ambe Phytoextracts Private Limited, AVA Plant Co., Ltd., Shaanxi Orient Industrial Co., Ltd., Zhong Tang (Dalian) Materials Co., Ltd.,Lala Jagdish Prasad & Co., Nuvaria Ingredients, Aromaaz International, Ecuadorian Rainforest, LLC.


Frankincense is an oleogum-resin, also called olibanum. It is attained from the dried & distilled resin of the Frankincense tree. Its main components are incensole, octyl acetate, octanol, incensole acetate, alpha-pinene, and alpha-thujen. Its potent aroma can be defined as earthy, woody, and spicy with a fruity nuance. It contains several properties that stimulate the immune system, reduce feelings of anxiety, and diminish signs of aging, among other demonstrated activities. It is also used as an ingredient in incense, perfume and skin care products. In aromatherapy, the oil is typically used for such conditions like Indigestion, Anxiety, cough, cold and ulcers. It is also used to alleviate stress & relieve pain.

Based on type, frankincense oil market is segmented into synthetic frankincense oil and natural frankincense oil. Based on application, market is segmented into skin care, medicine, oral care and others. Based on distribution channel, market is segmented into direct channel, and indirect channel. The indirect segment is further sub-segmented into specialty stores, drug store, modern trade, online stores and other retail stores. In addition, based on end use industry, market is segmented into therapeutic, cosmetic, food and others.

The frankincense oil market is driven by growth in demand for organic & natural beauty products in both developed and developing economies, followed by increase in awareness among consumers regarding the benefits of frankincense oil such as lowering joint pain, the promotion of healthy cell regeneration, lowering blood pressure &stress among the consumers. However, limited availability of raw materials and presence of local players may impact the market. Moreover, rise in disposable income of the customers in developing economies is a key opportunity for market. Furthermore, increase in investment in research & development (R&D)among global producers and growth in adoption of online platform by retailers to provide frankincense oil products to consumers are major trend for market.

Based on geography, the Asian-Pacific region dominates the frankincense oil market owing to rise in number of retail outlets and large consumer base in the region. Whereas, the European and North-American regions are estimated to witness higher growth rate due to mature market & presence of key manufacturers and change in lifestyle of people over the forecast period. In upcoming years, it is expected that the market will be reached at rapid pace on account of rise in number of emerging economies during the forecast period.

For More Information, refer to below link:-
Global Frankincense Oil Market

Related Reports:-
Global Frankincense Essential Oil Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use

Frankincense Essential Oil Market Research: Global Status & Forecast by Geography, Type & Application (2015-2025)

Frankincense Oil Market Research: Global Status & Forecast by Geography, Type & Application (2015-2025)

Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
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Growth in Oil and Gas Industry Expected to Drive Global Fracking Fluid Market: Ken Research


Fracking is a well-stimulation technique in which rock is ruptured by a pressurized liquid called fracking fluid. Fluids used in the process are water-based, foam-based, and gelled-oil-based products. Fracking fluid is a chemical mixture used in drilling operations to enhance the quantity of hydrocarbons that can be extracted. The fluid prevents decomposition of the well. It also lubricates the extraction manner, and prevents clogs & bacterial growth, among other functions. It falls within such cryptic sorts as carrier or base-fluid, scale inhibitors, biocides, solvents, friction reducers, corrosion inhibitors, additives, and non-ionic surfactants – which is a catch-all type for dozens of fluids like Naphthenic Acidethoxylate or Poly (Oxy-1,2-Ethanediyl), Alpha-(4-Nonylphenyl)- Omega-Hydroxy-, Branched.

According to study, “Global Fracking Fluid Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use” the key companies operating in the global fracking fluid market are BASF SE, Schlumberger Limited, Dow Chemical, Chevron Phillips Chemical Company, E.I. Dupont De Nemours & Co., Weatherford International Ltd., Halliburton Co., Clariant International Ltd., Baker Hughes, Albemarle Corporation, Solvay S.A., Calfrac Well Services Ltd., Akzonobel N.V., Economy Polymers & Chemicals, Ashland Inc., Reagent Chemical and Research, Nabors Industries, Patterson-Uti Energy, Inc., FTS International. The key players are directing on various growth strategies, including organizational restructuring, to increase their geographical reach and improve their market share.

Based on fluid type, fracking fluid market is segmented into gelled-oil based fluids, foam-based fluids, slick water-based fluids, oil based fluids, water based fluids, synthetic based fluids and other base fluids. The water based fluids segment holds major share in market owing to rise in concern towards toxicity and biodegradation of fracking fluids. Based on well type, market is segmented into vertical and horizontal. Horizontal drilling is used to extract oil & gas resources by covering a huge surface area and growing the rate of production of gas.

Based on function, market is segmented into pH adjusting agent, scale inhibitor, iron control agent, friction reducer, gelling agent, corrosion inhibitor, cross-linkers, biocide, clay stabilizer, acid, breaker and other fracking chemicals. Based on technology type, market is segmented into sliding sleeve and plug-and-perforation. In addition, based on application, market is segmented into pharmaceuticals and chemicals.

The fracking fluid market is driven by growth in mining and oil & gas industry, followed by rise in demand for longer lateral services, increase in unavailability of easy oil, rise in shifting towards developing unconventional resources, growth in energy demand, stabilizing rate of drilled but uncompleted (DUC) well inventory and favorable government policies. However, environmental hazard caused by fracturing may impact the market. Moreover, eco-friendly fracking fluids are a key opportunity for market.

Based on geography, the North-American region holds major share in fracking fluid market owing to rise in use of modern fracking techniques to obtain oil & gas from abundant reserves in the region. Whereas, the Asian-Pacific and European regions are estimated to witness higher growth rate due to rapid urbanization & industrialization and rise in consumption of fuels in domestic & industrial activities over the forecast period. In upcoming years, it is expected that future of the market will be optimistic on account of increase in many horizontal wells and rapid growth in the drilling activities during the forecast period.

For More Information, refer to below link:-
Global Fracking Fluid Market

Related Report:-
Fracking Fluid Market Research: Global Status & Forecast by Geography, Type & Application (2015-2025)

Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
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Growth in Inclination toward Energy Optimization Expected to Drive Global Gas Turbine Aero-Derivative Services Market: Ken Research

Aero-derivative gas turbine refers to light-weight gas turbine. It blends fuel with air to produce the required energy output. It has higher efficiency and is comparatively lighter than its alternative option for instance traditional gas turbines. It is mainly classifies as combined or closed cycle technology and open cycle technology. Most of the turbines are functioned based on open cycle technology. Aero-derivative gas turbine is in higher demand than other types of turbines owing to its higher flexibility, lower carbon footprint and shorter maintenance time. It is used in various industries, such as marine, oil & gas, and aviation industry.
According to study, “Global Gas Turbine Aero-Derivative Services Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use” the key companies operating in the global gas turbine aero-derivative services market are General Electric, Mitsubishi Hitachi Power Systems, Siemens, Kawasaki Heavy Industries, Wood Group, MTU Aero Engines, Solar Turbines, MAN Diesel & Turbo, AnsaldoEnergia, MJB International, Sulzer, Proenergy Services. With rise in competition in the market owing to presence of limited number of manufacturers, key companies are heavily investing in expanding their research & development (R&D) facilities to develop & design durable, high-strength, efficient, and high-quality turbines. Moreover, companies are striving to develop cost-effective, efficient, and sustainable technologies for application of aero derivative gas turbines.
Based on capacity, gas turbine aero-derivative services market is segmented into < 50 KW, 50 KW-500 KW, 500 KW-1 MW, 1 MW-30 MW, 30 MW-70 MW and> 70 MW. Based on technology type, market is segmented into open cycle technology and combined cycle technology. Combined cycle technology segment holds major share in market owing to growth in industry inclination towards supportable energy resources along with stringent norms across conventional fuels. Based on application, market is segmented into heavy duty services and aero-derivative services. In addition, based on end-user, market is segmented into defense, energy industry, marine, oil & gas industry and aviation industry.
The gas turbine aero-derivative services market is driven by increase in demand for capability enhancement in aviation, followed by rapid industrialization, increase in disposable income of people, large scale renewable integration prospects, growth in restructuring of electrical infrastructure, rise in focus on cogeneration technology to fulfil increasing demand for electricity and increase in focus on maritime defense forces.However, presence of limited number of manufacturers may impact the market. Moreover, rise in demand for reliable power sources and growth in sustainable &efficient technologies are key opportunities for market. Furthermore, increase in applicability of gas-powered turbine technology across oil & gas sector is a major trend for market.
Based on geography, The North-American and European regions hold major share in gas turbine aero-derivative services market owing to rise in shale gas revolution, growth in inclination toward energy optimization and positive clean energy outlook in the region. Whereas, the Asian-Pacific region is expected to witness higher growth rate due to rise in focus toward decentralized generation technologies and increase in renewable energy integration over the forecast period. In upcoming years, it is anticipated that future of the market will be bright as a result of light weight, short maintenance downtime, low carbon footprint, and high cycle flexibility associated with aero derivative gas turbines during the forecast period.
For More Information, Click on the Link Below:-
Global Gas Turbine Aero-Derivative Services Market
Related Reports:-
Gas Turbine Aero-Derivative Services Market Research: Global Status & Forecast by Geography, Type & Application (2015-2025)
Global Gas Turbine Aero-Derivative Services Market Analysis 2013-2018 and Forecast 2019-2024
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
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Growth In The Landscape Of The Global Fracking Chemicals And Fluids Market Outlook: Ken Research

The fracking chemicals and fluids are an effective variety of chemicals and solutions which are positively utilized in the hydraulic fracturing of the rock by a compelled fluid. They are significantly categorized based on horizontal and vertical products. Several varieties of the fluids are positively utilized in the procedure namely foam-based, water-based and gelled oil-based products. In terms of chemicals, few of the solutions namely scale inhibitors, corrosion inhibitors, surfactants, and friction reducers are functional in the procedure of fracking. Moreover, the global market of fracking chemicals and fluids has been observing a positive growth, owing to the continued advancement of the unconventional foundations of the oil and gas, coupled with the positive growth in the requirement for energy security in several regions.
According to the report analysis, ‘Global Fracking Chemicals and Fluid Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use’ states that in the worldwide fracking chemicals and fluid market there are numerous companies and different entities which presently functioning more actively for leading the fastest market growth and registering the handsome value of market share across the globe throughout the review duration while increasing the applications of the product, developing the technologies of production, implementing the effective strategies and policies, delivering the better consumer satisfaction and employing the young workforce includes Akzo Nobel, Dow Chemical, Clariant, BASF, Albemarle, Calfrac Well Services, Halliburton, Chevron Phillips Chemical, FTS International, Weatherford, Baker Hughes, Trican Well Services, Solvay, DuPont, and several others.
Global Fracking Chemicals And Fluids Market
The market for fracking fluids and chemicals globally has been witnessing the noteworthy growth on dominate of the transforming the trends in drilling from vertical to horizontal as more eccentric reserves are being commissioned. Possessions such as shale gas demand the momentous quantity of the horizontal drilling to cover enormous surface locations, effective growth in the rate of introduction of the gas which in turn is predicted to boost the requirement for the fracking fluids in horizontal drilling applications. For instance, fracking has been facing a lot of antagonisms owing to the surrounding hazards caused by splintering which in turn is predicted to restrict the growth of the market. The efficient growth with the aim of conducting extensive R&D happenings to manufacture developed the chemicals and fluids which are eco-friendly in nature are predicted to deliver the new opportunities for the growth of the market.
Based on the type, the market of fracking chemicals and fluids globally is sectored into foam-based, water-based and gelling oil-based. Whereas, on the basis of applications, the global fracking chemicals and fluids is segmented into oil recovery and shale gas. Furthermore, based on geography, the market of fracking chemicals and fluids is spread across the globe which majorly involves the Asia Pacific region, Europe, North America, Middle East, and Africa and South America.
North America was the principal customer for the fracking chemicals and fluids market majorly owing to the advanced technology prevail to drill and recover the gas and oil from unconventional possessions. Other regions such as the Asia Pacific region are predicted to observe significant growth due to the number of industrial activities in the country. Therefore, in the near years, it is predicted that the market of the fracking chemicals and fluids will increase around the globe over the near years more significantly.
For More Information, Click On The Link Below:-
Related Reports:-
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-9015378249
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