APAC Flexible Workspace Market, APAC Flexible Workspace Industry: Ken Research

How is the Flexible Workspace market Positioned in APAC?

Growing traction to the concept of teleworking, the growing gig economy, increasing number of start-ups and changing business strategies had lead to the emergence of co-working industry. The growing millennial population value work-life balance more than ever and increasing productivity and efficiency of the workforce is becoming increasingly important for employers.

Tech enabled flexible workspaces enable employers to provide flexibility to its employees and fosters employee retention. On the other hand enterprises, MSME’s, start-ups and entrepreneurs can benefit from flexible rental agreement which enable them to face the growing number of business uncertainty and convert CAPEX to OPEX.

How is the Flexible Workspace market Positioned in APAC?

Growing traction to the concept of teleworking, the growing gig economy, increasing number of start-ups and changing business strategies had lead to the emergence of co-working industry. The growing millennial population value work-life balance more than ever and increasing productivity and efficiency of the workforce is becoming increasingly important for employers.

Tech enabled flexible workspaces enable employers to provide flexibility to its employees and fosters employee retention. On the other hand enterprises, MSME’s, start-ups and entrepreneurs can benefit from flexible rental agreement which enable them to face the growing number of business uncertainty and convert CAPEX to OPEX.

The flexible workspace operators are evolving their offering according to the evolving needs of the corporate world as the industry cements itself as a mainstream real estate asset class.

More and more traditional building owners are participating in the flexible workspace industry by switching from transactional business providers to hospitality and service providers.  Landlords are either introducing their own co-working brands or they are partnering with flexible workspace operators to inculcate flexibility in their traditional office buildings.

The flexible workspace industry in APAC has gained traction during the period 2016-2017 when the global market leader WeWork expanded its presence in multiple countries in APAC. In response to WeWork’s expansion many local and regional players have emerged in different countries and as of 2019, in most the countries the industry is collective dominated by local players of that particular country.

The flexible workspace industry in APAC is positioned to be at growth stage. The supply in the industry has grown from ~ million sq ft in 2016 to ~ million sq ft in 2019, registering a double digit CAGR of ~% in the period 2016-2019. The industry has been evolving ever since its inception, with major trends in the industry being growing number of local players, changing amenity mix or amenitisation, increasing market consolidation, development of premium design workspaces at premium locations and increasing landlord participation.

How is Supply Segmented in APAC Flexible Workspace Market?

By Type of Flexible Workspace: In the recent past, the flexible workspace industry in APAC has transformed itself from a pure play co-working space provider  catering to freelancers, small business and start-ups to serviced or managed space provider catering to the large corporate. Serviced space are fully customized, furnished and managed private or semi-private facility, maintained and operated by an operator for a client who agrees to pay a composite fee for its use. In 2019, it contributed the maximum market share in the overall supply of flexible workspace in APAC.

By Country: In 2019, more than 60% of the total supply of flexible workspace in APAC was accounted by India and China. The supply in Vietnam, South Korea and Japan has been growing at the fastest pace during 2016-2019. Since the industry is highly localized the trends in different countries differ. For instance, unlike India, China and Philippines, landlords are not looking to enter into joint venture partnerships because they have high bargaining power due to low availability of office space.

How Has the Demand Changed in APAC Flexible Workspace Industry?

Grade A amenities at affordable prices have attracted SMEs, start-ups, freelancers as well as enterprises to occupy flexible offices. Flexible workspace operators are creating co-working locations that fosters work-life balance by inculcating various lifestyle spaces such as gyms, swimming pools, gaming rooms, sleeping pods, cafes, restaurants and others. Operators are also focusing on provision of business support services such as business concierge, accounting & bookkeeping, HR & payroll management and others which enable occupiers to concentrate on their core business. Operators are also forming strategic partnerships with software providers, cafes & restaurants, travel companies and others in order to provide added benefits to tenants.

The various initiatives taken up by flexible workspace operators have driven the demand of flexible workspaces in APAC. The demand in the region has drastically increased from ~ million sq ft in 2016 to ~ million sq ft in 2019 registering a double digit CAGR of ~% during the time period 2016-2019. In 2019, the average occupancy rate in all the countries was estimated to be more than 75%.

By End User Type: In 2019, enterprises were the major occupier of flexible workspaces in APAC. Large enterprise are opting for serviced spaces to avoid the hassles of long term leasing and managing office spaces, which incurs heavy costs.

Key Segments Covered:-

By Type of Flexible Workspace

Serviced Spaces

Hybrid Spaces

Co-Working Spaces

By Country

India

Bangalore

Delhi NCR

Mumbai

Pune

Hyderabad

China

Shanghai

Beijing

Shenzhen

Hong Kong

Chengdu

Guangzhou

Australia

Melbourne

Sydney

Japan

Tokyo

Singapore

South Korea

Seoul

Philippines

Metro Manila

Vietnam

Ho Chi Minh City

Hanoi

By End Users

Enterprises

MSME’s/Start Ups

Entrepreneurs/Freelancers

Key Target Audience:-

Flexible Workspace Operators

Office Brokers/Aggregators

Commercial Real Estate Companies

Venture Capitalist and PE Firms

Real Estate Consultant

Office Furniture Providers

ICT Providers

Time Period Captured in the Report:-

Historical Period – 2016-2019

Forecast Period – 2019-2025

Companies Covered in the Report:-

APAC Flexible Workspace Market

IWG

WeWork

The Executive Centre

Compass Office

JustCo

Servcorp

Local Players in India Flexible Workspace Market

Awfis Space Solutions

IndiQube

Smartworks

91Springboard

Innov8

Vatika Business Centre & Co-working Spaces

InstaOffice

Local Players in China Flexible Workspace Market

Ucommune

MyDreamPlus

Distrii

Kr Space

SOHO 3Q

People Squared

Atlas Workplace

Servoffice

Local Players in Japan Flexible Workspace Market

ZXY

WorkStyling

Cross Office

Business Airport

LIFORK

Mitsubishi Estate (BRANDS: Finolab, The Premium Floor, Inspired.lab, Global Business Hub, EGG JAPAN)

Expert Office

SENQ

Local Players in Australia Flexible Workspace Market

Victory Offices

WOTSO Workspace

Workspace365

Corporate House

Asia Pacific Serviced Offices

Hub

Space & Co.

Christie Spaces

Local Players in Singapore Flexible Workspace Market

The Work Project

The Great Room

Found8

ClubCo

Local Players in Philippines Flexible Workspace Market

KMC Co-working Space

Clock In

Common Ground

vOffice

Project T Solutions

A-Space

Local Players in Vietnam Flexible Workspace Market

Toong

Up Co-Working

G Office

Cogo Co-working

Dreamplex

eSmart

CirCo

Local Players in South Korea Flexible Workspace Market

FASTFIVE

SPARKPLUS

BIZSQUARE & MoA

GARAGE

Heyground

For More Information, refer to below link:-

APAC Flexible Workspace Market

Related Reports:-

India Flexible Workspace Market Outlook to 2025- By Type (Hybrid Spaces, Serviced Spaces and Co-Working Spaces), By City (Bangalore, Mumbai, Delhi NCR, Pune and Hyderabad) and By End Users (Enterprises, MSME’s/Start-Ups and Entrepreneurs/Freelancers)

China Flexible Workspace Market Outlook to 2025 Driven by Increasing Investment in Technology and Shift in Focus towards Non Rental Revenue Streams

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Increase in Industrial Production Expected to Drive Global Flow Meter Market: Ken Research

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Flowmeter is an integral tool or equipment that measures the linear, non-linear, volumetric or mass flow rate of a gas or a liquid or mixture of both. Fluid characteristics, flow range, low profile, and the need for accurate measurements are the crucial factors for determining the right flow meter for a particular application. These tools are used for monitoring & controlling systems. Modern, Internet-of-Things (IoT) generated flow meters are used for remote monitoring of the systems. The overall accuracy of the flow meter depends on the circumstances of the application. The key benefits associated with flow meters include remote calibration & configuration, wireless communication, online diagnosis and troubleshooting, and improved installation management & application effects.

According to study, “Flow Meter Market by Type (Differential Pressure, Positive Displacement, Ultrasonic, Turbine, Magnetic, Coriolis, Vortex, and Others), and End User (Water & Wastewater, Oil & Gas, Chemicals, Power Generation, Pulp & Paper, Food & Beverages, and Others): Global Opportunity Analysis and Industry Forecast, 2019-2026”. Some of the key companies operating in the global flow meter market are Honeywell International Inc., Emerson Electric Company, Siemens AG, ABB Ltd, Yokogawa Electric Corporation, Schneider Electric SE, Azbil Corporation, Hitachi, Ltd., Badger Meter Inc., and KROHNE Messtechnik GmbH. Key players are investing in and focusing on research & development (R&D). Thus, a better version of flow meters is introduced in the market that is more effective & versatile than the previous one.

Based on type, flow meter market is segmented into positive displacement (nutating disc, oscillating piston, bi-rotor types (gear, oval gear, and helical gear) and reciprocating piston), differential pressure, turbine, ultrasonic (spool pieces, insertion ultrasonic flow meters, and clamp-on ultrasonic flow meters) vortex, Coriolis, magnetic flow meter (in-line magnetic, low flow magnetic and insertion magnetic) and others (thermal and multiphase flow meters). The ultrasonic flow meter is the fastest-growing segment of the market owing to its low maintenance and reliability. In addition, based on the end-use industry, the market is segmented into water & wastewater, oil & gas, refining & petrochemical, pharmaceutical, chemical, metals & mining, power generation, food & beverage, pulp & paper, and others.

The flowmeter market is driven by a rise in demand for smart & intelligent flow meters in high-end applications, followed by an increase in use in oil & gas and water & wastewater industries. However, the high initial cost of Coriolis and magnetic flow meters may impact the market. Moreover, the rise in demand from the Asia Pacific for process automation is a key opportunity for the market.

Based on geography, the Asian-Pacific region holds a major share in the flowmeter market owing to, rise in urbanization, an increase in industrial output, and the highest automotive sales & production in the region. Whereas, the North-American and European regions are estimated to exhibit substantial growth rate due to an increase in focus on modernizing the processes and operations in industries over the forecast period. In upcoming years, it is estimated that the future of the market will be bright as a result of an increase in the number of initiatives to build safe water management infrastructure, the surge in energy needs, and a rise in industrial output during the forecast period. The global flow meter market was valued at US $7.3 billion in 2018 and is estimated to reach the US $11.9 billion by 2026, growing at a CAGR of 6.3% from 2019-2026.

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

Global Flow Meter Market Analysis

Related Report: –

Global Differential Pressure Flow Meter Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024

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Rise in Medical Surgeries Expected to Drive Global Antifibrinolytic Drugs Market: Ken Research

Antifibrinolytic drugs are also known as fibrinolytic inhibitors. They are primarily used for preventing the fibrinolysis or lysis of blood clots. The fibrinolysis is basically a process which is stimulated plasminogen used for removing the excess fibrin. Moreover, they are used for controlling the massive hemorrhage and for other coagulation disorders. The hemophilia, antifibrinolytic agents consisting of tranexamic acid or epsilon aminocaproic acid are generally used for oral bleeding or the dental surgery. Some of the most common antifibrinolytic drugs such as tranexamic acid and ε-aminocaproic acid, and the serine protease inhibitor, aprotinin and others.

According to study, “Antifibrinolytic Drugs Market by Indication (Gynecology, Hereditary Angiedema, Fibrinolytic Response Testing, Surgeries, and Others) and End user (Hospitals & Clinics, Ambulatory Surgical Centers, and Healthcare Specialty Process): Global Opportunity Analysis and Industry Forecast, 2019-2026”. Some of the key companies that are currently  working in the global Antifibrinolytic drugs market are Acic Fine Chems, Aurobindo Pharma Ltd., Zydus Cadila, Xanodyne Pharmaceuticals, Akorn, Mylan, Pfizer (GenMed), Amerigen Pharms Ltd, Sanofi, and Takeda.

Based on indications, antifibrinolytic drugs market is segmented into gynecology, fibrinolytic response testing, hereditary angiedema, surgeries, and others. Gynecology includes menorrhagia, gynecological surgery, pregnancy, haemorrhage, parturition, bleeding disorders, Gastrointestinal (GI) bleeding and dental surgery. Gynecology segment holds major share in market and is expected to exhibit a prominent growth rate in the near future, due to rise in adoption of these drugs to prevent menorrhagia i.e. heavy menstrual flow. Surgeries include cardiac surgery, liver surgery, orthopedic surgery and neurosurgery. Based on drug type, market is segmented into Amicar, Tranexamic acid injection, Aminocaproic acid, Tranexamic acid oral, Aprotinin, RiaSTAP, Cyklokapron, Trasylol and Lysteda. In addition, based on end-user, market is segmented into hospitals, healthcare specialty processes, ambulatory surgical centers, clinics and others. Hospital segment dominates the market owing to increase in usage of these drugs in hospitals as most of the surgeries such as neurosurgeries and cardiovascular are performed in hospitals.

The antifibrinolytic drugs market is driven by significant increase in surgical procedures, followed by surge in severe road accidents, growth in high-risk geriatric population, surge in incidence of angioedema and growth in healthcare investments. However, high cost of these drugs may impact the market. Moreover, increase in research & development (R&D) for developing novel innovative antifibrinolytic drugs is a key opportunity for market.

Based on geography, the North-American is the dominating region in the antifibrinolytic drugs market owing to broad technical applications of antifibrinolytic drugs, increase in strict rules at the work place and rise in awareness about these drugs in the region. Whereas, the European and Asian-Pacific regions are estimated to witness higher growth rate due to high disposable income, mandatory medical insurance and high research & development in the health care sector over the forecast period. In upcoming years, it is estimated that future of the market will be bright as a result of considerable surge in prevalence of bleeding disorders during the forecast period. The global antifibrinolytic drugs market was valued at US $13,593 million in 2018 and is anticipated to reach US $19,333 million by 2026, registering a CAGR of 4.5% from 2019-2026.

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Global Antifibrinolytic Drugs Market

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Increase in Automobile Production Expected to Drive Global Advanced Tires Market: Ken Research

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The Advanced tires are comprising of various types of materials, consisting of airless tube designed for reducing the possibility of getting punctured. The area of contact such tires have been designed with a very less enabling to enhance the overall fuel efficiency of the vehicle. The use of such advanced tires facilitates vehicles for traveling at a higher speed there by reducing the risk of slip friction. These are widely applicable in the automotive industry.

According to study, “Advanced Tires Market by Material Type (Natural Rubber, Synthetic Rubber, Steel, Elastomers, and Others), Type (Pneumatic Tires, Run Flat Tires, Airless Tires, and Others), Technology (Chip Embedded Tires, Self-Inflating Tires, Multi Chamber Tires, All In One Tires, and Others), and Vehicle Type (Light Duty Vehicles, Heavy Duty Vehicle, Agricultural Tractors, Construction & Mining Equipment, and Industrial Equipment): Global Opportunity Analysis and Industry Forecast, 2020-2030”. Some the key companies operating in the global advanced tires market are Bridgestone Corporation, Michelin, Pirelli & C. S.p.A, Continental AG, The Goodyear Tire & Rubber Company, Nokian Tyres plc., Hankook Tire & Technology Co., Ltd., The Yokohama Rubber Co., Ltd., Sumitomo Corporation, Toyo Tire Corporation. The key players are expected to adopt strategies associated to new product development for gaining the traction in ever growing segment of the automated and 3D printed tires. 

Based on type, advanced tires market is segmented into run flat tires, pneumatic tires, airless tires and others. Based on material type, market is segmented into synthetic rubber, natural rubber, elastomers and steel and others. Elastomers material segment dominates the market owing to rise in need for lightweight and durable raw materials.  Based on vehicle type, market is segmented into heavy duty vehicle, light duty vehicle, construction & mining equipment, agricultural tractors and industrial equipment. In addition, based on technology, market is segmented into self-inflating tires, all in one tire, chip embedded tires, multi chamber tires and others. The self-inflating technology is projected to show the fastest growth for on-highway vehicles due to growth in production of commercial vehicle and rise in demand for better tire performance in commercial vehicles during the forecast period.

The advanced tires market is driven by rise in need for convenience and driver assistance, followed by increase in focus on reduction in carbon footprints and high maintenance & replacement costs of conventional Off-the-road (OTR) tires. However, inability of mass production and high initial investments may impact the market. Moreover, rise in demand for industrial automation and increase in concern for fuel efficiency & safety are key opportunities for market.

Based on geography, the European region holds major share in advanced tires market owing to increase in production of automotive coupled with growth of the automotive industry in the region. Whereas, the North-American and Asian-Pacific regions are expected to witness higher growth rate due to rise in demand for self-inflating layered tires over the forecast period. In upcoming years, it is expected that future of the market will be optimistic because of increase in focus on tire manufacturing of tires from advanced technologies for instance 3D printing and some of the green raw material during the forecast period.

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

Global Advanced Tires Market Analysis

Related Report: –

Global Advanced Tires Market Size study, by On-Highway Vehicle Type (LDV and HDV) by Technology Type (Chip-Embedded Tires, Self-Inflating Tires, Multi-Chamber Tires and All-In-One Tires) by Off-Highway Vehicle Type (In-Vehicle and External Cloud Ser Agricultural Tractors, Construction & Mining Equipment and industrial Equipment) Niche Technology (3D Printed Tires Autonomous Vehicle Advanced Tires) by Material Type Natural Rubber, Synthetic Rubber Steel, Elastomers and Other Materials) by Type (Pneumatic Tires, Run-Flat Tires and Airless Tires)and Regional Forecasts 2018-2025

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Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

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Substantial Advancement In Armenia Consumer Goods Market Outlook: Ken Research

The consumer goods mention to the products bought principally for personal or household consumption. It involves the products such as clothing, food, books, and cooking appliances. Customer goods are principally studied around two major categories in this report, namely FMCG (fast moving consumer goods) and customer durable.

Armenia is a landlocked region in the South Caucasus economy of Eurasia. It is a small market with confident economic growth prospects. The structural reforms and sound macroeconomic policy in the region allow it to preserve low inflation and fascinate foreign investments.

According to the report analysis, ‘Armenia Consumer Goods Market by Product Type (Fast Moving Consumer Goods and Consumer Durables), and Distribution Channel (Supermarkets & Hypermarkets, Specialty Stores, E-commerce, and Others): Opportunity Analysis and Industry Forecast, 2019-2026’ states that in the Armenia consumers goods market there are several companies which presently operating more significantly for leading the fastest market growth and registering the handsome value of market share around the globe throughout the coming duration while decreasing the side effects of the consumer goods, decreasing the linked prices, growing the usage of the consumer goods, augmenting the applications of the Armenia consumer goods, implementing the profitable strategies, spreading the awareness related to the benefits of the consumer goods, and employing the young work force includes Procter & Gamble Company, The Coca-Cola Company, PepsiCo, Inc., Nestle S.A., Samsung Electronics Co., Ltd., LG Electronics Inc., Haier Group Corporation, Panasonic Corporation, Electrolux AB, Koninklijke Philips N.V. and several others.

The effective growth in purchasing power parity (PPP) of Armenian consumers has created the positive impact on the consumption of consumer goods. Armenia's annual household income per capita stretched USD 1,516.748 in December 2018 from USD 1,453.618 in Dec 2017. Shoppers across the Armenia spend almost USD 100 million monthly on consumer goods, principally on food and food products. In addition, the requirement for the expediency goods has obtained the high traction during recent past. The effective growth in the internet penetration, denser urban populace, fast pace lifestyles, and challenging working hours are deepening the involves of the consumer lives. Consumers are continuously opting for the products which deliver the effectiveness and is time saving. These aspects cumulatively function a positive impact on the growth of customer goods market in Armenia. However, the Armenia faces geopolitical conditions with its neighboring regions. All the goods traded with the Armenia have to pass through Georgia.

During this procedure, high transport tariffs are levied, which eventually augments the end price of the product. Hence, the existence of the trade barriers causes interruption in the growth of the Armenian consumer goods market.

On the contrary, the government in Armenia is promised in improving the comprehensive reforms in the business environment to deliver the promising investments and business opportunities for worldwide stakeholders. This is envisioned to propel the international players to Armenia. Enterprises by the government are focused to reinforce the market scenario, which can be observed as a growth opportunity for the market players in Armenia.

In addition, the Armenia consumer goods market by product type and distribution channel: Opportunity Analysis and Industry Forecast, 2019-2026, the Armenia consumer goods market size was worth at USD 1,734.5 million in 2018 and is anticipated to reach USD 2,519 million by 2026, increasing at a CAGR of 4.7% from 2019 to 2026. Therefore, in the coming years, it is predicted that the market of Armenia Consumer goods will increase around the globe more effectively over the inflowing years.

For More Information, refer to below link:-

Global Armenia Consumer Goods Market

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Ankur Gupta, Head Marketing & Communications

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Proficient Scenario Of The Industrial Rubber Market Outlook: Ken Research

The Industrial rubber is polymers, precisely elastomer which can stretch and shrink. Industrial rubber can be introduced from the natural sources such as from latex found in trees or rubber and can be effectively synthesized on an industrial scale. Gloves, tires, plugs, and masks are products generated from the rubber.

According to the report analysis, ‘Industrial Rubber Market by Type (Natural and Synthetic) and End-use Industry (Automotive, Construction, Manufacturing, Electrical & Electronics, and Others): Global Opportunity Analysis and Industry Forecast, 2019-2026’ states that in the industrial rubber market there are several companies which presently performing more effectively for leading the highest market growth and registering the handsome value of market share around the globe throughout the forthcoming years while decreasing the associated weak points, increasing the applications of the industrial rubber, implementing the policies of profit making, studying and analyzing the strategies of the competitors, decreasing the linked prices, spreading the awareness related to the applications of the industrial rubber and delivering the better consumer satisfaction includes Sinopec Corporation, LG Chem Ltd., The Goodyear Tire & Rubber Company, Toyo Tire & Rubber Co., Ltd., Bridgestone Corporation, Lotte Chemical Corporation, Arkema S.A., Braskem S.A., Celanese Corporation, United Rubber Industries India private Limited and several others.

In addition, the worldwide industrial rubber market was worth at USD 29.8 billion in 2018 and is anticipated to reach USD 44.6 billion by 2026, increasing at a CAGR of 5.2% from 2019 to 2026. Nonetheless, the significant growth in the demand for industrial rubber from automotive industry is projected to offer growth to the worldwide industrial rubber market. Asia-Pacific is one of the increasing markets where rubber is used at a large scale. However, hazards related with the rubber manufacturing and luxurious cost is projected to restrict the market growth. Not only has this, the worldwide industrial market is yet to sight see its full potential. Innovation and development in rubber industry such as producing of the eco-friendly rubber is projected to offer growth opportunity to the market.

Whereas, the automotive industry has witnessed a speedy growth in the last decade, mostly in regions such as China, the U.S., Japan, India, Germany, and the UK. Electric vehicle sales are projected to augment. In addition, deduction in prices of electric vehicle parts such as battery, transmission, and alternators influence the sale of electric vehicles. The requirement for the industrial rubber market is projected to augment due to the growth in the automotive segment. Rubber is utilized increasingly for creating the tires as well as component of automobile. Hence, with the increasing vehicle sales, the requirement for the industrial rubber is projected to augment which further boosts the growth of the worldwide industrial rubber market.

The growth in the construction activities in emerging economies is also a foremost factor propelling the prosperity for the industrial rubber market. Several governments in Asia Pacific are investing across both public and private initiatives to boost infrastructure in regions such as India and China. Numerous airports, metros, highways, other smart city projects are being undertaken in such economies. These projects are projected to boost demand for industrial rubber market throughout the forecast period in Asia Pacific. Therefore, in the coming years, it is predicted that the market of industrial rubber will increase more significantly over the inflowing years.

For More Information, refer to below link:-

Global Industrial Rubber Market

Related Report:-

Global Industrial Rubber Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025

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Strict Emission Norms Automotive Exhaust System Market over the Forecast Period: Ken Research

Automotive exhaust is a key constituent of the automobiles today. In most of the cases it is used for liberating the automobile exhaust gases from an inner combustion engine. It consists of catalytic converter, which aids easy the gases & different parts. It consists of one or greater exhaust pipes, which relies upon on the general gadget design. The exhaust gadgets are cautiously designed for collecting the exhaust gases or the noxious gases from the cylinders that gets rid over dangerous substances, decreasing the extent of noise and discharges the filtered exhaust gases at the right factor of the vehicle away from the occupants.

According to study, “Automotive Exhaust System Market by Technology (Diesel Oxidation Catalyst (DOC), Diesel Particulate Filter (DPF), Selective catalytic reduction (SCR), Exhaust gas recirculation (EGR), Gasoline Particulate Filter (GPF), and Others), Fuel Type (Gasoline and Diesel) and Vehicle Type (Passenger Cars and Commercial Vehicles): Global Opportunity Analysis and Industry Forecast, 2019-2026”. Some of the key companies operating in the market are Tenneco Inc., Catar, Sejong Industrial Co., Ltd. Faurecia SA, SANGO Co. Ltd., HITER, Wanxiang, Yutaka Giken Co. Ltd., Benteler International AG, Airui, Benteler International AG., Friedrich Boysen GmbH & Co. Kg., Eberspacher GmbH & Co. Kg, Bosal International NV., Boysen, Futaba Industrial Co. Ltd., Rise in acquisitions and joint ventures with global as well as local players have further presented the potential growth opportunities for the automotive exhaust systems. The rise in standards and protocols have also led to increase in competition in the market. 

Market by type is segmented as automotive exhaust system market is segmented into single exhaust system and dual exhaust system. The component type, market is segmented into catalyst converter, downpipe, manifold, tailpipe, muffler and others. The after treatment device, market is segmented into Lean NOx Trap (LNT), Diesel Oxidation Catalyst (DOC), Selective Catalytic Reduction (SCR) and Diesel Particulate Filter (DPF). Based on fuel type, market is segmented into gasoline and diesel. Market by vehicle type, is categorized as Passenger Cars and Commercial Vehicles.

The automotive exhaust system market is driven by rapid growth of the automotive industry, accompanied through upward push in disposable profits of consumers, growth in infrastructure & different business projects, emergence of car companies, growth in purchaser awareness, boom in for demand associated to automobiles, rise in incorporation of catalytic converters and upward push the demand of the effective & unobtrusive catalytic converter units. However, transferring purchaser choice in the direction of electric powered automobiles and excessive fee of light-weight exhaust additives may impact the market growth.

Based on geography, market is analyzed across North America, Europe, Asia-Pacific, and Latin America and Middle East & Africa. The key countries registering the demand over various regions include China, Japan countries with significant share in the global automotive exhaust system market. EU & North American region are expected to register a substantial growth rate owing to strict emission protocols related to emissions. The overall market is expected register a CAGR growth of 4.6% over the forecast period.

For More Information, Click on the Link Below:-

Global Automotive Exhaust System Market

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Growing Scenario Of Global Aerospace Martials Market Outlook: Ken Research

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The Aerospace materials are materials that propose the effective tensile strength, high temperature tolerance, high transparency, and hard surface. Aerospace material producers are preferring the usage of advanced plastics, fiber composites, and numerous metals & alloys in aircraft that suggest desired properties, thus substituting conventional metals.

According to the report analysis, ‘Aerospace Materials Market by Type (Composite, Metal, and Plastic), Application (Interior and Exterior), and Type of Aircraft (Commercial, Military, Rotorcraft, and Space): Global Opportunity Analysis and Industry Forecast, 2019-2026’ states that in the aerospace materials market there are several corporates which presently functioning more effectively for leading the fastest market growth and registering the handsome value of the market share around the globe throughout the short span of time while decreasing the associated price, spreading the awareness related to the aerospace materials, increasing the applications of the aerospace materials, analyzing and studying the strategies and policies of the competitors, implementing the favorable policies of the government, delivering the better consumer satisfaction and employing the young work force includes Mitsubishi Chemical Holdings Corporation, PPG Industries Inc., DuPont, Solvay, SABIC, Sumitomo Bakelite Co. Ltd., Toray Industries Inc., Rochling, Hexcel Corporation, SGL Carbon and several others.

In addition, the global aerospace materials market was worth at USD 3,950 million in 2018, and is projected to reach USD 6,518.5 million by 2026, dominating a CAGR of 6.5% from 2019 to 2026. In addition, the growth of the worldwide aerospace materials market is driven by augment in the requirement for lightweight and proficient aircraft. In addition, increase in the spending power of consumers and augment in air passenger traffic in emerging regions have led to augment in fleet sizes, which proficiently underwrites toward the growth of the worldwide market. Moreover, increase in the fuel costs and accompanying incentives to generate the aircraft more efficient act as foremost driving factors of the market.

Furthermore, modern materials such as PEEK, PMMA, and PPS have a higher capability to resist high-altitude UV radiations as associated to the traditional materials, which boost their requirement across the world, thereby increasing the market growth. However, complex designing is restricting the aerospace materials market growth. On the contrary, advancement of the commercial aviation segment in emerging regions is anticipated to offer remunerative choices for market enlargement. The market for aerospace materials is projected to observe the robust expansion owing to the increment in passenger transportation. Augmented passenger transport is predicted to boost the requirement for aircraft. This, in turn, is anticipated to inadvertently increase the expansion of the aerospace materials market throughout the forecast period.

In addition, it is predicted that the Asia Pacific is observing the considerable expansion in the aerospace segment, which is attributed to the boosting the aerospace industry in underdeveloped economies such as India and China. Japan is measured to be an attractive market for aircraft manufacturers owing to the easy accessibility of raw materials and inexpensive labor. Increasing number of low cost carriers and augmenting the air traffic are foremost aspects propelling the enlargement of the aircraft manufacturing market, which in turn is anticipated to boost the enlargement of the aerospace materials market in the region. Therefore, in the near years, it is anticipated that the market of aerospace materials will increase around the globe over the inflowing years more effectively.

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

Global Aerospace Martials Market

Related Report: –

Global Aerospace Materials Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025

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Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249