In-depth Analysis of the COVID-19 impact on Malaysia Pharmacy Retail Industry: Ken Research

Global Outbreak of COVID-19 resulted in dealing with the unforeseen challenges in all the industries especially the Logistics, Hospitality and Automotive sector. Industries faced complete losses during this period due to the restrictive measures taken at country level such as lockdown, or stay at home orders, to control the pandemic at a local level. Number of cases across the globe reached 16.7 Mn as of 29 July 2020 and the pandemic is still considered to be a threat on the lives & businesses across the globe.

Government of Malaysia has taken significant precautions to prevent the transmission of the disease. Bank Negara of Malaysia predicts GDP to be lying between -2.0% to 0.5% wherein the industrial output is expected to reduce by 40% to 70% during MCO (Movement Control Order). Disruptions in Supply Chain, including interruptions from Production to Operations, delay of imports and distribution to users has caused major challenges in Healthcare sector, majorly the medical devices segment. Online Consultation and Online Medication Deliveries on the other hand amidst the crisis observed a significant boost in terms of Number of Users during the Lockdown. Unorganized Pharmacies on the other hand were among the highly affected groups with more than 50% drop in customer footfall.

Ministry of Health Partnership with Telemedicine Companies: Malaysian Medical Council (MMC) initiated guidelines with certain SOPs for Virtual Consultation in the country. DoctorOnCall in February 2020 partnered with Malaysia’s health ministry and developed a customised virtual health advisory platform to address public health concerns about Covid-19 situation in Malaysia. Some Telemedicine companies partnered with Qualitas group of clinics to roll out Covid-19 home-testing and drive-through testing services for people who did not fulfill the testing criteria at public healthcare institutions. With augmenting demand for E-Consultations, IHH Healthcare on the other hand planned to expand Virtual consultation services across all the key markets including Malaysia, Singapore & India, focusing on providing services from consultation to doorstep drug delivery.

Crisis in Malaysia affected Pharmacy Retail Market in three phases, one of them being Effect on Demand for Pharmacies on Lockdown Announcement. Movement Control Order announcement as a result of COVID-19 engaged customers in panic buying of groceries, medications and personal care items. Pharmacies on the other hand adopted a ONE-WAY MOVEMENT SYSTEM in and out of the pharmacy stores and prevented full entry of visitors into the stores wherein medications were dispensed at the door counter that too in the presence of a pharmacist. Some pharmacies like ‘Multicare’ started product delivery with the announcement of MCO orders. Pharmacies recorded sheer increase of 30%-40% in customer footfall and average basket size of the customers with respect to the announcement.

Effect on Pharmacy Demand under MCO Order: MCO (Movement Control Order), a preventive measure by the federal government of Malaysia reduced the number of operating hours of Pharmacy retail stores in the country. More than 50% to 60% slash in terms of customer footfall was observed during the Lockdown. Mall Based Pharmacies in Malaysia have seen major drop as entries in the malls were restricted and customers on the other hand shifted towards High Street Pharmacies located nearby. Preference of product categories in demand shifted from Prescribed to Over-The-Counter and Non Pharmaceutical Products like Self Cleaning, Dettol, Hand Sanitizers, Normal Routine Medicines and Health Supplements like Vitamin C for Immunity Boosting.

The industry is predicting steady recovery from mid-September 2020 onwards with customer footfall reaching back to normalcy. In the future, pharmacy chains will foresee intense competition in terms of their stores and value added services in the country to retain customers. Pandemic has resulted in strong presence of online platforms & delivery option among Malaysians. Over-The-Counter Medicines and Non Pharmaceutical Products with growing demand is gaining significant market share in terms of Revenue in the country. Pharmacy Chains will focus on marketing strategies, establishing long term partnerships with Telemedicine companies and acquisitions to enhance geographical presence.

With more number of Pharmacy Retail Stores and product bundling strategy to enhance more purchases will drive Pharmacy Retail Revenue in future. Basis all these factors, the Malaysia Pharmacy Retail market is anticipated to grow with a CAGR of 9.3% on the basis of revenue during the forecast period 2019-2025.

Key Segments Covered:-

By Market Structure (Number of Pharmacy Outlets & Revenue in USD Mn)

Organized

Organized Mall Based

Organized High Street Stores

Unorganized

Unorganized Mall Based

Unorganized High Street

By Location (Number of Pharmacy Outlets & Revenue in USD Mn

Mall Based

Prescribed Drugs

Over-The-Counter

Non Pharmaceutical Products

Medical Equipments

High Street

Prescribed Drugs

Over-The-Counter

Non Pharmaceutical Products

Medical Equipments

By Product Sales

Prescribed Drugs

Over-The-Counter

Non Pharmaceutical Products

Medical Equipments

By Sales

Patented Drugs

Generics

By Region

Selangor

Johor

Kuala Lumpur

Sarawak

Others

By Therapeutic Areas

Anti-Infective

Cardiovascular

Pain/Analgesics

Vitamins/Minerals/Nutrients

Antibiotic

Respiratory

Gastro Intestinal

Gynaecology

Neuro

Others

Companies Covered:-

Watsons Malaysia

Guardian Pharmacy

Caring Pharmacy

Alpro Pharmacy

Healthlane Pharmacy

Multicare Pharmacy

AM PM Pharmacy

Cosway Farmasi

Aeon Wellness

AA Pharmacy

Key Target Audience:-

Pharmaceutical Manufacturing Companies

Pharmacy Retail Companies

Independent Pharmacies

Industry Associations

Regulatory Bodies

Telemedicine Companies

Pharmaceutical Distributors & Wholesalers

Time Period Captured in the Report:-

Historical Period – 2013-2019

Forecast Period – 2020-2025

Key Topics Covered in the Report:-

Overview of Malaysia Pharmacy Retail Market

Trends and Growth Drivers in the Industry and Challenges Faced

Malaysia Pharmacy Retail Market Size and Segmentations, 2013 - 2019

Ecosystem and Value Chain of Pharmacy Retail Market in Malaysia

Distributors & Wholesalers Landscape in Malaysia Pharmacy Retail Market

Industry SWOT Analysis and BCG Matrix

Telemedicine & Online Consultations Snapshot

Contraceptive Demand among Customers in Malaysia

Cross Comparison between Major Players and Company Profiles

Future Market Size and Segmentations, 2020P-2025F

Covid-19 Impact on the Industry & the Way Forward

Analysts’ Recommendations

For More Information on the research report, refer to below link:-

Malaysia Pharmacy Retail Market

Related Reports:-

India E-Pharmacy Competition Benchmarking Report - A detailed analysis of major E-Pharmacy players in India

Kuwait Retail Pharmacy Market Outlook to 2022 - By Type of Pharmacy (Pharmacy Chains, Independent Pharmacies and Hospital/Clinic Based Pharmacies); By Type of Drugs (Cosmetics, Food Supplements and Drugs), By Type of Sales Channels (Offline and Online)

India Diagnostic Laboratories Market Outlook to FY’2025- By Government and Private Labs, By Radiology and Pathology, By Organized and Unorganized Players, By Business Model (Standalone, Hospital Based and Diagnostic Chains), By Cities (Tier I, Tier II and Tier III cities) and By Payment Method (Out of Pocket Expenditure, Insurance based and Corporate Spending

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

Malaysia Pharmacy Retail Market Outlook to 2025: Ken Research

 The report titled “Malaysia Pharmacy Retail Market Outlook to 2025- By Market Structure (Organized & Unorganized), By Location (Mall Based & High Street),  By Product Sales (Prescribed Drugs, Generics, Non Pharmaceutical Products, Medical Equipments), By Drug Type (Patented & Generics) and By Therapeutic Class” provides a comprehensive analysis on the performance of the pharmacy industry in Malaysia. The report covers various aspects including number of pharmacies, revenue, trends & developments, issues & challenges faced by the industry, competition landscape, telemedicine market and more. The Malaysia pharmacy retail market report concludes with projections for future of the industry including forecasted revenue by 2025, market segmentations, Covid-19 impact and analysts’ take on the future.

Malaysia Pharmacy Market Overview and Size

Malaysia Pharmacy Retail market in terms of revenue increased at a single digit CAGR over the review period 2013-2019. The market was observed to be at growth stage owing to growing intensity of competition among the retail pharmacies in the market in terms of wide product offering and value added services. The Malaysia pharmacy retail industry has grown at a CAGR of 9.7% on the basis of revenue and a CAGR of 3.9% on the basis of number of pharmacy retail outlets over the period 2013-2019. The market is booming owing to rising number of cases of NCDs, growing online pharmacy services, increasing government health expenditure, consolidation of smaller chains to expand in different regions and services such as Online Consultations & E-Prescriptions coupled with per capita health expenditure of individuals in Malaysia.

Malaysia Pharmacy Retail Market Segmentations

By Market Structure: The organized players in the industry dominated the revenues in pharmacy retail market in Malaysia in 2019. Organized market has established strong presence across all the regions in Malaysia that resulted in higher footfall of customers at these outlets. Moreover, the number and quality of services along with home delivery option resulted in higher orders from these pharmacy outlets in terms of pharmaceutical & non pharmaceutical products.

By Location: On the basis of revenue & number of stores, high street based pharmacies dominated the retail pharmacy market in Malaysia. However, the customer footfall & average basket size at mall based pharmacies was comparatively high as customers also purchased non-pharmaceutical products along with the medications.

By Product Sales: Prescribed medicines dominated the market in terms of revenue largely due to the higher costs of such medicines in 2019. Among the other product categories, Over-The-Counter and Non Pharmaceutical Products were consistently growing in terms of revenue share. Medical equipments being the last category showed stagnant growth over the years in the country.

By Drug Type: Generics Drugs in Malaysia pharmacy retail market dominated the market in terms of revenue as they are affordable by the majority of the population and are easily available to the customers in their nearby stores. On the other hand, patented drugs in the market are generally being recommended by the doctors and are usually taken for chronic diseases. These medicines are largely provided by the Government based pharmacies or dispensaries.

By Region: Selangor Region in Malaysia has the highest number of pharmacy retail outlets as in 2019. The region dominated the market in terms of revenues followed by Johor & Kuala Lumpur largely due to the presence of major organized chains & higher Out of Pocket Expenditure.

By Therapeutic Class: Anti-Infective dominated the market in terms of revenue followed by Cardiovascular in 2019 majorly due to the number of cases that have almost doubled over the years. It is followed by Pain/Analgesics, Vitamins Minerals & Nutrients, Anti-Biotics & Respiratory.

Competitive Landscape of Malaysia Pharmacy Retail Market

The industry is highly competitive with 35+ organized chain brands present across almost every region in Malaysia. The market is moderately concentrated with the top 5 players namely Watsons, Guardian, Caring, Healthlane & Alpro Pharmacy. However, in terms of Pure Pharmacy medication sales Caring Pharmacy, Alpro Pharmacy, Multicare & Big Pharmacy dominated the market.  The players in the industry compete on the basis of parameters such as Number of Pharmacy Stores, Geographical Presence, Brand Recognition and Partnerships with Telemedicine & E-Prescription Providers, product portfolio, online deliveries & Other Value Added Services.

Malaysia Pharmacy Market Future Outlook & Projections

The customer footfall at pharmacy retail outlets reduced under Movement Control Order by Malaysian Government amidst the Covid-19 pandemic will witness growth by the end of 2025. The growing demand from the customers along with the online platforms to place order will drive the growth in the industry. Increasing per capita health expenditure, number of NCD patients along with ease in availability of medicines and future acquisitions & partnerships in terms of expansion & service addition in the portfolio will drive the pharmacy retail industry in future in Malaysia.

Key Segments Covered:-

By Market Structure (Number of Pharmacy Outlets & Revenue in USD Mn)

Organized

Organized Mall Based

Organized High Street Stores

Unorganized

Unorganized Mall Based

Unorganized High Street

By Location (Number of Pharmacy Outlets & Revenue in USD Mn

Mall Based

Prescribed Drugs

Over-The-Counter

Non Pharmaceutical Products

Medical Equipments

High Street

Prescribed Drugs

Over-The-Counter

Non Pharmaceutical Products

Medical Equipments

By Product Sales

Prescribed Drugs

Over-The-Counter

Non Pharmaceutical Products

Medical Equipments

By Sales

Patented Drugs

Generics

By Region

Selangor

Johor

Kuala Lumpur

Sarawak

Others

By Therapeutic Areas

Anti-Infective

Cardiovascular

Pain/Analgesics

Vitamins/Minerals/Nutrients

Antibiotic

Respiratory

Gastro Intestinal

Gynaecology

Neuro

Others

Companies Covered:-

Watsons Malaysia

Guardian Pharmacy

Caring Pharmacy

Alpro Pharmacy

Healthlane Pharmacy

Multicare Pharmacy

AM PM Pharmacy

Cosway Farmasi

Aeon Wellness

AA Pharmacy

Key Target Audience:-

Pharmaceutical Manufacturing Companies

Pharmacy Retail Companies

Independent Pharmacies

Industry Associations

Regulatory Bodies

Telemedicine Companies

Pharmaceutical Distributors & Wholesalers

Time Period Captured in the Report:-

Historical Period – 2013-2019

Forecast Period – 2020-2025

Key Topics Covered in the Report:-

Overview of Malaysia Pharmacy Retail Market

Trends and Growth Drivers in the Industry and Challenges Faced

Malaysia Pharmacy Retail Market Size and Segmentations, 2013 - 2019

Ecosystem and Value Chain of Pharmacy Retail Market in Malaysia

Distributors & Wholesalers Landscape in Malaysia Pharmacy Retail Market

Industry SWOT Analysis and BCG Matrix

Telemedicine & Online Consultations Snapshot

Contraceptive Demand among Customers in Malaysia

Cross Comparison between Major Players and Company Profiles

Future Market Size and Segmentations, 2020P-2025F

Covid-19 Impact on the Industry & the Way Forward

Analysts’ Recommendations

For More Information on the research report, refer to below link:-

Malaysia Pharmacy Retail Market

Related Reports:-

India E-Pharmacy Competition Benchmarking Report - A detailed analysis of major E-Pharmacy players in India

Kuwait Retail Pharmacy Market Outlook to 2022 - By Type of Pharmacy (Pharmacy Chains, Independent Pharmacies and Hospital/Clinic Based Pharmacies); By Type of Drugs (Cosmetics, Food Supplements and Drugs), By Type of Sales Channels (Offline and Online)

India Diagnostic Laboratories Market Outlook to FY’2025- By Government and Private Labs, By Radiology and Pathology, By Organized and Unorganized Players, By Business Model (Standalone, Hospital Based and Diagnostic Chains), By Cities (Tier I, Tier II and Tier III cities) and By Payment Method (Out of Pocket Expenditure, Insurance based and Corporate Spending

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

Effective Enlargements across Waste Disposable Units Market Outlook: Ken Research

 The waste disposal units market comprise of sales of electric and nonelectric foremost household-type waste disposal units by the several entities (organizations, sole traders and partnerships) which has electrically functioned fitment, installed under the kitchen sink, that breaks up food decline so that it goes down the waste pipe.

According to the report analysis, ‘Waste Disposable Units Global Market Report 2020’ states that in the waste disposable units global market there are several corporates which recently working more actively for leading the fastest market growth and registering the great value of market share around the globe while delivering the better consumer satisfaction, decreasing the price of service, spreading the awareness related to such, analyzing and studying the strategies of the competitors and government, implementing the profitable strategies, employing the young work force and advancing the specifications of the production technologies includes InSinkErator, Waste King, GE, Frigidaire, MOEN, Whirlpool, KitchenAid, Kenmore, Joneca Corporation, Salvajor, Hobart, Emerson, Anaheim, Soocen Technology, Apollo Kitchen Equipment, Waste Care Corporation, MEIKO Clean Solutions (India) Pvt. Ltd., Komptech Americas, LLC, Hobart Corporation, Mavitec Group, Delitek As, Unistone Electric Company, Disperator AB, EnviroPure Systems, Inc. and several others.

The worldwide waste disposable units market was valued USD 7.7 billion in 2019. It is expected to increase at a compound annual growth rate (CAGR) of 1% and reach USD 7.98 billion by 2023.

The waste disposable units market has been geologically segmented into North America, Western Europe, Asia-Pacific, Eastern Europe, South America and Middle East & Africa. Asia Pacific registers for nearly 15% of the market.

The waste disposal units market shielded in this report is divided by type into garbage disposable units, food waste disposable units. It is also sectored by the application into household application, commercial applications.

The waste discharge is progressively rapidly owing to population growth and growing manufacturing activity in several emerging markets. Population growth, speedy urbanization and growing consumption due to increasing disposable income will further increase the requirement for garbage disposable units. According to the World Bank, by 2025, the waste capacity generated per person per day is projected to reach 1.42 kg, up from 1.2 kg in 2012. The International Solid Waste Association has reviewed that worldwide municipal solid waste volumes will increase by an aspect of 2.37 by 2050.

The aim on environmental issues from several governments and industries persisted limited. Governments, especially in underdeveloped countries, were more aimed on infrastructural development and industrialization. This nonexistence of focus had a restraining effect on the garbage disposable units market. Meanwhile, the Kyoto Protocol that was aimed at dropping greenhouse gas emanations worldwide, did not result in significant diminutions in greenhouse gas emissions as numerous countries did not agree or stick to targets declared in the agreement.

The waste disposable units manufacturing syndicates are converging on innovating advanced environment friendly solutions such as waste-to-energy solutions. The disposers renovate the waste into fine particles, which further clues to the formation of biogas. The engendered biogas in the form of biofuel can be utilized to generate electricity. Therefore, in the near years, it is anticipated that the market of waste disposable units will increase around the globe more effectively over the upcoming duration.

For More Information, Click on the Link Below:-

Global Waste Disposable Units Market

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

The Transformation of Market Trends of Quartz World over: Ken Research

 Quartz is one of the most differentiated minerals on the Earth, and its abundant tones produce different gemstone types. Amethyst and citrine are the most perceptible and basic pearl game plans of Quartz. Chalcedony portrays any sort of Quartz that is microcrystalline and is available in constrained structure. Also, chalcedony has a couple of varieties utilized as gemstones, most very Agate, Carnelian, Tiger's Eye, and Chrysoprase. Unadulterated Quartz, which is regardless called Rock Crystal is dull. In any case, different contaminations are incorporated that produce the extensive extent of shade of quartz.

According to the report Quartz Market - Growth, Trends, And Forecast (2020 - 2025) states the quartz market is relied upon to enlist a more noteworthy substantial increase during the figure time frame. The main considerations driving the market read is the interest for high-purity quartz in the semiconductor business. In any case, the biological effect of quartz mining is probably going to obstruct the development of the market. The gadgets and semiconductor industry is required to command the worldwide market, during the estimated time frame. Also the rising advances in the improvement of quartz gems are probably going to go about as an open door for what's to come.

It is a noteworthy mineral with different employments. Sand, which is produced using little Quartz stones, is a fundamental component for gathering of glass. Quartz rock gem has various electronic employments. It is used as oscillators in radios, watches, and weight measures, and in the examination of optics. It is moreover used as a grinding for sandblasting, beating glass, and cutting sensitive stones. It is essentially utilized in the Personal Computer business, as the noteworthy silicon semiconductors are created utilizing quartz. As quartz is progressively being utilized in these end-client ventures, it is relied upon to drive the development of the worldwide market.

The recent market trends has observed the increase in the demand in the electronics and semiconductor industry due to the escalation in the usage of the devices like mobile phones, tablets, LCD/LED TV’s, tablets, and laptops and desktops. Additionally, the governments in the developing nations are putting intensely in their hardware industry, which is relied upon to additionally help the interest for quartz.

The nearness of key players for example, Hanwha L&C, Baoliya, Quarella, Cambria and Samsung Radianz, are driving the development of the market. The significant key players working in the quartz business incorporate Baba Quartz, QQE, Momentive, Saint-Gobain, Creswick Quartz, Quartz Corporation, High Purity Quartz Pty Ltd., DuPont, and Caeserstone. These companies are working in the areas of R&D and other innovative usage of the quartz in the market worldwide. Also, they are focussing on the usage of high purity quartz and thereby, increasing the demand of the same in the global market.

The market predominance of these organizations is portrayed by the arrangement of defensive apparel and the high interest in R&D exercises for quartz income, capital use, representative quality, and topographical nearness of organizations.

By end-client industry, it is differentiated as gadgets and semiconductor, solar buildings and construction, clinical, optics, media transmission. Also, by areas worldwide, it is scrutinized into North America, where it holds the predominant region, Europe Asia-Pacific, and LAMEA.

As far as the developing countries are involved, China is grasping front line show advances, with a means to turn into the biggest provider of show boards in the coming years. For example, in India, the Karnataka government has worked together with Indian Electronics and Semiconductor Association, so as to make India a structured hardware center point.

With the factors related to the market trends, an increase in the rate for quartz in the overall market is expected. Hence, in the near years, it is anticipated that the market of quartz will increase around the world all the more successfully over the inflowing term.

For More Information, Click on the Link Below:-

Global Quartz Market

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

Rise in Demand for Cloud-Based Database Expected to Drive Global Database Encryption Market: Ken Research

The database encryption is a technology being widely used with an objective to protect databases containing vital & confidential information. Using database encryption technology the simple data stored in database is converted to an encrypted format. This encrypted data is expected to be unreadable without encryption key. The use of database encryption is based on the three important security features that maintain the integrity, confidentiality and availability. The important functions associated to application of the predefined restrictions, prevention of data corruption, reliable and regular access over the database being performed by using these security features.

According to study, “Global Database Encryption Market to reach USD 4613.05 Million by 2026”. Some of the key companies operating in the global database encryption market are IBM Corporation, Microsoft Corporation, Symantec Corporation, Win Magic Inc, Intel, Check Point Software Technologies Ltd., Gemalto, EMC Corporation, Oracle, Trend Micro Inc. Many of the organizations are further using the database encryption over many applications associated to communication encryption, disk encryption, cloud encryption, file & folder encryption and many others.

Based on type, database encryption market is segmented as database operational models and database encryption types. Database operational models include data-in-motion and data-at-rest. Database encryption types include file system encryption, transparent or external database encryption, application level encryption, column level encryption and key management. Based on deployment model, market is segmented as cloud deployment and on-premises.  Based on organization size, market is segmented as large enterprises and small & medium enterprises (SMEs). In addition, based on vertical, market is segmented as government & public sector, Banking, Financial Services, and Insurance (BFSI), retail & e-commerce, healthcare, IT & telecom, aerospace & defense and others.

The database encryption market is driven by rise in demand for cloud-based database, followed by increase in need of organizations to comply with regulatory standards, rise in focuses on compliance adherence, wide availability of different type of flexible encryption solutions, ease of deployment, increased scalability, flexibility of database encryption solutions and growth in availability of flexible encryption software. However, lack of proper key management and high cost encryption solutions may impact the market. Moreover, rise in demand for cloud based encryption solutions is a key opportunity for market.

Based on geography, the North-American region accounts largest share in the global database encryption market owing to rise in cases of cyber attacks and growth in adoption of Bring Your Own Devices (BYOD), mobility and cloud services in the region. Whereas, the Asian-pacific region is anticipated to witness higher growth rate due to presence of favorable government norms regarding protection of database from thefts and cyber attacks over the forecast period. In upcoming years, it is estimated that future of the market will be bright because of growth in digitalization & outsourcing of databases coupled with increase in a number of public database breaches during the forecast period. The database encryption global market was valued approximately US$572.52 Million in 2018 and it is further expected to increase with a growth rate of more than 29.8% over the forecast period.

For More Information, refer to below link:-

Global Database Encryption Market

Related Report:-

Global Database Encryption Market 2020 by Company, Regions, Type and Application, Forecast to 2025

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

Fish Protein Market: An Insight of its Features and Development: Ken Research

 Fish protein is a rich food added substance, which is a vapid and bland powder got from entire fish. Three kinds of fish proteins are accessible in the market, which incorporate fish protein concentrate, fish protein hydrolysate, and fish protein separate. Yellowtail amberjack, Tuna, Anchovy, Coho Salmon, Trout, Snapper, Tilapia, Bluefish, Pollock, Grouper, Sardines, Mackerel, Cod, Haddock, Flounder, Perch, and Halibut are different sorts of fishes from which Fish protein is extricated.

According to the published report “Fish Protein Market by Type and Application: Opportunity Analysis and Industry Forecast, 2019–2026” highlights the worldwide Fish protein market has seen critical development throughout the years and is relied upon to develop at a consistent pace during the anticipated period. This is credited to ascend being used of fish protein for domesticated animals creatures and increment in appropriation of fish protein in pharmaceutical enterprises. This is ascribed to the way that fish dinner contains 72% fish protein and assists with expanding the opposition intensity of poultry winged animals against different sicknesses, which assists with expanding their life expectancy, in this manner supports the market development.

The kinds of Fish proteins accessible in the market are Fish protein concentrate (FPC), which is a meant for human consumption and is in a high concentrated form. The Fish protein hydrolysate (FPH), is made by breaking its proteins into smaller peptides and amino acids. The Fish protein isolate (FPI) has 90% of protein and around 1-2% of fat in comparison to the previous two, making it the highest form of pure fish protein available in the market.

The availability of the Fish protein worldwide can be observed in the region of North America, Asia-Pacific, Europe and LAMEA. The chief performers working with Fish protein include Aroma NZ, Bevenovo Co., Limited, Bio Oregon Protein, Mukka Seafood Industries, New Alliance Dye Chem Pvt. Ltd, Nutrifish, Qingdao Future Group, Scanbio Marine Group, Taian Health Chemical Co., Ltd. Also, other companies involved are AACL Bioflux, Colpex International, Janatha Fish Meal & Oil Products, Omega Protein, Peterlabs Holdings, Shenzhen Taier, and Siam Industries International.

The market utilization of Fish protein is in various areas such as in animal feed, pharmaceuticals, remedial etc. Amongst the types the Fish protein hydrolysate, has the increased demand in the market and is expected to register fastest growth as well. The utility in the animal feed has observed the highest share in the market, accounting for more than half of the global share market. The region of Asia-Pacific, has shown the highest demand thereby, relatively the maximum share in the global market as well.

This is conceivably driving the market improvement rate for fish protein in the general market. Thus, in the future, it is foreseen that the market of the same will increase around the globe even more effectively.

For More Information, Click on the Link Below:-

Global Fish Protein Market

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

Rise in Use of High-performance Films in Solar Panels Expected to Drive Global Chemical Vapor Deposition (CVD) Market: Ken Research

The chemical vapor deposition is a chemical progression which is utilized for producing the high-performance and purity solid materials. This includes a deposition process of a high performance thin solid coating, fibers, powders, and monolithic components over the metal or the plastic surfaces over numerous products. The CVD is primarily used for manufacturing of thin sheets used in semiconductors, solar cells, LED lights and many other electrical appliances. Apart from these applications, CVD is also widely used over the coatings of diamonds to impart the desired properties over the cutting tools. The CVD films are being used for different applications over microelectronics components, data storage, cutting tools, medical equipment, solar products and many of other end-use applications. Moreover rise in application of technological over several end-use are expected to be one of the major driving factor to this industry.

According to study, “Global Chemical Vapor Deposition (CVD) Market to reach USD XXX billion by 2026” the key companies operating in the global CVD market are ADEKA Corporation, CVD Equipment Corporation, Aixtron, ASM International, Applied Materials Inc.,LAM Research Corporation, Dynavac,OC Oerlikon Management AG, IHI Ionbond AG, Oxford Instruments, Mustang Vacuum Systems, Tokyo Electron Limited, Plasma-Therm, Veeco Instruments Inc., ULVAC Inc.

Based on category, CVD market is segmented as CVD materials, CVD equipment and CVD services. CVD materials segment holds major share in market owing to rise in demand for optical, medical equipment, electronics, and industrial applications of advanced mono-structured coatings for as high-speed machining, tooling, and magnetic storage devices. Based on technology, market is segmented as plasma enhanced CVD, low pressure CVD, atmospheric pressure CVD, metal organic CVD and others. In addition, based on application, market is segmented as medical equipment, solar products, microelectronics, data storage, cutting tools and others. Medical equipment segment is anticipated to exhibit substantial growth rate due to increase in government expenditure in equipment for the medical sector in developing countries during the forecast period.

The CVD market is driven by rise in demand and adoption of consumer electronics, followed by increase in regulatory guidelines framed by EPA and OSHA and increase in utility of high performance thin films in solar panels. However, high capital investments along with strict regulations framed by government towards f-gases may impact the market.

Based on geography, the North-American is the significant region in global CVD market owing to favorable regulatory guidelines framed by central governments towards use of CVD and escalating utility of high performance thin films in solar panels in the region. Whereas, the Asian-Pacific region is also anticipated to show highest growth rate due to growth in manufacturing & adoption of consumer electronics along with rise in investments made by private organizations over the forecast period. In upcoming years, it is estimated that future of the global market will be bright on account of surge in demand from the electronics sector during the forecast period. Global Chemical Vapor Deposition (CVD) Market was valued at US $25.19 Billion in 2018 and is anticipated to reach US$53.24 Billion by 2026, growing at a CAGR of 9.83% from 2019-2026.

For More Information, refer to below link:-

Global Chemical Vapor Deposition (CVD) Market

Related Report:-

Global Chemical Vapor Deposition(CVD) Graphene Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

Proficient Growth In Argon Global Market Outlook: Ken Research

The argon market entails of sales of argon gas. Argon is a chemical element well-known as a Nobel gas (inert gas) inaccessible on a great scale by fractional distillation of liquid air and can be transformed into colorless liquid form by depressing the temperature to below -186 degrees.

According to the report analysis, ‘Argon Global Market Report 2020’ states that in the argon market there are several companies which presently functioning more effectively for leading the highest market growth and registering the effective value of market share around the globe during the upcoming years while spreading the awareness related to argon, increasing the applications and benefits of such, delivering the better consumer satisfaction, analyzing and studying the strategies of the government and competitors, implementing the profitable strategies, employing the young work force and developing the specifications of the argon includes Airgas, Air Liquide, Linde, Messer Group, Praxair, Air Water, Air Products, American Gas Group, BASF, Buzwair, Eurochem, SABIC and several others.

The worldwide argon market was worth USD 5.04 billion in 2019. It is projected to increase at a compound annual growth rate (CAGR) of 10% and reach USD 7.27 billion by 2023. Whereas, the argon market has been geographically sectored into North America, Western Europe, Asia-Pacific, Eastern Europe, South America and Middle East & Africa. Asia Pacific registers for around 39% of the market.

The argon market sheltered in the market is classification by phase into liquid, gas. It is also divided by end-user into metal producing& fabrication, chemicals, energy, healthcare, electronics, food & beverage, others (involves scuba diving, automotive & transportation equipment).

The argon gas market is projected to be driven by the increasing demand from the electronics industry. As argon gas delivers inert atmosphere needed for speedy cooling and heating of materials it will be broadly used for manufacturing semiconductors, flat panels, solar PV cells and microelectronic devices across electronics industry. The electronics industry has more scope owing to the growth in the technology market especially across Asia Pacific, which is propelling the requirement for advanced semiconductor components and great reliance on the specialty gases such as argon.

Increasing costs had an undesirable impact on the growth of the argon gas market. This growth in raw material costs resulted in greater manufacturing costs, thus declining the investments available for the research and development of new products. Additionally, entities invested profoundly on marketing their products owing to intense competition in the market. Increasing trucking, railroad, dry-bulk and air-freight rates also destructively impacted the market. This growth in operating costs augmented the pressure on corporates to safeguard margins, while maintaining the quality of their products.

Voluminous chemical manufacturers are accepting IoT (Internet of Things) technologies to connect equipment and smart devices to harvest real time insights and locate gaps in the manufacturing process. The data acquired through these devices is administered, analyzed and understood by plant managers and senior level management to advance quality and achieve optimal production levels. For example, smart systems give information on the working situation and performance of chemical apparatuses with the embedded software and analytics tools to advise plant operators and managers on imaginable machine breakdowns. Major industrial gas manufacturers espousing IoT technology consist of Praxair-Linde and Air Products. Therefore, in the near years, it is anticipated that the market of argon will increase around the globe more effectively over the forthcoming years.

For More Information, refer to below link:-

Global Argon Market

Related Report:-

Global High Purity Argon Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024

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