How the launch of Aramco IPO & COVID 19 impacted KSA market?

The debut by Aramco IPO on Tadawul, stock exchange increased the country’s market capitalization by >300% thereby making itself the 9^th largest stock exchange in the world. This also pushed the TASI index by ~4% (Q3 2019 to Q4 2019) to reach a level of 8,389.2 points.

 

Figure: Value Traded fluctuations corresponding to TASI Index fluctuations

Source: Tadawul Statistical Report 

With limited financial awareness & limited opportunities, the participation in equity market has been dominated by institutional investments for a long time. It was observed that up until Quarter 3 of 2019, the retail participation was quiet stagnant with a growth rate of mere 0-1%. However, post launch of Aramco the market saw a sudden surge in the retail participation level. Aramco has been one of the world’s most profitable company for many years. It was years of trust instilled in the company that bought many first time investors to invest in the market. Owing to its global image, the company expected large foreign investments as well. But the global investors always held their concerns regarding company’s transparency towards its reporting & valuation. Therefore, the foreign investor participation did not meet the expected level.

Source: Tadawul and Ken Research Analysis 

The onset of COVID 19 pandemic placed the world under a lockdown the economies around the world suffered losses & stock exchanges started hitting their decade lows. This was further supplemented by dropping oil prices as the demand for oil drastically reduced across the globe. While some investors exited the market some investors stayed with the perspective of making long term profits as well. The brokerages saw an increase in number of account openings dominated by retail participants who wanted to benefit from prevailing low prices. Top Brokerage firms witnessed a growth in monthly account opening rates around 30-40% higher compared to pre-COVID levels.

Being the largest exchange in Middle Eastern region, Tadawul lacked in offering diversification options. It was recently in July 2020, it launched trading of derivatives for the first time starting off with futures trading. This has been acting as a supplementary attraction factor to many retail participants. In order to make Tadawul a complete trading ecosystem, the government is expected to soon launch trading of options and commodities as well. Therefore in such scenario we can expect the retail participation to increase from 22% (Q3’19) to ~24% (end of 2020).

Companies Covered:-

Al Rajhi Capital

NCB Capital

Aljazira Capital

Samba Capital

Saudi Fransi Capital

Derayah Capital

Riyad Capital

HSBC Saudi Arabia

Alistithmar Capital

ANB Invest

Albilad Investment

Alinma Investment

EFG Herms Saudi Arabia

Merrill Lynch KSA Co.

Falcom Financial Services

Morgan Stanley

Alawwal Invest

Deutsche Securities Saudi Arabia

Al Khair Capital

Jadwa Investment

Arbah Capital

Emirates NBD Capital

Audi Capital

GIB Capital

Citigroup Saudi Arabia

Time Period Captured in the Report:-

Historical Period: 2015–2019

Forecast Period: 2020-2024

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

KSA Financial Brokerages Market

Related Reports:-

Turkey Cards and Payments Market Outlook to 2023 – Rapid Acceptance of TROY Cards and Contactless Cards Coupled with Rising Penetration of Credit Cards to Drive Market Growth

India Financial Brokerage Industry Outlook to FY’2024 – Compelling Incumbents to Adopt Hybrid Brokerage Model

Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

Increase in Production of Aluminum Expected to Drive Global Cold Rolled Aluminum Coil Market: Ken Research

 Cold Rolled Aluminum Coils are cold rolled steel coils, produced by processing the aluminum metal through the cold rolling process. The process is primarily carried out to obtain strips & aluminum sheets of the required final gauge and improved physical properties such as weldability, corrosion resistance, and medium strength. These coils are mainly used to make oil pipes, transportation vehicles, airplane oil tanks, ships and Food & Packaging industry. Cold “rolled” aluminum coil is often used to illustrate a range of finishing processes, though technically “cold rolled” applies only to sheets which undergo compression between rollers. Steel forms that are pulled, for instance bars or tubes, are “drawn,” not rolled. Other cold finishing processes include grinding, turning, and polishing—each of which is used to modify accessible hot rolled stock into more refined products.

Cold rolled steel can often be identified by some following characteristics: smooth surfaces that are often oily to the touch, bars are true and square, better & more finished surfaces with closer tolerances, and often have well-defined edges or corners and tubes have better concentric uniformity & straightness. The considerable growth in these end-use industries drives the market for Cold Rolled Aluminum coils over the forecast period.

According to study, “Global Cold Rolled Aluminum Coil Market to reach USD XXX million by 2026” the key companies operating in the global cold rolled aluminum coil market are China Baowu Steel Group, JFE Steel Corporation, Nippon Steel and Sumitomo Metal, POSCO, United States Steel Corporation, ArcelorMittal, China Steel Corporation, Shougang, Steel Authority of India Limited, Hyundai Steel, Maanshan Steel, Ansteel Group, Hesteel Group, Benxi Steel Group, NLMK Group, Nucor Corporation, ThyssenKrupp, Shagang Group, JSW Steel Ltd., Tata Steel and Valin Steel Group. The companies are started competing by mergers & acquisitions among themselves to attain the competitive advantage over the market. The key strategies adopted by players have led to increase the market share is development of the innovative products.

Based on type, cold rolled aluminum coil market is segmented as 1000 series coil, 2000 series coil, 3000 series coil, 4000 series coil, 5000 series coil, 6000 series coil and 7000 series coil. Based on product type, market is segmented as cold rolled aluminum coil (thickness less than 3mm) and cold rolled aluminum coil (thickness greater than 3 mm) .In addition, based on application, market is segmented as consumer goods, transport, electrical engineering, building & construction, machinery & equipment, foil & packaging, and others.

The cold rolled aluminum coil market is driven by increase in production of aluminum, followed by rise in production of aluminum from different sources including Primary and secondary. However, Volatility of raw material prices may impact the market.

Based on geography, the Asian-Pacific region dominates the global cold rolled aluminum coil market owing to largest production of aluminum in the region. Whereas, the North-American and European regions are estimated to witness higher growth rate due to growth in industrialization along with the rise in use of these aluminum coils in multiple end-user industries over the forecast period.

For More Information, Click on the Link Below:-

Global Cold Rolled Aluminum Coil Market

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Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

Rise in Demand for Flexible Pipes Expected to Drive Global Thermoplastic Pipe Market: Ken Research

Thermoplastic pipe is an alternative to conventional pipe lining materials that consist of the attraction of thermoplastic composite materials mainly stems from its ability to replace standard light-weight & high-strength metals with even lighter weight/higher strength alternatives. Thermoplastic pipes are primarily utilized in the carriage of solids, liquids, and gases. These pipes possess the qualities for instance low installation cost, greater flow, excellent chemical resistance with stand high temperature flexibility, high mechanical strength, and rust resistant features. These valuable attributes offered by the thermoplastic pipes makes them extremely preferred over the metal pipes and thus widely used in the oil and gas offshore drilling. The other application areas of the thermoplastics are in chemical, municipal, and mining & dredging sector.

According to study, “Global Thermoplastic Pipe Market to reach USD 3.9 billion by 2026” the key companies operating in the global thermoplastic pipe market are Airborne Oil & Gas, Magma Global, Georg Fischer Piping Systems,  Chevron Philips Chemical Company, Advanced Drainage Systems, National Oilwell Varco, Baker Hughes Company, Technipfmc, Changchun Gaoxiang Special Pipe, Uponor Corporation, Pipelife International, Prysmian, Flexsteel Pipeline Technologies, Shawcor, Saudi Arabian Amiantit, Ipex, Simtech, Pes.Tec, Aetna Plastics, Topolo.

Based on product type, thermoplastic pipe market is segmented as Reinforced thermoplastic pipe (RTP) and Thermoplastic composite pipe (TCP). TCP is used in greater water depths upto 3,000 meters in offshore, it also can be laid upto 4 kilometers of continuous length, and therefore it is more demanded than steel pipes. Based on polymer type, market is segmented as Polyethylene (PE), Polyvinyl chloride (PVC), Polypropylene (PP), Polyvinylidene fluoride (PVDF) and others (Polyamide (PA) and Polyether Ether Ketone (Peek), Polytetrafluoroethylene (PTFE) and Forced Reinforced Plastics (FRP)). The high Polyethylene (PE) segment is anticipated to be the fastest-growing market over the forecast period. There are two variants of PE pipes: PEX (cross-linked polyethylene) and HDPE (high-density polyethylene pipes). In addition, based on application, market is segmented as water & wastewater, mining & dredging, oil & gas and utilities & renewable. The oil & gas industry segment dominates the market owing to increase in drilling practices for offshore exploration.

The thermoplastic pipe market is driven by rise in demand for flexible pipes, followed by increase in use of polyethylene pipes for water and wastewater in municipal and immense usage in oil & gas industry, especially in deep water and ultra-deep water applications. Moreover, enormous opportunity in the offshore industry in developing countries is a key opportunity for market. Furthermore, rise in demand in chemical and municipal sectors of developing countries is a major trend for market.

Based on geography, the North-American is the leading region in global thermoplastic pipe market owing to increase in oil & gas production and rise in exploration activities in the region. Whereas, the Asian-Pacific and European regions are estimated to witness higher growth rate due to rapid urbanization & industrialization along with growth in mining activities in Australia, China and India. The global thermoplastic pipe market is valued approximately at US $2.7 billion in 2019 and is projected to grow with a healthy growth rate of more than 5.20% over the forecast period 2020 to 2026.

For More Information refer to below link:-

Global Thermoplastic Pipe Market

Related Report:-

Global Thermoplastic Pipe Market 2018 by Manufacturers, Regions, Type and Application, Forecast to 2023

Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

Speedy Increment across Blow Molding Machinery Market Outlook: Ken Research

 The Low molding machines conduct producing processes in which hollow plastic components are combined to form bottles and numerous other commodities. The process involves melting plastic, and then enabling the compressed air to transfer through the tube-like object with a hole at one end. Unrelenting the molten plastic to match the mold enables usage of the air pressure.

According to the report analysis, ‘Global Blow Molding Machinery Market to reach USD 6,476.93 million by 2026’ states that in the worldwide blow molding machinery market there are several corporates which presently operating more proficiently for leading the highest market growth and registering the handsome value of market share around the globe while spreading the awareness related to the applications of such, decreasing the linked prices, employing the young work force, developing the applications of such, implementing the profitable strategies, advancing and strengthen the specifications of the production technologies, analyzing and observing the strategies and policies of the government as well as competitors and establishing the several research and development programs includes Bekum, Jsw Group, Milacron, Nissei Asb Machine, Parker Plastic Machinery, Jomar Corporation, Jiangsu Victor Machinery Ltd., British Plastics Federation and several others.

The wide-ranging Blow Molding Machinery Market is worth approximately at USD 4,839.54 million during 2019 and is probable to grow with a vigorous growth rate of more than 3.71% over the review period of 2020-2026. The market growth is largely driven by growth in plastic industry. Additionally, heaving requirement from food and beverages packaging along with the augmenting the adoption of rigid plastics in packaging materials are other foremost factors which are propelling the growth of the market. However, environmental anxieties associated with the blow molding machinery are projected to limit the market growth. Squat labor costs, bulk introduction and high requirement for molded plastic products are propelling growth in the industry. Compared to other establishing methods, blow molding is the most multipurpose technique. This is also frequently optimized in industries such as the automotive, medical, packaging, food & beverage, and numerous others. The positive increment in demand for blow molding machines in the food & beverage industry to produce the several packaging and processing components, involving the food & beverage containers, processing equipment components, conveyor system components, and several others, is one of the foremost factors influencing market growth.

Furthermore, the regional investigation of Blow Molding Machinery market is measured for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Over the approaching years, the Asia Pacific region is estimated to see noteworthy growth in the blow molding machinery market due to growing trend of westernization, swelling disposable incomes and fluctuating consumer food habits have fueled requirement for bottled beverages, predominantly in underdeveloped countries like India and China. Additionally, the busy lifestyles have led consumers around the country to indicate soda and carbonated beverages. This, in effect, is probable to propel regional requirement for packaging items. Therefore, in the near years, it is predicted that the market of blow molding machinery will increase around the globe more positively over the forthcoming years.

For More Information, Click on the Link Below:-

Global Blow Molding Machinery Market

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

Competitive Analysis of Top 25 Financial Brokerages in KSA: Ken Research

The publication titled ‘Competitive Analysis of Top 25 Financial Brokerages in KSA - Financial & Operational Performance, Future Plans and Recent Developments’ undertakes analysis of the Saudi Arabia Capital Market Trading Industry, Business Model & revenue streams adopted by key players, Trading Channels used by participants, Investor’s Overview (Retail & Institutional) and Industry’s Future Potential.

With more than 200 companies listed as of December 2019, Saudi Arabia is governed by one stock exchange i.e. Tadawul. In February 2017, the government of Saudi Arabia launched parallel equity platform “NOMU” platform with lighter listing requirements & serving as an alternative to small scale companies wanting to go public. For a long time the trading market in the , country was informal in nature. It was only in 2003, the government established Capital Market Authority, the regulator of the market and thereby leading to the establishment of Saudi Stock Exchange Tadawul in 2007. With a market cap of SAR 9 Tn, Tadawul is the largest exchange in Middle East region and ranks among top 10 exchanges in the world.

Lagging Behind Other Countries in Product Offerings:-

However, when compared to other emerging countries Tadawul still lags behind in terms of different trading segments being offered to its customers. It was in July 2020 that the market allowed trading of derivatives, starting off with Futures Contract. This earlier limited the investor’s diversification capacity thereby forcing it to invest in conventional alternative investments. Providing a solution to its consumers, Brokerage Houses in the country offer investment opportunities in international markets of US, Europe and some of Asian Pacific countries as well. Perhaps due to high brokerage and international duty charges, affordability becomes an issue for investors.

Launch of Aramco- biggest ever IPO and Derivative products:-

In 2019, Aramco raised USD 25.6 Bn by launching country’s biggest ever IPO surpassing China giant Alibaba. The trust in state owned oil company attracted many first time investors to the market, recording a growth of ~15% and taking total number of individual investors to 5.47 Mn. With institutional & non institutional investments pouring in market recorded growth of >300% in market capitalization making Tadawul as the largest stock exchange in the region.

In an attempt to increase sophistication of domestic capital market, Saudi Arabia announced the launch of Derivatives Trading. With derivative trading being very rare in Middle Eastern markets, the development is expected to attract retail investors from GCC and other international countries. Keeping in mind the product complexity and safety of retail investors, the government also launched the Saudi Clearing House.

Highly Fragmented Competitive Landscape

Competitive landscape in Saudi Arabia Financial Brokerage Industry is observed to be highly fragmented with ~70% of market share occupied by top 25 players being led by Al Rajhi Capital, NCB Capital, Aljazira Capital, HSBC Saudi Arabia and others. With prevalent uniform brokerage commission the companies compete on parameters including international markets offered, advisory services, Investment products, trading channels offered. With majority of trades being placed via online channels, major players have been investing on the development of Online trading channels & mobile based platforms.

KSA Financial Brokerage Industry Future Growth Potential

Analysts at Ken Research estimate the industry to grow at a CAGR of ~10% in next 5 years; attributable to increased retail participation, new trading products introduction and increased foreign & institutional participation. With markets hitting lows during COVID period, there has been a surge in new account openings and increased trading activities. Key industry players are expected to further invest in trading channels development, offering research & technical analysis tools and diversify product portfolios by offering more international market opportunities.

Companies Covered:-

Al Rajhi Capital

NCB Capital

Aljazira Capital

Samba Capital

Saudi Fransi Capital

Derayah Capital

Riyad Capital

HSBC Saudi Arabia

Alistithmar Capital

ANB Invest

Albilad Investment

Alinma Investment

EFG Herms Saudi Arabia

Merrill Lynch KSA Co.

Falcom Financial Services

Morgan Stanley

Alawwal Invest

Deutsche Securities Saudi Arabia

Al Khair Capital

Jadwa Investment

Arbah Capital

Emirates NBD Capital

Audi Capital

GIB Capital

Citigroup Saudi Arabia

Time Period Captured in the Report:-

Historical Period: 2015–2019

Forecast Period: 2020-2024

Key Topics Covered in the Report:-

Industry Overview- Key Trading Statistics for Equity, Sukuk & Bonds, ETFs and Mutual Funds

Investor’s Overview

Trading Summary-Value, Volume   & Number of transactions, Online Trading and Sukuk & Bonds Trading statistics across top 25 players

Operational Indicators- Number of Individual Clients & portfolios, Online traders, AUM, Customer Acquisition Cost, Net Adjusted Working Capital and Number of Investment Centres for top 25 players

Pricing parameters for local & International Stock Exchanges

Financial Indicators covering Total Revenue, segmental Revenue, Operating Expenses, Operating Profit, Net Profit across top 25 players

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

KSA Financial Brokerages Market

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Turkey Cards and Payments Market Outlook to 2023 – Rapid Acceptance of TROY Cards and Contactless Cards Coupled with Rising Penetration of Credit Cards to Drive Market Growth

India Financial Brokerage Industry Outlook to FY’2024 – Compelling Incumbents to Adopt Hybrid Brokerage Model

Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

Prominent Growth across Global Block chain IoT Market Outlook: Ken Research

 The Blockchain technology is utilized by several retailers and producers to streamline their procedures and decrease the extra overheads. Additionally, the employment of both blockchain and IoT is supporting retailers monitor products and circumvent product employment. Blockchain delivers the security with advanced levels of encryption that eliminate the challenges IoT faces. The increasing requirement for product observing solutions is thus also propelling the IoT blockchain market. Foremost assistances of blockchain technology are less paperwork leading to fewer transportation delays, inferior shipping costs, few manual errors and reckless product recognition.

According to the report analysis, ‘Global Blockchain IoT Market to reach USD 10232.71 million by 2026’ states that in the global blockchain IoT market there are numerous companies which recently operating more actively for leading the highest market growth and accounting the handsome value of market share around the globe throughout the short span of time while implementing the profitable strategies, decreasing the linked prices, employing the young work force, advancing the applications of such, improving the specifications of the production technologies, delivering the better consumer satisfaction, establishing the several research and development programs and spreading the awareness related to the applications of such includes IBM Corporation, Microsoft Corporation, Intel Corporation, Amazon.com, Inc., Cisco Systems, Ethereum Foundation, The Linux Foundation, R3, Filament, Ambrosus, Atonomi and several others.

In addition, the Global Blockchain IoT Market is valued nearly at USD 59.42 million in 2019 and is projected to increase with a healthy growth rate of more than 90.33% over the forecast period of 2020-2026. The market growth is principally driven by augmenting the adoption of internet of things along with the growing emphasis on improving the functional efficiency. Additionally, the growth in initiatives taken by government and pouring utility of blockchain solutions for the digital identity and smart contracts are further probable to influence the growth of the market. However, the uncertain regulatory status and shortage of awareness concerned to blockchain technology are expected to limit the market growth. One reason for such an increase in the industry is across the globe IoT networking for data sharing. At the same time, service offering higher protection in data transfer often supports to augment the implementation of this technology. The increasing acceptance of blockchain payment technology in the retail sector is projected to propel the blockchain IoT market over the review timespan. 

Although, the provincial analysis of Global Blockchain IoT market is deliberated for the key regions likewise Asia Pacific, North America, Europe, Latin America and Rest of the World. Over the forthcoming years, the Asia Pacific region is projected to see significant growth in the worldwide IoT blockchain industry. China is predicted to create enormous requirement for blockchain solutions, predominantly from its manufacturing segment. Owing to the increasing investment made for retail IoT solutions, the European blockchain IoT market is predicted to control a large share world wise. Top retailers are focused on utilizing the blockchain-based IoT technologies to augment their retail services to clients. Therefore, in the near years, it is predicted that the market of Blockchain IoT will increase around the globe more effectively over the inflowing years.

For More Information, Click on the Link Below:-

Global Blockchain IoT Market

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

Global Turmeric Beverage Market Research Report: Ken Research

The Turmeric Beverage market is expected to grow from USD X.X million in 2020 to USD X.X million by 2026, at a CAGR of X.X% during the forecast period. The global Turmeric Beverage market report is a comprehensive research that focuses on the overall consumption structure, development trends, sales models and sales of top countries in the global Turmeric Beverage market. The report focuses on well-known providers in the global Turmeric Beverage industry, market segments, competition, and the macro environment.

Under COVID-19 Outbreak, how the Turmeric Beverage Industry will develop is also analyzed in detail in Chapter 1.7 of the report.

In Chapter 2.4, we analyzed industry trends in the context of COVID-19.

In Chapter 3.5, we analyzed the impact of COVID-19 on the product industry chain based on the upstream and downstream markets.

In Chapters 6 to 10 of the report, we analyze the impact of COVID-19 on various regions and major countries.

In chapter 13.5, the impact of COVID-19 on the future development of the industry is pointed out.

A holistic study of the market is made by considering a variety of factors, from demographics conditions and business cycles in a particular country to market-specific microeconomic impacts. The study found the shift in market paradigms in terms of regional competitive advantage and the competitive landscape of major players.

Key players in the global Turmeric Beverage market covered in Chapter 4:

DunnEUR s River Brands

Just-C

Numi

House Foods Group

Gaia Herbs

Unilever

In Chapter 11 and 13.3, on the basis of types, the Turmeric Beverage market from 2015 to 2026 is primarily split into:

Turmeric Teas

Turmeric Lattes

Turmeric-Based Juices

Sparkling Water

Others

In Chapter 12 and 13.4, on the basis of applications, the Turmeric Beverage market from 2015 to 2026 covers:

Supermarket

Convenience Store

Electronic Commerce

Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2015-2026) of the following regions are covered in Chapter 5, 6, 7, 8, 9, 10, 13:

North America (Covered in Chapter 6 and 13)

United States

Canada

Mexico

Europe (Covered in Chapter 7 and 13)

Germany

UK

France

Italy

Spain

Russia

Others

Asia-Pacific (Covered in Chapter 8 and 13)

China

Japan

South Korea

Australia

India

Southeast Asia

Others

Middle East and Africa (Covered in Chapter 9 and 13)

Saudi Arabia

UAE

Egypt

Nigeria

South Africa

Others

South America (Covered in Chapter 10 and 13)

Brazil

Argentina

Columbia

Chile

Others

Years considered for this report:

Historical Years: 2015-2019

Base Year: 2019

Estimated Year: 2020

Forecast Period: 2020-2026

For More Information refer to below link:-

Global Turmeric Beverage Market

Contact Us:-

Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

Global Disinfectants Market Outlook: Ken Research

 Major players in the disinfectants market are 3M Company, Johnson & Johnson, Reckitt Benckiser Group PLC, Bio-Cide International Inc., Cardinal Health, Steris Corporation, Procter & Gamble, Kimberly-Clark Corporation, and Novartis AG.

The global disinfectants market is expected to grow from USD 0.66 billion in 2019 to 0.78 billion in 2020 at a compound annual growth rate (CAGR) of 17.2%. The mark able growth is mainly due to the COVID-19 outbreak and the measures to contain it. Coronavirus infection is transmitted in most instances through contact with contaminated surfaces/objects. The virus gets easily inactivated by chemical disinfectants, increasing the demand has significantly. The market is then expected to stabilize and reach USD 1.04 billion in 2023 at CAGR of 10.02%.

The disinfectants market consists of sales of the chemical solutions that kill microorganisms and prevent infectious diseases. Disinfectant in general refers to a chemical agent that is used to kill all recognized pathogenic microorganisms on inanimate objects on the surface of floors, tiles, washrooms, furniture and instrument.

North America was the largest region in the disinfectants market in 2019. Asia-Pacific is expected to be the fastest growing regions in the forecast period.

Disinfectant service providers are using the drone to spray the disinfectant solutions without using humans to reduce the spread of infection from the contaminated area. In China, several drone manufacturer has modified their agricultural drone models, which were originally intended to spray crops with pesticides, to spray disinfectant. Over large areas can be disinfected with ease and effective way.

A saturated market of developed economies is expected to limit the growth of the disinfectant market. In recent years, the developed countries are using the same quantity of disinfectant solutions as previous years. Due to the stabilized consumption, the growth rate in developed markets is expected to decline when compared to the growth of disinfectants in the emerging market. Inadequate change in the market hampers the disinfectant market.

In March 2019, Innovative chemical products acquired benefect for an undisclosed amount. The acquisition is expected to strength the ICP BSG's family. Benefect is founded in year 2006 and leading supplier of hospital disinfectant using essential oils from plants.

Rising occurrence of hospital-acquired infections increased spending on disinfectant solutions globally and this factor contributed to the global disinfectant market's growth. Patients sometimes get cured in hospitals but however get infected by other diseases in hospitals itself, this is called Hospital-acquired infections (HAI). According to the world health organization (WHO), in Europe, nearly 41.31 lakhs patients are infected by approximately 45.441 lakhs episodes of healthcare-associated infections every year. The increase in safety towards patients in hospitals has boosted the spending on disinfecting solutions which resulted in the growth of the disinfectant market.

For More Information, Click on the Link Below:-

Global Disinfectants Market

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249