Wednesday, October 12, 2022

Indonesia Industrial WWT market is expected to generate $1.9 Bn in Revenue, due to increase in Industrial Establishments in 2027F: Ken Research

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Zero Liquidation Discharge: ZLD is fast gaining prominence in Indonesia and many companies are opting for this technology to reduce their water footprint as well as to cope up with the water scarcity. Many industries have voluntarily adopted for ZLD technology. Treated water help in sustaining the water level as well as maintaining the quality of surrounding water bodies.

Adoption of New Technologies:  The demand for process equipment in the Indonesia Industrial water and water treatment Market is on constant rise due to adoption of latest technologies and upgradation of efficiency and treatment capacity of equipment. Efficient systems can be designed to ensure that secondary and tertiary treatment equipment are chosen suitable to treat specific pollutant. It will help in improving faster and efficient treatment. It may cost a little more but in the long run efficiency and higher performance is expected to compensate.

Growing Demand for Water Treatment and Importance of New Efficient Equipments: Pumps and other energy guzzling equipment with better energy efficiency are gaining importance as focus is shifting on reducing the carbon and energy footprint. This has created a market for which the EPC contractors have to pay premium. Pumps and other energy guzzling equipments with better energy efficiency are gaining importance as focus is shifting on reducing the carbon and energy footprint. This has created a market for which the EPC contractors have to pay premium.

Increase Awareness about Benefits of Utilizing Treated Water: Treated water helps in sustaining the water level as well as maintaining the quality of surrounding water bodies. It ensures longer and constant supply of water. Costs of using the treated water leads to increase in costs which can be transferred to customers or a lobby can be created to ensure that violators are strictly and aptly punished.

Analysts at Ken Research in their latest publication Indonesia Industrial Waste Water Treatment Market Outlook 2027F – Driven By Rising Industrialization, Depletion of Resources and Government’s Strong Initiatives in Waste Water Treatment by Ken Research observed that Waste Water Treatment market is an emergent market in Indonesia at a rebounding stage from the economic crisis after pandemic. The rising industrialization and pollution in the rivers, along with the growing awareness and Government initiatives, is expected to contribute to the market growth over the forecast period. The Indonesia Waste Water Treatment Market is expected to grow at a CAGR of 8.9% over the forecasted period 2022-2027F.

indonesia-waste-water-treatment-market

Key Segments Covered:-

Indonesia Waste Water Treatment Market

By Region

Jakarta & Java

Sulawesi

Sumatra

Kalimantan

Maluku

Iranian Java

By Type of Companies:-

EPC

O&M

By Industries:-

Power plants

Paper

Textiles

Palm Oil

F&B

Others

Key Target Audience:-

Waste Water Treatment Service Providers

Water Treatment Equipment Distributors

Water Treatment Equipment Manufacturers

FMCG Companies

Waste Water Treatment Companies

Palm Oil Manufactures

Paper Manufactures

Government Bodies & Regulating Authorities

Time Period Captured in the Report:-

Historical Period: 2017-2022

Base Year: 2022

Forecast Period: 2022– 2027F

Request For Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MDA3

Companies Covered:-

PT Beta Pramesti

Kurita Water Industries

Metito

Envitech Perkasa

PT. Padi Hijau Buana

PT Amanaid

PT Eswareco Tama

PT Kohken WaterTech

Biosystem Limited

PT Hydromaster Harmoni Nusantara

PT Lautan Organo Water

PT Harum Tirta Jaya

PT Adika Tirta Daya

PJL Enviro/ Surya Cipta Waste Water

Key Topics Covered in the Report:-

Indonesia Waste Water Overview

Indonesia Industrial Waste Water Market Overview

Ecosystem of Indonesia Industrial Waste Water Market

Business Cycle and Genesis of Indonesia Industrial Waste Water Treatment Markets

Business Model in Indonesia Waste Water Treatment System

Value Chains of Indonesia Waste Water Treatment System

End User Analysis of Indonesia Industrial Waste Water Treatment Market

Industry Analysis of Indonesia Industrial Waste Water Treatment Market

SWOT Analysis of Indonesia Industrial Waste Water Treatment Market

Key Growth Drivers in Industrial Waste Water Treatment Market in Indonesia

Major Challenges and Issues in Indonesia Industrial Waste Water Treatment Market

Competition Framework in Indonesia Industrial Waste Water Treatment Market

Detailed Analysis on Indonesia Industrial Waste Water Treatment Market (Market Size and Segmentation, 2017-2022; Future Market Size and Segmentation, 2022-2027F)

Market Opportunity and Analyst Recommendations

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

Indonesia Industrial Waste Water Treatment Market

Related Reports:-

Vietnam Industrial Water and Waste Water Treatment Market Outlook To 2022 - By Region (North, South And Central) And By Industry (Food Processing, Textile, Chemical, Power, Oil And Gas, Fertilizers And Others)

Malaysia Industrial Water And Waste Water Treatment Market Outlook To 2022 - By Region (North, Kuala Lumpur, South And East, And Sabah And Sarawak) And By Industry (Agriculture And Food, Palm Oil, Oil And Gas, Electronics, And Others)

Philippines Industrial Water And Waste Water Treatment Market Outlook To 2022 - By Region (Luzon, Visayas And Mindanao) And By Industry (Electronics-Semiconductors, Agriculture-Food Processing, Chemicals-Pharmaceuticals-Fertilizers, Power And Others)

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

5 Key Insights on US$ 192 Bn Opportunity in Global Pharmaceutical Packaging Market: Ken Research

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Driven by the increasing focus of pharmaceutical packaging solution providers on sustainable and eco-friendly packaging along with the surging demand for easy-to-use, easy-to-dispose, and child-resistance packaging for pharmaceutical products, the Global Pharmaceutical Packaging Market is Forecasted to reach nearly US$ 192 Bn by 2028 says Ken Research Study.

Pharmaceutical packaging is the economical means of providing protection, identification information, presentation, convenience, and compliance for the product during transport, storage, display, and until the product is consumed. Different types of packaging are used for pharmaceutical products such as primary, secondary, and tertiary, and are primarily used for storing semisolid, solid, and liquid forms of formulations, including syrups, capsules, tablets, and topical drug formulations.

Ken Research shares 5 key insights on this high opportunity market from its latest research study.

1. Pharma Industry has witnessed a Rapid Surge in Eco-Friendly and Sustainable Packaging post-2020

Pharmaceutical packaging is essential to protect drugs from any kind of damage or contamination. Sustainable and environmentally friendly pharmaceutical packaging is gaining importance owing to rising concerns related to the environment among consumers as well as manufacturers. Governmental bodies and manufacturers are taking initiatives to introduce sustainable packaging in the pharmaceutical industry to reduce carbon footprints and address environmental-related challenges. However, the shortage of raw materials and inflated prices may affect the manufacturers especially the small-scale manufacturer of pharmaceutical packaging, which is anticipated to hamper the growth of the market.

The growing usage of smart packaging for patient identification and engagement is creating immense opportunities for the growth of the global pharmaceutical packaging market.

According to Ken Research estimates, the Global Pharmaceutical Packaging Market – valued at around US$ 75 Bn in 2017 and estimated to reach nearly US$ 110 Bn by 2022 – is expected to grow around US$ 180 Bn opportunity by 2028.

Global Pharmaceutical Packaging Market2. The Demand for Child Resistance Packaging is Driving the Market Growth

The increase in demand for innovative childproof pharmaceutical packaging to avoid access to drugs for children is expected to propel the growth of the market. The demand for child resistance packaging is increasing as a safety measure to prevent the unintended and harmful intake of drugs by children. Packaging manufacturers also ensure child-resistance packaging by introducing single-dose blister packaging, safety caps or closures, and other products. The increase in the cases of child death due to acute poisoning from pharmaceutical products has increased the demand for child-resistance pharmaceutical packaging.

  • According to European Child Safety Alliance, around 3,000 children in the EU under the age of 14 die from acute poisoning each year after gaining access to pharmaceutical products.

The below figure depicts the number of deaths due to paediatric poisoning in the USA.

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Global Pharmaceutical Packaging Market3. Fluctuating Prices and Shortage of Raw Materials are the Most Significant Barrier to the Growth of the Pharmaceutical Packaging Market.

  • The volatility in the raw material prices including wood pulp and others for pharmaceutical packaging may hamper the growth of the market. The shortage of raw materials such as plastic, paper, glass, and others especially due to COVID-19 restrictions has upended the manufacturing process of pharmaceutical packaging as well as elevated the prices. The COVID-19 pandemic led to the shortage of workers and the shutdown of factories which resulted in disruption in the manufacturing of raw materials as well as their transportation. The above-mentioned factor is expected to hinder the growth of the pharmaceutical packaging market globally.
  • In March 2022, the cost of pulp, which is a key raw material for paper and corrugated boxes, has increased by over 25% due to higher quality environmental standards, and increased fuel prices which ultimately increased the transportation cost, and scarcity of raw material.

The below graph depicts the producer price index of pulp, paper, and wood pulp. The fluctuating prices of raw materials for pharmaceutical packaging may hamper the growth of the market.

Global Pharmaceutical Packaging Market4. Pharma Manufacturing holds the Major Share among End-User Segments and is Expected to Maintain Dominance During the Forecast Period.

Among the end-user segments, pharma manufacturing remained the dominant segment during the 2017-2022 period contributing to maximum market revenue share. Further, the Research Study found that this segment is likely to retain dominance even by 2028. Its dominance is owing to the rising population and poor medical facilities along with the rising prevalence of various diseases is further increasing the demand for pharmaceutical products and their packaging and demand for better medical facilities. Moreover, the demand for convenient and clean packaging is increasing among pharmaceutical manufacturers to promote and represent their products well as well as to store and preserve their products according to governmental guidelines. Additionally, the rising geriatric population and increase in requirement for additional medical assistance are expected to propel the growth of the segment in the Global Pharmaceutical Packaging Market.

  • According to World Health Organization (WHO), the proportion of the world’s population over 60 years is expected to nearly double from 12% to 22% between 2015 and 2050. As the geriatric population is more prone to diseases and requires more medical attention is expected to increase the demand for pharmaceutical products.

As per the analysis, the rapid increase in the geriatric population is expected to increase the demand for pharmaceutical drugs as well as packaging which is anticipated to boost the growth of the market.

Global Pharmaceutical Packaging Market5. North America region Dominated the Market with the Majority of the Market Share

North America region holds maximum market share and dominates the industry owing to the rising adoption of advanced and smart packaging for pharmaceutical products, the strong foothold of key players in the region, and strong production capacity for pharmaceutical product packaging. The increasing demand for pharmaceutical products and rising focus on life expectancy is anticipated to augment the growth of the market in the region. Furthermore, manufacturers of pharmaceutical packaging are actively involved in strategic developments such as partnerships, acquisitions, launches, and others, which are further expected to propel the growth of the region in the Pharmaceutical Packaging Market.

  • In May 2020, Sharp, part of UDG Healthcare plc and a global leader in clinical supply services and contract packaging, acquired Quality Packaging Specialists International, LLC, a USA-based pharmaceutical packaging facility. The company aimed to expand its product portfolio and production capacity and offer efficient services by delivering primary and secondary pharmaceutical packaging products namely blistering, vial labeling, serialization service, bottling, and others.

The Research study shows that the increasing demand for convenient, easy-to-use, sustainable pharmaceutical packaging coupled with accelerated development of medical products and vaccines are anticipated to augment the growth of the Pharmaceutical Packaging Market in North America.

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Key Topics Covered in the Report

  • Snapshot of Global Pharmaceutical Packaging Market
  • Industry Value Chain and Ecosystem Analysis of Pharmaceutical Packaging Market
  • Market size and Segmentation of the Global Pharmaceutical Packaging Market
  • Historic Growth of Overall Global Pharmaceutical Packaging Market and Segments
  • Competition Scenario of the Pharmaceutical Packaging Market and Key Developments of Competitors
  • Porter’s 5 Forces Analysis of Global Pharmaceutical Packaging Industry
  • Overview, Product Offerings, and Strategic Developments of Key Competitors
  • COVID-19 Impact on the Overall Global Pharmaceutical Packaging Market
  • Future Market Forecast and Growth Rates of the Global Pharmaceutical Packaging Market and by Segments
  • Market Size of Application/End-User Segments with historical CAGR and Future Forecasts
  • Analysis of Pharmaceutical Packaging Market in Major Regions
  • Major Production / Consumption Hubs in the Major Regions
  • Major Production/Supply and Consumption/Demand Hubs in Each Region
  • Major Country-wise Historic and Future Market Growth Rates of the Total Pharmaceutical Packaging Market and Segments
  • Overview of Notable Emerging Competitor Companies within Each Major Region

Major Companies Profiled in the Report

  • Amcor plc
  • Becton D
  • AptarGroup, Inc.
  • Gerresheimer AG
  • West Pharmaceutical Services, Inc.
  • WestRock Company
  • CCL Industries
  • Berry Global, Inc.
  • Nipro Europe Group Companies
  • Mondi plc

Notable Emerging Companies Mentioned in the Report

  • Bormioli Pharma
  • Keystone Folding Box Co.
  • Klöckner Pentaplast Group
  • Schott AG
  • International Paper
  • Origin Pharma Packaging
  • Lonza Group AG
  • Drug Plastics Group
  • Vetter Pharma International

Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report

  • Pharmaceutical Manufacturers
  • Pharmaceutical Suppliers
  • Retail Pharmacy
  • Institutional Pharmacy
  • Pharmaceutical Packaging Manufacturers
  • Pharmaceutical Packaging Distributors
  • Pharmaceutical Associations
  • Governmental Regulatory Bodies
  • Pharmaceutical Packaging Investors
  • Pharmaceutical Logistics Service Providers
  • Pharmaceutical Packaging Investors
  • Pharmaceutical Packaging R&D Companies

Period Captured in the Report

  • Historical Period: 2017-2021
  • Forecast Period: 2022E-2028F

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

Global Pharmaceutical Packaging Market: Ken Research

Contact Us: -

Ken Research

Ankur Gupta, Head Marketing & Communications

support@kenresearch.com

 +91-9015378249

Stringent Regulations, Excessive use of water and Depletion of quality of water has driven Industrial Waste Water Treatment Market in Indonesia: Ken Research

There are over 100+ EPC companies present in Indonesia with new companies emerging every year and with increased technologies.

Indonesia Waste Water Treatment Potential:  Most of the Waste Water in Indonesia is not treated and is disposed unsafely into the river and pollute them, which cause the rise of millions of diseases every year and then ultimately result in death of thousands of people of Indonesia. On 1% of waste water is properly treated in Indonesia, but the problem is still on the rise, as the growth in industrialization, excessive use of resources and depletion of quality of water.

Promising Government Initiatives: In Indonesia, Government have a new commitment to bring river and lake quality to become class 2 with COD 25 ppm and BOD 3ppm, the current water quality is at class 3 and 4. Clean up of Citarum river study reported that an approximate 280 tons of toxic waste is deposited in Citarum river every day and is rated the world’s dirtiest river.

EPC and O&M contracts: EPC contracts are of much higher value when compared to O&M contracts and may take from few months to years in completion. The average project size of an EPC contract is about USD 5 million and normally a company does around 8 EPC projects annually. Covid-19 led Technological Advancements Operation and maintenance is usually outsourced in many industries where main job is not related to water. Usually, a company overlooks maintenance on their own.

The market of OM is not at a growing phase as at times companies itself maintains its own treatment plant.

Growing Demand for Water Treatment:  Indonesia is the largest producer of palm oil in the world. This industry is water intensive and the growth of this industry will lead to increased demand for treated water. Similar growth is expected in F&B, Textiles and Paper industry. Thus, requirement of treatment plants would also increase at a similar rate.

Analysts at Ken Research in their latest publication Indonesia Industrial Waste Water Treatment Market Outlook 2027F – Driven By Rising Industrialization, Depletion of Resources and Government’s Strong Initiatives in Waste Water Treatment by Ken Research observed that Waste Water Treatment market is an emergent market in Indonesia at a rebounding stage from the economic crisis after pandemic. The rising industrialization and pollution in the rivers, along with the growing awareness and Government initiatives, is expected to contribute to the market growth over the forecast period. The Indonesia Waste Water Treatment Market is expected to grow at a CAGR of 8.9% over the forecasted period 2022-2027F.

indonesia-waste-water-treatment-market

Key Segments Covered:-

Indonesia Waste Water Treatment Market

By Region

Jakarta & Java

Sulawesi

Sumatra

Kalimantan

Maluku

Iranian Java

By Type of Companies:-

EPC

O&M

By Industries:-

Power plants

Paper

Textiles

Palm Oil

F&B

Others

Key Target Audience:-

Waste Water Treatment Service Providers

Water Treatment Equipment Distributors

Water Treatment Equipment Manufacturers

FMCG Companies

Waste Water Treatment Companies

Palm Oil Manufactures

Paper Manufactures

Government Bodies & Regulating Authorities

Time Period Captured in the Report:-

Historical Period: 2017-2022

Base Year: 2022

Forecast Period: 2022– 2027F

Request For Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MDA3

Companies Covered:-

PT Beta Pramesti

Kurita Water Industries

Metito

Envitech Perkasa

PT Padi Hijau Buana

PT Amanaid

PT Eswareco Tama

PT Kohken WaterTech

Biosystem Limited

PT Hydromaster Harmoni Nusantara

PT Lautan Organo Water

PT Harum Tirta Jaya

PT Adika Tirta Daya

PJL Enviro/ Surya Cipta Waste Water

Key Topics Covered in the Report:-

Indonesia Waste Water Overview

Indonesia Industrial Waste Water Market Overview

Ecosystem of Indonesia Industrial Waste Water Market

Business Cycle and Genesis of Indonesia Industrial Waste Water Treatment Markets

Business Model in Indonesia Waste Water Treatment System

Value Chains of Indonesia Waste Water Treatment System

End User Analysis of Indonesia Industrial Waste Water Treatment Market

Industry Analysis of Indonesia Industrial Waste Water Treatment Market

SWOT Analysis of Indonesia Industrial Waste Water Treatment Market

Key Growth Drivers in Industrial Waste Water Treatment Market in Indonesia

Major Challenges and Issues in Indonesia Industrial Waste Water Treatment Market

Competition Framework in Indonesia Industrial Waste Water Treatment Market

Detailed Analysis on Indonesia Industrial Waste Water Treatment Market (Market Size and Segmentation, 2017-2022; Future Market Size and Segmentation, 2022-2027F)

Market Opportunity and Analyst Recommendations

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

Indonesia Industrial Waste Water Treatment Market

Related Reports:-

Vietnam Industrial Water and Waste Water Treatment Market Outlook To 2022 - By Region (North, South And Central) And By Industry (Food Processing, Textile, Chemical, Power, Oil And Gas, Fertilizers And Others)

Malaysia Industrial Water And Waste Water Treatment Market Outlook To 2022 - By Region (North, Kuala Lumpur, South And East, And Sabah And Sarawak) And By Industry (Agriculture And Food, Palm Oil, Oil And Gas, Electronics, And Others)

Philippines Industrial Water And Waste Water Treatment Market Outlook To 2022 - By Region (Luzon, Visayas And Mindanao) And By Industry (Electronics-Semiconductors, Agriculture-Food Processing, Chemicals-Pharmaceuticals-Fertilizers, Power And Others)

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

3 Key Insights on Competitive Landscape in Global Coaxial Cable Market: Ken Research

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Diverse Global Players Dominate the Coaxial Cable Market, Despite the Presence of ~250 Competitors Comprising a Significant Number of Regional and Country Niche Players, finds a recent market study on the Global Coaxial Cable Market by Ken Research

Coaxial cables are electrical transmission lines that deliver higher-level frequency signals from one line to another with minimal signal loss. Coaxial cables come in multiple sizes and lengths, each manufactured for specific uses. The cables have various usages including, phone lines, cable television, internet, cell booster, and others. Some of its major end-user include the cable television industry, military & aerospace, internet service providers, telephone network operators, and communication equipment manufacturers. Ken Research shares 3 key insights on the competitive landscape of this dynamic market from its latest research study.

Global Players Who Comprise 20% in Terms of Number of Competitors Hold Dominant Revenue Share

Competitive Analysis by the research study found that the Global Coaxial Cable market is moderately competitive with ~250 players which include globally diversified players, regional players as well as a significant number of country-niche players having their niche in manufacturing and delivering specific applications of coaxial cables. The large global players even though comprise about 20% in terms of the number of companies, hold a major portion of the market revenue share followed by regional players which account for a significant chunk of the market revenue. Most of the players are having their headquarters in the Europe region.

Worldwide Coaxial Cable MarketMajor Number of Players Deals in Diversified Business in Global Coaxial Cable Market. The Players Offer Product Such as Wires, Cables, Connectors, Assemblies, and Others.

Detailed comparative analysis of key competitors available within the research study reveals that diversified global players have a variety of electric cable products into which few players are highly focused on providing a specific type of coaxial cables as per the analysis done in the study on the global coaxial cable market, which includes, Prysmian Group, CommScope, and Leoni AG. All leading global competitors have a strong presence in the Global Coaxial Cable market and offer comprehensive coaxial cable to all major end-users including the cable television industry, military and aerospace, internet service provider, communication equipment manufacturers, and others. Furthermore, several companies and organizations are aggressively investing in R&D to cater to the demand of end-users.

  • In June 2018, Prysmian Group acquired General Cables. General Cable deals in the manufacturing of wires and cables.
  • In September 2022, Ravicab Cables Private Ltd. announces the acquisition of Leoni Cable Solutions India Private Limited (LCSI), Pune, a fully owned subsidiary of Leoni AG.

Worldwide Coaxial Cable MarketRequest for Sample Report@ https://bit.ly/3T9ybEg

COVID-19 Slackened the Growth of the Coaxial Cable Market. The Market is Projected to Recover Soon With the Ease of Lockdown Restrictions.

COVID-19 has decelerated the growth of cable television and has raised the demand for subscription-based applications such as Netflix, Prime Video, Disney Plus, and others. Furthermore, coaxial cable has nearly 90% coverage nationwide, so as the market is recovering and restrictions are easing down, it is estimated that the coaxial cable market is likely to recover shortly.

Ericsson a Swedish-based networking and telecommunication company, mentioned in its report for mobile subscription outlook, 5G subscriptions grew by 70 million during Q1 2022 to around 620 million. By the end of 2027, 5G subscriptions are expected to reach 4.4 billion. Telecom carriers must connect an antenna to an indoor unit for which they have cable options to choose from, and one of the cables is coaxial. As the use of the internet rises, the need for better and high-quality cable also ascends, which is likely to propel the growth of the coaxial cable market.

Increased Adoption Of Coaxial Cable Globally Leading To Major Industry-Wide Developments, Acquisitions, Collaborations

  • In June 2022, Borealis and Borouge showcase sustainable wire & cable innovations at the Wire 2022. The company is going to introduce a new ADCA-free high-density polyethylene (HDPE) grade for coaxial cables in 2022.
  • In December 2019, as per the International Trade Association (ITA) a U.S. agency that promotes trade and investment, the Indian government rolled out the National Broadband Mission to enhance digital communication infrastructure with an investment of US$100 billion.

Request for Sample Report@ https://bit.ly/3T9ybEg

Key Topics Covered in the Report

  • Snapshot of Global Coaxial Cable Market
  • Industry Value Chain and Ecosystem Analysis
  • Market size and Segmentation of the Global Coaxial Cable Market
  • Historic Growth of the Overall Global Coaxial Cable Market and Segments
  • Competition Scenario of the Market and Key Developments of Competitors
  • Porter’s 5 Forces Analysis of the Global Coaxial Cable Industry
  • Overview, Product Offerings, and Strengths & Weaknesses of Key Competitors
  • Covid-19 Impact on the Overall Global Coaxial Cable Market
  • Future Market Forecast and Growth Rates of the Total Global Coaxial Cable Market and by Segments
  • Market Size of Application / End User Segments with Historical CAGR and Future Forecasts
  • Analysis of the Global Coaxial Cable Market
  • Major Production/Supply and Consumption/Demand Hubs in Each Major Region
  • Major Continent-wise Historic and Future Market Growth Rates of the Total Market and Segments
  • Overview of Notable Emerging Competitor Companies within Each Major Continent

Key Profiled Companies Mentioned in the Report

  • Belden Inc.
  • Prysmian Group
  • Amphenol Corporation
  • CommScope
  • Trigiant Group Limited
  • HUBER+SUHNER
  • Leoni AG
  • Sumitomo Electric Industries, Ltd.
  • TE Connectivity
  • Nexans

Notable Emerging Companies Mentioned in the Report

  • HDG Telecom
  • ZOMWAVE TECHNOLOGY CO., LTD
  • M-core Industries Private Limited
  • STP Global Cables LLC
  • Birikim Kablo
  • Tukom Elektronik
  • COAX-RF ENTERPRISE CO., LTD.

Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report

  • Coaxial Cable Manufacturing Companies
  • Coaxial Cable Distributors and Traders
  • Coaxial Cable Traders
  • Coaxial Cable Material Supplier Companies
  • Potential Investors in Coaxial Cable Companies
  • Cable & Wire Association
  • Electric Cable Association
  • Cable TV Companies
  • CCTV Installation Companies
  • Internet Providers
  • Government Ministries and Departments of Communications Industry
  • Consulting Companies in The Cable & Wire
  • Coaxial Cable Component Providers
  • RG Coaxial Cable Component Manufacturers
  • Government And Research Organizations
  • Investment banks

 Time Period Captured in the Report

  • Historical Period: 2017-2021
  • Forecast Period: 2022-2028F

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

Global Coaxial Cable Market: Ken Research

Contact Us: -

Ken Research

Ankur Gupta, Head Marketing & Communications

support@kenresearch.com

 +91-9015378249

Surging Young and Women Population, Growth of E Commerce and Focus towards Non Oil sectors such as Tourism will have Strong Influence in the Industry: Ken Research

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  • The target market for KSA bags and luggage industry includes people from all income categories and comprises of 33.4 mn domestic population as well as 19.7 mn international tourist arrivals demanding different types of bags such as handbags backpacks and laptop or business bags.
  • Increase in number of expats from 9.7 Million in 2015 to 10.7 Million in 20201. requiring business bags (including Laptop Bags) for their daily activities has positively impacted the bag sales in the Kingdom
  • Despite the ups and downs that the sector had experienced during the COVID-19 pandemic, KSA bags and luggage market will revive due to the pilgrim visits to Mecca and Medina in the coming year along with FIFA 2022 to take place in Qatar which might increase the tourists in KSA as well.

Growth beyond Luggage: Luggage Category is expected to grow @11.8% CAGR in the future period in the KSA market but its share of the overall bags and luggage market is still dwarfed by that of bags with handbags leading the charge with majority revenue share in the overall bags market in 2025F.

Less Popular Formats Gaining Ground: Because consumers are likely to opt for domestic destinations in the next few months along with focus on keeping a healthy lifestyle, a shift in preference towards smaller and convenient bags such as duffles, backpacks, and weekenders would be in demand. The company are also focusing on smaller products that can carry items like hand sanitizer and extra masks which can be folded up into a tiny square when not in use  and other accessories such as iPhones and sunglasses.

Smart Luggage: Technology is the major boosting factor for bags and luggage market largely driven by increasing global tourism coupled with growing trend of integrating luggage with technology. Increase in Internet penetration may lead to adoption of smart luggage in KSA. However, leading manufacturers have yet to officially launch any significant attempts at “smart luggage” in the country.

The report titled Potential Assessment In Saudi Arabia Bags & Luggage Market – Driven by Change in Lifestyle, Increasing Travel and Tourism and Customer Inclination toward High-end Brandsby Ken Research suggested that the bags and luggage market is further expected to grow in the near future owing to Change in demographics, Increase in consumer spending and  Rise in E-commerce industry.  The growth in domestic tourism along with surging young and women population foreseeing handbags as a style statement than its functional aspect has supplemented the market growth. The market is expected to register a positive six year CAGR of 10.1% in terms of revenue during the forecast period 2020-2025F.

saudi-_arabia_bags_and_luggage_market

Key Segments Covered in Saudi Arabia Bags and Luggage Market

By Bags and Luggage

Bags

Luggage

By Type of Bags

Handbags

Backpacks

Business Bags

Wallet

Crossbody Bags

Duffel Bags

Briefcases

Other Bags (Totes, Baguettes, Satchels, Flaps, Hobos, Shopper Bags, Messenger Bags, Clutches and others)

By Type of Luggage

Hard Case

Soft Case

By Hard Case Luggage Capacity

30-50 L

50-90L

>90L

Roling Totes

Others such as Jewellery cases, Business case etc

By Soft  Case Luggage Capacity

30-50 L

50-90L

>90L

Garment Bags

Rolling Totes

Others

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By Price Range of Bags and Luggage

Premium

Economy

Luxury

By Sales Channel of Bags and Luggage

Offline

Online

By Retail Format of Bags and Luggage

EBOs

MBOs

Local Retailers

By Region

Riyadh

Jeddah

Dammam

Al khobar

Mecca and Medina

Others

Key Target Audience

Luggage Manufacturers

Bags Manufacturer

Retailers and Distributors

Time Period Captured in the Report

Historical Period: 2015-2020

Forecast Period: 2020–2025

Key Topics Covered in the Report

Saudi Arabia Luggage and Bags Market Introduction

Saudi Arabia Luggage and Bags Market Size, 2015-2020

Saudi Arabia Luggage and Bags Market Segmentation, 2015-2020

Growth Drivers for KSA Luggage and Bags Market

Understanding the Target Market for Bags & Luggage Industry

Recommended Store Layout & Proposed Business Framework

Landscape of Local Manufacturers, Distributors & Retailers in KSA Bags and Luggage Market

Potential B2B Partnership Strategy (Partnership with Corporate , Schools , CSD and Local Retailers )

Competition Scenario of Bags and Luggage Market in KSA

4Ps and Pricing Analysis in KSA Luggage and Bags Market

Global Practices and Global Case Scenarios that can be Adopted in KSA

Technological Innovations in Bags and Luggage Market

Consumer’s Decision Making Parameters and Buying Behavior in KSA Luggage and Bags Market

Issues and Challenges in KSA Luggage and Bags Market

KSA Luggage and Bags Market Future Outlook and Projections, 2020-2025F

GTM and Market Opportunities for KSA Luggage and Bags Market

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

Saudi Arabia Bags & Luggage Market

Related Reports:-

India Luggage and Bags Market Outlook to 2025- Growth in Outbound & Domestic Tourists Coupled with Inclination Towards Branded Luggage Supporting Market Growth)

Philippines Luggage and Bags Market Outlook to 2023 - By Bags (Handbags, Backpacks, Cross body Bags, Duffel Bags, Wallet Coin Pouches, Business Bags, Other Small Bags), By Luggage (Hard and Soft Case), By Distribution Channel

Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
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Indonesia Agriculture Equipment Market Size and Research 2022, CAGR Status, Growth Analysis by Countries, Development Factors, Business Updates and Strategies till 2025: Ken Research

Indonesia Agriculture Equipment Market Analysis:

The revenue from overall agriculture equipment market decreased at a single-digit CAGR of (~ %) during the review period 2014-2020. Contribution of tractor market to the overall market stood at more than 50.0% in terms of revenue and more than 90% in terms of sales volume during 2020. Combine Harvesters have been the second-largest category to the overall revenues of the agriculture equipment market largely owing to their benefit to speed up harvesting time.

By Product Type (Tractors, Combine Harvesters, Rice Transplanters and Implements): Tractors segment was observed to dominate within Indonesia agriculture equipment market during 2014-2020 period both in terms of sales value and volume. Demand for lower HP tractors is high in Indonesia due to the low disposable income of farmers and high labor cost. Farmers prefer small & customized tractors for agricultural purposes due to small farmland sizes.

Indonesia Tractors Market:

2W tractors are used throughout the country but majority of the demand comes from Java, Sulawesi and South Sumatra. CV. Karya Hidup Sentosa produces hand tractors under the brand QUICK and PT Kubota Indonesia are some of the major brands selling 2W & 4W tractors in Indonesia respectively. Improvement in irrigation & transportation systems in Kalimantan & Sumatra has generated higher concentration of farm machinery in these areas.

Indonesia Combine Harvesters Market:

The benefit of Combine Harvesters to speed up Harvesting Time has driven the demand for this particular agriculture equipment segment. Various government reforms, including the fertilizer subsidy policy and seed development policy were aimed at aiding the revival of displaced farmers. These reforms helped the steady growth in the demand for agricultural machinery even during periods of crisis.

By Regional Demand of Combine Harvesters:

Sulawesi region generated demand for above 70HP combine harvesters owing to higher land holding farm size. Within Java, East and central Java has countered majority of the sales. The Java region is characterized by fragmented land holdings but has the highest land under rice cultivation.

Indonesia Rice Transplanters Market:

Rice transplanters are not popular in retail market as they are capital intensive and require heavy training for operations. Also, decline in rice production during 2019 coupled with reduction in govt. subsidies towards rice transplanters and higher substitute sale of CHs also led to market decline.

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By Regional Demand of Agriculture Tractors:

In Indonesia, majority of the sales for rice transplanters is done by government of Indonesia especially for 4 rows rice transplanters. Manufacturers have realized that small farm holdings by a majority of farmers have resulted in the demand for small machinery, due to which they only sell 4 row rice transplanters in Indonesia. Higher income from farm operations (Rice farming) in Kalimantan & Sulawesi had resulted in these regions to support sales. Java has managed to report highest sales for rice transplanters in Indonesia, with West, East & central Java to contribute majority of the sales

Indonesia Implements Market:

Implements market in terms of revenue showcased positive growth along with a positive CAGR of ~% during the review period 2014-2020. Demand for tractor implements is complimentary to the sale of 2W & 4W tractors since majority of farmers procure implements along with tractors. Java and Sumatra have the highest sales for 2 wheel tractors, which have implied majority of the total sales in Indonesia for tractor implements. They have above average farm holding size leading to the need for higher levels of mechanization

By Product Type:

Rotavator & ploughs are the most preferred and demanded tractor implement as they help in seedbed preparation and ploughing of land. Tractor implements including harrows, tractor powered sprayers and land levelers are mainly demanded in Kalimantan and Sumatra

Comparative Landscape in Indonesia Agriculture Equipment Market:

Competition within the Indonesia agriculture equipment market was observed to be moderately fragmented with the dominance of International brands such as Yanmar, Kubota and other local manufacturers. Quick dominated the 2W tractor segment and Kubota took lead in terms of sales volume for 4W tractor segment during 2020. For combine harvesters segment, Yanmar and Kubota collectively dominated with over 70% sales volume during 2020 in Indonesia. PT Yanmar also showcased dominance towards rice transplanter segment in 2020. These companies compete on the basis of parameters such as price, products offered, number of tractor variants, distribution network, and after sales service.

Indonesia Agriculture Equipment Market Future Outlook and Projections:

Mechanization rate for land preparation is higher in Indonesia and it is forecasted to get mechanized further as the farmers are likely to increase the usage of disc plough on the farms. Also, the Indonesian government plans to boost national production of local agricultural machinery & has prepared a budget worth $538 Mn for machinery development.

Key Factors Considered in the Report:

·         Comprehensive analysis of Indonesia Agriculture Equipment Market

·         Agriculture Machinery Distributors in Indonesia

·         Major Agriculture Equipment Manufacturers and their plans and strategies.

·         Identified major trends and developments in the market and assessed the future growth of the market.

·         Additional Focus on Second Hand Market, Rental Market and Financing for Agriculture Equipment

·         COVID-19 Impact on Indonesia Agriculture Equipment Market

·         Analyst Recommendations

Related Reports

Thailand Agricultural Machinery Market Outlook to 2025 – Agriculture Tractor Market (By Type: 2W and 4W Tractors, By Power: 8HP-15HP, 20HP-35HP, 36HP-47HP, 48HP-75HP, 75HP-100HP, 100HP-120HP and Above 120HP), Combine Harvester Market (By Power: 70HP & Below, 75HP-105HP and Above 105HP), By Rice Transplanters (By Rows: 4Row, 6Row and 8Row), Agriculture Implements Market

US Tractor and Combine Harvesters Market Outlook to 2024 – By Tractor Type (2WD and 4WD), By Tractor HP (<40 HP, 40-100 HP and >100 HP) and By Combine Harvester HP (Upto 250 HP, 250-350 HP and Above 350 HP)

Philippines Agricultural Equipment Market Outlook to 2023- By Product Type (Tractors, Combine Harvesters, Planters, Seeders and Tillage Equipments and Tillage Equipment), By Tractor Segment (Up to 60 Hp, Between 61-130 Hp and above 130 Hp), By Production (Imported and Domestically Manufactured) and By Region (Luzon, Visayas and Mindanao)

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3 Key Insights on Competitive Landscape in the Global Wax Market: Ken Research

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Global Players Dominate the Market Holding ~40% Share Despite the Presence of about ~350 Competitors Comprising a Large Number of Country-Niche Players and Global Players, finds a recent market study on the Global Wax Market.

Wax is a broad category of organic compounds that are lipophilic and bendable solids at room temperature that tend to melt at a higher temperature. It includes lipids and higher alkanes that are insoluble in water but soluble in nonpolar, organic solvents.  Wax is generally derived from petroleum and bio-based resources which are extracted from crude oil refining. These materials include base oil, natural gas, compounds like polyethylene, plants, and the skin of animals. Wax has applications across paints, bundling, hardware, electrical, ink and coatings, elastic, pharmaceuticals, and beautifying agents.

Ken Research shares 3 key insights on the competitive landscape of this dynamic market from its latest research study.

Global Players Constitute ~10% of the Total Number of Competitors, While Country Niche Players Dominate Representing ~65% of Total Competitors.

A comprehensive competitive analysis conducted during The Research Study found that the Global Wax Market is highly competitive with ~350 players, including globally diversified players, regional players, and a large number of country-niche players with their niche in advancement in wax solutions for multiple end-user industries like candle manufacturer, cosmetics and pharmaceutical manufacturers. The majority of the global wax solution companies, including Sasol Ltd., HollyFrontier Corporation, Royal Dutch PLC, Mitsui Chemicals Inc., and Sinopec Corporation., maintained their leading positions in the forecast period.

The majority of the country’s players offer end-to-end solutions to the customer and industries to refining, manufacture cosmetics, pharmaceutical, and polishing. Country Niche players seeking to grow and diversify quickly.

Global Wax Market

Acquisition and Strategic Investments Drive the Major Players in Formulating their Key Strategy

Detailed comparative analysis of key competitors available within The Research Study shows that numerous specialist companies such as Sasol Ltd., HollyFrontier, and Royal Dutch PLC more are highly focused on providing a significant number of wax solutions and advanced techniques that can be used across end-user industries. In addition, numerous companies and organizations are aggressively investing in advanced technology, and mergers and acquisitions to have a strong foothold in the market.

  • In November 2021, HollyFrontier acquired Puget Sound Refinery for approx. US$ 600 million. With this acquisition, the company is expecting to enhance its business, particularly in the Pacific Northwestern region.
  • In July 2022, Royal Dutch PLC USA and Midstream Partners L.P. both agreed to a acquisition to acquire all of the common units representing limited partner interests. Midstream Partner assets include crude oil and refined product pipelines.

Global Wax Market

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Increasing Government Regulation, and Investments propelling the growth of Wax Market

  • According to the European Union, the importing and manufacturing of candles requires various safety standards, labeling, and documentation. It also describes the test methods for fire safety of indoor candles. The European Union also states the documentation of the product stating that the manufacturers and importers is required to keep records demonstrating the compliance of the products in order for the authorities to hold accountability on the relevant parties and avoid potential risks.
  • In India CSIR-IIP and EIL fine-tuned the technology based on Numaligarh Refinery Limited (NRL) incorporated several technological advances such as application of ‘Pinch Analysis’ in the Solvent Recovery Section, substantially reduced capital costs and made the process more energy-efficient. The NRL wax plant is designed to produce 45,000 MTPA of ‘Paraffin Wax’ and 4,500 MTPA of ‘Microcrystalline Wax’. This is likely to boost the production of the NRL plant.

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

Global Wax Industry: Ken Research

Related Report

5 Key Insights on US$ 15 Bn Opportunity in Global Wax Market: Ken Research

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5 Key Insights on the US$ 50 Billion Opportunity in Global Coaxial Cable Market: Ken Research

Driven by the Rising Telecommunication and IT industry, and Significant Growth in Internet Usage. The Global Coaxial Cable is forecasted at approximately US$ 50 Bn by 2028 says Ken Research Study

Coaxial cables are electrical transmission lines that deliver higher-level frequency signals from one line to another with minimal signal loss. There are four main parts of a coaxial cable, at its core, it consists of a single copper or copper-coated steel, followed by a dielectric insulator, metal shield, and rubber wrapper. The coaxial cable finds its application in internet data transfer, video distribution, and radio frequency transfer.

According to Ken Research estimates, the Global Coaxial Cable Market – which grew from approximately US$ 25 Billion in 2017 to approximately US$ 35 billion in 2022 – is forecasted to grow further into approximately US$ 50 Billion opportunities by 2028.  Ken Research shares 5 key insights on this high-opportunity market from its latest research study.

  1. Advancement in Information and Technology Sector (ICT) In Asia Pacific Region and Other Developing Regions, Is Likely to Propel the Growth of the Market.

The coaxial cable Market is expected to witness significant growth during the forecast period, due to the surging telecom and IT sector. The National Association of Software and Service Companies (NASSCOM), a non-profit industry association, stated that India’s technology industry recorded its highest-ever rate of growth by reaching US$ 227 billion in revenue in 2021, from US$ 200 billion in 2020.

According to English.Gov.CN, an English-language electronic communication platform of the state council of the People’s Republic of China, the combined business revenue in the telecom sector rose 8% year-on-year to US$ 232.43 billion in 2021, with a growth rate up 4.1% from 2020.

Coaxial cable is used to convey data, video, radio frequency signals, and voice communication signals. The growth of the ICT sector will help the coaxial cable market to nurture during the forecast period.

Global Coaxial Cable Market2. Increasing Data Usage is Propelling the Global Coaxial Cable Market Growth.

The rise in usage of smartphones, tablets, and other devices is raising the demand for the internet and is likely to propel the growth of coaxial cable market as it is used to transmit high-speed signals. In addition, the growing demand for higher data connections such as 4G and 5G across the world is also fuelling the growth of the global coaxial cable market.

Ericsson a Swedish based networking and telecommunication company, mentioned in its report for mobile subscription outlook, by the end of 2027, 5G subscriptions globally are forecasted to reach 4.4 billion, accounting for 48% of all mobile subscriptions. Telecom carriers must connect an antenna to an indoor unit for which they have cable options to choose from, and one of the cables is coaxial. As the growth of telecom rises, the need for better and more efficient cable also arises, which will drive the growth of the coaxial cable market.

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3.      Declining Cable Television Subscription is Restraining the Growth of the Global Coaxial Cable Market.

Cable television is the largest end-user of the coaxial cable market. But the diminishing subscription number of cable television worldwide, as the cost of subscription is higher as compared with online streaming platforms, is going to hamper the growth of the global coaxial cable market. Over-the-top (OTT) is an online subscription-based platform that provides films and related content at the demand of the individual consumer, gaining momentum during and after the COVID-19 pandemic.

As per the Telecom Regulatory Authority of India (TRAI), a telecommunication sector regulatory body stated in a report, direct to home (DTH) net active subscriber base has reduced from 70.26 in 2020 to 66.92 million in 2022.

Global Coaxial Cable Market4.      RG Cables Held the Largest Share in the Global Coaxial Cable Market

RG cables are a common type of coaxial cable installed in multiple commercial and residential places. RG cables are used more often for distributing broadband internet and cable television signals. RG cables come in numerous sizes such as RG6, RG11, RG59, and others.

Multiple companies offer coaxial cables under a single RG-type segment such as Nexans, Huber+Suhner, Belden Inc., and Commscope.

Times Microwave Systems, an Amphenol Company, in October 2021, introduced TMQ4 and TMQ5 bundled cable assemblies for 5G. These new solutions combine industry-standard four and five-conductor MQ4 and MQ5 connectors with Times Microwave’s high-end coaxial cables.

  1. Global Coaxial Cable MarketAsia Pacific Accounts for the Largest Share of the Global Coaxial Cable Market.

Asia Pacific is expected to be the largest region among others during the forecast period. This is because of the surge in the mobile telecommunication network, and the decrease in the cost of installment of coaxial cables. Invest India, the national investment promotion and facilitation agency reported that the telecom industry in India is the second largest in the world with a subscriber base of 1.17 billion as of July 2022 (wireless and wireline subscribers).

According to the International Trade Association (ITA), a U.S. agency that promotes trade and investment, as stated in 2020, over the next five years, the four Japanese carriers including NTT Docomo, KDDI au, Softbank, and Rakuten Mobile, will spend more than US$14 billion combined in capital expenditure to build out their 5G networks. In 2019, U.S. suppliers exported more than $720 million in telecom equipment to Japan.

Cisco, an American-based multinational technology company, according to its annual internet report, 2018-2023, Asia Pacific internet users as a percentage of the regional population are forecasted to grow by 20%, which is highest among other regions.

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Key Topics Covered in the Report

  • Snapshot of Global Coaxial Cable Market
  • Industry Value Chain and Ecosystem Analysis
  • Market size and Segmentation of the Global Coaxial Cable Market
  • Historic Growth of the Overall Global Coaxial Cable Market and Segments
  • Competition Scenario of the Market and Key Developments of Competitors
  • Porter’s 5 Forces Analysis of the Global Coaxial Cable Industry
  • Overview, Product Offerings, and Strengths & Weaknesses of Key Competitors
  • Covid-19 Impact on the Overall Global Coaxial Cable Market
  • Future Market Forecast and Growth Rates of the Total Global Coaxial Cable Market and by Segments
  • Market Size of Application / End User Segments with Historical CAGR and Future Forecasts
  • Analysis of the Global Coaxial Cable Market
  • Major Production/Supply and Consumption/Demand Hubs in Each Major Region
  • Major Continent-wise Historic and Future Market Growth Rates of the Total Market and Segments
  • Overview of Notable Emerging Competitor Companies within Each Major Continent

Key Profiled Companies Mentioned in the Report

  • Belden Inc.
  • Prysmian Group
  • Amphenol Corporation
  • CommScope
  • Trigiant Group Limited
  • HUBER+SUHNER
  • Leoni AG
  • Sumitomo Electric Industries, Ltd.
  • TE Connectivity
  • Nexans

Notable Emerging Companies Mentioned in the Report

  • HDG Telecom
  • ZOMWAVE TECHNOLOGY CO., LTD
  • M-core Industries Private Limited
  • STP Global Cables LLC
  • Birikim Kablo
  • Tukom Elektronik
  • COAX-RF ENTERPRISE CO., LTD.

Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report

  • Coaxial Cable Manufacturing Companies
  • Coaxial Cable Distributors and Traders
  • Coaxial Cable Traders
  • Coaxial Cable Material Supplier Companies
  • Potential Investors in Coaxial Cable Companies
  • Cable & Wire Association
  • Electric Cable Association
  • Cable TV Companies
  • CCTV Installation Companies
  • Internet Providers
  • Government Ministries and Departments of Communications Industry
  • Consulting Companies in The Cable & Wire
  • Coaxial Cable Component Providers
  • RG Coaxial Cable Component Manufacturers
  • Government And Research Organizations
  • Investment banks

 Time Period Captured in the Report

  • Historical Period: 2017-2021
  • Forecast Period: 2022-2028F

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

Global Coaxial Cable Market Size

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Ankur Gupta, Head Marketing & Communications

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5 Key Insights on US$ 15 Bn Opportunity in Global Wax Market

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Driven by Superior Properties like High Gloss, Water Repellant, and Chemical Resistance, the Global Wax Market is forecasted to Cross US$ 14 Bn by 2028 says Ken Research Study.

Wax is a broad category of organic compounds that are lipophilic and bendable solids at room temperature that tend to melt at a higher temperature. It includes lipids and higher alkanes that are insoluble in water but soluble in nonpolar, organic solvents.  Wax is generally derived from petroleum and bio-based resources which are extracted from crude oil refining. These materials include base oil, natural gas, compounds like polyethylene, plants, and the skin of animals. Wax has applications across paints, bundling, hardware, electrical, ink and coatings, elastic, pharmaceuticals, and beautifying agents.

 “Ken Research shares 5 key insights on this ~US$ 15 billion market from its latest research study”

1.   Wax Market Has Seen Stable Growth After an Increase in Investments and Collaboration

The Global Wax Market is expected to witness stable growth during the forecast period, owing to its superior properties like high gloss, which acts as a good repellant against water and chemical resistance. The Global Wax Market was valued at US$ 8 billion in 2017, It is estimated to be US$ 10 billion in 2022 and is expected to reach a market size of US$ 14 billion by 2028 growing with a CAGR of 5%.  Asia Pacific is the dominating region in the Global Wax Market, owing to the rising living standards and increasing industrialization.

Global Wax Market

2.   The Increased Demand for Wax by Cosmetic and Pharmaceutical End-user Industries are Major Growth Driver for the Global Wax Market.

  • The increase in demand for wax from the candle and packaging industry along with the growth in the personal care industry is the major factor driving the market growth of the Wax Market. The increasing demand for bio-based wax owing to the consumer’s concern about the adverse effect of chemical products.
  • In July 2021, Charlotte Tilbury launched a lip scrub consisting of natural products like shea butter and beeswax to buff away dead skin cells. It is meeting the demand for natural wax, recently in demand by consumers.
  • According to European Candle Manufacturer Association, the consumption of candles in the European Union increased from 622 tons in 2015 to 806 tons in 2021, witnessing a CAGR of ~5%.

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Global Wax Market

3.   USA-China Trade War Conflicts is Key Restraining Factor for Market Growth

The USA-China trade war is a major challenge for the Wax Market. The USA government has imposed regulatory rules to support the domestic and paraffin wax and candle business in the country.

The USA government has imposed 108.3% anti-dumping duties on Chinese candle products to help in the growth of the domestic paraffin wax and candle industry, impacting the wax business across the globe.

4.   The Candle Segment is Likely to Hold a Significant Market Share During the Forecast Period

The Wax Market is anticipated to be dominated by the candle segment. The increased usage of candles by therapists to create a peaceful environment in the therapy room, lighting candles in prayers and meditation, etc. are some of the significant factors driving the growth of the candle segment. For instance, in March 2021, Yankee Candle, the launch of the third annual Scent of the year, Discovery, is likely to bring together a combination of fragrances and ignite the feeling of energy, connection, and desire to embrace new experiences. These initiatives like product launches taken by industry players is likely to boom the growth of the candle segment, hence providing an opportunity for the wax market to grow.

Global Wax Market

5.   Asia Pacific is the Largest Market for Wax Owing to the Rising Standard of Living and Increasing Industrialization

Asia Pacific is expected to dominate the Global Wax Market during the forecast period. The growth is primarily due to the rising living standards and increasing industrialization, specifically in countries like China and India. The low labor, raw material, and operational costs is also a major factor propelling the growth in the Asia Pacific region.

China is one of the largest producers, consumers, and importers of beeswax in the world, and India is one of the largest producers of beeswax in the world. The region’s usage of cosmetic and personal care goods is expanding owing to the result of increased attention on personal appearance, and an aging population. China is the largest adhesive consumption market in the region in terms of both production and consumption. The increasing consumption of adhesives in industries, such as furniture, construction, etc., further fuels the growth of the wax market in the region.

In March 2021, Calumet Specialty Products Partners acquired Paralogics, LLC, a manufacturer of candle and industrial wax mixtures, and Calumet Specialty Products Partners now has a blending and formulating capacity of 20 million pounds/year.

Global Wax Market

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

Global Wax Market: Ken Research

Related Report

Global Paste Wax Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025

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