Global Nanomaterials Market Outlook, and Revenue Forecast 2022-2028: Ken Research

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Market Overview

Nanomaterials are materials that have at least one external dimension that lies between 1-100 nanometers or internal structures that measure 100 nanometers or less. These can occur naturally or be formed by combustion reactions through nanotechnology to be used for a particular purpose. These can be in the form of fibers, particles, tubes, or rods. The properties of the bulk form of nanomaterials can be different from that of the individual nanomaterials that are used to form them. Due to their properties such as electrical conductivity, hardness, elasticity, high strength, and chemical resistance, the application of nanomaterials is on the rise in the healthcare, automotive, electronics, and chemicals industries among others.

According to Ken Research Analysis, the Global Nanomaterials Market is expected to record a positive CAGR of ~12% during the forecast period (2022-2028) and is expected to reach approximately US$ 20 Billion by 2028.

The increasing demand for nanomaterials in the healthcare and electronics sectors among other end industries is helping the market grow.

• Increasing research & development by companies to bring innovative products to the market, the superior physical & chemical properties of these materials, and increasing investment by the governments are helping the market growth.

There are concerns about the environmental impact and toxicity of engineered nanomaterials. In addition to this, there is also skepticism about the health hazards of such materials on the people who are exposed to them. These factors act as constraints to the growth of the market.

• Stringent government norms and regulations regarding the usage of such materials and the high processing costs also act as hindrances to the growth of the market.

The COVID-19 outbreak had a negative impact on the demand for Nanomaterials as manufacturing activities came to a standstill due to the imposition of the lockdowns. As raw materials could not be made available hence the demand for the products suffered during the initial phase of the pandemic. However, as research and development activities increased to evaluate the effectiveness of the nanomaterials in the detection and treatment of COVID-19 helped the market recovered later.

Scope of the Report

The Nanomaterials Market is segmented by product, structure, and end-user. In addition, the report also covers market size and forecasts for the four major regions’ Nanomaterials Market. The revenue used to size and forecast the market for each segment is US$ billion.

The increasing demand for nanomaterials in the healthcare and electronics sectors among other end industries is helping the market grow.

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Increasing research & development by companies to bring innovative products to the market, the superior physical & chemical properties of these materials, and increasing investment by the governments are helping the market growth.

There are concerns about the environmental impact and toxicity of engineered nanomaterials. In addition to this, there is also skepticism about the health hazards of such materials on the people who are exposed to them. These factors act as constraints to the growth of the market.

• Stringent government norms and regulations regarding the usage of such materials and the high processing costs also act as hindrances to the growth of the market.

The COVID-19 outbreak had a negative impact on the demand for Nanomaterials as manufacturing activities came to a standstill due to the imposition of the lockdowns. As raw materials could not be made available hence the demand for the products suffered during the initial phase of the pandemic. However, as research and development activities increased to evaluate the effectiveness of the nanomaterials in the detection and treatment of COVID-19 helped the market recovered later.

Scope of the Report

The Nanomaterials Market is segmented by product, structure, and end-user. In addition, the report also covers market size and forecasts for the four major regions’ Nanomaterials Market. The revenue used to size and forecast the market for each segment is US$ billion.

By Structure: The Non-polymeric Organic Nanomaterials segment held the larger share of the Global Nanomaterials Market in 2021.

• The non-polymeric organic nanomaterials exhibit superior physical and chemical properties such as optical clarity, chemical resistance, surface appearance, flame retardancy, and dimensional stability.
• Due to the above-mentioned properties, these nanomaterials make durable, lighter, and stronger materials and that is why there is an increased demand for them in end-user industries such as energy, electronics, healthcare, and automotive which is helping this segment dominate the market.

By End-user: The Healthcare segment held the larger share of the Global Nanomaterials Industry in 2021.

• The growing use of nanomaterials for diverse applications such as targeted drug delivery, cell repair & detection, and imaging is helping this segment dominate the market.
• In addition to this, the nanomaterials are used for other areas in medical and healthcare fields such as nano diagnostics, nano biosensors, and nacrobots for surgery which help the segment dominate the market.

By Geography: Asia Pacific accounted for the largest market share in 2021 within the total global Nanomaterials market.

• The Asia-Pacific region dominated the Nanomaterials market due to the growing need for specialty materials and the high use of nanomaterials in various end-user industries such as textiles, defense, automotive, medical equipment, healthcare, and electronics in this region.
• The ongoing research and development activities, as well as high investments in this region especially in countries such as China and Japan to develop nanomaterials by the organizations and with the backing of the governments, are helping the segment dominate the market.

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Competitive Landscape

• The Global Nanomaterials Market is highly competitive with ~500 players which include globally diversified players, regional players as well as a large number of country-niche players.
• Approximately, the large global players constitute 5%, the regional players 35%, and country-niche players 60% of the market by type of companies operating in the market. Some of the major players in the market include Arkema, Strem, BASF SE, American Elements, Evonik AG, US Research Nanomaterials, Inc., nanoComposix, Frontier Carbon Corporation, Quantum Materials Corp., Cytodiagnostics Inc., Cabot Corporation among others.

Recent Developments Related to Major and Emerging Companies

• In April 2021, nanoComposix and Pró-Análise, a Brazilian company that distributed laboratory products and had a strong presence in South, Southeast & Northeast regions of the country, signed an agreement to offer wider distribution of the nanoparticle products of nanoComposix throughout Brazil.
• In April 2021, Evonik enhanced its nanoparticles production capabilities at the Geesthacht facility by completing a new multi-purpose reactor. The new plant would meet the demand for its acrylate resins filled with nanoparticles that has applications such as artificial teeth and component filling for dentistry specialties.
• In May 2022, BASF entered into an agreement with Nano One for lithium-ion battery materials. Under the agreement, both companies wanted to bring together BASF’s HEDTM-family of advanced Cathode Active Material technology and Nano One’s One-Pot process which is its coated nanocrystal materials to produce lithium-ion battery cathode active materials with lesser by-products.

Conclusion

The Global Nanomaterials Market is forecasted to continue a strong growth that is witnessed during the forecast period. Key trends driving market expansion include the increasing demand for nanomaterials in the healthcare and electronics sectors among other end industries, growing investments in research & development by companies to bring innovative products to the market, the superior physical & chemical properties of these materials, and increasing investment by the governments. The market is highly competitive with ~500 participants concentrating on expansion strategies through product innovations as well as acquisitions, partnerships, and mergers.

For more insights on the market intelligence, refer to the link below:-

Global Players in Nanomaterials Industry

Global Protein Supplement Market expected to reach a market size of ~US$ 30 billion by 2028: Ken Research

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Protein is a macronutrient that the human body needs to repair tissue, develop muscle, and produce enzymes and hormones. It is one of the components that make up skin, muscle, and bone. In addition to being present in a wide range of specially made drinks, bars, and powders, protein can also be found in foods including dairy, eggs, red meat, chicken, fish, nuts, tofu, and legumes. In addition, protein supplements can be beneficial as a component of their overall dietary strategy. Bodybuilders and sports athletes frequently utilize protein supplements as a form of nutritional and bodybuilding supplement to enhance their protein intake without simultaneously increasing their intake of carbohydrates and fats. When taken directly, these supplements have a higher protein content than other protein sources.

According to Ken Research Analysis, the Global Protein Supplement Market was valued at ~US$ 15 billion in 2017. It is estimated to be ~US$ 20 billion by 2022 and is expected to reach a market size of ~US$ 30 billion by 2028 growing at a CAGR of ~7% during the forecast period (2022-2028). Due to changing lifestyles, there will be an increased reliance on supplements to meet daily nutritional needs, which will increase the demand for protein supplements.

• Youth’s demand for protein supplements is rising, especially among athletes because they offer several advantages like decreasing cholesterol, developing muscle, boosting strength, preventing cancer, boosting immunity, and lowering blood pressure.
• Due to growing health consciousness among consumers worldwide during the past few years, consumption of a diet high in protein content has increased dramatically. Furthermore, the growing use of dietary supplements is directly influenced by the aging population as well as the rise in lifestyle-related illnesses like diabetes and obesity.
• The market for protein supplements is expected to experience some growth restraints due to the prevalence of less expensive alternatives and various detrimental effects of protein enhancement. Additionally, during the forecast period, negative claims and publicity may pose a threat to the market's expansion.
• In response to the COVID-19 pandemic, customer preferences for nutritional supplements to promote immunity are predicted to increase due to these products' strong efficiency against viral infections and acute respiratory tract disorders, which is expected to drive market demand. Additionally, the rapid spread of COVID-19 has raised consumer worries about health and well-being as a preventative measure against disease, which may support the market trends for protein supplements in the wake of the coronavirus outbreak.

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Key Trends by Market Segment

By Source: Animal-based segment held the largest market share in 2021, due to convincing scientific proof of the health advantages they provide. For instance, whey proteins improve nutritional status, immunity, and aid cancer patients receiving chemotherapy by raising glutathione (GSH) levels.

The category includes casein, whey, egg, chicken, beef, dairy, and meat proteins. Animal proteins are typically thought to be complete proteins since they include all of the required amino acids.

By Product: The protein powder segment held the largest market share in 2021. The demand for nutritious food products has increased as a result of changing lifestyles, growing urbanization, and changed dietary choices of consumers, and is likely to drive the market growth of protein powder.

• Whey, casein, soy, pea, and egg proteins are just a few of the sources used in the production of the powders. Protein powders are packed with vital micronutrients, including vitamins, minerals, grains, fibers, extra fats, and/or thickeners, as well as greens (like dried veggies).
• Protein Powder aid in constructing and toning muscles, producing hormones and enzymes, losing weight, and healing bodily tissues. Additionally, it is projected that the growing demand for these powders from bodybuilders, professional athletes, and recreational exercisers would accelerate the expansion of the protein powder market.

By Distribution Channel: Supermarket & hypermarket segment held the largest market share in 2021 since it is convenient to shop and a variety of brands are available.

• Supermarkets and hypermarkets provide a vast range of products at lower costs. The expansion of supermarkets and hypermarkets in both developing and developed nations as a result of rising consumer demand is anticipated to boost product sales.
• To encourage the sale of protein goods, major USA retailers like Walmart are entering this market and investing in private label variations.

By Application: Sports nutrition segment held the largest market share in 2021, owing to their widespread use as nutritional supplements by athletes, sportspeople, and bodybuilders.

• Rising demand for nutritional supplements for athletes to support lean muscle growth, enhance performance, help with weight loss, and increase stamina is anticipated to fuel the expansion of the sports nutrition market over the coming years.
• The rise in the number of people participating in sports and other physical activities to combat obesity is probably going to boost market expansion.

By Geography: North America held the largest market share in 2021, due to high customer awareness of health and wellbeing, as well as knowledge of the benefits of the products.

• Major distribution channel segments in the North American market include functional foods and sports nutrition. This might be due to consumers' growing interest in fitness in the USA, Canada, and Mexico, which is anticipated to increase demand for functional foods and drinks.
• Additionally, the rising popularity of protein bars, shakes, and cookies among millennials as a healthy snacking choice is anticipated to significantly increase demand for protein supplements in North America over the forecasted period.

Competitive Landscape

The Global Protein Supplement Market is highly competitive with ~250 players which include globally diversified players, regional players, and country-niche players with their niche in the protein supplement.

County-niche players constitute ~45% of the competitors, while the regional players are the second largest by type. Some of the major players in the market include Glanbia PLC, Abbott., NOW® Foods, MusclePharm, QuestNutrition, CytoSport, Inc., Iovate Health Sciences International Inc., The Bountiful Company, AMCO Proteins, Transparent Labs, among others. 

Recent Developments Related to Major Players

• In July 2022, Optimum Nutrition, a division of Glanbia PLC, has begun production in India. The brand, which had previously only been made in the USA and the UK for international distribution, now has a third manufacturing facility in India.
• In April 2021, Nestlé increases its health and nutrition portfolio by acquiring The Bountiful Company's primary brands.
• In March 2019, Quest Nutrition signed distribution agreements with Sam's Club and BJ's Wholesale to sell its products in traditional grocery shops, convenience stores, and specialist supplement stores.

Key Topics Covered in the Report

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

Major Players Mentioned in the Report

• Glanbia PLC
• NOW® Foods
• QuestNutrition
• CytoSport, Inc.
• Lovate Health Sciences International Inc.
• The Bountiful Company
• AMCO Proteins
• Transparent Labs

Notable Emerging Companies Mentioned in the Report

• Woodbolt Distribution Llc
• Dymatize Enterprises Llc
• RSP Nutrition
• BPI Sports
• The Hut.com Limited and MSM Retail Pvt Ltd.

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

• Protein Supplement Companies
• R&D Institutes for Protein Supplement Development
• Protein Supplement Manufacturers
• Protein Supplement Suppliers
• Protein Supplement Raw Material Provider
• Investment Banks Targeting Supplement Market
• Caffeine Producers
• Food Safety Authorities
• F&B Marketing and Advertising Agencies
• Dietary Supplement Manufacturers
• F&B Research Institutes
• Entrepreneurs in Food Industry
• Potential Entrants into Food Industry
• Government Departments for Food Standards
• Government Ministries and Departments for Food Industry

For more insights on the market intelligence, refer to the link below: –

Global Protein Supplement Market Size, Segments, Outlook, and Revenue Forecast 2022-2028: Ken Research

Global Silicon Metal Market Expected to Reach Market Size of US$ 8 billion by 2028: Ken Research

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Silicon metal is a lustrous and grey semi-conductive metal and is widely used to manufacture solar cells, microchips, steel, and others. It acts as a base material for different products and hence has an important role in the consumer and industrial sector. The silicon metal manufacturing process is highly energy intensive and it can be manufactured by smelting immersed electric arc furnaces.

According to Ken Research Analysis, the Global Silicon Metal Market is expected to record a positive CAGR of ~5% during the forecast period (2022-2028) and is expected to reach nearly US$ 8 billion by 2028, owing to increasing demand for silicon metal in various industries such as automobiles, solar, battery materials, refractory materials, and others.

Growing demand for silicon in the automotive industry along with increasing penetration of electric vehicles globally are anticipated to propel the growth of the global silicon metal market during the forecast period.

• The increased use of silicon or aluminum-silicon alloys in the production of automobiles due to their properties such as corrosion resistance, low thermal expansion, low wear rates, and others is likely to propel the growth of the global silicon metal market.

The global silicon metal market faces challenges due to the shortage of metals like silicon.

• The supply shortage of silicon metals due to their high usage in the production of semiconductor materials along with the high prices of semiconductors is also expected to restrict the growth of the market.

The COVID-19 pandemic negatively impacted the silicon metal market due to disruption in the supply chain, shortage of workers for the mining industry, shortage of raw materials, and others. In addition, the abrupt shutdown of operations has impacted economic growth, and thus, changed the pattern of consumer spending patterns.

Key Trends by Market Segment:

By Product Type: The metallurgy grade segment held the largest share of the global silicon metal market by product type in 2021, owing to the growing demand for high-purity metals for the production of steel and cast iron.

• The expansion of the solar and semiconductor industry along with the increase in innovative technologies to lower cost production and surging demand for renewable sources of energy globally is expected to fuel the demand for the segment in the global silicon metal market.

By Application: The aluminum alloys segment accounted for the largest share of the global silicon metal market in 2021, attributed to the growing demand for silicon metals for the production of automotive aluminum alloy.

• The increase in government initiatives and favorable policies for the electric vehicle and rising demand for aluminum alloy to produce lightweight vehicles, is anticipated to aid to the growth of the segment in the global silicon metal market.

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By Geography: Asia-Pacific region accounted for the largest share of the global silicon metal market in 2021, due to the presence of a large production base of silicon and aluminum.

Growing consumption of silicon metal in the automotive industry coupled with the increasing number of initiatives taken by the governmental body to accelerate the solar industry, is expected to augment the growth of the region in the silicon metal market.

Competitive Landscape

The silicon metal market is highly competitive with ~300 players that include globally diversified players, regional players as well as a large number of country-niche players having their niche in silicon metal.

Regional players comprise ~55% of the total number of competitors, while the country-niche players comprise the second highest of the total number of competitors. Some of the major players in the market include Ferroglobe, Dow, Elkem ASA, RIMA INDUSTRIAL, RusAL, LIASA, Hoshine Silicon Industry Co., Ltd., Zhejiang kaihua yuantong silicon industry co. LTD, Anyang Wanhua Metal Material Co. Ltd., and Shin-Etsu Chemical Co., Ltd., among others.

The leading global silicon metal companies such as Ferroglobe, Dow, and Elkem ASA are highly focused on expanding their business and production capacity of silicon metal to meet the demand of end-users.

Key Topics Covered in the Report

Snapshot of the Global Silicon Metal Market

Industry Value Chain and Ecosystem Analysis of the Silicon Metal Market

Market size and Segmentation of the Global Silicon Metal Market

Historic Growth of the Overall Global Silicon Metal Market and Segments

Competition Scenario of the Silicon Metal Market and Key Developments of Competitors

Porter’s 5 Forces Analysis of the Global Silicon Metal Industry

Overview, Product Offerings, and Strategic Developments of Key Competitors

COVID-19 Impact on the Overall Global Silicon Metal Market

Future Market Forecast and Growth Rates of the Global Silicon Metal Market and by Segments

Market Size of Application/End-User Segments with historical CAGR and Future Forecasts

Analysis of the Silicon Metal 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 Silicon Metal Market and Segments

Overview of Notable Emerging Competitor Companies within Each Major Region

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Major Companies Mentioned in the Report

Ferroglobe

Dow

Elkem ASA

RIMA INDUSTRIAL

RusAL

LIASA

Hoshine Silicon Industry Co., Ltd.

Zhejiang kaihua yuantong silicon industry co. LTD

Anyang Wanhua Metal Material Co. Ltd.

Shin-Etsu Chemical Co., Ltd.

Notable Emerging Companies Mentioned in the Report

Wackey Chemie AG

Mississippi Silicon LLC

PCC BakkiSilicon hf

Minasligas

Henan ALOY New Material Co. Ltd.

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

Silicon Metal Manufacturers

Emerging and Startup Companies in Silicon Metal

Different Types of Silicon Metal Research Labs

Government Ministries and Departments of Minerals

Government Departments of Electronics

Ministries and Departments of Paint & Coatings

Importers and Distributors of Silicon Metal

Chemical and Metals Market Research & Consulting Firms

Semiconductor Research and Development Associations

Investment Banking & Financial Institutes

PE and VC Firms focused on Chemicals and Metals Industries

Research & Development Institutes for Silicon Metal Sector

Silicon Metal Providers

Silicon Metal Suppliers

Investors in Silicon Metal Start-ups

Environmental Regulatory Bodies

Silicon Metal Distributors

Potential Entrants into Silicon Industry

Period Captured in the Report

Historical Period: 2017-2021

Forecast Period: 2022E-2028F

For more insights on the market intelligence, refer to the link below:-

Global Silicon Metal Market

The Philippines Clinical Laboratory Market is growing owing to growing economy, technological advancements and various new players coming up and expanding their services: Ken Research

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Focus on Rapid Urbanization, growing GDP, Ease of doing business, increasing healthcare budget and Improvement in quality of life are major factor contributing towards development of Clinical Laboratories Market in Philippines.

Poor Internet and lack of resources: Philippines is a country with one of the slowest internet speeds in the world. Additionally, the cost of internet is also high in Philippines. A 2020 Digital Quality of Life Index ranked the Philippines 82nd in terms of internet affordability out of 85 countries. And there is huge scope of development of health infrastructure. There are new technologies available globally which automates various procedures and increases the capacity of a laboratory. During Covid-19, a lot of patients couldn’t be tested at the right time due to dearth of covid testing kits.

Brain Drain and Lack of Affordability: Filipinos are well educated and skilled but a lot of health workers migrate to other countries which leads to dearth of health workers in Philippines. And Universal Health Policy is still a blank box for many people. Various healthcare tests are still very expensive for people that they prefer to not get tested as cost of getting sick is high and people can’t afford it.

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E-Health and Technological Advancements: E-Health is emerging in Philippines especially after the pandemic. More number of patients can be catered through online mode. It reduces paper work, errors and makes it easier to create awareness. And Healthcare industry in Philippines is gradually adopting advance technologies to automate the procedures and to diagnose and treat complex health issues.

Regulation of Health Professionals: Philippines is known for one of the best suppliers of quality health workers who are highly skilled professionals. There are separate government bodies which are responsible for training and professional development of health professionals. The Commission on Higher Education (CHED) prescribes standards for quality health science education and the health science curriculum, and regulates public and private higher education institutions in the country. The Professional Regulation Commission (PRC) is responsible for promoting credible licensure examinations of health professionals and ensure effective regulation of professional practice.

Analysts at Ken Research in their latest publication “Philippines Clinical Laboratory Market Outlook to 2027F- Driven by increasing awareness, widening customer base, digitalization and increasing corporate requirements for clinical testing” by Ken Research observed that Clinical Laboratory market is an emergent healthcare market in Philippines at a growing stage from the economic crisis after pandemic. The rising government policies and demand for medical attention, health consciousness among the population along with government initiatives is expected to contribute to the market growth over the forecast period. The market is expected to grow at a 8.99% CAGR during 2022-2027F owing to the newer delivery models and new government policies.

Key Segments Covered in the report: -

Philippines Clinical Laboratories Market

By Ownership

• Private
• Public

By Structure-Revenue

• Organized Labs
• Unorganized Labs

By Payor- Independent Labs

• Out of Pocket
• Private Health Insurance
• Government

By type of reference

• Doctor Referrals
• Walk-Ins
• Corporate Clients
• External Referrals
• Online Referrals

By Number of Tests- Independent Labs

• Routine
• Esoteric
• Non-Laboratory

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By Institutional Character

• Institutional
• Non-Institutional

By Level of services

• Primary
• Secondary
• Tertiary
• Limited

Number of Labs- By Region

• Region 1 (ILOCOS)
• Region 2 (CAGAYAN VALLEY)
• Region 3 (CENTRAL LUZON)
• Region 4A (CALABARZON)
• Region 4B (MIMAROPA)
• Region 5 (BICOL)
• Region 6 (WESTERN VISAYAS)
• Region 7 (CENTRAL VISAYAS)
• Region 8 (EASTERN VISAYAS)
• Region 9 (ZAMBOANGA PENINSULA)
• Region 10 (NORTHERN MINDANAO)
• Region 11 (DAVAO)
• Region 12 (SOCCSKSARGEN)
• Region 13 (CARAGA)
• NCR
• CARR
• BARMM

Key Target Audience

• Clinic Service Providers
• Clinic Equipment Distributors
• Clinic Equipment Manufacturers
• Clinics
• Hospitals
• Healthcare Companies
• Pharmaceutical Companies
• Tourism Agencies
• Government Bodies & Regulating Authorities
• Market Research and Consulting Firms

Time Period Captured in the Report:

• Historical Period: 2017-2022P
• Base Period: 2022P
• Forecast Period: 2023F-2027F

Companies Covered:

• Hi- Precision
• The Medical City
• Medicus Diagnostics
• Singapore Diagnostics
• New World Diagnostics
• Medi card
• Aventus Medical Care

Key Topics Covered in the Report

Pre-covid Health statistics of Philippines

Infectious Diseases in Philippines

Government Initiatives in Healthcare

Covid Impact and Responses

Cross Comparison of ASEAN Countries

WHO International Health Regulation capacity score: Laboratory

Categorization of Non-Hospital based Laboratories and number of units in Philippines

Evolution of Clinical Laboratory Industry

Ecosystem of Philippines Clinical Laboratory Market

Value Chain of Clinical Laboratory Industry

Market size of Philippines Clinical Laboratory Industry, 2017 - 2022

Market Segmentation, 2022P

Trends and Developments in Philippines Clinical Laboratory Market

Growth Drivers in Philippines Clinical Laboratory Market

Issues and Challenges in Laboratory Industry

Government Regulations in Laboratory Industry

Decision making Parameters of Customers

SWOT Analysis

Next Generation Laboratory Technology Trends

Competition Scenario of Philippines Clinical Laboratory Market

Market share of Major players

Future Outlook and Projections, 2022-2027E

Analyst Recommendations

For more insights on the market intelligence, refer to the link below: -

Future Outlook of Philippines Clinical Laboratories Market

Related Reports BY Ken Research: -

Indonesia Clinical Laboratory Market Outlook to 2026F

Vietnam Clinical Laboratories Market Outlook to 2027F

The Clinical Laboratories Market in Vietnam is growing owing to the Covid-19 pandemic, foreign investment and technological advancement: Ken Research

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Focus on Increasing penetration of Private Health Insurance and Change in Consumption Habits Are Major Factor Contributing towards development of Clinical Laboratories Market in Vietnam.

Lack of Awareness and No commercialization of Clinical Labs: The Vietnam Healthcare market is still largely traditional. The regular check-ups and lab tests are not prevalent, the patients only have tests conducted when recommended by the doctor. Private firms like Diag Laboratories are trying to create that awareness by educating patients and health professionals the benefits of regular diagnostic tests. The Clinical Labs across Vietnam are not very commercialized. They are not aggressively promoted or marketed to the customers or patients. There are not many marketers present in the Healthcare space. The private firms lack specialized marketers to promote their services.

Government Restraints: Ministry of Health (MoH) Vietnam has imposed certain requirements for setting up a laboratory including a space of 20 square meters, certain qualified technician and authorized equipment which might be difficult to obtain. All services and tests have to be approved by the Ministry which might be a lengthy process.

Growth in non-communicable disease and chronic diseases: Shift in disease profile, thus changing the level of interaction between doctors and patients from episodic to rhythmic. Increasing incidence of communicable and non-communicable diseases, such as cardiovascular disease, cancer and diabetes, are expected to drive the clinical laboratory testing market.

Rising disposable Income and Technological Advancements: Rising personal disposable income has led to higher spending on healthcare services including clinical testing. Further there has been an increase in middle to high income earners seeking preventive health check-ups post the pandemic. The Vietnamese population has become receptive to new technologies in healthcare. With Genetic Analysis Test introduced, a lot of people are trying it out and with further advancement, the customers might grow.

Analysts at Ken Research in their latest publication “Vietnam Clinical Laboratories Market Outlook to 2027F- Driven by Private Hospitals driving the future of Healthcare and Clinical Tests in Vietnam” by Ken Research observed that Clinical Laboratories market is an emergent healthcare market in Vietnam at a growing stage from the economic crisis after pandemic. The rising government policies and consumption habits of Vietnamese patients, growth of Health-Tech and digital adoption along with rise of new technologies is expected to contribute to the market growth over the forecast period. The market is expected to grow at a 10.4% CAGR during 2022-2027F owing to increasing awareness, rising disposable income and new government policies.

Key Segments Covered in the report

Vietnam Clinical Laboratories Market

By Type of Labs

Independent Labs

Private Hospital Labs

Public Hospital Labs

By Independent Labs

Organized Labs

Unorganized Labs

By Private Hospital Labs

In-House Labs

Third Party Tie-Ups

By End-User

Corporate Clients

Walk-Ins

Doctor Referrals

Online Referrals

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By Payor

Out-of-Pocket

Corporate Insurance

Private Insurance

Universal Health (Vietnam Govt.)

By Type of Tests

Pathology

Radiology

By Region

Northern

Southern

Central

By Age

0-20

20-40

40-60

Above 60

Key Target Audience

Clinic Service Providers

Clinic Equipment Distributors

Clinic Equipment Manufacturers

Clinics

Hospitals

Healthcare Companies

Pharmaceutical Companies

Tourism Agencies

Government Bodies & Regulating Authorities

Market Research and Consulting Firms

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Time Period Captured in the Report:

Historical Period: 2016-2022P

Base Period: 2022P

Forecast Period: 2023F-2027F

Companies Covered

Medic-Lab

Diag Laboratories

Chemedic Joint Stock Company

Labo TH Vietnam

FV Hospital

HONG NGOC

Vin Mec

Omron

Abbott

Terumo

Siemens

Key Topics Covered in the Report

Cross Comparison of Clinical Laboratories Market in Vietnam with Other Countries

Ecosystem of Clinical Laboratories Market in Vietnam

Evolution of Independent Clinical Laboratories Market in Vietnam

Value Chain of Clinical Laboratories Market in Vietnam

Market Size of Clinical Laboratories Industry in the Vietnam on the basis of Revenue, 2017-2022P

Market Segmentation of Clinical Laboratories Market in Vietnam, 2022P

Trends and Developments in Vietnam Clinical Laboratories Market

Key Challenges in Vietnam Clinical Laboratories Market

SWOT Analysis: Vietnam Clinical Laboratories Market

Growth Drivers of Vietnam Clinical Laboratories Market

Impact of Covid-19 on Vietnam Clinical Laboratories Market

Vietnam Clinical Laboratory Setup Procedure

Next Generation Laboratory Technology Trends

Competition Scenario for Vietnam Clinical Laboratories Market

Market Positioning Analysis for Clinical Laboratories Market in Vietnam

Market and Competitor Analysis by comparing Industry Growth

Pricing Analysis of Market players

Future Outlook and Projections, 2023E-2026E

Analyst Recommendations

For more insights on the market intelligence, refer to the link below:-

Vietnam Clinical Laboratories Market

Related Reports By Ken Research:-

Philippines Clinical Laboratory Market Outlook to 2027F

Indonesia Clinical Laboratory Market Outlook to 2026F (Second Edition)

Global Mental Wellness Market Outlook, and Revenue Forecast 2022-2028: Ken Research

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Market Overview

Positive feelings or the absence of mental diseases are two ways to define mental well-being or mental well-being. A variety of diverse kinds of mental illnesses, include bipolar disorders, anxiety, despair, PTSD, and eating disorders. Mental well-being, on the other hand, is linked to positive feelings like happiness, joy, and hope as well as optimal brain function. Emotional, behavioral, and physical health are all aspects of mental wellness. A healthy mind promotes productive work. One of the most important determinants of mental wellness is the capacity to manage daily stress. How someone thinks, behaves, makes decisions, and manages relationships can all be impacted by overall mental health.

According to Ken Research Analysis, the Global Mental Wellness Market was valued at ~US$ 75 billion in 2017. The market for mental wellness will be driven by the increased prevalence of mental illnesses/disorders, such as depression, anxiety, eating disorders, and others, as a result of busy lifestyles, poor diets, a lack of physical activity, and excessive work hours in today's society. The aging of the elderly population is another factor contributing to the increase of people with mental health issues.

It is estimated to be ~US$ 100 billion in 2022 and is expected to reach a market size of ~US$ 150 billion by 2028 growing at a CAGR of ~6% during 2022-2028.

• The mental wellness market will develop as a result of more government initiatives and rules supporting mental health, more social media influence, and growing public awareness of the value of mental health.
• With bringing about a new era of specialized education and solutions that cater to each individualized well-being through AI, mental wellness has undergone a major shift. Without using a lot of resources, using AI helps increase people's well-being. It can also aid in avoiding several health obstacles by inciting behavioral change after studying personality traits and behaviors.
• The market for mental wellness is restricted by a variety of factors, including constrained access to mental health providers, a lack of skilled mental health care professionals, and a shortage of general community awareness of treatment options.
• The COVID-19 pandemic and strict regulations imposed by various governments have affected people's pre-existing mental health symptoms and led to relapses everywhere, which is boosting the market's growth along with the rising demand for hospital services brought on by the rising number of patients who require mental health solutions to improve self-care.

Scope of the Report

The Global Mental Wellness Market is segmented into By Disorders, Types, Age Groups, and Services. In addition, the report also covers market size and forecasts for the four regions. The revenue used to size and forecast the market for each segment is US$ Billion.

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Key Trends by Market Segment

By Disorder - The Depression segment dominated the market in 2021 since depression is a key factor in the overall global burden of disease and a primary cause of disability worldwide.

• According to the World Health Organization (WHO) in September 2021 that an estimated 280 million individuals around the world suffer from depression, which affects 3.8% of the population overall, including 5.0% of adults and 5.7% of those over the age of 60.
• Social, psychological, and biological variables interact in a complicated manner to cause depression. Depression is more prone to occur in people who have experienced catastrophic circumstances, such as unemployment or bereavement. Depression can exacerbate an individual's current situation and the depression itself by increasing stress and dysfunction.

By Type - The Senses Spaces & Sleep segment accounted for the highest market share in 2021 as it includes services, items, and designs that emphasize the senses and the mind-body link, raising awareness of how strongly environmental stimuli affect a person's stress levels, mood, and sleep.

• The vast majority of sleep- and sleep-environment-optimizing solutions are focused on improving sleep, including accessories, smart beds, wearables, monitors, apps, sleep retreats, and nap cafés.
• To ensure restful sleep, a calm mood, and optimal sense function, a variety of sleep and sleep environment optimization devices are utilized, including trackers, smart beds, sleep accessories, wearables, sleep applications, sleep retreats, and nap cafes.

By Age Group – The adult segment accounted for the highest market share in 2021 owing to the Adult’s experience in multiple phases of development from early adulthood to late adulthood, such as obtaining personal and financial independence, success, recognition, and security.

• Extreme fear or worry, feelings of deep sadness or emotional numbness, abrupt mood changes, staying away from friends and social situations, changes in eating habits, substance abuse, trouble concentrating, changes in sleeping habits, and suicidal ideation are all symptoms of mental trauma in young adults.
• According to the Centers for Disease Control and Prevention in April 2021 stated that Adults with symptoms of an anxiety or depressive condition now make up 41.5% of the population, up from 36.4%

By Service - The Inpatient Hospital Treatment Services segment accounted for the highest market share in 2021 due to a growth in the prevalence of mental illnesses, a larger patient population, and a large number of patients using mental health interventions to improve self-care.

• The prevalence of mental disorders is rising, there are more patients, and many patients are employing mental health interventions to improve self-care, which is fuelling the segment's revenue growth.
• The need for inpatient hospital treatment services is increasing due to a number of benefits, including the availability of round-the-clock care in both private psychiatric hospitals and the mental units of regular hospitals.

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By Geography: North America accounted for the largest market share among all regions in 2021, owing to the presence of major Mental Wellness therapies and treatment organizations like Acadia Healthcare, Behavioral Health Network, Inc., CVS Health, and many more.

• As more individuals are adopting cutting-edge technologies and because both healthcare experts and those working in the corporate sector in a developed country like USA are becoming more conscious of the importance of mental health.
• The region's mental wellness market is growing as a result of the development of activities in the area, including a sharper focus on creating innovative services and the presence of key companies. Additionally, as a result of the rise in smartphone and tablet usage, people are stepping up the attempts to improve overall mental health.

Competitive Landscape

• The Global Mental Wellness Industry is highly competitive with ~500 players which include globally diversified players, regional players as well as a large number of country-niche players each with their niche in Mental Wellness therapies and treatments. Global players constitute ~15% of competitors, while country niche players represent the largest number of competitors. The major players in the market for mental wellness have shifted the attention to bio-based materials for product manufacturing and are launching significant strategies like mergers and acquisitions and partnerships with national and international businesses to broaden the organization’s product portfolios and increase its market share worldwide.
• Some of the major players in the market include Acadia Healthcare, Amare Global, Ascension, Behavioral Health Network, Inc., CVS Health, CareTech, Headspace Inc., Promises Behavioral Health, Pyramid Healthcare Inc., Universal Health Services, and others.

Recent Developments Related to Major Players

• In January 2022, Headspace Health acquires Sayana, an AI-powered mental health, and wellness company.
• In October 2021, Headspace and Ginger have completed their merger to create a US$3 billion mental health enterprise.

Conclusion

The Global Mental Wellness Market is anticipated to grow significantly during the projected period (2022-2028) owing to the significance and widespread acceptance of mental health disorders. Instead of simply living a healthy lifestyle that may have a positive impact on overall wellness, the expanded concept of mental wellness in the current day aims to give people a sense of control over their health and happiness. Vendors in the market are creating programs that treat underlying reasons including lack of sleep and challenges at home instead of only tertiary remedies because mental health concerns are underreported owing to the stigma attached to them. The most recent study is focused on connecting cognitive behavioral therapy with smartphones to solve these challenges. Though the market is competitive with ~500 participants, country-niche players control the dominant share and regional players also hold a significant share.

For more insights on the market intelligence, refer to the link below: –

Global Mental Wellness Service Market Analysis

Global Water Desalination Equipment Market Outlook, and Revenue Forecast 2022-2028: Ken Research

 Market Overview

Water Desalination is the process of removing minerals such as salt from saline water to make it fit to use. The three main sources of saline water are seawater, brackish water, and river water. Water desalination equipment manufacturers develop different types of technologies for desalination purposes such as Reverse osmosis (RO), Multi-stage Flash (MSF) Distillation, Multi-effect Distillation (MED), and more that is mainly used in municipal and industrial application all around the globe.

According to Ken Research Analysis, the Global Water Desalination Equipment Market was valued at ~US$ 7 billion in 2017. It is estimated to be ~US$ 10 billion in 2022 and is expected to reach a market size of ~US$ 16 billion by 2028 growing with a CAGR of ~8% during 2022 to 2028.

The global market for water desalination equipment is expanding owing to water scarcity which means the lack of freshwater resources to provide the regular demand for water consumption for public use.

• According to United Nations, which is an intergovernmental organization that fosters friendly ties between countries and maintains global peace and security stated that around 700 million people from more than 43 countries all around the globe are affected by water scarcity.

• Environmental issues due to Brine Discharge, which is a remnant of a successful desalination process is one of the biggest challenge faced by the global desalination equipment market.
• As the installation cost of the brine treatment system is significantly high, thus companies prefer to directly dump the brine back into the sea, which negatively affects the marine flora and fauna.

• Due to the suspension of production operations in a number of industrial sectors, including Water Desalination Equipment manufacturing facilities, the COVID-19 pandemic hindered the growth of the Global Water Desalination Equipment Market. As a result, production showed a decline in the Water Desalination Equipment market.

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Scope of the Report

The Global Water Desalination Equipment Market is segmented by technology, source, and application. In addition, the report also covers market size and forecasts for the four major regions of the Global Water Desalination Equipment Markets. The revenue used to size and forecast the market for each segment is US$ billion.

By Technology	Reverse Osmosis (RO) Multi-stage Flash (MSF) Distillation Multi-effect Distillation (MED) Others
By Source	Seawater Brackish Water River Water Others
By Application	Municipal Industrial Others
By Geography	North America USA Canada Mexico Europe France Germany Spain UK Rest of Europe Asia Pacific China India Japan South Korea AustraliaRest of Asia Pacific LAMEA Latin America Middle East Africa
Key Players	Doosan Corporation IDE Technologies Biwater Holdings Limited SUEZ Veolia Water Solutions & Technologies Xylem ACWA Power Aquatech International LLC Abengoa Acciona

Key Trends by Market Segment

By Technology:  The Reverse Osmosis segment held the largest market share of the Global Water Desalination Equipment Market in 2021.

• Reverse Osmosis uses membrane separation equipment for the water desalination process, which is purely physical and less expensive as compared to other technologies.
• In reverse osmosis technology, the saline water is passed through a membrane, which filters salt and other minerals producing freshwater for generic use.

By Source: The Seawater segment accounted for the largest market share in the source segment in 2021.

• The growth is primarily due to the easy availability of seawater and the rise in the seawater desalination plants for dealing with water scarcity.
• In the desalination process the seawater is pumped directly into the desalination plant and several technologies such as reverse osmosis and multi-effect distillation are used to remove several minerals such as sodium, chlorine, magnesium, and more to convert the seawater into freshwater. 

By Application: The Municipal segment held the largest market share in 2021 of the global Water Desalination Equipment Market.

• Municipality plays a critical role, owing to the surge in demand for fresh water from the growing population, rapid urbanization, and stringent environmental regulations drive the need for clean and safe water for consumption.
• Water desalination is required by municipalities to supplement reserves by recovering wastewater, groundwater, and seawater, which can be supplied for domestic usage and others.

By Geography: LAME Accounted for the largest market share among all regions within the total Global Water Desalination Equipment Market in 2021.

• The growth is primarily due to the high industrialization and initiatives taken by countries like Saudi Arabia, Israel, and United Arab Emirates to deal with water scarcity.
• Israel currently has the world largest water desalination plant in the world, which has a capacity of 624,000m ³/day and uses technology such as seawater reverse osmosis for desalination purposes.

Competitive Landscape

The Global Water Desalination Equipment Market is highly competitive with ~500 players, which include globally diversified players, regional players as well as a large number of country-niche players each with their niche in Water Desalination Equipment manufacturing. Large global players constitute ~10% of competitors, while country-niche players represent ~60% of competitors. Some of the major players in the market include Doosan Corporation, IDE Technologies, Biwater Holdings Limited, SUEZ, Veolia Water Solutions & Technologies, Xylem, ACWA Power, Aquatech International LLC, Abengoa, Acciona, and among others.

Recent Developments Related to Major Players

• In August 2022, Doosan Corporation signed a contract worth US$ 590 Million for the construction of a water desalination plant in Saudi Arabia, the desalination plant uses reverse osmosis technology for desalination processes.
• In July 2021, DuPont is selected by IDE technologies to provide Sea Water Reverse Osmosis (SWRO) Filtration membrane for the Sorek water desalination plant in Israel.  The Sorek water Desalination plant currently holds the title of the world’s biggest water desalination plant.

Conclusion

The Global Water Desalination Equipment Market is forecasted to continue growing during the forecast period primarily driven by water scarcity. Though the market is highly competitive with ~ 500 participants, few global players control the dominant share and country-niche players hold a significant share. LAMEA is the dominating region, owing to the rapid industrialization in the region.

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Note:This is an upcoming/planned report, so the figures quoted here for a market size estimate, forecast, growth, segment share, and competitive landscape are based on initial findings and might vary slightly in the actual report. Also, any required customizations can be covered to the best feasible extent for Pre-booking clients, and the report delivered within a maximum of two working weeks.

Key Topics Covered in the Report

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

Key Companies Covered in the Report

• Doosan Corporation
• IDE Technologies
• Biwater Holdings Limited
• SUEZ
• Veolia Water Solutions & Technologies
• Xylem
• ACWA Power
• Aquatech International LLC
• Abengoa
• Acciona 

Notable Emerging Companies Mentioned in the Report

• Salinnova
• Useful Wastes
• Desolenator
• Anfiro
• High Voltage Water

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

• Water Desalination Equipment Raw Material Suppliers
• Water Desalination Equipment Products Manufacturers
• Government Ministries and Departments for Drinking Water and Sanitation
• Water Desalination Equipment Industry Association
• Water Desalination Equipment Companies
• Venture Capitalists Targeting Water Desalination Equipment Industry
• Investment Banks Targeting Water Desalination Equipment Industry
• Environmental Regulatory Authorities

Time Period Captured in the Report

• Historical Period: 2017-202
• Forecast Period: 2022E-2028F

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

Global Water Desalination Equipment Market: Ken Research

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Global Specialty Silica Market Size, Share, Industry Report 2022-2028: Ken Research

 Market Overview:

Specialty silica is manufactured in the form of round pebbles or fine powders and is further used as key additives in the formulation of several products for various end-use industries such as automotive, electronics, inks, coatings, and personal care products. Silica is a compound of silicon and oxygen (SiO2), two of the most common elements in the earth's crust. Silicon dioxide occurs naturally as agate, sand, quartz, cristobalite, and flint. It is one of the major constituents of dental porcelain, and in granular form serves as a dental abrasive and polishing agent.

According to Ken Research Analysis, the Global Specialty Silica Market was valued at ~US$ 4 billion in 2017. It is estimated to be ~US$ 6 billion in 2022 and is forecasted to reach a market size of ~US$ 9 billion, growing at a CAGR of ~7% owing to the rising demand for rubber and paints & coatings across different end-use industries such as construction and footwear industries.

• Specialty silica is widely utilized in the production of rubbers used in various industries such as footwear, automobile tires, and others. Increasing tire production in the automotive industry is one of the factors driving the growth of the specialty silica market. Global automobile production is increasing in several developed countries, increasing the demand for tire consumption.
• The exponential increase in electric vehicle manufacturing presents lucrative opportunities for the tire industry, which is having a positive impact on the specialty silica market. In 2021, total electric vehicle sales reached 7.8 million units, double the figure from 2020.
• The biggest challenge for the market is the high cost of colloidal silica and the growing preference of end users for lower-cost alternatives. Specialty silica showcases a cyclical behavior, with the market shifting focus to other substitutes that are much lower in price as compared to silica. It will impact player profit margins in the years to come.
• The market was negatively impacted by the COVID-19 pandemic, owing to the strict regulations in several countries that temporarily halted all types of manufacturing processes. The global pandemic affected the production of rubber due to a complete ban on imports-exports that disrupted the supply chain, work stoppages, and labor shortages, thereby hampering the growth of the market. The prices have been severely hit due to COVID-19-induced trade restrictions. Specialty silica, being one of the key materials in rubber production, simultaneously experienced a dip in prices. The automotive industry is the key end-user industry of synthetic silica that faced reduced sales due to the pandemic. However, the market is expected to exhibit significant growth in the forecast period due to surging demand for specialty silica in the paint & coatings and automobile industries.

Scope of the Report: The specialty silica market is segmented by product, application, and region. In addition, the report also covers the market size for each of the four regions' specialty silica market. The revenue used to size and forecast the market for each segment is US$ billion.

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Product	Precipitated Silica Fumed Silica Fused Silica Silica Gel Colloidal Silica
Application	Rubber Plastic Paint & Coatings Electrical & Electronics Agricultural & Feed Food & Beverages Personal Care Others
By Region	North America (USA, Canada, Mexico) Europe (Germany, UK, France, Spain, Italy, Rest of Europe) Asia Pacific (China, Japan, South Korea, India, Indonesia, Australia, Rest of Asia Pacific) LAMEA (Latin America, Middle East, Africa)
Key Players	Cabot Corporation Akzo Nobel N.V. Evonik Industries Huber Engineered Materials Solvay PQ Corporation Madhu Silica Pvt. Ltd. Wacker Chemie AG PPG Industries, Inc. W. R. Grace & Co.

Key Trends by Market Segment

By Product: The precipitated silica segment held the largest market share in the global specialty silica market in 2021, owing to its wide application in PVC sheets, wherein it helps in improving pigment dispersion and tensile strength.

• Precipitated silica is the most commonly used specialty silica in the rubber industry. The product acts as a reinforcing agent and improves wear and tear resistance.
• Fused silica is expected to register the highest CAGR during the forecast period. Fused silica products are used in the manufacture of optical components such as mirrors, UV and IR transmitting optics, lenses and metrology.

By Application: The rubber segment held the largest market share in the global specialty silica market in 2021, as rubber made of silica material is widely utilized in different end-use industries such as automotive, footwear, and others.

• In industrial rubber goods, specialty silica is commonly used in Liquid Silicone Rubber (LSR) and High-Temperature Vulcanized (HTV) rubber, which requires high mechanical strength and good electrical insulation.
• Paint & Coatings is expected to grow with the highest CAGR during the forecast period as it is widely used as a low-cost extender and is preferred for its chemical inertness tends to improve the viscosity of paints and coatings.

By Region: Asia Pacificheld the largest market share among all other regions within the global specialty silica market in 2021, owing to the rising construction activities in China and Japan .

• According to the International Organization of Motor Vehicle Manufacturers (OICA), Asia Pacific is the largest producer of motor vehicles. The growing automotive industry, is the factor responsible for the largest share of the region.
• The Japanese construction industry is predicted to boom as the country prepares to host the World Expo in Osaka, Japan, in 2025. The demand for constructing various buildings and infrastructure for the event will boost the market for specialty silica in the region.

Competitive Landscape

The Global Specialty Silica Market is highly competitive with ~200 players, including globally diversified players, regional players, and many country-niche players. Most of the country-niche players are the manufacturers of specialty silica used in various end-user industries.

Regional players constitute ~35% of the total number of competitors, while country-niche players dominate representing ~55% of total competitors. Some of the major players in the market include Cabot Corporation, Akzo Nobel N.V., Evonik Industries, Huber Engineered Materials, Solvay, PQ, Madhu Silica Pvt. Ltd., Wacker Chemie AG, PPG Industries, Inc., W. R. Grace & Co., among others.

Recent Developments Related to Major Players and Organizations

• In November 2021, Nouryon announced the expansion of its Levasil colloidal silica manufacturing plant in USA. The plant expansion is aimed to meet the increasing demand from the packaging and construction industry.

• In October 2021, Evonik Wynca Silicon Material started its fumed silica plant, which is the company’s first fumed silica plant in China. It aims at positioning the company by building a global supply chain for its customers in China and overall Asia.

Conclusion

The Global Specialty Silica Market witnessed a negative impact due to COVID-19 owing to the strict regulations in several countries that temporarily halted all types of manufacturing processes. The global pandemic affected the production of rubber due to a complete ban on imports-exports that disrupted the supply chain, work stoppages, and labor shortages, thereby hampering the growth of the market. Precipitated silica is the most common type of specialty silica product among others such as fumed silica, fused silica, silica gel, and colloidal silica. The majority of the silica material is used in the manufacturing of rubbers that are further utilized in various end-use industries such as electrical and electronics, automotive, footwear, and others. Though the market is competitive with over ~200 participants, country-niche players control the dominant share in the market and regional players also hold a significant share.

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Note: This is an On-Demand/Planned report, so the figures quoted here for market size estimate, forecast, growth, segment share, and competitive landscape are based on initial findings and might vary slightly in the actual report. Also, any required customizations can be covered to the best feasible extent for Pre-booking clients and report delivered within a maximum of 2 working weeks.

Key Topics Covered in the Report

• Snapshot of Global Specialty Silica Market
• Industry Value Chain and Ecosystem Analysis
• Market size and Segmentation of the Global Specialty Silica Market
• Historic Growth of Overall Global Specialty Silica Market and Segments
• Competition Scenario of the Market and Key Developments of Competitors
• Porter’s 5 Forces Analysis of Global Specialty Silica Industry
• Overview, Product Offerings, Strengths, & Weaknesses of Key Competitors
• Covid-19 Impact on the Overall Global Specialty Silica Market
• Future Market Forecast and Growth Rates of the Total Global Specialty Silica Market and Segments
• Analysis of Global Specialty Silica Market
• Major Production/Supply and Consumption/Demand Hubs within Each Region
• Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments
• Overview of Notable Emerging Competitor Companies within Each Region

Notable Key Players Mentioned in the Report

• Cabot Corporation
• Akzo Nobel N.V.
• Evonik Industries
• Huber Engineered Materials
• Solvay
• PQ Corporation
• Madhu Silica Pvt. Ltd.
• Wacker Chemie AG
• PPG Industries, Inc.
• W. R. Grace & Co.

Notable Emerging Companies Mentioned in the Report

• AeroShield
• WaferPro
• Ultra HPQ
• Ashtamers Pvt.Ltd.
• Qingdao Hengze Silica Gel Products Co.,Ltd

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

• Specialty Silica Manufacturers
• Specialty Silica Suppliers
• Precipitated Silica Suppliers
• Fumed Silica Suppliers
• Fused Silica Suppliers
• Silica Gel Suppliers
• Colloidal Silica Suppliers
• Specialty Silica Distributors
• Emerging and Startup Companies in Specialty Silica
• Different Types of Specialty Silica Research Labs
• Government Ministries and Departments of Minerals
• Government Departments of Electronics
• Ministries and Departments of Paint & Coatings
• Importers and Distributors of Specialty Silica

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 Specialty Silica Market: Ken Research 

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Rising Automobile demand, Flexible models of financing, increase in Online Auto Finance Aggregator and Growth in Auto Finance industry had driven UAE Auto Finance Market: Ken Research

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Focus on Growing digital penetration, evolving vehicle ownership characteristics and rebates by the Government amidst systematically regulated vehicle ownership and financing policies by the regulatory authorities are driving the UAE auto finance market.

Rising Automobile Demand:  UAE’s low import and fuel costs, conducive tax regime and high disposable incomes has strengthened the automobile sector and encouraged the global giants to set up its dealers and distributers in the UAE. The government has also been encouraging research and development with regards to autonomous or driverless vehicles, smart and eco-friendly alternatives, for instance, hydrogen, natural gas and hybrid vehicles which has led to the rise in demand for automobile.

Flexible Models of Financing: Younger, tech-savvy buyers, who expect to manage their finances remotely on a mobile device or computer are gaining market share. AI is increasingly making important decisions to offer a very different proposition to third party funders, brokers and banks like Dubai Islamic bank, Ajman bank, arab bank, mashreq, first Abu Dhabi bank etc.

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Growth in Automotive Industry: UAE’s low import and fuel costs, conducive tax regime and high disposable incomes have also helped strengthen the automobile sector and encourage global giants like Toyota, Nissan, Mitsubishi, etc. to set up shop here and manufacture in the country. The government has also been encouraging research and development with regards to autonomous or driverless vehicles such as the RTA and General Motors backed “Cruise” that is operating Chevrolet Bolt EVs across the city to create and maintain a navigable map for autonomous vehicles.

Online Auto Finance Aggregator: Major Online aggregator are Yallacompare, Moneymall, souqalmal, mymoneysouq, soulwallet. These platforms collaborate with Banks, Captives, NBFCs, Fintech lenders and other peer-to-peer lending platforms to provide multiple financing options that range from personalized ­interest rates and variable terms to completely new ownership models such as shared leasing and vehicle subscriptions.

Analysts at Ken Research in their latest publication “UAE Auto Finance Industry Outlook to 2026F - Driven by growing digital penetration, evolving vehicle ownership characteristics and rebates by the Government amidst systematically regulated vehicle ownership and financing policies by the regulatory authorities” by Ken Research observed that UAE Auto Finance Market is in the growing phase. The Potential for Fintech Growth, growing digital advancement, rising automobile demand, flexible model of financing and government initiatives, are some of the factors that will contributed to the UAE Auto Finance market growth over the period of 2021-2026F. It is expected that UAE Auto Finance Sector will grow at a CAGR of ~17% for the above forecasted period.

Key Segments Covered: -

UAE Auto Finance Market:

By Category of Lenders (by Credit disbursed), 2021 & 2026F: 

• Captive Financing Companies
• Universal and Commercial Banks
• NBFCs

By Type of Vehicles (by Credit disbursed), 2021 & 2026F:

• Two Wheelers
• Three Wheelers
• Four Wheelers

By Type of Ownership (by Credit disbursed), 2021 & 2026F:

• Used Cars
• New Cars

By Category of Vehicles (by Credit disbursed), 2021 & 2026F:

• Passenger Vehicles
• Commercial Vehicles

By Duration of Loan (by Credit disbursed), 2021 & 2026F:

• 12 – 14 months
• 25 – 48 months
• 49 – 60 months

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Key Target Audience

• Banks and its Subsidiaries
• NBFCs
• Captive Finance Companies
• Government and Institutions
• Automobile Companies
• Car Dealers
• Government and Institutions
• Existing Auto Finance Companies
• OEM Dealerships
• New Market Entrants
• Investors
• Auto mobile Associations

Time Period Captured in the Report:

• Historical Period: 2016-2020
• Base Year: 2021
• Forecast Period: 2022 – 2026F

Companies Covered:

• Dubai Islamic Bank
• Commercial Bank of Dubai
• Emirates NBD
• HSBC
• Noor Bank
• Abu Dhabi Islamic Bank
• Al Hilal Bank
• Ajman Bank
• ADCB Islamic Bank
• Arab Bank
• RakBank
• Sharjah Islamic Bank
• Emirates Islamic Bank
• First Abu Dhabi Bank
• Mashreq Bank
• Dunia Finance
• Reem Finance
• Siraj Finance
• Finance House
• Dubai First

Key Topics Covered in the Report:

• Executive Summary for UAE Auto Finance Market Outlook to 2026F
• Country Overview of UAE
• UAE Auto Finance Market Overview and Genesis
• Ecosystem of Major Entities in UAE Auto Finance Market
• UAE Automotive Market - Major OEM Brands basis Passenger Car Sales
• Objectives of Captives
• Types of Car Loans in UAE Auto Finance Industry
• Value Chain of UAE Auto Finance Industry
• UAE Auto Finance Market Size
• UAE Auto Finance Market Segmentations
• Industry Analysis of UAE Auto Finance Market
• Decision Making Parameters for selecting Auto Finance Vendors
• Trends and Developments in UAE Auto Finance Market
• Challenges faced by End Users in UAE Auto Finance Market
• SWOT Analysis of UAE Auto Finance Market
• Government Regulations in the UAE Auto Finance Market
• Customer Journey
• COVID 19 Impact on UAE Auto Finance Industry
• UAE Auto Finance Aggregator Market
• Cross Comparison of Major Companies in UAE Auto Finance Market
• Future Outlook and Market Size for UAE Auto Finance Market 2021-2026F
• Analyst Recommendations

For more insights on the market intelligence, refer to the link below: -

Future Outlook UAE Auto Finance Market

Related Reports by Ken Research: -

KSA Auto Finance Market Outlook to 2026F

Thailand Auto Finance Market Outlook to 2024