Thursday, December 8, 2022

Global 3D Bioprinting Market Size, Segments, Outlook, and Revenue Forecast 2022-2028: Ken Research

 The Global 3D Bioprinting Market was valued at ~US$ 1 billion in 2017. It is estimated to be ~US$ 2 billion in 2022 and is forecasted to reach a market size of ~US$ 5 billion, growing at a CAGR of ~15% owing to the rising demand from the manufacturing industry.

Global 3D Bioprinting Market

For more information, request a free sample

Key Growth Drivers

  • Several pharmaceutical firms are rapidly utilizing 3D bioprinting goods and technology in process of finding and developing new drugs. Compared to the conventional drug test process, 3D bioprinting allows the drug industry to test medications more affordably and safely, which acts as a driving factor for the growth of the market.
  • Due to uncontrollable processing parameters and different materials, the additive manufacturing method's accuracy varies between machines. A few monitoring techniques are available to assist producers in fulfilling their unique requirements by correcting these modifications. It has been challenging to create intricate and precise mathematical models using additive manufacturing, which acts as a major challenge for the market.
  • The market was positively impacted by the COVID-19 pandemic as various 3D Bioprinting communities are responding to the worldwide crises by offering their respective skills to ease the burden on the supply chain and governments. As the cases of COVID-19 are increasing day by day, there has been a shortage of materials for medical professionals as well as for the general public. One of the biggest issues is the lack of availability of test kits for COVID-19. Hence, various 3D bioprinting companies are manufacturing 3D printers and related software on a large scale.

Key Trends by Market Segment

By Component: The 3D bioprinters segment held the largest market share in the global 3D bioprinting market in 2021, owing to the growing demand for 3D bioprinting due to the widespread use of pharmaceutical pills to treat a variety of chronic conditions.

  • Bioprinting is a form of additive manufacturing that uses biomaterials instead of traditional metals and plastics to create 3D tissues.

3D bioprinters use three-dimensional technology in combination with biocompatible materials to replicate body parts. It is used for bioprinting of tissue, bone, organs, blood vessels tissue, and biomedical parts.

Global 3D Bioprinting Industry

For more information, request a free sample

By Material: The living cells segment held the largest market share in the global 3D bioprinting market in 2021, owing to rising demand from the pharmaceutical industry.

  • Using living cells as bio-inks, the inkjet technology allows for the printing of complex organs and tissues on culture substrates.
  • Living tissues and organs can be printed in three dimensions by layering living cells. There is growing usage of living cells in regenerative medicine and stem cell research.

By Application: The clinical application segment held the largest market share in the global 3D bioprinting market in 2021, owing to utilization of bioprinting technology in clinical trials of various diseases.

  • Bioprinting saves time in clinical trials and, thus, is being increasingly used for drug discovery. Biopharmaceutical companies are collaborating with market players to test their drugs.

By Region: North America held the largest market share among all other regions within the global 3D bioprinting market in 2021, due to the supporting government policies to augment the growth of the region.

  • The increasing incorporation of IT in the healthcare industry and increasing adoption of 3D bioprinting for the production of medical products is expected to be one of the major factors contributing to market growth in this region.
  • The USA government is spending more on research and development, in order to come up with vaccines for conditions like Covid and other diseases. Due to this reason, there is an increasing demand for 3D bioprinting, as this technology has been reconnoitered for drug testing and organ transplantation.

Global 3D Bioprinting Sector

For more information, request a free sample

Competitive Landscape

The Global 3D Bioprinting Market is highly competitive with ~100 players, including globally diversified players, regional players, and many country-niche players. Most of the regional players are the developers of 3D Bioprinting used in various end-user industries.

Country-niche players constitute ~25% of the total number of competitors, while regional players dominate representing ~45% of total competitors. Some of the major players in the market include Organovo Holdings, Inc., Inventia Life Science, Poietis, VIVAX BIO, LLC, CYFUSE BIOMEDICAL K.K., 3D Bioprinting Solutions, CELLINK , BICO - THE BIO CONVERGENCE COMPANY, CollPlant Biotechnologies Ltd., Aspect Biosystems Ltd., among others.

For more information, request a free sample

Recent Developments Related to Major Players and Organizations

  • In March 2022, BICO Company AB, introduced the BIO CELLX, a revolutionary technology that automates 3D cell cultivation processes by utilizing prevalidated procedures.
  • In May 2021, 3D Systems, a US-based company engaged in offering 3D bioprinting technology announced the acquisition of Allevi Inc. Through the acquisition, 3D Systems plans to utilize Allevi’s expertise to develop applications in the future for the development of human organs in the long term and become a market leader in bioprinting.

Conclusion

The Global 3D Bioprinting Market witnessed a positive impact due to COVID-19 owing to the growing demand for 3D bioprinters from the healthcare and pharmaceutical industries. 3D bioprinters are the most common component of 3D bioprinting. Majorly, the living cells are used as material in the 3D bioprinting technology for carrying out clinical trials. Though the market is competitive with ~100 participants, regional players control the dominant share in the market and country-niche players also hold a significant share.

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.

Ken Research has recently published report titled, Global 3D Bioprinting Market Size, Segments, Outlook, and Revenue Forecast 2022-2028. In addition, the report also covers the market size for each of the four regions' 3D Bioprinting market. The revenue used to size and forecast the market for each segment is US$ billion.

Market Taxonomy

Component

  • 3D Bioprinters
  • Bioinks

Material

  • Living Cells
  • Hydrogels
  • Extracellular Matrices
  • Others

Application

  • Research Application
  • Clinical Application

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

  • Organovo Holdings, Inc.
  • Inventia Life Science
  • Poietis
  • VIVAX BIO, LLC
  • CYFUSE BIOMEDICAL K.K.
  • 3D Bioprinting Solutions
  • CELLINK 
  • BICO - THE BIO CONVERGENCE COMPANY
  • CollPlant Biotechnologies Ltd.
  • Aspect Biosystems Ltd.

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

Global 3D Bioprinting Market: Ken Research

Global Quantum Computing Market is expected to reach a market size of US$ 2000 million by 2028: Ken Research

 Buy Now

The Global Quantum Computing Market was valued at ~US$ 200 million in 2017. It is estimated to be ~US$ 500 million by 2022 and is expected to reach a market size of ~US$ 2000 million by 2028 growing at a CAGR of ~25% during the forecast period (2022-2028). The demand for high-performance computing is driving the growth of the quantum computing market.

global-quantum-computing-market

                                         For more information, request a free sample 

  • The quantum computing sector will grow as a result of governments investing more money in the field. The development of quantum computing technology has the potential to alter the dynamics of the strategic balance of trade, power, and military affairs. To build and expand quantum computing systems, several countries aim to increase exploratory research on innovative technologies. Rising government spending on such solutions for a variety of applications is predicted to support the growth of the global quantum computing market.
  • The quantum computing sector faces several underlying intellectual hurdles despite rich development potential. One of the main factors limiting the market's expansion is the complexity of quantum computing solutions. The market's expansion is further hampered by compatibility problems and quantum entanglement during network communication.
  • Global digitalization has rapidly advanced since the start of the COVID-19 epidemic. The pandemic-induced changes to the world economy are proving difficult to adjust to, and businesses are working to maintain their digital transformation momentum while adjusting to the new norm of installing remote workstations. Quantum computing is still a key component of strong research capabilities in such circumstances.

Key Trends by Market Segment

By Component: The hardware segment held the largest market share in 2021, Since hardware represents a substantial bottleneck in the ecosystem, growth in this sector is anticipated.

  • Numerous hardware platforms are being developed for quantum computing. All commercially accessible quantum computers are based on superconducting circuits and trapped ions, which are the most sophisticated. Spin qubits, photonic networks, and neutral atoms are other intriguing platforms.

By Application: The machine learning segment held the largest market share in 2021, due to the growing popularity of such computing, the machine learning segment will gain ground.

  • Quantum algorithms are included in machine learning software as part of quantum machine learning. It becomes exceedingly challenging to systematically sort a large number of variables in complex models. Therefore, consumers can choose quantum computing technology to quickly and accurately resolve this complexity.
  • The Monte Carlo approach, for instance, employs sampling to estimate numerical quantities from a big dataset. Algorithms can speed up the implementation of the Monte Carlo method and cut down on calculation time, whereas quantum algorithms can speed up the execution speed of a solution.

By End-user: BFSI segment held the largest market share in 2021, the market will grow as more of these computing systems are used in banking, financial services, and insurance.

  • During the period of market forecasting for quantum computing, BFSI is anticipated to hold the largest market share. Additionally, quantum computing is gaining popularity in the healthcare industry because, according to a medical futurist, the computing technology can be used to power the development of virtual environments where experts can examine factors like body fluids, electrolytes, circulation, metabolism, and skin temperature on digitally created human replicas.

global-quantum-computing-market-outlook

By Geography: Asia Pacific segment held the largest market share in 2021, chemicals, banking and finance, healthcare and pharmaceuticals, and other industries all have significant hubs.

  • Leading producers of consumer electronics, including smartphones, laptops, and gaming consoles in APAC include nations like China, Japan, and South Korea. In these industries, there is a need to tackle difficulties in applications of simulation, machine learning, and optimization.
  • Large and medium-sized businesses are developing in the region as a result of the rapid growth seen by APAC's growing economies and the increased use of cutting-edge technologies in the manufacturing industry. In consequence, this is increasing demand for quantum computing equipment and services in APAC.

Competitive Landscape

  • The global quantum computing market is highly competitive with ~200 players which include globally diversified players, regional players, and country-niche players with their niche in the quantum computing market.
  • Regional players constitute ~45% of the competitors, while the County-niche players are the second largest by type. Some of the major players in the market include Intel Corporation, Atos SE, IBM Corporation, Quantum Circuits, Inc., Microsoft Corporation, Google, Accenture, Toshiba Corporation, Hitachi Ltd, Huawei, and among others.

global-quantum-computing-market-share

                                         For more information, request a free sample

Recent Developments Related to Major Players

  • In May 2021, the first multi-chip quantum processor in the world has been introduced by Rigetti Computing. It features a proprietary modular architecture that shortens the path to commercialization while tackling key scaling issues for fault-tolerant quantum computers.
  • In January 2021, Google Quantum AI (Google) and Boehringer Ingelheim announced a collaboration agreement that would focus on implementing and researching novel applications of quantum computing in pharmaceutical research and development, particularly molecular dynamics simulations.
  • In February 2021, the IBM Quantum Network and BP have reportedly joined forces, according to IBM, to support the use of quantum computing technologies in the power and energy sectors.

Conclusion

The global quantum computing market is forecasted to continue the growth that is witnessed since 2017. Quantum computing provides benefits, real-world consequences, and concerns for the automotive sector. Its applications in the automobile industry are many and are likely to address some of the major issues the sector is currently facing. This disruptive technology is related to supercomputing and high-performance computing operations. The market is highly competitive, with firms who have been there for a while taking the majority of the market. Though the market is highly competitive with ~200 players, few global players control the dominant market share and regional players also hold a significant market share.

Note: This is an On-Demand/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.

Ken Research has recently published report titled Global Quantum Computing Market Size, Segments, Outlook, and Revenue Forecast 2022-2028. In addition the report also covers market size and forecasts for the four region’s quantum computing markets. The revenue used to size and forecast the market for each segment is US$ billion.

Market Taxonomy 

By Component

·       Hardware

·       Software

·       Services

By Application

·       Optimization

·       Machine Learning

·       Simulation

·       Others

By End-user

·       Aerospace & Defense

·       BFSI

·       Energy & Power

·       Healthcare

·       Information Technology & Telecommunication

·       Transportation

·       Others

By Geography

·       North America (USA, Canada, Mexico)

·       Europe (Germany, UK, France, Spain, Italy)

·       Asia-Pacific (China, Japan, South Korea, India, Indonesia, Australia)

·       LAMEA (Latin America, Middle East, Africa)

Leading Companies

·       Intel Corporation

·       Atos SE

·       IBM Corporation

·       Quantum Circuits, Inc.

·       Microsoft Corporation

·       Google

·       Accenture

·       Toshiba Corporation

·       Hitachi Ltd

·       Huawei

 

Global Medical Polymer Market Size, Segments, Outlook, and Revenue Forecast 2022-2028: Ken Research

 The Global Medical Polymer Market – which grew from approximately US$ 10 Billion in 2017 to approximately US$ 15 billion in 2022 – is forecasted to grow further into approximately US$ 25 Billion opportunities by 2028, owing to the growing chronic diseases, rising number of patients worldwide, and surging healthcare infrastructure by government active participation and investments.

Suppliers of Medical Polymer Globally

For more information, request a free sample https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MTUw

Key Growth Drivers

  • The medical polymer market is driven by surging chronic diseases such as cancer, diabetes, stroke, and other infectious viruses. According to World Health Organization, stated that nearly 10 million deaths in 2020 are caused by cancer worldwide, the most common cases of cancer were lung, prostate, skin, stomach, colon, and rectum. Globally, more than two third of all death are occurred due to one or more of these five chronic diseases including heart disease, cancer, stroke, diabetes, and chronic obstructive pulmonary diseases. The increasing number of cases due to chronic diseases worldwide, enforcing governments and players to upgrade technology via medical devices or surgeries to cure the disease, which is likely to benefit the medical polymer market.
  • Government strict rules and restrictions on the usage of polymer material in the healthcare and medical industry, are restraining the growth of the medical polymer market. For instance, the USA Food and Drugs Administration (FDA), stated that numerous types of materials, including metals, polymers, and ceramics, are commonly used in medical devices. FDA is taking active measures to control the quality of raw materials used in medical devices.
  • COVID-19 has helped in the growth of the medical polymer market. Since the start of the pandemic, the requirement for medicines and other medical products has been rising, it requires special packaging, which helped the medical polymer market to accelerate. As the pandemic is slowing down, it is estimated that the medical polymer market remains significant in the forecasted period, owing to the growing medical conditions and surgeries worldwide.

Key Trends by Market Segment:

By Product: Fibers & resins segment held the largest market share of the global medical polymer market in 2021, owing to its extensive usage in various applications.

  • Fibers & resins include multiple sub-segments including polypropylene, polyethylene, polystyrene, and others. Polycarbonate polymer provides high chemical and electrical resistance, which assists them to replace metal and glass in medical products.
  • Increased usage of resins in numerous medical applications such as spinal implants, cranial injuries, hip, and joint replacements, and others.

Demand for Medical Polymer in Industrial Sector

For more information, request a free sample https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MTUw

By Processing Method: The extrusion blow molding segment accounted for the largest market share in 2021, owing to the easier and cost-effective process.

  • Extrusion blow molding is used to create medium to large hollow parts with complex geometries or highly technical equipment such as DEF tanks, HVAC ducts, lawn mower seats, and others.

By Application: The medical component application segment held the largest market in 2021, owing to an increased usage of polymers in medical equipment and devices.

  • Polymer and polymer matrix composite helped the healthcare and medical industry to provide quality services, with multiple benefits such as enhanced safety, maintaining sterility, and others.
  • Suring in the usage of polymer in surgical instruments, diagnostics equipment, medical tubing, molded components, and others.

By Geography: North America accounted for the largest market share within the global medical polymer market in 2021, owing to the rising geriatric population, and surging government initiatives and programs towards the medical sector.

  • The rising geriatric population and surging chronic diseases in the region, are likely to fuel the demand in the medical polymer market.
  • Increasing government initiatives and investment in the medical and healthcare sector, along with the growing home healthcare market are expected to boost the demand for medical devices. Increased demand for medical equipment and devices, is likely to positively impact the medical polymer market.

For more information, request a free sample https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MTUw

Competitive Landscape:

The global medical polymer market is significantly competitive with ~100 players which include globally diversified players, and country-niche players as well as a majority number of regional players having their niche in medical polymer manufacturing multiple products for various medical applications.

Regional players held the largest share by competitor type. While large global players constitute about 15%. Some of the major players in the market include BASF SE, Evonik Industries AG, Covestro AG, Kraton Corporation, Eastman Chemical Company, SABIC, Celanese Corporation, DSM, Arkema, INEOS, and others.

global medical polymer market

For more information, request a free sample https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MTUw

Recent Developments Related to Major Players

  • In July 2021, Celanese Corporation announced an expansion of its Florence, Kentucky research and development center with the addition of a Pharmaceutical Drug Delivery Feasibility Lab.
  • In February 2020, Clariant launches a medical polymer compound resistant to hydrolytic degradation.
  • In April 2018, BASF has started up a new production line for its high-temperature resistant thermoplastic Ultrason (Polyarylsulfone) at its site in Yesou, Korea.

Conclusion

The global medical polymer market witnessed significant growth during the period 2017-2021, owing to the increasing number of chronic diseases, and growing geriatric populations worldwide. The growth rate is expected to remain significant during the forecast period.

Though the market is significantly competitive with ~100 participants, the majority of regional players dominate the market share by type, and global players hold a significant market share.

Note: This is an On-Demand/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

Ken Research has recently published report titled, Global Medical Polymer Market Size, Segments, Outlook, and Revenue Forecast 2022-2028 that segments the market into In addition, the report also covers market size and forecasts for the four regions in the medical polymer markets. The revenue used to size and forecast the market for each segment is US$ billion.

Market Taxonomy

By Product

  • Fibers & Resins
  • Medical Elastomers
  • Biodegradable Polymers
  • Others

By Processing Method

  • Blow Fill Seal
  • Injection Stretch Blow Molding
  • Extrusion Blow Molding
  • Others

By Application

  • Medical Device Packaging
  • Medical Components
  • Wound Care
  • Orthopedic Soft Goods
  • Implants
  • Others

By Geography

  • North America (USA, Canada, Mexico)
  • Europe (Germany, UK, France, Spain, Italy)
  • Asia Pacific (China, Japan, South Korea, India, Australia)
  • LAMEA (Latin America, Middle East, Africa)

Key Players

  • BASF SE
  • Evonik Industries AG
  • Covestro AG
  • Kraton Corporation
  • Eastman Chemical Company
  • SABIC
  • Celanese Corporation
  • DSM
  • Arkema
  • INEOS

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

Global Medical Polymer Market: Ken Research

Follow Us

LinkedIn | Instagram | Facebook | Twitter | YouTube

Wednesday, December 7, 2022

Internet User Penetration and Vision 2030 is helping the KSA Personal Finance Market grow since the past 5 years: Ken Research

 Buy Now

  1. Internet User Penetration has increased significantly over the last few years at a CAGR of 7.1%

The internet user penetration in KSA has risen significantly from 2017 to 2021. The Personal Finance Market in KSA is thriving to grow at a faster pace as people prefer to buy online much more now and proper marketing can provide the players in the market with an opportunity to grow.

KSA Personal Finance Market

  1. Saudi Arabians have been taking personal loans more than ever before for different purposes.

KSA Personal Finance Market

The KSA Personal Finance Market is seen to be on the rise as the people of Saudi Arabia take much more loans. The majority of Saudi Arabians take personal loans for purpose of wedding which accounts for the majority of the loans taken at 40% followed by loans for renovation & home improvements and consumer durables.

  1. With loans being taken, the outstanding credit can be seen rising rapidly at a CAGR of 8.5%.

KSA Personal Finance Market

Get the Free Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MTg2

The overall outstanding credit has risen significantly over the period of 2017-2021 which has allowed the KSA Personal Finance Market to grow, mainly due to growing consumption needs of Saudis. The average household consumption expenditure has exhibited strong signs leading to the growth of personal finance market.

Tuesday, December 6, 2022

Egypt Auto Finance was one of the few emerging market countries that experienced a positive growth rate of 31.5% in 2020 from 27.7% in 2016: Ken Research

 Buy Now


1.  The 25-34 age bracket in Egypt is the biggest potential buyer of cars, with 57.1% of potential buyers being female because of the growing female workforce in the country   

potential car buyers

  • In 2021 females accounted for major potential buyers of cars in Egypt contributing 57.1% due to increasing female workforce in Egypt.
  • Egyptian women whose ages range from 15 to 65 participate in the labor force by 22.9 %.
  • Egypt’s vision aims to increase this participation of women in the workforce until it reaches 40% by 2030.
  • High and medium-income groups dominate the race for potential car buyers, higher-income groups contribute ~40% of potential buyers while medium-income groups contribute ~30%.
  • High income groups generally purchase luxury cars.

Request For Free Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MTUy

2.  Banks, NBFCs, Leasing companies have been the key stakeholders in Egypt Auto Finance Market

Banks and NBFCs

  • No bank in Egypt finances corporate or commercial vehicles. NBFCs (under micro financing) are major players which finance motor bikes and golf carts.
  • Leasing companies give loan only under a company name and not individual name.
  • More than 191K Passenger cars were sold in Egypt which added a huge growth in auto loan market. No of households who are eligible to buy a car (25.1 Mn) present a favourable opportunity of auto finance in Egypt.
  • Increased income level & job opportunities have motivated lower income group consumers to prefer personal vehicles over public transport.

Ask For Customization @ https://www.kenresearch.com/ask-customization.php?Frmdetails=NTk2MTUy

3.  Auto finance market in Egypt is anticipated to grow at 13% CAGR in the forecasted period backed by growth in sales and financial penetration

Market Size by Outstanding Loan

  • Financial Penetration is anticipated to increase, while share of down payment will continue to decline backed by improvement in financial access and better offerings by financial institutions.
  • Digital financing in Egypt will become the future due to reduction in cost of financial intermediation for banks and fintech providers, customers will increasingly become comfortable in digital environments, and most carry mobile devices with them wherever they go.
  • Several fin-tech start-ups are also projected to enter the landscape which could pose a threat to conventional finance companies and banks. These start-ups would commonly work towards developing products to develop the digitalization of the banking sector.
  • Banks and Captives are focused to develop their share in the used cars segment; also new NBFCs are expected to enter the competitive landscape to cater to the growing requirement of vehicle financing in the country.

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

Egypt Auto Finance Market

KSA Robo Advisory Market is estimated to grow at a positive CAGR of 52% in between 2022E and 2026F: Ken Research

Buy Now

Focused on influx of AI technology along with growing demand for financial inclusion and affordability in financial planning.

Increasing Digitalization:  The increase in digitalization has completely transformed the human advisory process into digital solution platforms known as Robo-Advisors, which has also given the next digital generation a chance to establish more elaborate solutions to model customer’s preferences & enable higher customization of investment portfolio in a fully automated process and with the large numbers of HNWIs and a relatively young and tech-savvy population, GCC countries are ideally placed to foster the development of Robo-advisory services. Digitalization has also made the Robo-Advisory platforms easy to use, simple & straightforward which has reduced the stress making it easily accessible than other wealth management advisors.

Minimal Investment: With zero or near to zero minimum balance technology-enhanced Robo-Advisors are accessible in the market which makes it a cost-efficient investment solution and providing a easier way to secure a small investment from the banks as well. Robo-advisors are Low-cost investment platforms making it easy for KSA residents to save money and they are also cheaper as compared to traditional (human) financial advisors which typically charge more than 1% per year of AUM whereas Robo-advisors charge less than 1% per year of assets under management.

Changing Investor Preference: Digital technology has changed customer expectations at a rapid pace over the past five years. Consumers today prefer the convenience of managing everything online, primarily the reason for digital transformation within the global financial services industry. Nearly 40% of firms identified accessibility as the main investor driver for using Robo-Advice services which has changed the investor preference, making it an attractive market for the investors. Furthermore, the acceleration of digital investment advice through scalable robo-advice solutions has also forced the traditional wealth management firms to also look towards the robo-advisory solutions.

Analysts at Ken Research in their latest publication KSA Robo-Advisory in Wealth Management Market Outlook to 2026F- Driven by influx of AI technology along with growing demand for financial inclusion and affordability in financial planning by Ken Research observed that KSA Robo Advisory market is in the nascent phase. The Increasing Digitalization, requirement of minimal investment, impact of covid-19 and change in investor preference, are some of the factors that has contributed to the KSA robo-advisory market growth. It is expected that KSA Robo-Advisory Market will grow at a CAGR of ~52% for the 2022-2026F forecasted period.

Key Segments Covered

KSA Robo Advisory Market:

  • By Type (by Revenue), 2022 & 2026F:
  • Hybrid Robo Advisors
  • Pure Robo Advisors
  • By End-User (by Revenue), 2022 & 2026F:
  • Retail Investor
  • High Net Worth Individuals
  • By Age-group (by Revenue), 2022 & 2026F:
  • 19-28 years
  • 29-38 years
  • 39-45 years
  • 45+ years
  • By Region (by Revenue), 2022 & 2026F:
  • Riyadh
  • Makkah
  • Eastern Region
  • Others

Key Target Audience

  • Government and Institutions
  • New Market Entrants
  • Investors
  • Wealth Management Companies
  • Robo-Advisory Companies
  • Investment Banks
  • Investors

Get the Free Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MTkz

Time Period Captured in the Report:

  • Historical Period: 2019-2021
  • Base Year: 2022
  • Forecast Period: 2022 – 2026F

Companies Covered:

  • Abyan Capital
  • Derayah Capital
  • Tamra Capital
  • Haseed

Key Topics Covered in the Report:

  • KSA Country Overview
  • KSA Population Analysis
  • KSA Wealth Management Market Overview
  • Ecosystem of KSA Robo-Advisory in Wealth Management Market
  • Timeline of Major Players in KSA Robo-Advisory in Wealth Management Market
  • Business Cycle and Genesis of KSA Robo-Advisory in Wealth Management Market
  • Value Chain Analysis/ Existing Business Model
  • KSA Robo-Advisory in Wealth Management Market Size
  • KSA Robo-Advisory in Wealth Management Market Segmentation by Type and End User, 2022
  • KSA Robo-Advisory in Wealth Management Market Segmentation by Region, 2022
  • End User Profiling by Age of Customer, 2022
  • Decision Making Parameters of End Users in KSA Robo-Advisory in Wealth Management Market
  • Customer Pain Points in KSA Robo-Advisory in Wealth Management Market
  • Key Factors Influencing Robo-Advisory Services Purchasing Decisions and Cost Components
  • Porter’s Five Forces Analysis of KSA Robo-Advisory in Wealth Management Market
  • Growth Drivers of KSA Robo-Advisory in Wealth Management Market
  • Trends and Developments in KSA Robo-Advisory in Wealth Management Market
  • Issues and Challenges in KSA Robo-Advisory in Wealth Management Market
  • Government Rules and Regulations in KSA Robo Advisory in Wealth Management Market
  • Covid-19 Impact on KSA Robo Advisory in Wealth Management Market
  • Competition scenario of key players based on Revenue, 2022
  • Cross Comparison of Major Players in KSA Robo-Advisory in Wealth Management Market
  • Outlook and Future Projections for KSA Robo-Advisory in Wealth Management Market
  • Analyst Recommendations

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

KSA Robo-Advisory in Wealth Management Market Outlook to 2026F: Ken Research

Related Reports:

UAE Robo-Advisory in Wealth Management Industry Outlook to 2027: “Driven by influx of AI technology along with growing demand for financial inclusion and affordability in financial planning

Middle East and Africa Robo-advisory Market (2015-2023)

North America Robo-advisory Market (2015-2023)

Global Medical Tubing Market Expected to Reach Market Size of US$ 21 billion by 2028: Ken Research

 Buy Now

Medical tubing is designed for a variety of medical or pharmaceutical-related applications that allows clinicians to administer devices and fluid or liquid and gas flow. Medical tubes are made from different materials such as polyvinyl chloride (PVC), silicon, polyethylene, and others and are available in a variety of shapes and sizes to meet the demand for medical tubing in various applications.

The type of material used to manufacture medical tubing plays an important role as incompatibility of material can lead to chemical alteration of medicines or drugs, binding of chemical or drug delivery to the patient, and other serious issues. Medical tubing has become the most supportive apparatus in the modern medical and healthcare industry.

According to Ken Research Analysis, the Global Medical Tubing Market is expected to record a positive CAGR of ~11% during the forecast period (2022-2028) and is expected to reach nearly US$ 21 billion by 2028, owing to an increase in advancement in drug delivery system along with the rising prevalence of various diseases such as cardiovascular, respiratory, and other diseases.

global-medical-tubing-market-revenue

The growing demand for minimally invasive procedures and the rising prevalence of diseases are some of the factors driving the market growth.

  • The increasing demand for minimally invasive medical procedures over conventional surgical procedures, as these ensure benefits like low cost, quick recovery time, and lesser duration of hospital stays, is likely to boost the demand for the medical tubing market globally.
  • The rising cases of various diseases including respiratory disease, cardiovascular diseases, digestive disorders, and others increase the demand for medical tubing as it requires complex surgeries, which is expected to aid the growth of the global medical tubing market.

The global medical tubing market faces challenges due to significant investments and delays in regulatory approvals for medical tubing.

  • The requirement of high investment for manufacturing medical tubing and intensive research and development process along with stringent regulation on medical tubing and delay in regulatory approvals is the most significant barrier to the growth of the global medical tubing industry.

The COVID-19 pandemic positively impacted the medical tubing market as the demand for equipment with tubing apparatus including infusion pumps, ventilators, and others increased along with the high prevalence of COVID-19 illness, which affected the lungs and other respiratory problems and significantly boosted the demand for medical tubing. In September 2020, according to World Health Organization (WHO), more than 32.7 million COVID-19 cases and 991,000 deaths had been reported.

Request For Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MDIx

Key Trends by Market Segment

By Material:  Polyvinyl Chloride (PVC) segment held the largest share of the Global Medical Tubing Market in 2021, owing to its wide usage with several medical devices as PVC is inert, non-toxic, versatile, and easy to manufacture.

  • PVC medical tubes are comparatively more flexible and can be sterilized using the ethylene oxide sterilization method or using irradiation.

According to PVCMed Alliance, PVC offers excellent chemical resistance, durability, affordability, and low maintenance cost and is known as the most versatile material. In addition, one of the main applications of medically approved PVC is flexible medical tubing.

global-medical-tubing-market-revenue-share-by-material

By Structure:  Single-lumen segment held the largest share of the Global Medical Tubing Market in 2021, attributed to the wide application of single-lumen structures of medical tubing in drainage catheters, intravenous lines (IV), urology, delivery of anesthesia, and others.

  • Single-lumen medical tubing is best for decompression. An increase in research on the use of single-lumen tubing in medical cases is anticipated to propel the growth of the segment in the market.
  • In January 2021, according to National Center for Biotechnology Information (NCBI), a research study showed that usage of a single lumen tube (SLT) along with extraluminal bronchial blockers is a convenient option for fiber optic bronchoscope examination, sputum suction, and management of one-lung ventilation (OLV) in severe tracheal stenosis cases.

By Application: The bulk disposable tubing segment held the largest share of the Global Medical Tubing Market in 2021, due to increased focus on the prevention of the spread of infection from one patient to another.

  • The demand for bulk disposable tubing suddenly increased during the COVID-19 pandemic to decrease the risk of infection by using disposable products including medical tubing.
  • In November 2020, Olympus launched single-use Procedure Kits and Hybrid Tubing. The new product launch aimed to offer products that reduce the chances of cross-contamination and prevent infection in patients.

Request For Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MDIx

By End-User: The hospital segment accounted for the largest share of the Global Medical Tubing Market in 2021, owing to the accessibility of the latest equipment and increasing cases of cardiovascular, respiratory, and digestive diseases, and other diseases.

  • In April 2020, hospitals and governments raised the alarm regarding the shortage of ventilators due to the widespread use of breathing machines for COVID-19 patients. The COVID-19 patients were on respiratory support and the lack of ventilators has increased its demand along with medical tubing to offer them proper patient care.

global-medical-tubing-market-revenue-share-by-end-users

By Geography: North American region accounted for the largest share of the Global Medical Tubing Market in 2021, due to the presence of a large number of medical tubing manufacturers in the region along with the increase in the geriatric population, especially in the USA and Canada.

  • An increase in government expenditure for developing and upgrading healthcare infrastructure is anticipated to augment the growth of the region in the market.
  • In July 2022, DuPont opened a new biopharma tubing manufacturing site named DuPont Liveo Healthcare in the USA. The company aims to cater to the rising healthcare demand of the end-users in the country.

Asia-Pacific is the fastest-growing region in the Global Medical Tubing Market due to the rising prevalence of diseases such as chronic diseases, urological ailments, gastrointestinal diseases, and others along with the increase in healthcare expenditure and growing popularity of minimally invasive treatments.

global-medical-tubing-market-major-regions

Competitive Landscape

The medical tubing market is highly competitive with ~250 players that include globally diversified players, regional players as well as a large number of country-niche players having their niche in medical tubing.

Regional players comprise ~40% of the total competitors and also hold the largest share of market revenues, while the global players hold the second largest share of the market revenues. Some of the major players in the market include Compagnie de Saint-Gobain S.A., Teleflex Incorporated, Optinova, Zeus Company Inc., The Lubrizol Corporation, Nordson Corporation, Putnam Plastics, RAUMEDIC AG, Tekni-Plex, Inc., and Smith Group plc. among others.

Request For Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MDIx

The leading global medical tubing companies such as Compagnie de Saint-Gobain S.A., Nordson Corporation, Teleflex Incorporated, and Tekni-Plex, Inc. are highly focused on inorganic strategies including acquisition, partnerships, and others to hold their position in the market.

global-medical-tubing-market-competitive-landscape

Key Topics Covered in the Report

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

Major Companies Profiled in the Report

  • Compagnie de Saint-Gobain S.A.
  • Teleflex Incorporated
  • Optinova
  • Zeus Company Inc.
  • The Lubrizol Corporation
  • Nordson Corporation
  • Putnam Plastics
  • RAUMEDIC AG
  • Tekni-Plex, Inc.
  • Smith Group plc.

Notable Emerging Companies Mentioned in the Report

  • Freudenberg Medical
  • Braun Medical Inc.
  • Spectrum Plastics Group
  • Bentec Medical
  • Trelleborg AB

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

  • Pharmaceutical Manufacturers
  • Medical Device Manufacturers
  • Pharmaceutical Suppliers
  • Medical Device Suppliers
  • Medical Tubing Manufacturers
  • Medical Tubing Distributors
  • Pharmaceutical Associations
  • Healthcare Products Regulatory Bodies
  • Ministries and Departments of Healthcare
  • Healthcare Investors
  • Pharmaceutical Logistics Service Providers
  • Potential Investors in Medical Tubing Companies
  • Medical Tubing R&D Companies
  • Raw Material Suppliers for Medical Tubing Companies

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 Medical Tubing Market

Global IoT Microcontroller Market Projected to Reach Market Size of US$ 6 billion by 2028: Ken Research

 Buy Now

A microcontroller unit (MCU) is a compact, self-contained computer that comprises a single integrated circuit, or a microchip. Internet Of Things (IoT) Microcontrollers are designed to perform specific functions and can be integrated with most other devices ranging from industrial equipment, warehouse inventory items, and wearables devices, to home appliances, and others.

IoT Microcontrollers are used in a wide array of systems and devices. Devices often utilize multiple microcontrollers integrated within them to handle their respective tasks. According to Ken Research analysis, the IoT Microcontroller Market was valued at US$ 2 bn in 2017. It is estimated to reach a market size of ~US$ 3 bn by 2022 and is projected to reach ~US$ 6 bn by 2028. It is expected to record a CAGR of ~12% during the forecast period, due to the increasing number of IoT connections among consumer and enterprise sectors and the need for low-power, high-performance, and energy-efficient connected products.

global-Iot-microcontroller-market-revenue

Development of internet connectivity and IT infrastructure in technologically developing economies and microcontroller unit miniaturization is expected to lead to the growth of the IoT Microcontroller Market during the forecast period.

  • The increasing demand for low-cost, smart wireless sensor networks and the development of IT infrastructure in technologically developing countries are anticipated to have a major impact on market growth. Further, the growing number of IoT connections and increasing demand for low-power, energy-efficient connected products are other salient factors boosting its demand and growth.
  • Moreover, the growing popularity of IoT is expected to provide a significant boost to the market in the near future. In the current scenario, IoT has witnessed a wide range of applications including industrial automation, smart appliances, smart grids, and smart cities, which is anticipated to fuel the market growth significantly during the forecast period. In addition, the rising popularity of fitness apps and increasing awareness about physical fitness in emerging countries such as; India, China, and Indonesia are likely to drive the adoption of wearable technology, thereby expanding the IoT market size during the forecast period.

Manufacturers’ failure in establishing advanced IoT microcontrollers and the high-power consumption and energy efficiency of IoT devices creates challenges for the growth of the IoT Microcontroller Market.

  • The manufacturers of IoT microcontrollers engage in extensive research and innovation to develop advanced systems. However, the substantial research and innovation costs associated with the IoT microcontroller development include its integration with the changing structural landscape of IoT devices.
  • The IoT market is flourishing, and as a result, the majority of enterprises are approaching the IoT microcontroller market. However, the industry faces significant challenges in profitability and establishing new technology in the market. In addition, a considerable number of startups in the sector are projected to enter the market, increasing the competition.

Request For Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MDI4

COVID-19 facilitated growth in electronic equipment due to remote work. The COVID-19 pandemic witnessed a boost in remote working electronic equipment, which shifted the focus of semiconductor manufacturing units to produce more equipment for the same.

This turned the focus from other vital industries to count on microcontrollers and semiconductor chips, like automotive and industrial automation. However, the disruption in the supply chain and shortage of semiconductor chips posed challenges. The IoT industry is changing rapidly the supply chain allocation to revive the companies affected by COVID-19.

Key Trends by Market Segment

By Product: 32-bits segment dominated the IoT Microcontroller by product segment in 2021 and is also expected to maintain its dominance during the forecast period.

  • 32-bits microcontrollers are capable of handling arithmetic operations of 32-bit values and thus it is faster as compared to other microcontrollers such as 8-bits and 16-bits. Moreover, a 32-bit microcontroller takes fewer instruction cycles to execute a function due to its wider data bus. Thus, companies have been persistent, launching 32-bit microcontrollers owing to the rising IoT requirements.
  • 32-bit microcontrollers process multiple devices simultaneously which is efficient and is extensively used in factory automation, grid infrastructure, and building automation applications.

Iot-microcontroller-market-share-by-product

By Application: Smart Homes segment accounted for the majority share of the Global IoT Microcontroller Market by application in 2021 and is also expected to showcase the highest growth rate during the forecast period (2022-2028).

  • The tech-enabled applications are increasing and provide numerous opportunities for businesses, and IoT for smart homes. The integration of IoT in smart homes has enabled easy control and monitoring, enhanced security, efficiency, cost and energy saving, and comfortable living.
  • The IoT extensively improves the capability to control and cover all of the home's processes. Apart from lowering bills, energy savings help to reduce the negative impact on the environment. Thus, the smart homes application has the utmost use of IoT technology, creating a high demand for IoT microcontrollers.

By End-user: The automotive segment held the largest market share in Global IoT Microcontroller Market in 2021.

  • The introduction of new technologies in the automotive industry has encouraged the involvement of semiconductors and microcontrollers. According to IEEE Explore, an average of more than 50 microcontroller units (MCUs) are used in vehicles. The addition of connected tech, AI, self-driving, and other IoT services has created enormous demand for the deployment of MCUs.
  • Autonomous vehicles and sensor-driven safety features like automatic brakes, collision avoidance systems, and others, are the factors driving the future of automobiles, incorporating MCUs. The MCUs covering sensors related to each function offer original computing followed by temporary data storage and transfer to the master controlling units or remote servers.

Iot-microcontroller-market-share-by-end-user

By Geography: The Asia Pacific accounted for the largest share among all regions within the total Global IoT Microcontroller Market, in 2021.

  • Asia Pacific region has been a significant hub for semiconductor manufacturing and semiconductor-based devices. The region is home to some of the most prominent electronics devices and automotive manufacturing companies. Hence, the area contributes significantly through various applications of IoT microcontrollers such as automotive, industrial automation, healthcare IT, consumer electronics, robotics, and other end-user industries.
  • Asia Pacific hosts contract-based semiconductor manufacturers like Taiwan Semiconductor Manufacturing Company (TSMC). TSMC manufactures the microcontrollers sold by significant market players, like NXP Semiconductors, Texas Instruments, and STMicroelectronics, among others. Other regional manufacturers comprise Foxconn, MediaTek, Qualcomm, and others, contribute significantly to the region's growth.

Request For Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MDI4

global-Iot-microcontroller-market-major-regions-revenue-share

Competitive Landscape

The Global IoT Microcontroller Market is highly competitive with ~200 players which include globally diversified players, regional players as well as a large number of country-niche players each with their niche in IoT technologies. The IoT Microcontroller market's growth is heavily reliant on IoT-based applications. Numerous IoT microcontroller companies, including Broadcom, Holtek Semiconductor Inc., Infineon Technologies, and Microchip Technology Inc. are extensively investing in research and development to develop new technologies in IoT.

Country-niche players constitute ~50% of the competitors while regional players constitute ~35%. Some of the major players in the market include Broadcom, Holtek Semiconductor Inc., Infineon Technologies, Microchip Technology Inc., Nuvoton Technology Corporation, NXP Semiconductors, STMicroelectronics, Renesas Electronics Corporation, Silicon Laboratories, Texas Instruments Incorporated among others.

global-Iot-microcontroller-market-competitive-landscape

Key Topics Covered in the Report:-

Snapshot of Global IoT Microcontroller Market

Industry Value Chain and Ecosystem Analysis

Market size and Segmentation of the Global IoT Microcontroller Market

Historic Growth of the Overall Global IoT Microcontroller Market and Segments

Competition Scenario of the Market and Key Developments of Competitors

Porter’s 5 Forces Analysis of the Global IoT Microcontroller Industry

Overview, Product Offerings, and SWOT Analysis of Key Competitors

COVID-19 Impact on the Overall Global IoT Microcontroller Market

Future Market Forecast and Growth Rates of the Total Global IoT Microcontroller Market and by Segments

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

Analysis of the IoT Microcontroller Market

Major Production / Consumption Hubs in the Major within Each Region

Major Production/Supply and Consumption/Demand Hubs within Each Major 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

Major Players Mentioned in the Report:-

Broadcom

Holtek Semiconductor Inc.

Infineon Technologies

Microchip Technology Inc.

Nuvoton Technology Corporation

NXP Semiconductors

STMicroelectronics

Renesas Electronics Corporation

Silicon Laboratories

Texas Instruments Incorporated

Emerging Companies Mentioned in the Report

Green Waves Technologies

Codasip

Finite State

Cartesian

Blues Wireless

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

Semiconductor Chip Manufacturers

Raw Material Suppliers for Microcontrollers

Microcontrollers R&D Concept & Design Companies

Semiconductor Packaging Companies

Semiconductors Test & Inspection Companies

Environmental Regulations Authorities

Semiconductor Alliances and Associations

Software Developers for Microcontrollers

Industrial and Home Automation Device Companies

Market Research & Consulting Organizations

Equipment Manufacturers & OEMs for Electronics & Semiconductor Industry

Investors Related to Semiconductor Industry

Investors Related to IoT and IT Industry

Electronics Procurement Enterprises

Government Ministries and Departments of Electronics

Electronics Industry Regulatory Authorities

Time 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 IoT Microcontroller Market

Global Composites Market is expected to record a positive CAGR of ~8% during the forecast period 2022-2028: Ken Research

 Buy Now

A composite is created from two or more constituent materials. These constituent materials are combined to produce a substance with characteristics that are distinct from the constituent parts despite having chemical or physical qualities that are noticeably different. Composites are being increasingly adopted in different industries including electrical & electronics, automotive & transportation, wind energy, aerospace & defense, construction & infrastructure, and others.

According to Ken Research Analysis, the Global Composites Market is expected to record a positive CAGR of ~8% during the forecast period (2022-2028) and is expected to reach approximately US$ 120 billion by 2028.

Global Composites Market

The desirable performance of composites as well as the high adoption of composites in various end-user industries owing to their properties is positively impacting the market growth.

  • Customers' needs for a wide range of intricately engineered parts, design patterns, and structures are met through the use of composite materials. The product supports several sectors, including wind power, consumer goods, automotive, aerospace, and the maritime sector. Different materials are used in a variety of ways by these businesses. Regulations, consumer demand, cost criteria, and part performance requirements all influence this usage. For instance, there are significant differences between the materials, costs, and process technology used in the aerospace sector and the car industry. Due to their diversity, these materials can satisfy this wide range of demands. For instance, there are resins, a variety of fibers, equipment, process, and finishing options that can be used to fabricate almost any item for any application.

Concerns about improper disposal and recycling of composite products as well as the high production cost of composites limit the market growth.

  • Composites recycling and disposal raise problems that need to be resolved. One such problem relates to carbon fiber composites used in hexavalent chromium primer-coated end-of-life aircraft structures. Due to the possibility of the hexavalent chromium in these composites seeping into the ground, they may be categorized as hazardous waste and cannot be disposed of on land.

The COVID-19 outbreak had a huge impact on supply chains since key economies had to halt commerce. Additionally, the demand for composites had decreased across a range of end-use industries, including aerospace, automotive, and construction. However, the situation improved in 2021 due to the removal of trade barriers, which restored the market's growth trajectory.

Key Trends by Market Segment

By Fiber Type: The carbon fiber composites segment held the largest Market share in the Global Composites Market in 2021.

  • Carbon atoms are bonded in parallel crystals to create carbon fiber, which is then combined with other materials to create composites. Due to their beneficial characteristics, including high stiffness, low thermal expansion, good chemical resistance, high-temperature tolerance, and low weight, these fibers are used in industrial and manufacturing applications.
  • The strength and endurance of these Composites have been improved due to technical improvements, which have expanded their penetration in pipe production applications. The market is expected to be supported throughout the forecast period by rising demand for high-strength materials in the automotive and aerospace sectors.

Global Composites Market

By Resin Type: The thermoset composites resin type segment held the largest share of the Global Composites Market in 2021.

  • The significant growth in demand for thermoset composites in sectors of aerospace, transportation, and defense is boosting the market growth. Glass, carbon, and aramid fibers are the usual building blocks of thermoset composite, which is frequently mixed with resins such as epoxies, phenolics, vinyl esters, polyesters, cyanate esters, and polyimides.

By End-User: The automotive & transportation end-user segment held the largest share of the Global Composites Market in 2021.

  • Over the foreseeable term, this market segment is likely going to continue to lead. The transportation industry benefits from composites since the components are much lighter in weight, increasing fuel economy.
  • It is anticipated that rising consumer and industry demand for high-tech electronics would increase demand for composite materials. Terminal boxes, electrical enclosures, lamp housings, sockets, plugs, and parts for the distribution of energy are some of the electrical and electronics applications for composites that are most frequently used.

Global Composites Market

By Manufacturing Process: The layup process segment held the largest share of the Global Composites Market in 2021.

  • The layup method dominated the market and generated a sizeable portion of revenue when it came to the production of composites. Over the course of the forecast period, rising production of boats, wind turbine blades, and architectural moldings are anticipated to propel the growth of the layup process sector in the worldwide composites market.
  • Over the course of the projection period, rising output in the automotive and marine industries is anticipated to provide growth chances for the filament winding process. Golf club shafts, car drive shafts, tiny aircraft fuselages, spaceship structures, pressure vessels like firefighter oxygen canisters, and other products have all been made possible by improvements in the filament winding process.

Request for Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MTA5

By Geography: Asia Pacific accounted for the largest market share in 2021 within the total Global Composites Market.

  • Historically, Japan, North America, and Europe dominated the glass fiber and carbon fiber composites market. However, there has been a noticeable trend in recent years toward the developing economies in Asia Pacific and the rest of the world.
  • For instance, the significant demand for low-cost carriers has raised the market for glass fiber and carbon fiber composites in the aircraft, wind energy, and transportation sectors in rising nations like India, Brazil, and China. China, whose rapid industrialization is anticipated to meet the growth in demand, has started several research projects involving glass fiber and carbon fiber composites.

Global Composites Market

Competitive Landscape

The Global Composites Market is highly competitive with ~500 players which include globally diversified players, regional players as well as a large number of country-niche players.

Large global players hold the highest market share of 45% which is followed by the regional players holding a 30% share. Some of the major players in the market include Huntsman Corporation LLC, SGL Group, Teijin Ltd., CooperVision, DuPont, Owens Corning, Toray Industries, Inc., Mitsubishi Chemical Holdings Corporation, Solvay, Exel Group, DOW, and others.

Recent Developments Related to Major and Emerging Companies

  • In September 2019, Solvay, at its USA facility in Anaheim, California, increased its capacity for thermoplastic composites by adding a new production line for meeting the strong demand growth from aerospace customers for this high-performance material and Solvay's proprietary and distinctive technology.
  • In July 2021, Hexcel, a leader in advanced composites technology, reported that a lightweight camera drone it built utilizing Hexcel HexPly carbon fiber prepregs completed its first flight. A group of students from the University of Applied Sciences Upper Austria in Wels created the composite drone using components provided by Hexcel Neumarkt in Austria.

    Global Composites Market

  • In September 2019, the acquisition of Ashland Global Holdings Inc.'s composites business by INEOS Enterprises had been announced. A BDO office in Germany is also part of the acquisition. The companies involved in the transaction generate more than US$1.1 billion in annual sales. Over 19 locations in Europe, North and South America, Asia, and the Middle East, have 1,250 employees.

Key Topics Covered in the Report

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

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

3 Key Insights on US$ 120 Bn Opportunity in the Global Composites Market: Ken Research