Oman Lubricants Market is forecasted to grow further into USD ~ Bn opportunity by 2027F: Ken Research

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Oman’s Growing Construction Sector: The Sultanate of Oman's real estate market is expected to continue move forward rapidly and favorably as a consequence of major attention of investors directed towards real estate in Oman. The Omani government places a higher priority on housing affordability and accessibility. The "Homes for All Citizens" campaign stimulated demand for low-cost homes, resulting in much-needed liquidity in the market. Leading to more construction works and more demand for lubricants in the construction sector.

Oman Automotive Lubricants Market: Lubricants are frequently utilized in automotive applications such as transmission and heavy-duty diesel engine oils for passenger automobiles. Lubricants are also employed in various auto operations, such as the movement of chains and pistons. The Oman automotive market is expected to grow at alarming rates in the coming years. Rising oil production, increased building and infrastructure development activities, and rising promotional offers such as low or zero percent financing rates, cash gifts, and extended insurance and service plans are likely to drive up automotive sales in the nation throughout the projection period.

Higher charges levied on Lubricant Marketing Companies: Since 2009, all oil marketing businesses in Oman have been required to pay the Omani government a licencing fee of 0.004 baiza (one thousandth of a rial) for every Omani rial earned. The charge has put pressure on margins, resulting in a significant impact on the lubricants industry. Prices in the retail and commercial sectors are set by oil marketing corporations, whereas prices in the aviation and marine sectors are impacted by international market prices.

Analysts at Ken Research in their latest publication "Oman Lubricants Market Outlook to 2027F" Driven by Growth in Crude Oil Import and Rising Sales of vehicles in the Country” by Ken Research observed the potential of Lubricant Market Outlook in Oman. The rise in industrial sector, along with increase in transportation, industrial and mining services and also increase in heavy duty vehicles, implementation of favorable government rules & regulations is expected to contribute to the market growth over the forecast period. The Oman Lubricant Market is expected to grow at ~% CAGR over the forecasted period 2023-2027F.

Key Segments Covered in the report

Oman Lubricants Market, 2017-2027F

By Type of Lubricant

• Industrial Lubricant
• Automotive Lubricant
• By Grade of Lubricant
• Mineral
• Semi-Synthetic
• Synthetic

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Oman Industrial Lubricants Market Segmentations

• By Type of Industrial Lubricant (2022 & 2027)
• Process oil
• Hydraulic oil
• Gear oil
• Grease
• By Type of end use of industrial lubricant (2022 & 2027)
• General manufacturing
• Metal & mining
• Construction
• Power generation
• By Type of distribution channel in industrial lubricant (2022 & 2027)
• Dealers and distributors
• Direct sales

Oman Automotive Lubricants Market Segmentations

• By Type of automotive lubricant (2022 & 2027)
• Heavy duty diesel engine oil
• Motorcycle oil
• Passenger vehicle motor oil
• Grease

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• By Type of end use of automotive lubricant (2022 & 2027)
• Commercial vehicles
• Motor cycle
• Passenger cars
• Marine
• Aviation

• By Type of distribution channel in automotive lubricant (2022 & 2027)
• Dealers and distributers network
• OEM workshops and service station
• Online retail

Key Target Audience

• Lubricants Manufacturers
• Lubricants Distributors Refining Companies
• Construction and Mining Industry
• General Manufacturing Industry
• Metal Production Industry Base-oil Companies
• Additive Companies
• Metal Production Industry
• Power Generation Industry
• Food Processing Industry
• Agriculture Industry
• Medical Industry
• Automotive OEMs
• Automotive Dealerships
• Government Agencies
• Consulting and Advisory Firms

Time Period Captured in the Report:

• Historical Period: 2017-2021
• Base Period: 2022
• Forecast Period: 2023-2027F

Companies Covered:

• Oman Oil Marketing Company
• Oil industry company ( OQ)
• Hascol Petroleum
• Oryx Lubes & Greases
• Tek Kazakhstan
• Arte Bunkeringg
• Lotus Oil Oman
• BP
• Occidental
• Shell
• Total
• Partex

Key Topics Covered in the Report

• Country Overview of Oman
• Oman Trade Analysis
• Lubricants Supply and Demand Statistics
• Harvey Ball Analysis of Preferred Lubricants Companies in ASEAN Countries
• Oman Automotive Industry
• Region wise Cars and motorcycles Registration in Oman
• Cross comparison of Southeast Asian Countries on the basis of Number of Motor Vehicles and Sold by Country
• Ecosystem of major Entities in Oman Lubricants Market
• Business Cycle and Genesis of Oman Lubricants Market
• Timeline of major Players in Oman Lubricants Market
• Value Chain Analysis for Oman Lubricants Market
• Oman Automotive & Industrial Lubricants Market Segmentation
• SWOT Analysis for Oman Lubricants Market
• Porter’s Five Forces Analysis of Oman Lubricants Market
• Growth Enablers in Oman Lubricants Market
• Bottlenecks and Challenges in Oman Lubricants Market
• Trends and Developments in Oman Lubricants Market
• Oman Lubricants Market Regulations
• Tax Rates for Lubricants in Oman
• End User Analysis of Oman Lubricants Market
• Pricing Analysis of Automotive and Industrial Lubricants
• Strengths and Weaknesses of the major Industrial & Automotive Lubricant market Players
• Cross Comparison of Major Players in Oman Lubricants Market
• Covid-19 Impact on Oman Lubricant Market
• Future Outlook and market Size for Oman Lubricant Market
• Future Segmentation for Oman Industrial Lubricant Market
• Future Segmentation for Oman Automotive Lubricant Market
• Market Opportunities and Analyst Recommendations
• Analyst Recommendations
• Research Methodology

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

Oman Lubricants Market Outlook to 2027F: Ken Research

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The Nigeria Crop Protection Market is primarily driven by the increasing population and the rising demand of organic food on the market: Ken Research

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Driven by the various initiatives by the government for increasing the crop protection industry and increasing focus on food security, the crop protection market in Nigeria has ample growth potential in the coming years.

Increasing Population: In recent years, the population of Nigeria has been growing at an average rate of 2.6%. According to United Nations projections, the population of Nigeria is expected to reach over 400 million by 2050. This increasing population creates a need for greater food production, and farmers are resorting to crop protection products to increase their crop yield. In addition, with more people in urban areas, farmers are facing pressure to grow more high-value crops, such as fruits and vegetables, which are more vulnerable to pests and diseases, thus requiring more crop protection products.

Adoption of New technologies: The use of new technologies like genetically modified (GM) crops and the use of precision agriculture has boosted the crop protection market in Nigeria. GM crops are plants that have been genetically engineered to be more resistant to pests and diseases, thus reducing the need for chemical pesticides and herbicides. This technology is particularly useful for crops that are vulnerable to specific pests or diseases, such as cassava, which is a staple food crop in Nigeria and is commonly attacked by pests such as the cassava mealybug and the cassava green mite.

Furthermore, the use the precision agriculture technologies like GPS, drones and sensors has also contributed in the growth of the market. These technologies are used to gather data on crop health, soil conditions, and weather patterns and then this data is further used to create highly detailed maps of fields and to make decisions about planting, fertilizing, and pest management. These new technologies have boosted the growth in crop protection market in Nigeria.

Government Initiatives: Government has implemented many initiatives in the Nigerian crop protection market such as Presidential Fertilizer Initiative (PFI). The PFI is a government program that aims to increase the use of fertilizers and other crop inputs, including crop protection products, to improve crop yields and the productivity of the agriculture sector in Nigeria. The initiative includes the establishment of a fertilizer blending plant, which aims to produce and distribute affordable and high-quality fertilizers to farmers at reduced costs. The PFI also includes a subsidy component which aims to reduce the cost of fertilizers for farmers and make them more affordable, thus increasing the use of fertilizers and other crop inputs, including crop protection products.

Analysts at Ken Research in their latest publication “Nigeria Crop Protection Market Outlook to 2027F - Segmented by Type (Pesticides (Herbicides, Insecticides, Fungicides, others) and Bio-pesticides (Bio-chemical pesticides, Microbial Pesticides, others)) by Crop Type (Cereal, Vegetable and Forage Crops)” observed the potential of the Crop Protection Market in Nigeria. The growing population, change in eating habits, Climate change along with government initiatives are expected to contribute to the market growth over the forecast period. The Nigeria Crop Protection Market is expected to grow at ~% CAGR over the forecasted period 2023-2027F.

Key Segments Covered:-

Nigeria Crop Protection Market:

Type of Pesticides

Herbicides

Insecticides

Fungicides

Biopesticides

Others (Rodenticides, Plant Growth Regulators, Adjuvants)

Nature of Pesticides

Generic

Patented

Form of Pesticides

Liquid

Granules and Powder

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Market Structure

Organized

Unorganized

By Source

Domestic

Import

Type of Crops

Pulses and Oilseed

Grains and Cereals

Fruits and Vegetables

Commercial Crops

Turfs and Ornamental

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Key Target Audience

Crop Protection Companies

Crop Protection Associations

International Investors

Chemical Companies

International Crop Protection Companies

Venture Capitalist Firms

Agrochemical Manufacturers

Raw Material Suppliers

Research & Development Institutes

Government Bodies & Regulating Authorities

Time Period Captured in the Report

Historical Year: 2017-2021

Base Year: 2022

Forecast Period: 2023– 2027F

Companies Covered:

Bayer SA

Syngenta

BASF S.A.

Monsanto

FMC Corporation

Dow AgroSciences

Key Topics Covered in the Report

Nigeria Crop Protection Market Overview and Genesis (Overview and Genesis including Market Stage, Market Nature and Growth Drivers, Business Cycle Graph)

Nigeria Crop Protection Market Value Chain Analysis

Overview of Nigeria Agricultural Scenario (Agricultural Overview, Contribution to GDP, Planted Area and Production, Mechanization Rate, Major Crops, Climate, Challenges and Sources of Credit)

Introduction to Nigeria Crop Protection Market

Nigeria Crop Protection Market Segmentation

Trade Scenario in Nigeria Crop Protection Market (By Value, By Volume and By Countries)

Decision Making Process Used by Farmers before Purchasing Crop Protection Products

Trends and Developments in Nigeria Crop Protection Market

Issues and Challenges in Nigeria Crop Protection Market

Nigeria Crop Protection Market Regulations

SWOT Analysis Nigeria Crop Protection Market

Nigeria Crop Protection Market Competition Scenario (Competition Scenario, Strength and Weakness, Market Share, Competition Scenario of Major Players)

Nigeria Crop Protection Market Future Projection, 2022-2027F

Future Outlook of Nigeria Crop Protection Market Segmentations, 2022-2027F

Analyst Recommendations

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

Nigeria Crop Protection Market

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Egypt Auto Finance Market is expected to grow at a CAGR of ~11% between 2023F - 2027F owning to digital financing and introduction of smart contracts: Ken Research

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Egypt Automotive Finance Market is in the growing stage, being driven digital advancement, smart contracts, digital Financing and positive covid-19 impacts and government policies. There are several players in the Egypt auto finance market some of which are QNB Alahli Leasing, Global Corp, Banque Misr, ADIB, AI Bank, Al Baraka etc.

• 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
• 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.

Changing consumer preference: The demand for loans for private vehicles is expected to be greater than the commercial vehicle segment. Buyers are showing a preference for costlier vehicles, and those seeking lower costs are costing up to second-hand ones as the segment gets more organized. This is making passenger loan segment to grow. The finance penetration of new vehicle and used vehicle is expected to increase, along with surge in share of amount financed. These factors are bound to support growth in credit disbursement.

Positive Impact of COVID 19: Market is dominated by the unorganized sector, where the scope for consumer protection is on the lower side. Unorganized dealers gain the confidence of the buyers by eliminating subjective bias about sellers (which might include particular vehicle brands & models), while simultaneously easing the overall transaction.

Introduction to Smart Contracts: “Smart contracts” is the future. This would allow more secure and faster settlement of financial market transactions. These contracts use software to enable automatic triggers that allow transactions without human intervention. The digital disruptions will make the financial services process faster, cheaper, more transparent and user-friendly. It will raise the prospects of expanding financial inclusion also.

Analysts at Ken Research in their latest publication “Egypt Auto Finance Market Outlook to 2027– Driven by women drivers entering the market, digital advancements and initiatives by the Government" by Ken Research provides a comprehensive analysis of the potential of Auto Finance Market in Egypt. The rising demand for financing of cars among the population, along with Government Initiatives, is expected to contribute to the market growth over the forecast period. The Egypt Auto Finance Market is expected to grow at a robust CAGR of 11% over the forecasted period 2023F-2027F.

Key Segments Covered:-

Egypt Auto Finance Market

By Vehicle Type

Passenger

Commercial

Total

By Vehicle Age

New Vehicle

Used Vehicle

Total

By Institution

Banks

NBFCs

Total

By Tenure

1-3  years

3-5 years

5-7 years

Total

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Key Target Audience

Auto Finance Providers

Insurance companies

Car Manufacturers

financial service provider

NBFCs

fin-tech companies

Government Bodies & Regulating Authorities

Time Period Captured in the Report

Historical Year: 2017-2022

Base Year: 2022

Forecast Period: 2023F– 2027F

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Companies Covered:-

Auto Finance Providers

Banque Misr

National Bank of Egypt

Agricultural Bank of Egypt

Industrial Development Bank

Banque Du Caire

The United Bank

Bank of Alexandria

Commercial International Bank (Egypt)

Attijariwafa bank Egypt S.A.E.

Societe Arabe Internationale de Banque

Blom Bank - Egypt

Credit Agricole Egypt S.A.E

Emirates National Bank of Dubai S.A.E.

Suez Canal Bank

Qatar National Bank Alahli S.A.E.

Arab Investment Bank

AL Ahli Bank of Kuwait - Egypt

First Abu Dhabi Bank - Misr

Housing and Development Bank

Al Baraka Bank of Egypt S.A.E.

National Bank of Kuwait - Egypt(NBK)

Abu Dhabi Islamic Bank - Egypt

Abu Dhabi Commercial Bank Egypt

Egyptian Gulf Bank

Arab African International Bank

HSBC Bank Egypt S.A.E.

Arab Banking Corporation - Egypt S.A.E.

Export Development Bank of Egypt

Arab Bank PLC

Key Topics Covered in the Report:-

Egypt Auto Finance Market Overview

Ecosystem of Egypt Auto Finance Market

Business Cycle and Genesis of Egypt Auto Finance Market

Industry Analysis of Egypt Auto Finance Market

SWOT Analysis of Egypt Auto Finance Market

Key Growth Drivers in Auto Finance Market in Egypt

Major Challenges and Bottlenecks in Egypt Auto Finance Market

Regulatory Framework in Egypt Auto Finance Market

Competitive Landscape in in Egypt Auto Finance Market

Market Share of Major Auto Finance Providers in Egypt Auto Finance Market

Detailed Analysis on Egypt Auto Finance Market (Market Size and Segmentation, 2016-2022; Future Market Size and Segmentation, 2023-2027F)

Market Opportunity and Analyst Recommendations

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

Egypt Auto Finance Market

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Brazil PVC Pipes Market Analysis, Revenue, Trends, Sales, Future Outlook: Ken Research

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Brazil Plastic Pipe Market Ecosystem

Brazil Plastic Pipe Market is in the growing stage, the market is majorly consolidated. Domestic and International players coexist on the supply side in the Brazil Plastic Pipe Market.

Key Market Findings:

• Mercedes-Benz, a German auto manufacturer, announced an investment of USD 4.7 billion by 2022, which is expected to increase the demand for PVC in the country.
• In the medical devices market, PVC is primarily used for flexible tubing and containers, which are used for blood donation sets and components for urine products.
• In February 2022, Advent International Corp., a private equity firm based in Boston, announced an investment of USD 262 million in Tigre Group, a Brazilian multinational construction component manufacturing company. With this acquisition, Advent acquired 25% stake in Tigre, and the aim of this acquisition is to ramp up the infrastructure development across Brazil and the United States of America.

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Increase Use of Cable Protection: The future of the plastic pipe market in Brazil looks promising with opportunities in water and wastewater, agriculture, chemical, and electrical & telecommunication cable protection. The major growth drivers for this market are growing replacement of aging pipelines, and increasing awareness of the attractive properties of plastic pipes.

 Eco-Friendly Plastic Pipes: Emerging trends, which have a direct impact on the dynamics of the plastic pipe industry, include the usage of anti-microbial plastic pipes to improve hygiene, replacement of traditional material pipes with eco-friendly ABS (Acrylonitrile Butadiene Styrene) and PE plastic pipes, and increasing consumption of multilayer plastic pipes. Almost all sectors are adopting these trends leading to bolster the growth of plastic pipes in future.

Growing Agriculture Sector: PVC pipes are crucial for irrigation and storage of water. In this regard, the robust advancements and investments in the agriculture sector of the continent are further heightening the demand for PVC pipes in the region. The rising demand for food and beverage across Brazil owing to the rising population is further aiding the agriculture sector, thereby, adding further value to the Brazil PVC pipes market.

Analysts at Ken Research in their latest publication "Brazil Plastic Pipes Market Outlook to 2027F" provides a comprehensive analysis on the Brazil plastic pipes and fittings industry. The report covers various aspects including introduction and overview, value chain analysis, market size by production value, production volume and sales volume from domestic produce, overall plastic pipes and fittings market segmentation by type of pipes, by type of end user and by market structure; comparative landscape, growth drivers, trends and developments, issues and challenges in Brazil plastic pipes and fittings market and the regulatory framework of the industry. The report concludes with market projections and analyst recommendations highlighting the major opportunities and cautions.

Key Segments Covered in the report: -

Market Segmentation in Brazil Plastic Pipes Market

By Type of Pipes (2022 & 2027)

• PVC
• HDPE

By Type of HDPE Pipes (2022 & 2027)

• Corrugated HDPE
• Smooth / Solid Wall HDPE

By Type of PVC Pipes based on Material (2022 & 2027)

• Plain / Vinyl PVC
• CPVC
• MPVC

By Type of Plain PVC Pipe based on Application (2022 & 2027)

• Hydraulic PVC
• Sanitary PVC

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By End User Applications (2022 & 2027)

• Infrastructure and Real Estate
• Irrigate
• Sewer
• Mining
• Water Transportation (Portable Water and Pressure Water)
• Others (Chemical, Oil and Gas and Electrical Insulations and rest)

Key Target Audience

• Infrastructure and Real Estate Companies
• Mining Companies
• Government Entities
• Construction Companies
• Oil and Gas Companies
• Plastic Pipe Manufacturers
• Plastic Pipe Raw Material Manufacturers
• Military Agencies

Time Period Captured in the Report:

• Historical Period: 2017-2021
• Base Period: 2022
• Forecast Period: 2023-2027F

Companies Covered:

• Formosa Plastics Corporation
• INEOS
• Shin-Etsu Chemical Co., Ltd.
• Westlake Chemical Corporation
• Tecnocom
• Group Tigre

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Key Topics Covered in the Report

Brazil Country Overview

Brazil Plastic Pipes and Fittings Market Overview and Genesis

Value Chain in Brazil Plastic Pipes and Fittings Market

Stakeholders in Brazil Plastic Pipes and Fittings Market

Brazil Plastic Pipes and Fittings Market Size

Brazil Plastic Pipes and Fittings Market Segmentation

Factors affecting Pricing in Brazil Plastic Pipes and Fittings Market

Trends and Developments in Brazil Plastic Pipes and Fittings Market

Issues and Challenges in Brazil Plastic Pipes and Fittings Market

Regulatory Framework in Brazil Plastic Pipes and Fittings Market

Porter’s Five Force Analysis in Brazil Plastic Pipes and Fittings Market

Comparative Landscape in Brazil Plastic Pipes and Fittings Market

Company Profiles of Major Players Operating in the Brazil Plastic Pipes and Fittings Market

Trade Scenario in Brazil Plastic Pipes and Fittings Market

Brazil Plastic Pipes and Fittings Market Future Outlook and Projections

Analyst Recommendations for Brazil Plastic Pipes and Fittings Market Growth

For More Insights On Market Intelligence, Refer To The Link Below: -

Future Outlook of Brazil Plastic pipes market

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Employee Satisfaction Survey Questions Bring Issues to The Attention of Management: Ken Research

 If you are looking to gauge how your customers feel about your organization, a customer satisfaction survey can assist to determine your best practices. Customer experience survey results can also assist you to find what areas of your business require advancement. For small- and medium-sized businesses, customer satisfaction survey results are invaluable. They can assist to attain insight into what your customers are looking for and predict. Top Customer Satisfaction Survey Questions can also carry the opportunity to address any concerns they may have. Regardless of the size of your business, surveys are an imperative tool for determining if your standards are in line with the service you deliver to your customers.

Conducting regular Employee Satisfaction Surveys enables your organization to respond to any problems and advance employee loyalty. This in turn will advance your company’s revenue stream. The following points address some of the advantages of surveying your customers, customer satisfaction surveys best practices, and what you can predict to attain from this practice.

Benefits of Customer Satisfaction:

• Competition differentiator: Customer satisfaction is the key to breaking or making brands. In this competitive world of a vast number of brands, customer satisfaction has to be the focal to your customer strategy. No amount of marketing campaigns and promotions will assist you if your customers are not satisfied. Brands that have to lessen levels of customer satisfaction are probably to perish in the future. Brands that have advocates are far probably to do better than brands that do not. You will have brand advocates when you have satisfied customers. So, as you see, it all starts and ends with customer satisfaction.
• Recollecting customers is cost-effective: The cost to attain new customers is 6-7 times more than retaining your present customers. This puts into perspective how dynamic customer satisfaction is. Rather than spending enormous amounts of money on retaining new customers, spend a fraction of it on advancing your prevailing procedures and systems to retain clients. This will go a long way in saving costs and increasing your business revenue.

Reasons Why Employee Satisfaction Survey is so Important

Employee Feedback Survey is so imperative for employees to stay interested and challenged in the workplace. There is little doubt that prodigious employees are an organization’s number one resource and keeping workers happy helps strengthen a company in different ways.

• Employee Retention: Retaining workers assists generate a better functioning environment and makes it easier to recruit quality talent. Eventually, the satisfied employee is much less probably to leave.
• Employee Loyalty: When employees feel the company has their best interests at heart and feel appreciated, they primarily assist its mission and work hard to assist accomplish its objectives.
• Customer Satisfaction: Customer retention and loyalty to a company are reliant on the services an employee provides. If an employee has high satisfaction, this will augment customer satisfaction.

To sum up, it doesn’t take much effort to keep employees happy by utilizing an employee happiness survey. They will want to feel respected and appreciated while functioning in a safe environment and having opportunities to advance in their role.

When a company carries these imperative aspects, it will satisfy employees, assisting to construct a stronger future for both the employee and the company.

Increasing production and sales of light commercial vehicles as well as heavy duty vehicles, primarily for trade transport is expected to propel demand for automotive lubricants across Australia in the coming years: Ken Research

 Australia Lubricants Market is in the growing stage, the market is majorly consolidated. Domestic and International players coexist in the supply side in the Australia Lubricants Market.

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Key Market Findings:

• Lubricants Industry concentration is at a moderate level, with the four largest companies estimated to account for approximately 40% of industry revenue in 2022-23.
• According to International Organization of Motor Vehicle Manufacturers (OICA), the total vehicle units produced in 2021 has shown a significant rise as compared to 2020.
• Global marine lubricants market will reach $ 10,473.3 million by 2031, growing by 3.5% annually over 2021-2031, driven by the increasing demand for marine lubricants from the shipping industry and its increasing maintenance cost for fuel-saving and cost reduction

Increasing Competition Among Players: There are numerous active players which are recently performing more positively for leading the speedy market growth while developing the infrastructure, increasing the usage of lubricants, advancing the applications of the lubricants, investing the high amount of money and analyzing the competitive strategies of competitors across Australia. The players are adopting the policies and strategies of joint ventures, mergers and acquisitions and partnerships, introducing new technologies of production, advancing the production techniques, introducing the new product at a reasonable price and employing the skilled workers which positively further effected the rate of revenue and profit and lead the market growth more significantly in the coming years.

Changing Prices of the Lubricants: One of the biggest challenges in the market is the changing prices of finished products and raw materials, which in turn impacts the margins earned by the sellers of lubricants in the Australia. Though metal working gives high profit but fluid cater to very niche market. This can pose a threat to the players operating in the space. Petrol prices steadily decrease for a period followed by a sharper increase. This pattern is also known as a petrol price cycle. It is a movement in the retail price from a low point (or trough) to a high point (or peak) to the following low point. Petrol price cycles are the result of pricing policies of petrol retailers and not from changes in the wholesale cost of fuel.

Lubricant Association in Australia: A newly created trade body, the Australian Lubricant Association, plans to set up processes for the verification of labels and standardization of lube products sold in the country, while also providing technical assistance to members and developing training programs. It’s the country’s first industry association primarily devoted to the lubricant industry. The organization models itself on similar institutions around the world, such as the Independent Union of the European Lubricants Industry, the Independent Lubricants Manufacturers Association in the United States, and the Asian Lubricant Manufacturers Union.

Analysts at Ken Research in their latest publication "Australia Lubricants Market Outlook to 2027F" Driven by Growth in Crude Oil Import and Rising Sales of vehicles in the Country” by Ken Research observed the potential of Lubricant Market Outlook in Australia. The rise in industrial sector, along with increase in transportation, industrial and mining services and also increase in heavy duty vehicles, implementation of favorable government rules & regulations is expected to contribute to the market growth over the forecast period. The Australia Lubricant Market is expected to grow at ~% CAGR over the forecasted period 2022-2027F.

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Key Segments Covered in the report

Australia Lubricants Market Segmentations (2022 & 2027)

By Type of Lubricant

• Industrial Lubricant
• Automotive Lubricant

By Grade of Lubricant

• Mineral
• Semi-Synthetic
• Synthetic

Australia Industrial Lubricants Market Segmentations

By Type of Industrial Lubricant (2022 & 2027)

• Process oil
• Hydraulic oil
• Gear oil
• Grease

By Type of end use of industrial lubricant (2022 & 2027)

• General manufacturing
• Metal & mining
• Construction
• Power generation

By Type of distribution channel in industrial lubricant (2022 & 2027)

• Dealers and distributors
• Direct sales

Australia Automotive Lubricants Market Segmentations

By Type of automotive lubricant (2022 & 2027)

• Heavy duty diesel engine oil
• Motorcycle oil
• Passenger vehicle motor oil
• Grease

By Type of end use of automotive lubricant (2022 & 2027)

• Commercial vehicles
• Motor cycle
• Passenger cars
• Marine
• Aviation

By Type of distribution channel in automotive lubricant (2022 & 2027)

• Dealers and distributers network
• OEM workshops and service station
• Online retail

Key Target Audience

• Infrastructure and Real Estate Companies
• Mining Companies
• Government Entities
• Construction Companies
• Oil and Gas Companies
• Automotive lubricants manufacturers and other stakeholders
• Automotive OEMs

Time Period Captured in the Report:

• Historical Period: 2017-2021
• Base Period: 2022
• Forecast Period: 2023-2027F

Companies Covered:

• BP Australia
• ExxonMobil
• Puma
• Caltex
• Viva Energy Holding
• Ampol
• Penrite
• TOTAL Oil Australia Ltd
• Fuchs Lubricants (Australasia) Ltd
• Phoenix Lubricant Ltd

Key Topics Covered in the Report

• Country Overview of Australia
• Australia Trade Analysis
• Lubricants Supply and Demand Statistics
• Harvey Ball Analysis of Preferred Lubricants Companies in ASEAN Countries
• Australia Automotive Industry
• Region wise Cars and motorcycles Registration in Australia
• Cross comparison of Southeast Asian Countries on the basis of Number of Motor Vehicles and Sold by Country
• Ecosystem of major Entities in Australia Lubricants Market
• Business Cycle and Genesis of Australia Lubricants Market
• Timeline of major Players in Australia Lubricants Market
• Value Chain Analysis for Australia Lubricants Market
• Australia Automotive & Industrial Lubricants Market Segmentation
• SWOT Analysis for Australia Lubricants Market
• Porter’s Five Forces Analysis of Australia Lubricants Market
• Growth Enablers in Australia Lubricants Market
• Bottlenecks and Challenges in Australia Lubricants Market
• Trends and Developments in Australia Lubricants Market
• Australia Lubricants Market Regulations
• Tax Rates for Lubricants in Australia
• End User Analysis of Australia Lubricants Market
• Pricing Analysis of Automotive and Industrial Lubricants
• Strengths and Weaknesses of the major Industrial & Automotive Lubricant market Players
• Cross Comparison of Major Players in Australia Lubricants Market
• Covid-19 Impact on Australia Lubricant Market
• Future Outlook and market Size for Australia Lubricant Market
• Future Segmentation for Australia Industrial Lubricant Market
• Future Segmentation for Australia Automotive Lubricant Market
• Market Opportunities and Analyst Recommendations
• Analyst Recommendations
• Research Methodology

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

Future Outlook of Australia Lubricants Market

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KSA Personal Finance Market to grow exponentially with size of outstanding credit expected to contribute more than SAR 800 Bn by 2026F: Ken Research

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The KSA Personal Finance Market is in growing stage, being driven by technological advancements and digitalization in personal financing. Banks dominate the supply side of the KSA personal finance ecosystem, however the emerging non-banking finance companies and FinTech companies are expected to create tough competition in the market.

• Due to shift of focus towards ownership of homes in Saudi Arabia Vision 2030 project, the renovation and home improvement segment is expected to grow and that might aid the personal finance market in the country.
• The major players in the personal finance market include Al Rajhi and SNB followed by Emirates NBD, Banque Saudi Fransi. Non-banks are in the market include Nayifat Finance Company and Emkan Finance Company.
• Working women population in KSA has been on an increasing trend and is expected to lead to an increase in the market, thereby positively affecting the KSA Personal Finance Market.

Future of KSA Personal Finance Market: The KSA Personal Finance Industry is expected to grow at a robust CAGR. Outstanding personal loans are expected to grow with in the next four years. Wedding loans are expected to account for the majority share by renovation and home improvement loans, which is mainly driven by Saudi Arabia Vision 2030. Due to increasing privatization and the goal of privatization being included in Vision 2030, the number of employed workforces is expected to increase and the workforce is also expected to decline for public sectors.

Entrance of New Players in the market: New players entering the KSA Personal Finance Market are FinTech companies. The country currently has 82 FinTech companies and the number in these companies is expected to grow rapidly over the next few years. The market has witnessed partnership between FinTech companies and decision analytics companies to make their digital lending process more robust. With new entrants, strict changes in policies can be seen related to insolvency and other parameters.

Government policies: Vision 2030 by the KSA government has massive plans for the economy targeting to improve employment figures that might be fruitful for the personal finance market as well. The loans borrowed by Large Corporation and Private Sector is expected to grow mainly due to increasing privatization as one of the goals in Vision 2030. KSA’s Vision 2030 includes Financial Sector Development Program which envisions better access to financial products and aims to increase the share of cashless transactions by developing the digital infrastructure. The Program also focuses on enabling FinTechs to drive innovation and competition. FinTech companies are expected to contribute immensely towards the growth of the market.

The report “KSA Personal Finance Market Outlook to 2026F – Driven by Growing Digitalization and Increased Consumption Needs” by Ken Research provides a comprehensive analysis of the potential of the Personal Finance Industry in KSA. The report also covers the overview and genesis of the industry, market size in terms of outstanding credit and number of loans; market segmentation by purpose of loan, by supplier, by tenure of loan, by booking mode, by geography, by nationality of borrower, by employment of borrower; growth enablers and drivers, challenges and bottlenecks, trends driving digital adoption; regulatory framework; industry analysis, competitive landscape including competition scenario, market shares of major players on the basis of outstanding credit. The report concludes with future market projections of each segmentation and analyst recommendations.

Key Segments Covered:-

KSA Personal Finance Market

By Purpose of Loan

• Wedding
• Renovation & Home Improvement
• Consumer Durables
• Tourism & Travel
• Medical
• Education
• Debt Consolidation
• Others

By Supplier

• Banks
• Non-Banks (NBFIs & FinTechs)

By Tenure of Loan

• < 1 year
• 1-2 years
• 2-3 years
• 3-4 years
• 4-5 years

By Booking Mode

• Online
• Offline

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By Geography

• Riyadh
• Jeddah
• Dammam
• Others

By Nationality of Borrower

• Saudi
• Non-Saudi

By Employment of Borrower

• Government Employee
• Large Corporation Private Sector Employee
• Medium & Small Corporation Private Sector Employee
• Self-Employed
• Others

Key Target Audience:-

• KSA Finance Industries
• Government Bodies & Regulating Authorities
• Finance Industry
• Finance Companies

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Time Period Captured in the Report:-

• Historical Period: 2017-2021
• Base Year: 2022
• Forecast Period: 2022– 2026F

Companies Covered:-

Banks

• Al Rajhi Bank
• Saudi National Bank
• Riyad Bank
• The Saudi British Bank (SABB)
• Banque Saudi Fransi
• Arab National Bank
• Al Bilad Bank
• Emirates NBD
• Alinma Bank

Non-Banks

• Nayifat Finance Company
• Emkan Finance Company (owned by Al Rajhi Bank)
• Murabaha Marena Financing Company
• United Company for Financial Services (Tasheel Finance)
• Al Yusr Leasing & Financing
• Al-Amthal Finance Company
• Tamam
• Quara Finance Company
• Tayseer Finance
• Saudi Finance Company (acquired by Abu Dhabi Islamic Bank)
• Abdul Latif Jameel United Finance Company
• Osoul Modern Finance Company
• Matager Finance Company

Key Topics Covered in the Report:-

• KSA Personal Finance Market Overview
• Ecosystem of KSA Personal Finance Market
• KSA Personal Finance Industry Evolution
• KSA Personal Finance Market Size, 2017-2021
• KSA Personal Finance Market Segmentation, 2021 (By Purpose of Loan, By Supplier, By Booking Mode, By Tenure of Loan, By Geography, By Nationality of Borrower, By Employment of Borrower)
• Industry Analysis of KSA Personal Finance Services
• Value Chain of KSA Personal Finance
• Key Growth Drivers in Personal Finance Market in KSA
• Trends and Developments in KSA Personal Finance Industry
• SWOT Analysis of KSA Personal Finance Industry
• Islamic Financing
• Issues and Challenges in KSA Personal Finance Industry
• Government policies affecting the KSA Personal Finance Industry
• Competition Framework for KSA Personal Finance Market
• Future Outlook and Projections of the KSA Auto Finance Market, 2021-2026F
• Market Opportunities and Analyst Recommendations
• Research Methodology

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

KSA Personal Finance Market

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Government’s Ag2030 mission aims to generate AUD 100 Bn in agricultural production by 2030 driving huge demand for Agriculture equipment in Australia: Ken Research

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The Australia Agriculture Equipment market is moderately concentrated with five players capturing ~75% of the market share in 2021. Most manufacturers of agricultural machinery sell their machines through authorized dealerships. Both OEM’s and aftermarket sales go hand-in-hand owing to an increase in demand for original equipment which increases the demand for spare parts. Online Physical-digital channels of Purchase listing their products online will be preferred by consumers in the medium term.

• There is continuous growth in the sales of tractors in the agricultural equipment market as they are inevitable for farming operations in the rough terrain of Australia.
• GPS-enabled agricultural equipment and the predominance of precision farming techniques are the major trends in the market.
• There is heavy competition among local and foreign players as a significant proportion of agricultural equipment used in Australia are imported from overseas.
• OEM’s and aftermarket sales go hand-in-hand as the demand for original equipment rises, demand for spare parts increase along with it.
• Price and quality of the equipment along with the level of automation and type of commodity produced by the farmer affects the decision-making process of purchasing equipment.

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Surge in demand for New Technology: Farmers are currently preferring technological upgradations in their agricultural equipment. GPS enabled agricultural equipment and predominance of precision farming techniques are the major trends in the market. GPS technology helps in accurate field navigation to minimize redundant applications and enable maximum ground coverage in the shortest possible time in the rough terrain in Australia. Precision Agronomics Australia (PAA) has developed a unique product in the i4M technology and is leading the next wave of precision agriculture. Increased use of data science, automation, and communication technologies has gained prominence in the sector.

Government Initiatives to Regulate Agri-equipment Market: Regional Investment Corporation (RIC) administers concessional loans on behalf of the Australian Government for farm businesses, drought-affected small businesses and other eligible businesses. These farmer loans assist farmers to purchase, establish or develop a farm business or machinery. Rural Research and Development Corporation (RDC) invest around AUD 1,176 Mn each year in agricultural innovation, with more than $300 million of funding coming from the Australian Government. RDC focuses on investing in digital agriculture and mechanization to deliver new trade and market access for producers, create jobs and reduce red tape.

Importance of loans and credit schemes: The increasing price of agriculture equipment will necessitate the importance for loans and credit schemes to invest in the purchase of machinery. The availability of credit and loans at a lower interest rate increases the preference for financed purchases. 13% of the total workforce employed in agriculture will be young population of 15 to 34 years of age by 2025. Young farmers will prefer financed purchases owing to the low capital in hand and easy availability of credit from different sources.

Analysts at Ken Research in their latest publication “Australia Agricultural Equipment Market Outlook to 2026F - Driven by Adoption of Technological Advancements in Farming Techniques and Financial support of Government” by Ken Research observed that Agri-equipment Market in Australia is at a growing stage. The rising government policies and demand in the Agri-equipment industry, an increase in credit availability along with rising online platforms for sale of Agri-equipment is expected to contribute to the market growth over the forecast period. The market is expected to grow at 9.1% CAGR by value, during 2021-2026F.

Key Segments Covered in the report:-

      Australia Agri-Equipment Market

By Type of Equipment

• Tractors
• Harvesters
• Planting Equipment
• Irrigation and crop processing Equipment
• Spraying Equipment
• Hay and Forage equipment

By Mode of Sales

• Online
• Offline

By Type of Purchase

• Financed purchase
• Non-Financed purchase

By Automation

• Semi-automatic
• Manual
• Automatic

By Sales Channel

• OEM
• Aftermarket

By Application

• Harvesting& Threshing
• Land development and seed bed preparation
• Sowing and Planting
• Weed cultivation
• Post-harvest & Agro-processing
• Plant protection

By Region

• Western Australia
• New South Wales
• Queensland
• Northern territory
• South Australia
• Victoria
• Tasmania

Key Target Audience

• Existing Agricultural Equipment Companies
• New Market Entrants- Domestic OEMs
• New Market Entrants- Foreign OEMs
• Agricultural Equipment Financing Companies
• Government Bodies
• Investors & Venture Capital Firm
• Agricultural Equipment Manufacturers
• Agricultural Equipment Distributors
• Agricultural Equipment Associations
• Market Research and Consulting Firms
• Government Bodies & Regulating Authorities

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Time Period Captured in the Report:-

• Historical Period: 2016-2021
• Base Period: 2021
• Forecast Period: 2021-2026F

Companies Covered:-

       Leading companies

• John Deere
• Kubota
• CLAAS
• AGCO
• CNH Industrial
• Massey Ferguson
• CASE Agriculture
• AGRIFARM
• Farm Tech
• DOBMAC
• GASON
• VIN ROWE
• PELLENC

Key Topics Covered in the Report:-

• Executive Summary
• Country Overview of the Australia
• Overview and Genesis of Agriculture Equipment Market in Australia
• Ecosystem of Australia Agriculture Equipment Market
• Market Segmentations of Agriculture Equipment Market in Australia
• Snapshots on different Agriculture Equipment Markets in Australia
• SWOT Analysis of Australia Agriculture Equipment Market
• Growth Drivers of Australia Agriculture Equipment Market
• Trends and Developments of Australia Agriculture Equipment Market
• Challenges of Australia Agriculture Equipment Market
• Competitive Analysis of Agriculture Equipment Market in Australia
• Future Outlook and Projections of Agriculture Equipment Market in Australia, 2021-2026
• Government Initiatives to Regulate Australia Agri-equipment Market
• Cross Comparison of Major Players in Australia Agri-equipment Market
• Covid-19 Impact on Australia Agri-equipment Market
• Outlook and Future Projections for Australia Agri-equipment Market
• Market Opportunity and Analyst Recommendations
• Research Methodology

Key Segments Covered in the report: -

      Australia Agri-Equipment Market

 By Type of Equipment

• Tractors
• Harvesters
• Planting Equipment
• Irrigation and crop processing Equipment
• Spraying Equipment
• Hay and Forage equipment

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By Mode of Sales

• Online
• Offline

By Type of Purchase

• Financed purchase
• Non-Financed purchase

By Automation

• Semi-automatic
• Manual
• Automatic

By Sales Channel

• OEM
• Aftermarket

By Application

• Harvesting& Threshing
• Land development and seed bed preparation
• Sowing and Planting
• Weed cultivation
• Post-harvest & Agro-processing
• Plant protection

By Region

• Western Australia
• New South Wales
• Queensland
• Northern territory
• South Australia
• Victoria
• Tasmania

Key Target Audience

• Existing Agricultural Equipment Companies
• New Market Entrants- Domestic OEMs
• New Market Entrants- Foreign OEMs
• Agricultural Equipment Financing Companies
• Government Bodies
• Investors & Venture Capital Firm
• Agricultural Equipment Manufacturers
• Agricultural Equipment Distributors
• Agricultural Equipment Associations
• Market Research and Consulting Firms
• Government Bodies & Regulating Authorities

Time Period Captured in the Report:

• Historical Period: 2016-2021
• Base Period: 2021
• Forecast Period: 2021-2026F

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Companies Covered:

    Leading companies

• John Deere
• Kubota
• CLAAS
• AGCO
• CNH Industrial
• Massey Ferguson
• CASE Agriculture
• AGRIFARM
• Farm Tech
• DOBMAC
• GASON
• VIN ROWE
• PELLENC

Key Topics Covered in the Report

• Executive Summary
• Country Overview of Australia
• Overview and Genesis of Agriculture Equipment Market in Australia
• Ecosystem of Australia Agriculture Equipment Market
• Market Segmentations of Agriculture Equipment Market in Australia
• Snapshots on different Agriculture Equipment Markets in Australia
• SWOT Analysis of Australia Agriculture Equipment Market
• Growth Drivers of Australia Agriculture Equipment Market
• Trends and Developments of Australia Agriculture Equipment Market
• Challenges of Australia Agriculture Equipment Market
• Competitive Analysis of Agriculture Equipment Market in Australia
• Future Outlook and Projections of Agriculture Equipment Market in Australia, 2021-2026
• Government Initiatives to Regulate Australia Agri-equipment Market
• Cross Comparison of Major Players in Australia Agri-equipment Market
• Covid-19 Impact on Australia Agri-equipment Market
• Outlook and Future Projections for Australia Agri-equipment Market
• Market Opportunity and Analyst Recommendations
• Research Methodology

For More Insights On The Market Intelligence, Refer To The Link Below: -

Future Outlook of Australia Agricultural Equipment Market

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Thailand Auto Finance Market is expected to generate more than THB 1.7 Trillion credit disbursed in 2026F driven by Growth in Online Retail and Logistics: Ken Research

 Thailand’s Auto Finance Market is in the maturity stage, driven by road infrastructure development, economic growth in the country, and a dramatic increase in trading partners and export earnings. Major entities in the market are Banks and Captives that are 90-100 years old offering variety of financing services.

• Thailand’s market uses the traditional way of banking including manpower and face-to-face transactions instead of online processes.
• Nowadays, many non-banks have jumped into the Auto-finance business and they are doing it in a simpler way than banks.
• The automotive industry in Thailand is the largest in Southeast Asia and the 10th largest in the world.

Growth in Online Retail and Liberal Trade Arrangements: There will be a rise in demand for commercial vehicles due to ongoing government investment, expansion in online retail, and logistics. The car manufacturers of the country plan to increase demand by releasing new models (including both the internal combustion engine and electric vehicles). With this, the greater trade openings under the current ASEAN Free Trade Area agreement would permit Thailand to export more automobiles to the rest of the region.

Used car financing more accessible and inexpensive: Thailand's government announced subsidies for electric vehicles is anticipated to increase the country's demand and sales for vehicles. Due to various financing companies' policies that make used car financing more accessible and inexpensive, used car financing may experience an increase in the segmentation of the type of vehicle funded in the upcoming years. In addition to this, to enhance the volume of new car loans, Thailand's leading banks also have the chance to strategically work with the original equipment manufacturer.

Shift from ICE to EV and Rapid Digitalization: Due to the increased energy efficiency, affordability, and environmental friendliness of electric vehicles, the market has experienced a transition away from internal combustion engines. As a result, EVs are now preferred over ICE vehicles in Thailand. To enhance the consumer experience, auto financing organizations are leaning more and more toward advanced technical developments. Online automobile sales have developed into a "one-stop-shop" service that gives customers direction and customization. In order to enhance and automate the delivery and use of financial services, such as payment gateways and trading platforms, new technology-based firms are joining the Thai car finance sector.

Analysts at Ken Research in their latest publication “Thailand Auto Finance Market Outlook to 2026F- Driven by Road Infrastructure Development and Economic Growth in the Country” observed that the Auto Finance market is an emergent market in Vietnam at a rebounding stage from the economic crisis after the pandemic. The immense infrastructural development projects in the country, partnerships, and mergers with other banks along with the adoption of digitalization are expected to contribute to the market growth over the forecast period. The market is expected to grow at a 7.4% CAGR during 2021-2026F owing to the increasing purchasing power of consumers, adoption of EVs, and new government policies.

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Key Segments Covered:-

Thailand Auto Finance

By Type of Vehicle financed

• New cars
• Used cars
• Motorcycles

By Distribution channels

• Banks & Subsidiaries
• NBFC's
• Captives

By Type of Financing

• Passenger Vehicles
• Commercial Vehicles

By purpose type

• Loans
• Lease

By Tenure of the loans

• 1 year
• 2 years
• 3 years
• 4 years
• 5 years and above

Key Target Audience:-

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

Time Period Captured in the Report:-

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

Companies Covered:-

Banks and Subsidiaries

• TMBThanachart Bank
• Ayudhya Bank
• Siam Commercial Bank
• TISCO Bank
• Kiatnakin Bank
• Kasikorn Bank
• Others (Including ICBC Bank, Citi Bank, Bangkok Bank, and Krungthuri Bank)

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Captives

• Toyota Leasing Thailand
• Honda leasing
• Mercedes-Benz leasing
• BMW Financial Services
• Others

NBFC's

• Muangthai Capital
• Asia Sermkij Leasing
• Nakhon Luang Capital Limited
• Thitikorn
• Summit Capital
• Group Lease
• Aeon Thana Sinsap
• G Capital Public Limited
• Others (Thai Ace Capital, SGF Capital, JMT Network, Phatra Leasing Company, Mitsib Leasing)

Key Topics Covered in the Report:-

• Thailand Automotive Market Overview
• Thailand Automotive Finance Market Overview
• Ecosystem of Thailand Auto Finance Market
• Business Cycle and Timeline of Thailand Auto Finance Market
• Thailand Auto Finance Value Chain Analysis
• Market Sizing Analysis of Thailand Auto Finance Market, 2016-2021
• Thailand Auto Finance Market Segmentation (By Type of Vehicle Financed, By Distribution Channel, By Tenure Loan, By Purpose Type, By Type of Motor Vehicle), 2021
• SWOT Analysis of Thailand Auto Finance Industry
• Trends and Developments in Thailand Auto Finance Industry
• Decision Making Parameters for Selecting Car Loan Vendor
• Issues and Challenges in Thailand Auto Finance Industry
• Growth Drivers of Thailand Auto Finance Market
• Government Regulators and Initiatives in Thailand Auto finance Industry
• Competition Framework for Thailand Auto Finance
• COVID-19 Impact on Thailand Auto Finance Market
• Future Outlook and Projections of Auto Finance Market in Thailand, 2021-2026F
• Market Opportunities and Analyst Recommendations

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

Thailand Auto Finance Market

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Global Biodegradable Plastic market is growing at a CAGR of ~9% by 2028: Ken Research

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Competition Scenario In Global Biodegradable Plastic Market

The Global Biodegradable Plastics Market is highly competitive with ~300 players, including globally diversified players, regional players, and many country-niche players. Most of the country-niche players are suppliers of raw materials for biodegradable plastics used in various end-user industries.

Regional players control about 45% of the market, while country-niche players hold the second largest share. Some of the major players in the market include BASF SE, Belmont Packaging Ltd., Danimer Scientific, Eastman Chemical Company, Mitsubishi Chemical Corporation, NatureWorks LLC, Novamont S.p.A., Plantic, TORAY INDUSTRIES, INC., TotalEnergies Corbion, PTT Global Chemical Public Company Limited, FKuR, among others.

What Is the Expected Future Outlook for the Overall Global Biodegradable Plastic Market Across the Globe?

The Global Biodegradable Plastic market was valued at USD ~billion in 2022 and is anticipated to reach USD ~billion by the end of 2028F, witnessing a CAGR of ~% during the forecast period 2022-2028F. The realistic growth scenario represents the most likely scenario as per current market conditions. This scenario assumes that there will be no overall impact on the market due to any potential COVID-19 waves in the future.

The Global Biodegradable Plastic market is driven by factors such as increasing consumer awareness regarding eco-friendly plastic solutions and rising efforts to reduce the use of conventional plastics. However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries.

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Mergers and acquisitions have also impacted the Global Biodegradable Plastic market. For instance, In July 2021, Solvay acquired the global coating business of Bayer AG, having facilities in France, Brazil, and the U.S. The acquisition strengthened the sustainable and bio-based solutions in the company’s portfolio. The whole product portfolio and research & development projects from Bayer AG have been shifted to Solvay. In April 2021, NatureWorks announced a new strategic partnership with IMA Coffee, which is a market leader in coffee handling processing and packaging. This partnership aims at increasing the market reach for high-performing compostable K-cup in North America. Furthermore, in February 2020, BASF and Fabbri Group (Italy) formed a joint venture to develop a sustainable solution for cling film used in fresh-food packaging. The film will be used in wrapping meat, seafood, and fresh fruits & vegetables. It will be made by the Fabbri group with BASF's Ecovio bioplastic and will boost the demand for biodegradable plastics in packaging applications.

The global biodegradable plastics market witnessed slow growth for the year 2020, owing to the COVID-19 pandemic. A complete ban on imports and export disrupted the supply chain and hampered the market globally. However, the market condition is expected to get better in 2022, thereby restoring growth over the forecast period. The market is primarily driven by the increasing usage of Biodegradable Plastics in packaging, automotive, and other industries. Though the market is moderately competitive with over ~300 participants, few regional players control the dominant share and country-niche players also hold a significant share.

Market Taxonomy

By Product Type

• Starch Based
• Polylactic acid (PLA)
• Polyhydroxyalkanoates (PHA)
• Polybutylene Adipate Co-terephthalate (PBAT)
• Poly Butylene Succinate (PBS)
• Others

By End-User Segment

• Packaging
• Agriculture
• Consumer Goods
• Textiles
• Healthcare
• Others

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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

• BASF SE
• Belmont Packaging Ltd.
• Danimer Scientific
• Eastman Chemical Company
• Mitsubishi Chemical Corporation
• NatureWorks LLC
• Novamont S.p.A.
• Plantic
• TORAY INDUSTRIES, INC.
• TotalEnergies Corbion
• PTT Global Chemical Public Company Limited
• FKuR

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

Global Biodegradable Plastics Market