Global Silicone Sealants market revenue to reach US$ 7 Bn by 2028: Ken Research

 Global Silicone Sealants Market By Geography

The Global Silicone Sealants market is segmented by geography into North America, Europe, Asia- pacific and LAMEA.

Asia Pacific accounted for the largest market share in the Global Silicone Sealants Market in 2022.

With the rise in the construction industry, the thermoset and RTV sealants market segments in the region are expected to rise significantly. Growth in the market is predicted to be aided by the expanding construction sector in the area and RTV's capacity to seal joints in structures across a range of substrates without causing construction components to lock.

Additionally, these sealants possess low maintenance, reduce long-term expenses, and increase building stability and longevity, all of which contribute to the market's expansion.

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Competition Scenario In Global Silicone Sealants Market

The global silicone sealants industry is highly competitive with ~200 players which include globally diversified players, regional players as well as a large number of country-niche players. The market for silicone sealants has presence of several domestic manufacturers and a sizable number of Chinese manufacturers supplying low-cost goods.

To combat volatile raw material prices, prominent players in the silicone sealants market are focusing on the vertical integration of manufacturing capabilities and the expansion of manufacturing facilities.

Large global players control about 15% of the market presence, while regional players hold the largest presence in the market at 45%. Some of the major players in the market include 3M Company, BASF SE, Henkel AG & Co. KGaA, Bostik, TKK D. O. O, H.B.Fuller, PPG Industries, Pidilite, GCP Applied Technologies, Dupont, Wacker Chemie AG, Sika A.G., and others.

What Is The Expected Future Outlook For The Overall Global Silicone Sealants Market Across The Globe?

The Global Silicone Sealants 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 Silicone Sealants market is driven by exceptional resistance capabilities of silicone to moisture, weathering, and other chemicals, and unlike other adhesive types, it can maintain its stability and elasticity at both low and high temperatures and is adopted by various end-user industries like building & construction, semiconductors & electronics, automotive, glass, and wood furniture. However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries.

With the increasing collaboration and emergence of new products, the Global Silicone Sealants market is changing rapidly. For instance, In January 2021, Momentive acquired the silicone division of KCC Corporation in South Korea and the UK. Additionally, the business purchased a Chinese sales organization. Momentive's global expertise in advanced silicones and specific applications is expected to further enhance by this purchase.

In June 2020, RWC released two new moisture-resistant silicone fire sealant products called HydroFlame 300 caulk-grade and HydroFlame 300 self-leveling sealants. These are intended for applications that have UL-listed W ratings or that are exposed to high moisture levels. These silicone sealants that dry quickly can be applied to various flooring holes, pipe types, and wall penetrations.

Furthermore, Momentive Performance Materials, a well-known supplier of silicone and specialty chemical-based products, signed a deal with Henkel in August 2020 to sell its Consumer Sealants segment. With this agreement, Henkel strengthens its position as a top supplier of adhesives, sealants, and other materials for the construction industry.

The global silicone sealants market is forecasted to continue the positive growth that is being witnessed since 2021. One of the main trends driving market expansion is the rise in demand for construction silicone sealants in the infrastructure and residential housing sectors. The market for silicone sealants is highly competitive with ~200 companies including several domestic manufacturers and a sizable number of Chinese manufacturers supplying low-cost goods.

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Key Topics Covered in the Report

• Snapshot of Global Silicone Sealants Market
• Industry Value Chain and Ecosystem Analysis
• Market size and Segmentation of Global Silicone Sealants Market
• Historic Growth of Overall Global Silicone Sealants Market and Segments
• Competition Scenario of the Market and Key Developments of Competitors
• Porter’s 5 Forces Analysis of Global Silicone Sealants Market
• Overview, Product Offerings, and SWOT Analysis of Key Competitors
• Covid 19 Impact on the Overall Global Silicone Sealants Market
• Future Market Forecast and Growth Rates of the Total Global Silicone Sealants Market and by Segments
• Market Size of Technology / Application Segments with Historical CAGR and Future Forecasts
• Analysis of Silicone Sealants 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

Major Companies Profiled in the Report

• 3M Company
• BASF SE
• Henkel AG & Co. KGaA
• Bostik
• TKK D. O. O
• H.B.Fuller
• PPG Industries
• Pidilite
• GCP Applied Technologies
• DUpont
• Wacker Chemie AG
• Sika A.G.

Notable Emerging Companies Mentioned in the Report

• Tengyu Chemical (Longkou)Co., Ltd.
• Jinwuhuan Neutral Silicone Sealant
• American Sealants Inc.
• Robert Mckeown Co., Inc.
• Anti-Seize Technology, A.S.T. Industries, Inc.
• Ravensberger Wachs-Chemie Bernhard Seidel GmbH & Co KG
• Nan Pao

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

• Construction Industry Personnel
• Electronics Manufacturers
• Vehicles Manufacturers
• Wood Furniture Manufacturers
• Wood Product Manufacturers
• Glass Furniture Manufacturers
• Glass Product Manufacturers
• Acetoxy Silicone Sealant Manufacturers
• Amino Silicone Sealant Manufacturers
• Oximinics Silicone Sealant Manufacturers
• Acetic Silicone Sealant Manufacturers
• Room Temperature Vulcanizing (RTV) Technology Providers

Time Period Captured in the Report

• Historical Period: 2019-2021

• Forecast Period: 2022E-2030F

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Global Silicone Sealants market

South Korea Used Car Market is currently in its Growing Stage Owing to low unemployment rate & increasing need for personal vehicle: Ken Research

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1. The Used Car Industry in South Korea is growing at CAGR of 1% Basis Volume, with Brands Competing Intensely on Value Added Services Offered

The South Korea Used Car market is in the Maturity stage. Easy availability of used car loans by various banks & NBFCs have led to the amplification of pre-owned car sales. Players such as Mr. Garage are providing vital information for the purchase of used cars by using AI and Machine Learning Tools. Talking about the challenges, Consumer distrust is quite high in the market. More than 10,000 consumer complaints are received every year.

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Hyundai Motor, monopolizes more than 83% of the new car market. Due to fierce competition, if Hyundai Motor enters the used car market, it is expected that at least 50% of the existing used car dealers and employees will crater. Furthermore, intense competition with various authorized dealerships, multi-brand outlets & independent (standalone as well as clustered dealers) operating in the industry is expected in the upcoming years. Authorized Dealerships compete on the basis of parameters such as warranty, inspection, quality checks, and value-added services. Entry of various online platforms and marketplaces competing is also expected to increase user base, engagement & dealers on-board. The way forward is dependent on Leveraging technologies such as Artificial Intelligence & Virtual Reality to enhance user browsing experience. Moreover, growth of transactional marketplaces offering one-stop solutions to buyers & connecting dealers, financing and insurance companies.

2. Banks, NBFCs and Captive NBFCs Providing Major Credit Lending Facilities in South Korea’s Used Car Financing Industry

South Korea’s Used Car market ecosystem provides a wide range of financing options for the customers. For instance, most organized market players liaise with banks to provide In-House loan to customers and with the help of In-House financing, customers can complete car financing under one roof which saves them the time & energy. Alternatively, customers can directly take an auto loan from bank. Most banks offer a financing period from 2 to 6 years. When it comes to NBFC’s like Roof funding & Kamco, most of them provide finance for used cars & have partnerships with major brands.

3. Lack of Regulations and Insufficient Job Requirements Leading to Low-Competition Entry for Sales Personnel and Market Inefficiency

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The used car market in Korea is less regulated compared to other advanced economies. This has led to a proliferation of small-time dealers who do not possess enough skills/knowledge about the cars and secondly, are not able to scale the shops to a greater extent. Apart from this, insufficient job requirements can also cause hindrances in the future growth of the industry. For instance, anyone who wants to engage in the used car sales business in Korea can obtain a salesperson's certificate only after completing online education. Moreover, online training takes 8 hours for introductory training for new employees and 4 hours for maintenance training for existing traders. Other than that, there is no other qualification system.

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South Korea Used Car Market

Global Silicone Sealants market expected to record a CAGR of ~6% during the forecast period (2017-2028): Ken Research

 What Is The Size Of Global Silicone Sealants Industry?

Global Silicone Sealants market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD Bn by 2028F.

The Silicone Sealants Market is largely driven by exceptional resistance capabilities of silicone to moisture, weathering, and other chemicals, and unlike other adhesive types, it can maintain its stability and elasticity at both low and high temperatures and is adopted by various end-user industries like building & construction, semiconductors & electronics, automotive, glass, and wood furniture.

The silicone sealants market is positively impacted by the ongoing search for industrial adhesives and sealants with innovative chemical formulas that can endure high levels of stress.

The demand for the product is also being pushed up as to combine two distinct materials, silicone sealants are increasingly being employed in place of traditional mechanical fastening and welding techniques. In structural glazing applications, particularly energy-efficient glazing, silicone sealants are frequently used as they have superior adhesive qualities and lower component weight overall when compared to alternative joining techniques.

Furthermore, factor limiting the market growth is that various countries are using eco-friendly products in different applications due to the rise in environmental challenges and governing laws.

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Global Silicone Sealants Market By Product Type

The Global Silicone Sealants market is segmented by Product Type into Acetoxy, Amino, Oximinics, Acetic and Others.

Acetoxy product type segment held the largest share in the Global Silicone Sealants Market in 2022.

The Acetoxy segment is anticipated to grow at the highest CAGR during the forecast period. Building and construction in kitchen backsplashes, door and window frames, bathrooms & bathtubs, countertop sealing, and other areas are contributing to the dominance and growth of acetoxy silicone sealants. It is because of the positive features like acetoxy sealants dry much more quickly than neutral cure silicone and typically become tack-free within minutes is one of their main advantage. They are widely used for pharmaceuticals as the properties exhibited by the materials used do not allow the container to react with any substance or solution kept inside it.

Global Silicone Sealants Market By Technology

The Global Silicone Sealants Market is segmented by Technology into Room Temperature Vulcanizing (RTV), Thermoset or Heat Cured, Radiation Cured and Pressure Sensitive.

Room Temperature Vulcanizing (RTV) technology segment held the highest market share in the Global Silicone Sealants Market in 2022.

The growing use of alkoxy, acetoxy, and oxime silicone sealants in structural applications in the building & construction, and automotive industries is a major factor driving the need for room temperature vulcanizing. RTV propels more than 200% elongation of sealants required in different application areas of the building & construction.

Global Silicone Sealants Market By Application

The Global Silicone Sealants market is segmented by Application into Building & Construction, Semiconductors & Electronics, Automotive, Glass, Wood Furniture and Others.

Building & construction application segment held the largest market share in the Global Silicone Sealants Market in 2022.

In the building & construction sector, silicone sealants are used for a variety of things, including bathroom and kitchen fixtures, floor gap sealing, fire-rated joints around pipes, electrical conduits, ducts, and electrical wiring inside of building walls and ceilings.

Major manufacturers are expanding their production capacity as a result of the silicone sealant’s increased demand in the building & construction sector.

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Key Topics Covered in the Report

• Snapshot of Global Silicone Sealants Market
• Industry Value Chain and Ecosystem Analysis
• Market size and Segmentation of Global Silicone Sealants Market
• Historic Growth of Overall Global Silicone Sealants Market and Segments
• Competition Scenario of the Market and Key Developments of Competitors
• Porter’s 5 Forces Analysis of Global Silicone Sealants Market
• Overview, Product Offerings, and SWOT Analysis of Key Competitors
• Covid 19 Impact on the Overall Global Silicone Sealants Market
• Future Market Forecast and Growth Rates of the Total Global Silicone Sealants Market and by Segments
• Market Size of Technology / Application Segments with Historical CAGR and Future Forecasts
• Analysis of Silicone Sealants 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

Major Companies Profiled in the Report

• 3M Company
• BASF SE
• Henkel AG & Co. KGaA
• Bostik
• TKK D. O. O
• H.B.Fuller
• PPG Industries
• Pidilite
• GCP Applied Technologies
• DUpont
• Wacker Chemie AG
• Sika A.G.

Notable Emerging Companies Mentioned in the Report

• Tengyu Chemical (Longkou)Co., Ltd.
• Jinwuhuan Neutral Silicone Sealant
• American Sealants Inc.
• Robert Mckeown Co., Inc.
• Anti-Seize Technology, A.S.T. Industries, Inc.
• Ravensberger Wachs-Chemie Bernhard Seidel GmbH & Co KG
• Nan Pao

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

• Construction Industry Personnel
• Electronics Manufacturers
• Vehicles Manufacturers
• Wood Furniture Manufacturers
• Wood Product Manufacturers
• Glass Furniture Manufacturers
• Glass Product Manufacturers
• Acetoxy Silicone Sealant Manufacturers
• Amino Silicone Sealant Manufacturers
• Oximinics Silicone Sealant Manufacturers
• Acetic Silicone Sealant Manufacturers
• Room Temperature Vulcanizing (RTV) Technology Providers

Time Period Captured in the Report

• Historical Period: 2019-2021
• Forecast Period: 2022E-2030F

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Global Silicone Sealants market

Global Cloud Gaming Market Growth Rate, Outlook, and Revenue Forecast 2022-2028: Ken Research

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Global Cloud Gaming Market by End-User

The Global Cloud Gaming market is segmented by End-User into Casual Gamers, Avid Gamers and Hardcore Gamers.

Hardcore gamers segment of the Global Cloud Gaming market is estimated to account for the largest market share in 2022

Hardcore gamers play games mostly as a hobby and spend a large amount of money and significant of time on them.

Another important reason is that improvement in 5G resulting in high speed is leading to more adoption of cloud gaming by Hardcore gamers.

These are also driven by the increase of powerful smartphones, there has been a rise of 40% in hardcore gamers in India post-COVID.

The Avid gamers segment is forecasted to be the fastest growing segment from 2022 to 2028

Global Cloud Gaming Market by Geography

The North America Cloud Gaming Market is forecasted to be the fastest growing market during 2022-2028.

Cloud gaming market growth is mainly driven due to an increase in people's inexpensiveness in the region and the region's strong economic foundation, combined with updated technologies. Furthermore, free and mobile games are boosting the region's market growth. The high expendable income is driving growth, along with the updated technologies.

The Asia-Pacific cloud gaming market is estimated to account for the largest market share in 2022

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Competition Scenario in Global Cloud Gaming Market

The Global Cloud Gaming Market is highly competitive with more than 500 players which include globally diversified players, regional players as well as a large number of country-niche players in the Cloud Gaming market. Most of the country-niche players are start-ups in Cloud Gaming.

The large global players comprise about 10% in terms of the number of competitors followed by country niche players which account for ~65% of the number of the competitors. Most of the country-niche players are start-ups. Some of these who successfully evolve to create application-specific solutions often get acquired by large global players seeking to grow and diversify quickly.

The Leading Country Niche players such as Parsec Cloud, Inc., Shadow, Rainway, and Ubitus K.K. are highly focused on providing a significant number of Cloud Gaming Solutions.

What is the Expected Future Outlook for the Overall Global CLOUD GAMING Market Across the globe?

The Global Cloud Gaming 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 Cloud Gaming market is driven by rising internet penetration, access to strong smartphones and impact of Covid-19. However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries.

With the increasing collaborations and emergence of new products, the Global Cloud Gaming market is changing rapidly. For instance, in 2022, NVIDIA Corporation launched an upgraded GeForce RTX 3080 graphics card with 12GB of memory for the fastest frame rates, low latency, and highest resolutions.

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In 2022, Tencent Games decided to Publish PUBG Mobile and PUBG Mobile Lite under Banner of Level Infinite.

Furthermore, In 2021, NVIDIA Corporation collaborated with Electronic Arts Inc. by bringing HIT Games to increase GeForce NOW’s gaming platform

In 2021, Blacknut collaborated with Communications and Entertainment Group NOS to provide a proper gaming experience with the help of 5G across Portugal and also aims to offer around 450+ games over the 5G network.

In 2021, Tencent launched Level Infinite to deliver high-quality games to a global audience by offering technical and production assistance.

The Global Cloud Gaming Market is forecasted to continue an exponential growth that is witnessed since 2017. It is primarily driven by 5G technology’s low latency capability and the increasing number of gamers across the globe. Though the market is highly competitive with over 500 participants, few global players control the dominant share, and regional players also hold a significant share.

By Offering

• Infrastructure

• Gaming Platform Services

By Device Type

• Smartphones

• Tablets

• Gaming Consoles

• PCs & Laptops

• Smart TVs

• Head-Mounted Displays

By Solution

• Video Streaming

• File Streaming

By End User Segment

• Casual Gamers

• Avid Gamers

• Hardcore Gamers

By Geography

• NORTH AMERICA (USA, Canada, Mexico)

• LAMEA (Latin America, Middle East, Africa)

• EUROPE (UK, France, Germany, Italy, Spain, Rest of Europe)

• ASIA-PACIFIC (China, India, South Korea, Australia, Indonesia, Japan, Rest of Asia Pacific)

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Global Cloud Gaming Market Size, Segments, Outlook, and Revenue Forecast 2022-2028: Ken Research

Global Grease market revenue to reach US$ 7 Bn by 2028: Ken Research

 Global Grease Market By Geography

The Global Grease market is segmented by geography into North America, Europe, Asia- pacific and LAMEA.

The Asia Pacific accounted for the largest market share within the global grease market, accounting major chunk of total market revenue in 2022 as it houses most of the lubricating companies.

According to the Indian Brand Equity Foundation (IBEF), a semi-government trust formulated by the department of commerce. Mentioned that an investment of US$107 billion is forecasted in the Indian chemicals and petrochemicals sector by 2025, the demand for chemicals is expected to widen by 9% per annum by 2025.

Europe is expected to be the 2nd fastest growing region during the forecasted period because of the rising demand for electric vehicles.

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Competition Scenario In Global Grease Market

The Global Grease market is highly competitive with approximately 200 players which include globally diversified players, regional players as well as a large number of country-niche players having their niche in Grease production to multiple end-user industries. Most of the country-niche players are dealing in the production and manufacturing of lubrication.

Large global players control about 40% of the market, while regional players hold the second largest share. Some of the major players in the market include Castrol India, Royal Dutch, Exxon Mobil, Eni, Chevron Corporation, FUCHS Petrolub, Sinopec Corporation, Total Energy, ENEOS Corporation, Phillips 66, CITGO, Indian Oil Corporation Ltd., and others.

The leading global specialist companies such as Exxon Mobil, Chevron Corporation, and Castrol are highly focused on providing a full segment of grease for multiple solutions and multiple end users.

What Is The Expected Future Outlook For The Overall Global Grease Market Across The Globe?

The Global Grease 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 Grease market is driven by increased automation in multiple industries and rising demand from the automotive sector. However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries.

With the increasing acquisitions and emergence of new products, the Global Grease market is changing rapidly. For instance, In February 2022, RelaDyne acquired The Farley Company, a distributor of an extensive line of lubrication and chemical products. This acquisition will expand RelaDyne’s distribution capabilities in the northern Ohio area, Columbus, and Akron markets.

Furthermore, In June 2021, Castrol India announced the launch of Castrol On, a range of advanced e-fluids for improved electric vehicle performance. Castrol On advanced grease EV fluids protects the component in EV’s motor for higher efficiency and long-lasting.

FUSCH announced in its Annual Report for FY21, New plant in Kaiserslautern, Germany will produce custom-made polyurea greases for e-mobility and wind power. US$15.5 million was invested in the 3 German sites in Mannheim, Keil, and Kaiserslautern.

The Global Grease Market witnessed significant growth during the period 2017-2021, primarily driven by growing demand from the automotive industry, and rising end-user industries. Although the growth rate is expected to remain neutral in the forecasted period, the use of Grease is anticipated to remain strong as multiple industries required lubrication in machinery.

Though the market is highly competitive with approximately 200 participants, few global players control the dominant share and regional players also hold a significant share.

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Key Topics Covered in the Report

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

 Key Profiled Companies Mentioned in the Report

• Castrol
• Royal Dutch
• Exxon Mobil
• Eni
• Chevron Corporation
• FUCHS PETROLUB SE
• Sinopec Corporation
• Total Energy
• ENEOS Corporation
• Phillips 66
• CITGO
• Indian Oil Corporation Ltd.

Notable Emerging Companies Mentioned in the Report

• Inzin
• GreaseBoss
• Bansal Oil and Lubricants Co.
• Henan Dongsen Lubrication Technology Co., Ltd.
• Ganga Sagar Trading Co.
• Continental Oils & Lubricants FZE

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

• Grease Manufacturing Companies
• Grease Distributors
• Grease Traders
• Grease Material Supplier Companies
• Potential Investors in Grease Companies
• Lubrication Association
• Grease Association
• Oil and Lubrication Sector
• Lubrication Manufacturing Companies
• Research & Development Institutes
• Government Investors
• Consulting companies in the lubrication sector
• Grease component providers
• Non-Soap and Metallic Soap component manufacturers
• Government and research organizations
• Investment banks
• Investors and financial community professionals
• Investment Funds

Time Period Captured in the Report

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

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Global Grease Market

Global Grease market expected to record a CAGR of ~5% during the forecast period (2017-2028): Ken Research

 What Is The Size Of Global Grease Industry?

Global Grease market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD Bn by 2028F.

The Grease Market is largely driven by increased automation in multiple industries and rising demand from the automotive sector.

Rising demand from the automotive sector is one of the key factors driving the grease market. Grease is used in vehicles for suspension, chassis, arm-shafts, u-joints, and others. As per the International Organization of Motor Vehicle Manufacturers, an organization working in the interest of vehicle manufacturer and assemblers, stated that vehicle production increased by 3% from 2020 to 2021 after declining by 13% from 2019 to 2020.  Automotive is the largest end-user of grease, increasing demand for vehicles will directly help the grease market.

The grease used in heavy equipment, wind power, aerospace, and food industry is specifically manufactured and graded by companies. As per International Air Transportation Association (IATA), a trade association for the world’s airlines, mentioned in the fact sheet for June 2022, cargo aerospace revenue is US$ 100.08 billion and is estimated to grow by US$191 billion from 2019 to 2022.

Furthermore, Environmental concern is one of the major challenges for the grease market as waste material is discharged to the nearby waterbodies. For instance, the Lubricating Oil and Greases Order, 1987 is an act passed in India which overlooks the restrictions imposed on the processing and storing of greases and lubricating oils.

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Global Grease Market By Thickener

The Global Grease market is segmented by Thickener into Metallic Soap, Non-Soap and Inorganic.

Metallic soap holds the largest share of the Global Grease market in 2022. Metallic soap thickener greases used in multiple industries such as automotive, manufacturing, steel, marine, construction, and others.

Sodium hydroxide, lithium hydroxide, and other materials are mixed with organic fatty acids in the oil and heated to prepare metallic greases.

Metallic soap is the most common type of thickener used in the industry. There are multiple varieties of metallic soap greases are available in the market such as lithium, calcium, aluminum, and others.

Global Grease Market By Base Oil

The Global Grease Market is segmented by Base Oil into Mineral Oil, Synthetic Oil and Bio-Based Oil.

Mineral oil segment accounted for the largest market share in 2022, as it used for multiple applications such as bearings, chains, gears, slides, and threaded connections.

According to Enerdata, an energy intelligence company, stated in a report that global crude oil output rose by less than 1% in 2021 after a 7.4% drop in 2020.

In 2021, as stated by Enerdata, the US crude oil production (17% of global output) increased by 1.3%. Increased production of crude oil is likely to propel the growth for mineral oil.

Global Grease Market By End-User

The Global Grease market is segmented by End-User into Automotive, Power Generation, Food & Beverages, Aerospace, Chemical Manufacturing and Mining and Metals.

Automation and transportation dominated the end-user segment in 2022, as grease is used in lubrication of suspension, chassis, arm-shafts, u-joints, and others.

According to the Organization of Vehicle Manufacturers (OICA), China was the largest producer of motor vehicles with 26 million units in 2021, an increase of 3% from 2020. India was the second largest producer of motor vehicles in the Asia Pacific with 4.4 million units in 2021, with an increase of 30% from 2020.

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Key Topics Covered in the Report

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

 Key Profiled Companies Mentioned in the Report

• Castrol
• Royal Dutch
• Exxon Mobil
• Eni
• Chevron Corporation
• FUCHS PETROLUB SE
• Sinopec Corporation
• Total Energy
• ENEOS Corporation
• Phillips 66
• CITGO
• Indian Oil Corporation Ltd.

Notable Emerging Companies Mentioned in the Report

• Inzin
• GreaseBoss
• Bansal Oil and Lubricants Co.
• Henan Dongsen Lubrication Technology Co., Ltd.
• Ganga Sagar Trading Co.
• Continental Oils & Lubricants FZE

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

• Grease Manufacturing Companies
• Grease Distributors
• Grease Traders
• Grease Material Supplier Companies
• Potential Investors in Grease Companies
• Lubrication Association
• Grease Association
• Oil and Lubrication Sector
• Lubrication Manufacturing Companies
• Research & Development Institutes
• Government Investors
• Consulting companies in the lubrication sector
• Grease component providers
• Non-Soap and Metallic Soap component manufacturers
• Government and research organizations
• Investment banks
• Investors and financial community professionals
• Investment Funds

Time Period Captured in the Report

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

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

Global Grease Market

Global Cloud Gaming Market is expected to witness exponential growth of around 60% CAGR to 2022-2028: Ken Research

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What is the Size of Global Cloud Gaming Industry?

Global Cloud Gaming market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD Bn by 2028F.

The Cloud Gaming Market is largely driven rising internet penetration, access to strong smartphones and impact of Covid-19.

According to GSMA 2019, there were 5.2 billion smartphone connections globally and by 2025 smartphone usage is expected to reach around 80%. Due to this gaming developers are developing more mobile-based games. So that they can earn more revenue from people adopting the usage of smartphones.

Poor internet connectivity within some countries acts as a major barrier for the cloud gaming market as it requires high-speed internet with proper bandwidth and setting up such a connection might be expensive. So, lag in gaming or proper responsiveness of the game while playing might be an issue.

The pandemic of COVID-19 has substantially accelerated the use of cloud gaming devices and services as due to lockdown restrictions people were mostly locked in their places and cloud gaming did not require any additional hardware and can be played almost on any device turning it into their pass times during lockdown.

Global Cloud Gaming Market by Offering

The Global Cloud Gaming Market is segmented by Offering into Infrastructure and Gaming Platform Services.

In the Global Cloud gaming market, the Gaming Platform Services segment is the fastest growing during the forecast period.

Gaming Platform Services reduce the limitations based on graphics performance, storage requirements, and processing power and provide an amazing gaming experience.

With the help of Gaming Platform Services gamers don’t have to wait for downloading and installation of the game which provides an added advantage. In 2022, Meta launched the game development platform Crayta to Facebook Gaming’s cloud streaming service that lets one build and play games with friends in real time.

Global Cloud Gaming Market by Device Type

The Global Cloud Gaming Market is segmented by Device Type into Smartphones, Tablets, Gaming Consoles, PCs & Laptops, Smart TVs and Head-Mounted Displays.

Tablets, PC & Laptops segment holds the largest market share in 2021

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Early acquisition of Tablets, PC & Laptops led to the development of innovative games as gamers were already using PC & tablets from before so it has already captured the market and these devices are expected to still capture the largest market share because devices are constantly updating their configuration for better performance.

In June 2022, Microsoft launched Xbox Cloud Gaming in New Zealand and Argentina. Ultimate subscribers of XBOX Game Pass can stream more than 100 games to phones, tablets, PCs, and Samsung TVs.

Global Cloud Gaming Market by Solution

The Global Cloud Gaming Market is segmented by Solution into Video Streaming and File Streaming.

The File Streaming Solution segment of the Global Cloud Gaming Market is expected to have the largest market share during the forecast period

This technology allows players to have access to the game after downloading a small number of files to their devices. It allows game developers to decrease the cost of media production and send patches to gamers.

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By Offering

• Infrastructure

• Gaming Platform Services

By Device Type

• Smartphones

• Tablets

• Gaming Consoles

• PCs & Laptops

• Smart TVs

• Head-Mounted Displays

By Solution

• Video Streaming

• File Streaming

By End User Segment

• Casual Gamers

• Avid Gamers

• Hardcore Gamers

By Geography

• NORTH AMERICA (USA, Canada, Mexico)

• LAMEA (Latin America, Middle East, Africa)

• EUROPE (UK, France, Germany, Italy, Spain, Rest of Europe)

• ASIA-PACIFIC (China, India, South Korea, Australia, Indonesia, Japan, Rest of Asia Pacific)

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Global Cloud Gaming Market Size, Segments, Outlook, and Revenue Forecast 2022-2028: Ken Research

 

Global Ethernet Controller Market is expected to reach US$ 15 Bn in 2028 growing with a CAGR of ~7%: Ken Research

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What Is the Size of Global Ethernet Controller Industry?

Global Ethernet Controller market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD Bn by 2028F.

The Ethernet Controller Market is largely driven by increasing use of servers in data centers, surging number of OTT broadcasting service providers and traditional broadcasters.

Data-intensive applications like cloud computing and big data continue to drive the demand for servers in ethernet controllers. Large terabits of data from such applications to data centers and vice versa move each second and moving this data into data centers requires a strong infrastructure efficient for handling the distribution of high-bandwidth data with high IP traffic to and from storage endpoints, main switches, and high-end switches.

Ethernet controllers help link these devices with the help of media access control addresses. Thus, the rise in demand for these data-intensive applications helps in market growth.

In March 2020, Ethernity Networks introduced its ENET-D, an Ethernet controller technology in addition to its ACE-NIC100 SmartNIC that efficiently processes millions of data streams and provides performance acceleration for network and security devices.

Furthermore, the challenges faced by the Ethernet Controller Market are the high prices associated with ethernet controllers that pose a challenge to generating revenues for the companies. Another challenge is the need for continuous updates of the drivers.

Global Ethernet Controller Market by Bandwidth Type

The Global Ethernet Controller Market is segmented by Bandwidth Type into Fast Ethernet, Ethernet and Switch Ethernet.

In the Global Ethernet Controller Market, the Fast Ethernet segment held the largest market share in 2022.

The installation of new and advanced software and increasing transfer rates are accelerating the demand for this segment.

According to CommNet, a manufacturer of audio, video, data, and ethernet communication products, Fast Ethernet transmission is at least 10 times faster than normal ethernet and proves to be useful in maintaining compatible connections to servers with high speed, decreasing bandwidth bottlenecks for network systems operating multiple IP videotape cameras and IoT, and seamlessly supporting complex networks that run multiple bandwidth-intense software packages at the same time.

Global Ethernet Controller Market by Function

The Global Ethernet Controller Market is segmented by Function into PHY (Physical Layer) and integrated.

The PHY (Physical Layer) segment held the largest market share in 2022 in the Global Ethernet Controller Market.

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An Ethernet PHY is designed to deliver error-free transmission over a variety of media to reach distances that exceed 100m.

In December 2021, Marvell declared the industry’s first 802.1 AE MACsec integrated dual 1000BT1 and 100BT1 PHYs.

The new products aid OEMs in transitioning toward software-defined vehicles, where secure data communication is a critical need, extending Marvell’s portfolio in automotive Ethernet PHY. These Ethernet PHY solutions enable energy-effective, secure in-vehicle networks and help in achieving functional safety compliance at the system level.

Global Ethernet Controller Market By Application

The Global Ethernet Controller market is segmented by Application into Servers, Embedded Systems, Consumer Application, Routers and Switches, Desktop Systems and Others.

In the Global Ethernet Controller Market, the servers segment held the largest market share in 2022.

The enterprise migration to the cloud and the role of emerging technologies such as artificial intelligence, the Internet of Things (IoT), and analytics are increasing the use of servers.

For instance, Oracle Big Data Appliance includes five or more servers and the technology to connect the servers to the network. The network connections allow the servers to be administered remotely and allow customers to connect to them.

Global Ethernet Controller Market By Geography

The Global Ethernet Controller Market is segmented by geography into North America, Europe, Asia- pacific and LAMEA.

The Asia Pacific Ethernet Controller Market is expected to be the fastest-growing market during the forecast period in the Global Ethernet Controller Market.

This growth is due to the growing use of ethernet controllers in consumer usage, servers, and desktop systems in the region and increases in demand for (Voice over Internet Protocol) VoIP solutions, gaming consoles, and digital signage.

According to Cisco Korea, in 2021, internet applications reached 7.7 exabytes per month compared to about 3.4 exabytes in 2016. In addition, the growth of IoT and 5G deployed are also playing a significant part in driving the demand.

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By Bandwidth Type

• Fast Ethernet

• Ethernet

• Switch Ethernet

By Function

• PHY (Physical Layer)

• Integrated

By Application

• Servers

• Embedded Systems

• Consumer Application

• Routers and Switches

• Desktop Systems

• Others

• By Region

North America

• USA

• Canada

• Mexico

• Germany

• UK

• France

• Italy

• Spain

• China

• Japan

• India

• Australia

• South Korea

• Europe

Asia Pacific

• LAMEA

• Latin America

• Middle East

• Africa

Key Companies

• Intel Corporation

• Broadcom Inc.

• Cirrus Logic Inc.

• Silicon Laboratories

• Texas Instrument Incorporated

• Marvell Technology Group Ltd

• Microsemi Corporation

• Realtek Semiconductor Corp.

• Mindspeed Technologies Inc.

• Siemens AG

• OMRON Corp.

• Comlab Telecommunications Inc.

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

Global Ethernet Controller Market Size, Segments, Outlook, and Revenue Forecast 2022-2028: Ken Research

Philippines Medical Education Market is in Growing Stage, driven by its Quality Education & increasing popularity

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1. Philippines Medical Education is one of the Finest especially in terms of cost of the Course as well as other Medical Training

The medical education system in Philippines is highly exclusive & offers a variety of specialized courses such as Anesthesiology, Gynecology, Pediatrician, Surgery, Internal Medicine, Ophthalmology and more. Specialization in Philippines is regarded as residency program as well the fellowship program (Training Programs) for collectively 5 Years. Moreover, there is a dedicated board for each specialization that conducts an exam which is mandatory for every doctor to be qualified as a specialist. When it comes to the overall structure, Philippine’s Medical Education System resembles a lot with the American system thereby increasing its popularity. This can be easily understood with the increasing number of Opthalmology & Internal medicine graduates represented in the graph. It is also important to note that when it comes to competition scenario, Philippines has a highly competitive market packed with private universities. As per data, Private Universities hold a major chunk of the market with 81% market share while Public Universities hold 19% of the same.

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2. Philippines has been a Great Environment to Accommodate Students especially International Aspirants

Philippines has shown a very welcoming environment for the foreign students. Clinical practice requires an intensive training program and hence a good communication can be helpful for both the patient and the doctor. There has been an increase in the initiatives taken by the government to tackle the low doctor to patient ratio.  This was majorly seen in the Philippine Health Agenda 2016–2022 that included the prospect of education for most students in rural areas. The other factor that has made the system popular is its flexibility wherein each university can mold its own curriculum based on the approved national schema. Since the country has a low doctor to patient ratio, it brings a great opportunity. Philippines, unlike most European countries, has a lower cost of living which attracts a great deal of foreign students. The cheap cost of living allows them to not only study at an affordable cost but also live comfortably.

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3. Emigration of Highly Trained Medical Practitioners is a major hurdle in Philippines Healthcare Ecosystem 

There is no structure or one way exam to get into residency programs in Philippines. The emigration of highly trained or intelligent medical staff from Philippines to countries like USA, UK, Canada and others is a serious problem for the healthcare system. Moreover, many qualified Filipino medical personnel are recruited to work overseas, leaving the medical industry short-handed. The country has approximately just one physician per 33,000 residents, which is significantly worse than in other countries. There is also lack of support staff including medical technicians and midwifes. Despite the large number of doctors produced annually, many medical and healthcare positions in rural and geographically isolated and disadvantaged areas (GIDAs) remain vacant since work opportunities in the urban setting and abroad appear more attractive and profitable.

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Philippines Medical Education Market: Ken Research 

The Government aims for wide adoption of 3D printing technology in the UAE by 2030: Ken Research

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1. Due to the rise of the COVID-19 pandemic in the UAE this technology was used for the purpose of manufacturing commercially.

3D printing has been around since the early 1980s, but the technology wasn't employed for business R&D until the early 21st century the 3D printing market in UAE grew at a double-digit positive CAGR between 2016 and 2021P. The expansion is linked to several government measures proposed since 2016 to encourage the growth of the 3D printing sector. Restrictions on free trade and imports in the UAE as a result of Covid-19 aided in the establishment of local production of items employing 3D printing technology. The increased worldwide research and development in 3D printing has resulted in new improvements, making the technology more user-friendly.

2. Flexibility, Freedom, and reduced time for product development at reduced costs drive the modern-day consumer of 3D technology.

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With rising per capita income, the need for uniqueness, the expansion of e-commerce, and smart consumer interaction methods, there is a growing demand for considerable degrees of personalization. Previously, standard production processes did not allow for this. Growing customization choices are likely to stimulate increased demand from end users in a variety of industries, including healthcare, automotive, aerospace, consumer products, and so on. Additionally, 3D printing acceptance and growth are linked to organisations migrating from prototype to manufacturing. As technology advances and 3D printer performance improves, adaptability is making its way into the market on a wide scale. Because models are now built utilising software models, design development and redesign issues may be solved by revising and uploading new files to the programme, reducing the time between ideation and prototype. This minimizes the expense of retooling and replicating the prototype through trial and error significantly.

3. In the next years, 3D printing technology will become as widespread in every household as regular printers were previously.

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Despite the fact that the CAGR of 2021P-26F is significantly lower than the CAGR of 2016-2021P, the industry will remain in a growth phase until 2040, since the rise in the industry in 2021 was an exception and not the typical market pattern. In the coming years, 3D printing technology will become as widespread in every household as standard printers were. Previously, everyone had to go to internet cafés to get prints, but now they don't even have to be present at the workstation to print a file. The adoption of 3D printing would follow a similar pattern in the coming years as the technology progresses and firms attain more efficiency in system performance.

4. Manufacturing using 3D printing techniques will not be economically feasible for longer production runs, at a larger scale.

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The lack of finishing quality is one of the technology's primary drawbacks. Dimensional inaccuracy is frequent in 3D-printed goods, making product uniformity difficult. Post-printing operations are critical in providing the appropriate finish in a product. Some techniques include support removal, electroplating, epoxy coating, polishing, and so forth. Moreover, despite being more cost-effective in the long term, 3D printing equipment and materials have excessive initial installation and running costs, preventing significant market penetration. Furthermore, since the structure is printed using a concrete mix, there is also a limitation on the design of the building. A sharp corner, without any metallic beam, might cause extreme stress on the corners, and hence might lead to cracks. Therefore, the structure is majorly going to be in a curve at the edge.