Future Outlook of US Data Center Market: Ken Research

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What Is The Size Of Us Data Centre Industry?

US Data Centre market is growing at a CAGR of ~% in 2017-2022 and is expected to reach USD ~ Bn by 2027.

The US Data Centre Market is largely driven by boost in the technological innovation & subsequent integration in the market.

In recent years, the impact of technological advancements has revolutionized the industry. The increasing use of 5G services alongside its integration in the market has helped boost the industry profits. Moreover, implementation of green energy by companies such as Microsoft has also increased the confidence of stakeholders.

The US Data Centre market is currently expanding. The pandemic has caused people to work from home as a result of which data center is no longer a want rather a need. Thus, in the aftermath, the market has seen emergence of new startups & growth in the profits of existing companies such as Microsoft & Google.

The market has seen a stable growth as a result of favorable government policies such as integration of green energy in the setting up of facilities.

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Us Data Centre Market By Type of Services

The US Data Centre market is segmented by services into monitoring services, professional services, system integration. There is a preference towards professional services as the market is growing at a rapid pace with endless opportunities.

Us Data Centre Market By Solution

The US Data Centre market is segmented by Solution into Power, Server, Management software, Networking technology & Cooling. The market preference is towards Management Software due to a vast number of startups entering the market alongside increasing number of opportunities.

Us Data Centre Market By ICE/EV

The US Data Centre market is segmented by Type into Enterprise Data Centre, Colocation Data Centre, Managed Service data Center, Cloud Service Data center. The market preference is towards Cloud Service Data Center.

Us Data Centre Market By End User

The US Data Centre market is segmented by End user into Healthcare, IT, Telecom. The market is towards IT owing to increase in digitalization of every sector alongside an increasing push by the government to integrate technology into various domains.

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Competition Scenario In Us Data Center Market

US’s Data Centre Market is a fragmented market which is still in the growing phase. With technology integration in the country and more favorable government policies are the major reason for the entrance of the new players. Sone of the major players in the US Data Centre market are Google Cloud, Microsoft Corp, NTT, Cyrus One, Equinix & IBM.

What Is the Expected Future Outlook for the Overall Us Data Centre Market Across the Globe?

The US Data Centre market was valued at USD ~billion in 2022 and is anticipated to reach USD ~billion by the end of 2027, witnessing a CAGR of ~% during the forecast period 2022-2027F. 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 US Data Centre market is driven by boost in technology integration, government initiatives on infrastructure development. However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries.

The US Data Centre Market will expand in the coming years as a result of the increased focus of Data Centre companies on infrastructure development, entry of new players. With this trend, the inflow of investments will increase in the future.

Time Period Captured in the Report:

• Historical Period:2017- 2022
• Base Year: 2022
• Forecast Period: 2022-2027

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Key Target Audience:

• Hospital
• ASC
• Consulting service Providers
• Government
• IT Service providers

Companies Covered:

• Amazon Web Services
• Google Clouds
• Cyrus One
• NTT
• IBM
• Verizon
• Flexential
• Switch
• Microsoft Corporation

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US Data Center Market

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Thailand Data Center & Cloud Services Market Outlook 2027

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Global Silicon Metal Market is expected to reach nearly 4.0 thousand KT by 2028: Ken Research

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What Is the Size of Global Silicon Metal Industry?

Global Silicon Metal market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD Bn by 2028F. The Silicon Metal Market is largely driven by increasing demand for silicon metal in various industries such as automobiles, solar, battery materials, refractory materials, and others.

Growing demand for silicon in the automotive industry along with increasing penetration of electric vehicles globally are anticipated to propel the growth of the global silicon metal market during the forecast period, due to their properties such as corrosion resistance, low thermal expansion, low wear rates, and others is likely to propel the growth of the global silicon metal market.

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

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

Global Silicon Metal Market By Product Type

The Global Silicon Metal market is segmented by Product type into Metallurgy Grade and Chemical Grade. The metallurgy grade segment held the largest share of the global silicon metal market by product type in 2022, owing to the growing demand for high-purity metals for the production of steel and cast iron.

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

Global Silicon Metal Market By Application

The Global Silicon Metal Market is segmented by Application into Aluminum Alloys, Silicone, Semiconductors and Others. The aluminum alloys segment accounted for the largest share of the global silicon metal market in 2022, attributed to the growing demand for silicon metals for the production of automotive aluminum alloy.

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

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Global Silicon Metal Market By Geography

The Global Silicon Metal market is segmented by geography into North America, Europe, Asia- pacific and LAMEA. Asia-Pacific region accounted for the largest share of the global silicon metal market in 2022, due to the presence of a large production base of silicon and aluminum.

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

Competition Scenario In Global Silicon Metal Market

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

Regional players comprise ~55% of the total number of competitors, while the country-niche players comprise the second highest of the total number of competitors. Some of the major players in the market include Ferroglobe, Dow, Elkem ASA, RIMA INDUSTRIAL, RusAL, LIASA, Hoshine Silicon Industry Co., Ltd., Zhejiang kaihua yuantong silicon industry co. LTD, Anyang Wanhua Metal Material Co. Ltd., and Shin-Etsu Chemical Co., Ltd., among others. The leading global silicon metal companies such as Ferroglobe, Dow, and Elkem ASA are highly focused on expanding their business and production capacity of silicon metal to meet the demand of end-users.

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What is the Expected Future Outlook for the Overall Global Silicon Metal Market Across the globe?

The Global Silicon Metal 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 Silicon Metal market is driven by increasing demand for silicon metal in various industries such as automobiles, solar, battery materials, refractory materials, and others. 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 Silicon Metal market is changing rapidly. For instance, In October 2022, Ferroglobe announced to restart of its 55,000-ton silicon metal facility in South Africa. The company aimed to increase its production capacity to fulfill the demand for silicon metal among end-users and to address the issue of the volatile energy market in Europe.

In November 2021, Dow introduced a new commercially available service named DOWSIL Silicones for carbon-neutral silicon to build facades. The carbon-neutral silicon is used for insulating glass, weather sealing, and structural glazing. The product is PAS 2060-verified to help decrease the environmental impact of buildings. The company aimed to develop sustainable and innovative solutions for the infrastructure and buildings market.

The global silicon metal market is forecasted to continue positive growth, primarily driven by the growing demand for silicon metal in various industries such as automotive, semiconductor, and others. The increasing demand for silicon metal in the automotive industry, especially to manufacture electronic vehicles along with supportive initiatives by governmental bodies for electric vehicles is anticipated to propel the growth of the market. Though the market is highly competitive with ~300 participants, regional players control the dominant market share.

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Global Silicon Metal Market

The Quick Commerce market in India is currently positioned at INR 8,500 Cr. Will India be able to stand on this growth trajectory? : Ken Research

 1. Convenience Seekers such as GEN Z, inclined towards Unplanned Purchases are the Major Addressable Audience for India Quick Commerce Market   

                         

Trends and Developments in India Quick Commerce Market

• Ideal target audience for India quick commerce service providers are smartphone users in urban areas.
• Companies are focusing on developing strategies to attract customers and thereafter undertake strategies to retain those customers by regularly engaging with them.
• Gen Z and Active buyer Gen X population who tend to do unplanned purchases are the major target audience for India Quick Commerce market. Employed Population in India stood at 593 Mn as of third quarter, 2021⁴.

Opportunity lies for the company to gain traction from female and male tech – friendly working population.

2. Market Entry of Major players in the Quick Commerce Market has boosted the overall market by inculcating new features individually  

                        

 

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• Blinkit-Earlier Established Brand name of Grofers – Do not have to build the market from scratch to make presence in the quick commerce segment.
• Wide Product Assortment – 5000+ Products across different categories
• Swiggy-Existing brand name of Swiggy food delivery services has made the way much easier for Instamart in all possible dimensions right from targeting the regions to expand to marketing and advertising strategies and platforms as well as gaining the customer base in a very short span of time.
• Zepto Delivering majority of the orders within the estimated Time Range and aggressively capturing the quick commerce market in all those cities where it is having its' presence.
• Dunzo- Strong marketing and advertising strategies to get into the limelight as a major quick commerce market player.
• Already established name of Dunzo as pick up and drop delivery service company has been benefitting Dunzo Daily to quickly gain customers and their loyalty as well.

3. Technological Advancement in India Quick Commerce Market

                   

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The ultra-fast delivery promise needs precision in operations for timely order fulfilment. Automation can facilitate this. It not only speeds up the process but can also designate tasks to the right delivery partner/resource without errors.

Some e-commerce businesses already recognize EVs as a cost improvement measure, in addition to improving customer satisfaction and meeting regulatory compliance and ensuring sustainable progress.

The intelligent auto allocation engine quickly considers various constraints such as cost, driver workload, proximity to customer location, weight, etc., before assigning the task to the nearest delivery executive for faster turnaround.

Major retailers such as Walmart and Amazon have been extending into voice assisted online shopping, through Amazon Alexa and Google Assistant smart home speakers.

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Global Semiconductor Metrology and Inspection Equipment Market is expected to reach approximately US$ 15 billion by 2028: Ken Research

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What Is the Size of Global Semiconductor Metrology & Inspection Equipment Industry?

Global Semiconductor Metrology & Inspection Equipment market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD 15 Bn by 2028. The Semiconductor Metrology & Inspection Equipment Market is largely driven by rising demand for the miniaturization of electronic circuits in consumer electronic devices. Additionally growing smart devices application, rising industrial automation, and widespread chip integration in vehicles propel the demand for semiconductors globally.

Due to the increase in the number of smartphones and also due to the miniaturization of gadgets the proper inspection of the semiconductor manufacturing is important so that it does not cause any malfunction which results in a short circuit and damages the product. The challenge faced by the global semiconductor metrology and inspection equipment market is the high dependence of countries like the USA on China for semiconductor parts. On the other hand, high investments and maintenance expenses and the complications of structure and functional defects in manufacturing procedures are expected to obstruct the market growth.

COVID-19 heavily affected the global semiconductor metrology and inspection equipment market. Manufacturing sectors suffered severe losses due to factory shutdowns and fewer production volumes which prevented the growth of the automotive, electronics & semiconductor markets.

Global Semiconductor Metrology & Inspection Equipment Market By Type

The Global Semiconductor Metrology & Inspection Equipment market is segmented by type into Lithography Metrology, Wafer Inspection, Thin Film Metrology and Other Process Control Systems. The lithography metrology type segment held the largest market share in the Global Semiconductor Metrology and Inspection Equipment Market in 2022.

With nonstop transitions, such as the miniaturization of nodes and wafer sizes, the growth in demand for accelerating wafer sizes for ultra-large-scale integration fabrication technology has fostered the growth of lithography metrology equipment.

Global Semiconductor Metrology & Inspection Equipment Market By Organization Size

The Global Semiconductor Metrology & Inspection Equipment market is segmented by Organization Size into Large Enterprises and Small Enterprises. The large enterprise segment held the largest share of the Global Semiconductor Metrology and Inspection Equipment Market in 2022.

Large enterprises are generally the major end-user of the market. This comprises foundries, similar to TSMC and Global Foundry, and integrated device manufacturers, similar to Intel Corporation and Samsung which play a major part in the growth of this segment.

Global Semiconductor Metrology & Inspection Equipment Market By Geography

The Global Semiconductor Metrology & Inspection Equipment market is segmented by geography into North America, Europe, Asia- pacific and LAMEA. Asia Pacific accounted for the largest market share in 2022 within the total Global Semiconductor Metrology and Inspection Equipment Market.

The Asia Pacific is one of the prominent regions for the semiconductor industry regarding manufacturing and application. According to the Secretariat of Industrial Approvals (SIA), Asia Pacific is the largest indigenous semiconductor market, and China is the largest single-country market.

Additionally, in the region, the trend toward multiple-layer measurement is expanding due to the use of cluster deposition systems, where the lack of reality of single-layer measurement is driving the demand. Also, the fab manufacturers are shifting process monitors from bare wafers to production wafers due to the high cost and inspection challenges faced by the miniaturization of wafers.

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Competition Scenario In Global Semiconductor Metrology & Inspection Equipment Market

The global semiconductor metrology and inspection equipment market is highly competitive with ~150 players which include globally diversified players, regional players as well as a large number of country-niche players. Country-Niche players comprise the highest share of 50% total competitors which is followed by the regional players holding a 35% share. Some of the major players in the market include KLA Corporation, Applied Materials Inc., Onto Innovation Inc. Thermo Fisher Scientific Inc., Hitachi High-Tech Corporation, Nova Ltd., ASML Holding NV, Lasertec Corporation., JEOL Ltd.., Nikon Metrology NV, Camtek Limited., Unity Semiconductor SAS, and others.

What Is the Expected Future Outlook for the Overall Global Semiconductor Metrology & Inspection Equipment Market Across the Globe?

The Global Semiconductor Metrology & Inspection Equipment market was valued at USD ~billion in 2022 and is anticipated to reach USD ~billion by the end of 2028, witnessing a CAGR of ~% during the forecast period 2022-2028. 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 Semiconductor Metrology & Inspection Equipment market is driven by rising demand for the miniaturization of electronic circuits in consumer electronic devices. Additionally growing smart devices application, rising industrial automation, and widespread chip integration in vehicles propel the demand for semiconductors globally. However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries.

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With the increasing collaboration and emergence of new products, the Global Semiconductor Metrology & Inspection Equipment market is changing rapidly. For instance, In July 2022, Onto Innovation Inc., declared the launch of its innovative acoustic metrology products. The new Echo system further expands the transferable request for in-line characterization of opaque films, which is estimated to be roughly USD 110 million, by using the principle of picosecond ultrasonic to deliver critical thickness metrology and material characterization for crucial technology transitions in the DRAM and high- stack NAND memory markets.

In June 2022, Hitachi High-Tech Corporation declared the launch of the Hitachi Dark Field Wafer Defect Inspection System DI2800, a critical element in semiconductor manufacturers’ metrology capabilities. The DI2800 is a high-speed metrology system designed to identify faults and particles on patterned wafers up to 8 inches (200 mm) in diameter. Its high output and performance can help assure device trust ability and safety, particularly for largely sensitive operations like the Internet of Things (IoT) and automotive fields where 100 inspections are needed.

The global semiconductor metrology and inspection equipment market is forecasted to continue a gradual growth that is witnessed during the forecast period. Key trends driving market expansion include the increasing demand for the miniaturization of electronic circuits in consumer electronic devices and rising industrial automation and widespread chip integration in the demand for the studied market. The market is highly competitive with ~150 participants concentrating on expansion strategies through product innovations as well as acquisitions and mergers.

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Global Semiconductor Metrology Market

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

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What Is the Size of Global Quantum Computing Industry?

Global Quantum Computing market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD 2 Bn by 2028. The Quantum Computing Market is largely driven by demand for high-performance computing and influx of government investments. The quantum computing sector will grow as a result of governments investing more money in the field. The development of quantum computing technology has the potential to alter the dynamics of the strategic balance of trade, power, and military affairs. To build and expand quantum computing systems, several countries aim to increase exploratory research on innovative technologies. Rising government spending on such solutions for a variety of applications is predicted to support the growth of the global quantum computing market.

The quantum computing sector faces several underlying intellectual hurdles despite rich development potential. One of the main factors limiting the market's expansion is the complexity of quantum computing solutions. The market's expansion is further hampered by compatibility problems and quantum entanglement during network communication.

Global digitalization has rapidly advanced since the start of the COVID-19 epidemic. The pandemic-induced changes to the world economy are proving difficult to adjust to, and businesses are working to maintain their digital transformation momentum while adjusting to the new norm of installing remote workstations. Quantum computing is still a key component of strong research capabilities in such circumstances.

Global Quantum Computing Market By Components

The Global Quantum Computing market is segmented by Components into Hardware, Software and Services. The hardware segment held the largest market share in 2022, Since hardware represents a substantial bottleneck in the ecosystem, growth in this sector is anticipated.

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

Global Quantum Computing Market By Application

The Global Quantum Computing market is segmented by Application into Optimization, Machine Learning, Simulation and Others. The machine learning segment held the largest market share in 2022, due to the growing popularity of such computing, the machine learning segment will gain ground.

Quantum algorithms are included in machine learning software as part of quantum machine learning. It becomes exceedingly challenging to systematically sort a large number of variables in complex models. Therefore, consumers can choose quantum computing technology to quickly and accurately resolve this complexity.

The Monte Carlo approach, for instance, employs sampling to estimate numerical quantities from a big dataset. Algorithms can speed up the implementation of the Monte Carlo method and cut down on calculation time, whereas quantum algorithms can speed up the execution speed of a solution.

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Global Quantum Computing Market By End-User

The Global Quantum Computing market is segmented by End-User into Aerospace & Defense, BFSI, Energy & Power, Healthcare, Information Technology & Telecommunication, Transportation and Others. BFSI segment held the largest market share in 2022, the market will grow as more of these computing systems are used in banking, financial services, and insurance.

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

Global Quantum Computing Market By Geography

The Global Quantum Computing market is segmented by geography into North America, Europe, Asia- pacific and LAMEA. Asia Pacific segment held the largest market share in 2022, chemicals, banking and finance, healthcare and pharmaceuticals, and other industries all have significant hubs.

Leading producers of consumer electronics, including smartphones, laptops, and gaming consoles in APAC include nations like China, Japan, and South Korea. In these industries, there is a need to tackle difficulties in applications of simulation, machine learning, and optimization.

Large and medium-sized businesses are developing in the region as a result of the rapid growth seen by APAC's growing economies and the increased use of cutting-edge technologies in the manufacturing industry. In consequence, this is increasing demand for quantum computing equipment and services in APAC.

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Competition Scenario In Global Quantum Computing Market

The global quantum computing market is highly competitive with ~200 players which include globally diversified players, regional players, and country-niche players with their niche in the quantum computing market.

Regional players constitute ~45% of the competitors, while the County-niche players are the second largest by type. Some of the major players in the market include Intel Corporation, Atos SE, IBM Corporation, Quantum Circuits, Inc., Microsoft Corporation, Google, Accenture, Toshiba Corporation, Hitachi Ltd, Huawei, and among others.

What is the Expected Future Outlook for the Overall Global Quantum Computing Market Across the globe?

The Global Quantum Computing market was valued at USD ~billion in 2022 and is anticipated to reach USD ~2 billion by the end of 2028, witnessing a CAGR of ~% during the forecast period 2022-2028. 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 Quantum Computing market is driven by demand for high-performance computing and influx of government investments. 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 Quantum Computing market is changing rapidly.

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

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

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Global Quantum Computing Market

Used cars sales in Singapore to cross over 120 Th units by 2025. Will Singapore continue the support for increased sale of used cars? : Ken Research

 1. Adoption of AI Technology and Easy Financing Options Contributing to C2B Platforms’ Growth

                             

Click to know: More technological Developments Singapore Used Car Market

• Leveraging technologies such as Artificial Intelligence & Virtual Reality

 to enhance the digital experience for consumers by offering 360° interior & exterior view of the car, estimating car price online via uploaded images, analyzing consumer behavioral insights to show relevant ads according to interests & more.

2. There is intense competition with various authorized dealerships, multi-brand & independent players competing on the basis of parameters such as warranty, inspection, quality checks, and value-added services.

                             

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• Larger number of consumers and dealerships are shifting online would require portals to innovate and offer additional services such as online car evaluation, certification, warranty among others.
• Value-added services such as vehicle inspection, financing options, insurance, ownership transfer & more is expected to be a focus area for used car dealers to provide a hassle-free experience to the buyers.
• Intense competition with various authorized dealerships, multi-brand outlets & independent (standalone as well as clustered dealers) operating in the industry.
• Easy availability of used car loans by various banks & NBFCs have led to the amplification of pre-owned car sales.
• Brands Competing Intensely on Value Added Services Offered

3. Emerging Green Car Loans in Singapore has amplified use of EV vehicles

                       

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• Singapore Government aims to replace Internal Combustion Engine vehicles in the country by 2040 and expand EV charging infrastructure significantly to 28,000 by 2030.
• In line with the above goal, Banks in the country such as DBS have launched “Green Car Loan” at interest rates as low as 1-2% p.a. to encourage car owners in Singapore to reduce their carbon footprint.

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A revenue generation of over USD 1 Bn registered by Vietnam Online Grocery Market in 2021. Will growth continue in the future?: Ken Research

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In 2016, Online Grocery Penetration was 0.12% which increased to 1.85% in the year 2021 with smartphone Users aged 25-44 being the major target audience, says a report by Ken Research 

1. Price, Delivery Cost and Delivery Time Amongst Most Influencing Factors tilting the consumer preference towards online shopping

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The most beneficial factor of shopping online was identified as a possibility to compare prices and buy at a lower price. Customer would prefer the operator that would offer similar products at a lower price. Grocery signifies urgency. Faster delivery increases the chances of regular and frequent orders and delivery fees, convenience charges or any other surcharges reduces the chances of regular orders. Moreover, customers prefer their orders to be delivered within the promised time slot, preferably between 6 – 9PM which has increased the demand for online platforms as the time slots are busy. Promotion techniques such as coupons, free samples, discounts, cashback offers increases the chances of customer retention. Hassle free payment, return & refund experience is an important factor in a purchasing decision. A clear return policy gives consumers a feeling of security which is often not the case in offline purchases. About 60% of online grocery shoppers prefers cash as mode of payment.

2. Covid-9 affected the growth of Online Grocery Market positively with people switching to Online platforms for grocery shopping

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Due to COVID-19 Outbreak, people avoided crowded places and turned to online grocery shopping amid escalating fears. Customer’s habits have completely changed during the pandemic, which led to the sudden shift from offline to online shopping. COVID-19 has also made cashless transactions more popular among consumers. With lockdown measures in place, people resorted to online means of purchasing groceries.

3. “Express Delivery:” Increasing demand for fast-delivery of groceries is anticipated to be seen in the upcoming years as people expect more online platforms

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Features such as Express delivery, increasing service innovation is Expanding product assortments to ensure 100% product availability at all times. Virtual shopping tour with available products. Enabling consumers to compare products, prices and read labels & Facilitators in terms of shopping lists i.e. multiple family members could add to a common grocery wish list will be expected in the upcoming years with the market growing at a CAGR of over 20%. Moreover, improvement in delivery infrastructure is also something that can be expected to be there in the online grocery market in Vietnam. All in all, availability of products, discounts, express delivery are some of the trends that can be seen during the forecasted period.

Expansion of Distribution Network Sets the Path for Used Car Sales to Reach More Than 2.5 Mn by 2026; What Are Its Significance in The Upcoming Years? Ken Research

 There has been a consistent increase in used car sales between 2019 and 2021 as consumer income levels fell due to the pandemic, customers preferred purchasing pre-owned cars. Used car sales to witness a CAGR of 1.0% over 2021-2026, as per findings released by Ken Research.

1. Low Unemployment Rate and Moderate Labor Force Participation Rate Facilitating an Increase in Demand for Personal Vehicles; Helping the Used Car Market GTV to Reach nearly 35 Tn Won by 2021.

                         

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Low Unemployment Rate of nearly 4% and Moderate Labor Force Participation Rate of nearly 60% facilitates an Increase in Demand for Personal Vehicles. South Korea's automobile industry is the fifth largest producer of passenger cars in the world (2021). The automobile industry accounts for 13% of manufacturing output and generates 12% value added.

2. Pre-Owned Car Buyers Can Receive or Buy, In-House or Third-Party Warranties, from Authorized Dealerships or Independent Dealers Along with the Car.

Warranty covers mechanical breakdowns and failures caused by wear and tear, defects and poor maintenance. It might not include oil changes, routine maintenance and replaceable parts. For pre-owned cars, the warranty is offered or can be bought from a third-party like a workshop. The warranty offered by non-authorized dealers can be dependent on the pre-inspection results to meet the warranty requirements and standards. In addition to this, the Korea Automobile Diagnosis Guarantee Association (KAIWA) undertakes the development and dissemination of performance condition inspection and warranty of used cars, and diagnostic evaluation (including price research and calculation).

                    

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3. There is a High Expected Growth of Used Cars in Future Predicted by Goldman Sachs; Used Car Market is Expected to Grow to nearly 50 Tn Won By 2030.

 Goldman Sachs - which was part of the Book Building Process for K Car's IPO - has predicted that the used car market is expected to grow to nearly 50 Tn Won by 2030 and the growth would be led by increased online penetration. Furthermore, Growth in 2020 and 2021 was higher in the used car market due to the shortage of semiconductor chips in the market which resulted in higher prices for new cars, shifting the demand for Used Cars.

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How have the technology, ingenuity of meat delivery startups, and the pandemic changed the way India buys meat today?: Ken Research

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A few years ago, getting meat delivered to your door was a luxury thing unless you know the butcher personally. But then the pandemic happened and changed everything. The lockdown came as a big catalyst for online meat delivery apps in India.

It created a meaty opportunity for digital meat platforms to register exponential growth in the country where people always preferred to shop for meat offline. To understand the rise of the Indian online meat delivery meat industry, and the great shift of Indians buying meat online, read the complete insight.

1. India consumed six million tons of meat in 2020; nearly half the population consumes non-vegetarian meals once a week in India

2. During the lockdown, people became more conscious about hygiene in the meat shops, leading to a major trend shift from buying meat offline to online

3. The Online Meat Delivery Market in India is currently positioned in the Nascent Stage, growing at a CAGR of 174% between 2016 and 2020

4. The astonishing compound annual growth rate enabled many potential Investors and Venture Capitalists to invest in the digital meat delivery segment

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5. Presently, players coming in with integrated value chains, wide assortment, quality assurance, and convenience are driving the market

6. AI and Data Analytics have been a great help to online meat companies to Operate Quickly and Efficiently in the market

7. Automation in Processing and Innovative Packaging is the way forward for the online meat delivery sector in India

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Global Oleochemicals Market is expected to reach approximately US$ 50 billion by 2028: Ken Research

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What is the Size of Global Oleochemicals Industry?

Global Oleochemicals market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD 50 Bn by 2028.  The Oleochemicals Market is largely driven by the opportunity to replace conventional petroleum-based products in various sectors along with the easy availability of raw materials required for the production of oleochemicals.

Petroleum is a fossil fuel that when used, poses a risk to the environment. Governments are enforcing stricter regulations for the sparing use of petroleum which can be replaced by oleochemicals. Due to its numerous environmental benefits, biofuel generated from oleochemicals is growing in popularity when compared to petroleum-based diesel fuel as it can be produced from both plant and animal feedstock, making it simple to generate. Oleochemicals have a certain adverse impact on the environment such as VOC and other harmful gaseous emissions, wastewater release, hazardous waste release, etc.

The outbreak of COVID-19 further increased the demand for oleochemicals as they are used in soaps and disinfectants. During the pandemic, the fatty acids market came under pressure due to sluggish demand owing to weak downstream sectors such as industrial lubricants and tires but the fatty alcohols fared better in because the majority of these go into the making of household and personal care products. Due to COVID-19, the demand for oleochemicals was shifted mostly to personal hygiene and the pharmaceutical sector.

Global Oleochemicals Market by product Type

The Global Oleochemicals market is segmented by Product type into Fatty acid, fatty alcohol, Glycerol and Others. The fatty acid product type segment dominated the global Oleochemicals Market in 2022 and is expected to continue being the dominant segment during the forecast period.

Fatty acid category is expected to grow as a result of rising demand for bio-based fatty acids from various end-use industries such as personal care, cosmetics, chemicals, food & beverages, industrial sectors, and others. Additionally, fatty acids are cheaper than their counterparts which is further accelerating the growth of the market.

Global Oleochemicals Market by application

The Global Oleochemicals market is segmented by Application into Solid, Liquid and Solution. The healthcare & pharmaceuticals application segment was the highest contributor to the Global Oleochemicals Market in 2022. Oleochemicals are used as preservatives, thickening agents, and emollients in the pharmaceutical industry. Fatty acid derivatives like Isopropyl myristate are used as a moisturizer in topical medicinal products as well as an emollient or thickening agent in other pharmaceutical applications.

Global Oleochemicals Market by geography

The Global Oleochemicals market is segmented by geography into North America, Europe, Asia- pacific and LAMEA. Asia Pacific accounted for the largest market share in 2022 among all regions within the Global Oleochemicals Market owing to the strong raw material base, and shift in consumer preference to renewable products.

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Asia Pacific Oleochemicals Market is anticipated to grow as green alternatives are being increasingly adopted and raw materials become more readily available. For instance, the biggest producers of palm oil, the primary feedstock for oleochemical production, are Malaysia and Indonesia.

According to the Malaysian Palm Oil Council, Malaysia produced 25.8% of the world's total palm oil. In terms of demand, China is the biggest consumer of fatty acids, taking up some 30% of global output, while the Asia Pacific region consumes about 35% of the world’s fatty alcohol production.

Competition Scenario in Global Oleochemicals Market 

The Global Oleochemicals Market is highly competitive with ~250 players which include globally diversified players, regional players as well as a large number of country-niche players. Large global players hold the highest market share ~40% which is followed by the regional players holding ~35% share. Some of the major players in the market include Emery Oleochemicals, BASF SE, Wilmar International, Godrej Industries, Cargill Inc, Kao Corporation, Edenor Technology Sdn Bhd, Oleon NV., IOI Group Berhad, P&G Chemicals, Twin River Technologies Inc., Croda International Plc., and others.

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

The Global Oleochemicals market was valued at USD ~billion in 2022 and is anticipated to reach USD ~50 billion by the end of 2028, witnessing a CAGR of ~% during the forecast period 2022-2028. 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 Oleochemicals market is driven by the opportunity to replace conventional petroleum-based products in various sectors along with the easy availability of raw materials required for the production of oleochemicals. 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 Oleochemicals market is changing rapidly. For instance, In May 2022, Oleon NV. started the construction of a new production facility in Texas, USA. The new plant will produce esters utilizing our newest technology, compliant with the highest industry standards, and also provide blending services to support Oil & Gas business.

In September 2020, Emery oleochemicals released its EMERY® E general-purpose fatty acid esters product line. These are sustainable alternatives to petrochemical-based materials and can be used in formulations of a wide range of consumer and industrial systems such as bio-diluent, solvent, cleaning and stripping products, cosmetic emollient and dispersant, plastic additives, etc.

Furthermore, In May 2019, the new plant construction of PT Apical Kao Chemical a joint venture of Kao corporation and Apical Group Ltd was completed. With the completion of the new factory, the Kao Group will increase its production capacity, produce competitive oleochemical products, and promote its stable supply, to expand the chemical business.

The Global Oleochemicals Market is forecasted to continue a gradual growth that is witnessed during the forecast period. Key trends driving market expansion include the recyclability of oleochemicals, increasing demand for biodegradable and sustainable products, and the growing demand from the end-user industry such as pharmaceutical, cosmetics, and food industries. The market is highly competitive with ~250 participants concentrating on expansion strategies through product innovations as well as acquisitions and mergers.

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

Global Oleochemicals Market