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GCC Generic Drug Market Research Report 2020-2025, Industry Trends, Share, Size, Demand and Future Scope

According to the latest report by IMARC Group, titled “GCC Generic Drug Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, estimates that the GCC generic drug market reached a value of US$ 3.55 Billion in 2019.

Generic drugs are bioequivalent of brand-name drugs with respect to dosage, form, safety, strength, quality, effectiveness, stability, impact, intended use and the route of administration. These medicines have the same active ingredients and offer similar clinical benefits as branded drugs at a cheaper price point. However, their characteristics, such as color, shape and flavoring, may differ from the original, as altering these characteristics does not affect the safety or effectiveness of the medicines. Rising awareness among the majority of the population in the GCC region about the benefits of these drugs has created numerous opportunities for the manufacturers.

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GCC Generic Drug Market Trends:

An increase in the prevalence of lifestyle and chronic diseases, including diabetes, cancer and obesity, in the GCC region on account of sedentary lifestyles and changing dietary preferences is one of the major factors contributing to the growth of the market. Along with this, the rising geriatric population across the region is another key factor driving the sales of generic drugs as they are more prone to illnesses and health disorders. Moreover, the treatment costs of various diseases using generic medicines are relatively lower than regular brand-name counterparts. The upcoming patent expiry of a number of blockbuster medicines is expected to expand the product portfolio of the manufacturers, thus creating a positive outlook for the market. Furthermore, governments of various GCC countries, such as Oman and the UAE, are promoting the uptake of generic drugs, which is providing a thrust to the market in the region. For instance, the Government of Oman introduced mandatory health insurance for the citizens and expatriates under the Unified Health Insurance Policy (UHIP) in March 2019. It is projected to increase the demand for pharmaceuticals in the country, which in turn will drive investments for generics manufacturing.

Explore full report with table of contents: https://www.imarcgroup.com/gcc-generic-drug-market

Performance of Key Regions

1. Saudi Arabia

2. UAE

3. Kuwait

4. Qatar

5. Bahrain

6. Oman

On the geographical front, the market has been categorized into Saudi Arabia, the UAE, Kuwait, Qatar, Bahrain and Oman. Amongst these, Saudi Arabia holds the leading position in the market, accounting for the majority of the overall market share.

Competitive Landscape:

The competitive landscape of the market has also been studied in the report, with the detailed profiles of the key players operating in the market. Some of these include Hospira (Pfizer Inc.), Fresenius Kabi Ag, Hikma Pharmaceuticals PLC, Sandoz (Novartis), Sagent Pharmaceuticals, Inc., Sanofi S.A., and Baxter International Inc.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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GCC Generic Injectables Market Research Report 2020-2025, Industry Trends, Share, Size, Demand and Future Scope

According to the latest report by IMARC Group, titled “GCC Generic Injectables Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025,” the GCC generic injectables market size reached US$ 500 Million in 2019. Generic injectables refer to drugs that have the same active ingredients, strength, dosage and route of administration as that of branded injectables. In the GCC countries, the demand for injectables is rising as they help to increase patient compliance without compromising the effectiveness of the treatment. Moreover, the lower cost of these injectables, as compared to their branded equivalents, helps in providing substantial savings for both the patients and healthcare providers.

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GCC Generic Injectables Market Trends:

In the GCC region, there has been an rise in the proportion of the geriatric population, due to declining fertility rates and increasing life expectancy. This is expected to boost the sales of the generic injectables across the country for treating the diseases prevalent among the elderly. Furthermore, as the pharmaceutical industry in the GCC region is at a nascent stage, the governments of the countries are focusing on enhancing domestic manufacturing and supplying these drugs at affordable costs. For instance, the Ministry of Health in the UAE is working to increase the number of generic drug manufacturing facilities in the country. Apart from this, several domestic generic injectable manufacturers, particularly in Saudi Arabia, are collaborating with global and regional pharma players to expand their manufacturing capacity. Looking forward, the market value is projected to reach US$ 942 Million by 2025, registering at a CAGR of 11% during 2020-2025.

View Report TOC, Figures and Tables: https://www.imarcgroup.com/gcc-generic-injectables-market

Insights on Market Segmentation:

Market Performance by Therapeutic Area:

1. Oncology

2. Anaesthesia

3. Anti-infectives

4. Cardiovascular

5. Parenteral Nutrition

6. Others

Based on the therapeutic area, oncology dominates the market, holding the largest share. Other major segments include anesthesia, anti-infectives, cardiovascular and parenteral nutrition.

Market Performance by Distribution Channel:

1. Hospitals

2. Clinics

3. Retail Pharmacy Stores

The market has also been divided on the basis of distribution channels into hospitals, clinics and retail pharmacy stores. Generic injectables are majorly distributed through hospitals.

Market Performance by Container Type:

1. Vials

2. Prefilled Syringes

3. Ampoules

4. Premix

5. Others

On the basis of container type, the market has been segmented as vials, prefilled syringes, ampoules and premix. Amongst these, vials are the preferred container type, accounting for the majority of the overall market share.

Market Performance by Key Regions:

1. Saudi Arabia

2. UAE

3. Kuwait

4. Qatar

5. Oman

6. Bahrain

Region-wise, Saudi Arabia enjoys the leading position in the GCC generic injectables market. Saudi Arabia is followed by the UAE, Kuwait, Qatar, Oman and Bahrain.

Competitive Landscape:

The competitive landscape of the GCC generic injectables market has also been analyzed with the profiles of the key players.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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GCC Health Insurance Market Research Report 2020, Industry Trends, Share, Size, Demand and Future Scope

According to the latest report by IMARC Group, titled “GCC Health Insurance Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025,” the GCC health insurance market size reached US$ 13.4 Billion in 2019. Health insurance refers to the insurance coverage that wholly or partially reimburses the expenses incurred for the treatment of injuries or illness by the insured individual. The insurance company can also pay for the medical and surgical expenses to the care provider directly. The individual requires to develop a routine premium structure to pay for the insurance, which varies in accordance with the terms and conditions of the insurance agreement. Other factors, such as disease coverage, diagnosis, maternity, dental care, psychiatric care, emergency transportation, treatment for chronic ailments, and in-patient and daycare management, also offer flexibility with regards to the insurance provided, which is usually considered while opting for a suitable plan.

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GCC Health Insurance Market Trends:

The market is primarily driven by the favorable initiatives taken by the governments of the GCC countries. Some countries, including the UAE, Bahrain, Abu Dhabi and Saudi Arabia, have mandated health insurance in their respective countries which have catalyzed the growth of the market. For instance, in 2019, the Government of the Kingdom of Bahrain introduced the National Social Health Insurance Program that mandates health insurance coverage for every resident, visitor and citizen in the country. As a part of the program, the government covers the medical expenses of the citizens and domestic workers, while the employers are expected to cover the insurance of the expatriates. Similarly, Oman and Kuwait have also initiated the process of mandating health insurance in their respective countries. Moreover, growing health consciousness among individuals is acting as another major growth-inducing factor. There has been an increasing prevalence of obesity and diabetes, owing to the sedentary lifestyle led by the majority of the working population in the region. Other factors, such as affordable premium rates offered by the insurance provider and growing expatriate population, are further creating a positive outlook for the market. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 25.5 Billion by 2025, expanding at a CAGR of 11.3% during the forecast period (2020-2025).

Browse full report with TOC’s: https://www.imarcgroup.com/gcc-health-insurance-market

Insights on Market Segmentation:

Breakup by Type:

Individual
Group

Based on the type, the market has been bifurcated into individual and group insurance.

Breakup by Service Provider:

Public
Private

On the basis of the service provider, the market has been divided into public and private players.

Breakup by Region:

Saudi Arabia
UAE
Oman
Kuwait
Bahrain
Qatar

On the geographical front, the market has been categorized into Saudi Arabia, the UAE, Oman, Kuwait, Bahrain and Qatar.

Competitive Landscape

The competitive landscape of the market has been analyzed in the report with the detailed profiles of the key players operating in the market.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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GCC CPVC Pipes Market Research Report, Upcoming Trends, Demand, Regional Analysis and Forecast 2025

According to new report by IMARC Group, the GCC CPVC Pipes Market grew at a CAGR of 7.6% during 2014-2019. Looking forward, the market is expected to continue its moderate growth during the next five years.

Chlorinated polyvinyl chloride (CPVC) is a thermoplastic which is produced by the chlorination of the polyvinyl chloride (PVC) resin. Since it is relatively more flexible and lightweight than PVC and can withstand high temperatures, it is employed in the manufacturing of pipes. In the GCC region, CPVC pipes are gaining popularity in the commercial and residential sectors. As compared to galvanized metal pipes, CPVC pipes are easy to install and maintain; offer resistant against corrosion, tuberculation, and deposits; and are available in a wide range of sizes. These features, coupled with the rising awareness about health, hygiene, sanitation as well as wastewater management in the region, is boosting the sales of these pipes.

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GCC CPVC Pipes Market Trends:

For years, the GCC countries have been dependent on the oil and gas industry for economic growth. However, falling oil prices have encouraged the regional governments to diversify their economies by investing in other sectors. Besides this, they have also initiated various development projects, such as NEOM City, Saudi Vision 2030, Jeddah Waterfront and Entertainment City, to promote the influx of tourists. In addition to this, the hospitality sector in the region is flourishing due to the increasing religious tourism, and the rising number of cafes, hotels and restaurants. This, in turn, is offering lucrative opportunities to the manufacturers of the CPVC pipes in the GCC region. Further, the governing authorities are also investing in the improvement of agriculture, transportation, water distribution, and telecommunication sectors which, in turn, is proliferating the demand for CPVC pipes in the region. On account of these factors, the CPVC pipe market in the GCC region is anticipated to witness stable growth in the upcoming years.

Browse full report with TOC’s: https://www.imarcgroup.com/gcc-cpvc-pipes-market

Insights on Market Segmentation:

Breakup by Application

1. Plumbing

2. Water Supply Systems and Chemical Industry

3. Sewerage, Drainage and Irrigation

4. Others

Based on the application, the market has been classified into plumbing; water supply systems and chemical industry; sewerage, drainage and irrigation; and others. Amongst these, plumbing accounts for the majority of the total market share.

Breakup by Region

1. Saudi Arabia

2. UAE

3. Kuwait

4. Bahrain

5. Oman

6. Oman

Region-wise, Saudi Arabia represents the largest market for CPVC pipes in the GCC region. Other major markets include the UAE, Kuwait, Bahrain and Oman.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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GCC Flooring Market Research Report, Upcoming Trends, Demand, Regional Analysis and Forecast 2025

According to the latest report by IMARC Group, titled “GCC Flooring Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, finds that the GCC flooring market size was worth US$ 12.1 Billion in 2019.

Flooring refers to a finished layer that provides a clean, durable and impervious leveled surface. It generally consists of two main components, namely the floor base and floor covering. The floor base offers support to the floor covering, which includes a layer of materials such as marble, tiles or mosaic. The GCC countries are currently experiencing increased participation of the private sector with an enhanced focus on sustainable economic growth and expansion of non-oil industries. These developments have encouraged the renovation of existing infrastructure as well as the construction of new buildings across the region, which in turn, is leading to higher demand for various flooring products.

Some of the key players being R.A.K Ceramics PJSC (RAK Ceramics), Carpetland Flooring Center (BuildBiz, Inc.), Armstrong Flooring, Inc. (AFI), Kährs Holding AB, Swiss Hardwoods, Gerbür GmbH, Swiss Krono AG and Terrazzo.

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GCC Flooring Market Trends:

An increasing number of construction projects is one of the key factors driving the flooring market in the GCC region. Furthermore, owing to the growing inclination for aesthetically appealing interiors in various sectors, especially corporate and hospitality, there is a rise in the demand for premium quality products for interior designing. This has prompted the leading flooring companies in the GCC region to offer ergonomic, sound-absorbent and stain- and slip-resistant flooring solutions. These specialized flooring solutions improve safety and comfort while maintaining the aesthetics of the floor. Moreover, the increasing usage of eco-friendly flooring products by manufacturers, coupled with the growing environmental consciousness among consumers in the region, is also driving the market. The development of new technologies to update and expand flooring products and their system build-ups is also providing a positive thrust to the growth of the market. Other factors such as enhanced product features including digitally printed tile designs and the availability of a wide variety of colors are also contributing to the market growth. Looking forward, IMARC Group expects the GCC flooring market to continue its moderate growth during the next five years.

Browse full report with detailed TOC and list of figures and tables: https://www.imarcgroup.com/gcc-flooring-market

Insights on Market Segmentation:

Market Breakup by Segment

1. Hard Flooring

2. Soft Flooring

Based on the segment, the market has been segregated into hard and soft flooring. Hard flooring currently dominates the market, holding the largest share.

Market Breakup by Flooring Type

1. Tile Flooring

2. Stone Flooring

3. Wood and Laminate Flooring

4. Carpet Flooring

5. Other Flooring

On the basis of the product type, tile flooring represents the most popular segment. Other major product types include stone, wood and laminate, and carpet floorings.

Market Breakup by End-Use Sector

1. Commercial

2. Residential

The market has been segregated based on the end use into the commercial and residential sectors. At present, the commercial sector represents the largest end use segment, accounting for the majority of the total market share.

Market Breakup by Region

1. UAE

2. Saudi Arabia

3. Qatar

4. Oman

5. Bahrain

6. Kuwait

Region-wise, the UAE exhibits a clear dominance in the market. Other major countries include Saudi Arabia, Qatar, Oman, Bahrain and Kuwait.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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GCC Weight Loss Market Research Report, Upcoming Trends, Demand, Regional Analysis and Forecast 2025

According to the latest report by IMARC Group, titled “GCC Weight Loss Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, estimates that the GCC weight loss market reached a value of around US$ 3.43 Billion in 2019.

Over the years, obesity has emerged as a key health concern in the Gulf Cooperation Council (GCC) region owing to the sedentary lifestyle habits of the majority of the population. This has consequently led to an increase in the prevalence of diseases such as cancer, cardiovascular disorders (CVD) and diabetes. Rising awareness among the consumers regarding the risks posed by obesity and related health issues has led a large section of the population to adopt weight loss solutions like gyms, sports clubs, weight loss centers, slimming supplements and bariatric surgery.

Market Trends:

A shift in the dietary preference is one of the key factors driving the market growth in the region. Owing to the hectic lifestyle of the working population, there has been a significant shift from the usual home-cooked food toward fast foods, which have high-calorie content. This shift has been further propelled by factors such as rapid urbanization, increasing influence of westernization, rising disposable incomes and easy accessibility to packaged food items owing to the proliferation of supermarkets and hypermarkets. Additionally, since the region experiences high average temperature throughout the year, people living in the Gulf countries avoid participating in outdoor sports events, which has resulted in a lack of physical activities. However, people are becoming increasingly aware of the health risks associated with obesity and the need to maintain a healthy lifestyle as a preventive measure to avoid any severe health issues. All these factors have led the population to explore weight loss services and products, which are gaining preference in the region. Other factors such as the launch of innovative variants and aggressive promotional activities by the manufacturers of weight loss products and services are also contributing to the growth of the market in the region.

Leading Players in the Global weight loss market: The Coca-Cola Company, PepsiCo Inc., Herbalife International, Kelloggs Company, eDiets.com Inc., Nutrisystems Inc., Abbott Laboratories, Weight Watchers International Inc., Medifast Inc. and Kraft Foods.

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Key Insights from the Report:

On the basis of the diet, the market has been divided into supplements, meals and beverages. Amongst these, supplements represent the most preferred segment.

Based on the equipment type, the market has been bifurcated into fitness and surgical equipment, wherein fitness equipment is the most popular type.

On the basis of the services, fitness centers and health clubs account for the majority of the total market share. Other major services include consulting service, surgical clinics, online weight loss programs and others.

Based on gender, men dominate the overall market, followed by women.

On the basis of the age group, consumers between 31 to 60 years of age exhibit a clear dominance in the market. Other major segments include consumers between 15 to 30 years of age, consumers aging more than 60 years and consumers who are below 15 years of age.

On the geographical front, Saudi Arabia holds the leading position in the market. Other major regions including the UAE, Kuwait, Qatar, Bahrain and Oman.

Browse full report with detailed TOC and list of figures and tables: https://www.imarcgroup.com/gcc-weight-loss-market

Competitive Landscape

The competitive landscape of the market has also been studied in the report with the detailed profiles of the key players operating in the market.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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GCC Perfume Market Research Report, Upcoming Trends, Demand, Regional Analysis and Forecast 2025

According to a new report by IMARC Group, the GCC perfume market size was worth more than US$ 2.66 Billion in 2019. Looking forward, the market is expected to continue its moderate growth during the next five years.

Perfume is a fragrant product which is prepared from a heterogeneous mixture of fragrant essential oils, aroma compounds, and fixatives and solvents. Usually available in a liquid form, it is widely used to impart a pleasant aroma to the user’s body. Along with this, perfumes aid in improving mood and reducing stress. The perfume market in the GCC region has been flourishing over the past few years. The natives of the region have been traditionally using perfumes and incense made from Agarwood, a resin-embedded wood, for its distinctive fragrance. It forms a dominant ingredient in various locally manufactured perfumes.

GCC Perfume Market Trends:

Rising disposable income is one of the key factors driving the market in the region. With rapid urbanization and increasing western influences, consumers in the region are now inclining toward premium quality products. Apart from the already preferred perfumes with amber, oud, bukhoor and rose, manufacturers are constantly investing to bring innovative fragrances in the market which are infused with natural oils like lavender or mint. This, along with an increase in the expatriate population in the region, has aided the manufacturers to expand their consumer base. Moreover, the thriving tourism industry in the GCC region has triggered the surge in the duty-free sales which is spurring the growth of the export market. A flourishing e-commerce industry along with increasing lifestyle expenditure is also significantly contributing to the market growth. Additionally, keeping with the Islamic belief of the majority of the population in the region, international manufacturers are now launching products which are produced in accordance with halal regulations, which is creating a positive outlook for the market.

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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Insights on Market Segmentation:


Market Breakup by Price

  1. Premium Products
  2. Mass Products

On the basis of the price, premium products exhibit a clear dominance in the market, followed by mass products.

Market Breakup by Gender

  1. Male
  2. Female
  3. Unisex

Based on the gender, the market has been divided into unisex, female and male segments, wherein unisex represents the most popular segment.

Market Breakup by Product

  1. Arabic
  2. French
  3. Others

On the basis of the product type, the market has been bifurcated into Arabic and French perfumes. Amongst these, Arabic perfumes account for the majority of the total market share.

Market Breakup by Region

  1. Saudi Arabia
  2. UAE
  3. Kuwait
  4. Others

On the geographical front, Saudi Arabia holds the leading position in the market. Other major regions include the UAE and Kuwait.

Competitive Landscape

The competitive landscape of the market has also been analyzed with the detailed profiles of the key players operating in the market.

Explore full report with table of contents: https://www.imarcgroup.com/gcc-perfume-market

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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Asia Pacific Mobile Phone Insurance Market Research Report 2021, Upcoming Trends, Demand, Regional Analysis and Forecast 2026

According to the latest report by IMARC Group, titled, “Asia Pacific Mobile Phone Insurance Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026“, the market is expected to continue its strong growth during the forecast period (2021-2026).

Mobile phone insurance offers financial protection against losses and damages caused to the cell phone of an insurer. It covers theft protection, internal component failure, physical damage, and data and virus protection. At present, there is an increase in the demand for mobile phone insurance services in the Asia Pacific region on account of the rising incidents of thefts and accidental damages.

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Market Trends

The leading market players are collaborating with mobile phone manufacturers to provide data protection, introduce recovery features and ensure technical support. This represents one of the key factors propelling the mobile phone insurance market growth. Besides this, rapid urbanization, inflating disposable incomes and the increasing sales of smartphones are driving the market further. Along with this, the availability of direct-to-consumer insurance assistance, multichannel interaction, and online transaction platforms are bolstering the growth of the market. Additionally, major companies in the region are utilizing data analytics to expand their consumer base.

Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

For more information about this report visit: https://wow.link/aRR

Asia Pacific Mobile Phone Insurance Market 2021-2026 Analysis and Segmentation:

The report has segmented the market on the basis of Phone Type, Coverage, Distribution Channel, End User and Region.

Breakup by Phone Type:

New Phone
Refurbished

Breakup by Coverage:

Physical Damage
Electronic Damage
Virus Protection
Data Protection
Theft Protection

Breakup by Distribution Channel:

Mobile Operators
Device OEMs
Retailers
Online
Others

Breakup by End User:

Corporate
Personal

Breakup by Country:

China
Japan
India
South Korea
Australia
Indonesia
Others

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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North America Industrial Catalyst Market Research Report, Upcoming Trends, Demand, Regional Analysis and Forecast 2025

According to the latest report by IMARC Group, titled “North America Industrial Catalyst Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, the Industrial Catalyst market size in North America reached a value of US$ 5.9 Billion in 2019. Industrial catalysts are substances that accelerate or initiate reactions by directing an alternative reaction path with lower activation energy than the uncatalyzed reaction. They work both on the forward and reverse reactions to maintain the equilibrium constant. Catalyzed reactions initiate several industrial chemical processes pertaining to food processing, pollution control, and for producing petroleum, energy, chemicals, and polymers.

The rising adoption of industrial catalysts in petroleum refining and petrochemical industries is primarily augmenting the market growth in North America. Several petroleum-based products witness massive demand from the industrial and power generation sectors, thereby propelling the utilization of industrial catalysts. Moreover, the increasing utilization of industrial catalysts in the automotive industry further augments the market growth in the region. Besides this, the growing demand for palladium to manufacture catalytic converters for reducing toxic emissions is also propelling the market for industrial catalysts. Additionally, these catalysts are also extensively used in the pharmaceutical industry due to the growing requirement for chiral compounds. Industrial catalysts further aid in producing cleaner fuels and lubricants with enhanced performance properties, which is expected to drive the North America industrial catalyst market. Looking forward, IMARC Group expects the market to reach a value of US$ 7.4 Billion by 2025, registering a CAGR of 3.8% during 2020-2025.

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Market Breakup by Type

  • Heterogenous Catalysts
  • Homogeneous Catalysts
  • Biocatalysts

Market Breakup by Raw Material

  • Mixed Catalysts
  • Oxide Catalysts
  • Metallic Catalysts
  • Sulphide Catalysts
  • Organometallic Catalysts

Market by Application

  • Petroleum Refinery
  • Chemical Synthesis
  • Petrochemicals
  • Others

Competitive Landscape Key Player:

  • Albemarle Corporation
  • Arkema S.A.
  • BASF Corporation
  • Clariant AG
  • Evonik Industries AG
  • Exxon Mobil Chemical Corporation
  • Akzo Nobel N.V.
  • Chevron Phillips Chemical Company
  • The DOW Chemical Company
  • DuPont de Nemours Inc

Ask Analyst for Instant Discount and Download Full Report with TOC & List of Figure: https://www.imarcgroup.com/north-america-industrial-catalyst-market

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

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North America Toluene Market Research Report, Price Trends, Size, Growth, Analysis and Forecast 2025

According to the latest report by IMARC Group titled, “North America Toluene Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, the market reached a volume of 8.6 Million Tons in 2019.

Also known as toluol, toluene (C7H8) is a liquid aromatic hydrocarbon that naturally occurs in crude oil and tolu tree. It can be produced commercially by alkylation of benzene with methanol. It is colorless, flammable, insoluble in water and widely used as a solvent across industries in North America. Other than this, it is also utilized in the manufacturing of paints, thinners, lacquers, adhesives and rubbers and in leather tanning processes in the region.

Request to get sample report: https://www.imarcgroup.com/north-america-toluene-market/requestsample

Market Trends

Expanding applications of toluene in various industries are driving the market growth in North America. For instance, it is used in the chemical industry for producing other chemicals, such as benzene, benzoic acid, benzoyl chloride nylon, polyurethane, trinitrotoluene (TNT) and toluene diisocyanate. It is also utilized in the manufacturing of dyes and explosives and as an antiknock agent for gasoline. Furthermore, it finds extensive application in the pharmaceutical in the production of drugs, such as penicillin G potassium, acetanilide, ciprofloxacin and prednisone. In line with this, a well-established healthcare infrastructure, along with enhanced focus of regulatory bodies such as the US FDA on the quick and effective approval process of new drugs, are creating a positive outlook for the market. Other factors, such as high per capita income levels and extensive research and development (R&D), are expected to drive the market growth in the coming years in the region.

Browse full report with TOC’s: https://www.imarcgroup.com/north-america-toluene-market

Insights on Market Segmentation:

Breakup by Technology

1. Reformation Process

2. Pygas Process

3. Coke/Coal Process

4. Styrene Process

Breakup by Application

1. Gasoline

2. STDP/TPX

3. Solvents

4. Trans Alkylation (TA)

5. Hydrodealkylation

6. Toluene Diisocyanate (TDI)

7. Toluene Disproportionation (TDP)

8. Others

Breakup by Country

1. United States

2. Canada

3. Mexico

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact us

IMARC Group
309 2nd St, Brooklyn, NY 11215, USA
Website: www.imarcgroup.com
Email: [email protected]
USA: +1-631-791-1145
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