Veterinary Vaccines Market to Grow at a Robust Pace During 2021-2026

Feb 16,2021/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Insulation Coating Materials Market.

It was estimated prior to this unanticipated outbreak that the Insulation Coating Materials Market was expected to grow at a CAGR of 7.2% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

Components are coated with different materials for functional purpose. Coating protects components from harmful environmental effects. Insulation coating is a material which is used to block the heat radiation by using a broad spectrum thermally reflective coating. Insulation coating is applied to many components in different industries, such as aerospace, automotive, marine, building & construction, and industrial.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

Based on the product type, the market is segmented as acrylic, epoxy, polyurethane, YSZ, and mullite. The acrylic segment held the largest share of the market in 2019, and is expected to remain dominant during the forecast period. Acrylic coatings are applied with user-friendly spray equipment and are suitable for applications up to temperature 150ºC. Growth in industrialization and expanding manufacturing sector will fuel the demand for acrylic coatings for insulation.

Based on the end-use industry type, the market is segmented as aerospace, automotive, marine, building & construction, industrial, and others. The marine end-use industry segment is likely to have the highest growth during the forecast period, as it provides corrosion resistance to in highly corrosion prone marine environment.

In terms of regions, Asia-Pacific is estimated to be the largest as well as fastest-growing market for insulation coating materials during the forecast period, with India, China and Australia being the major countries with lucrative growth opportunities, owing to growing industrialization in these emerging economies. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

Key Players:

Some of the major insulation coating material manufacturers are-

• AkzoNobel
• PPG Industries
• Kansai Paint Co., Ltd
• Sherwin Williams Company
• Jotun Group
• Nippon Paint
• The Dow chemical company
• Cabot Corporation
• Nippon Pain Holdings company
• Axalta Coating System

Feb 15,2021/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Industrial Wax Market.

It was estimated prior to this unanticipated outbreak that the Industrial Wax Market was expected to grow at a CAGR of 4.2% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

Industrial wax is an organic substance. It is used to manufacture candles, packaging, coatings & polishing, hot-melt adhesive, tire & rubber, cosmetics & personal care, and food items. There are different types of industrial wax used such as fossil-based, synthetic based, and bio-based. Bio-based waxes are environmentally friendly and can be recycled. They do not emit carbon dioxide due to which they can be used as fire logs.

Robust demand for chemicals and petroleum-based products has been the key factor immensely contributing to the growth of the industrial wax market. In addition, growing population, technological advancements in the wax market, and increasing per capita income in emerging countries such as China and India are underpinning the growth of the industrial wax market.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

Based on the product type, the market is segmented as synthetic-based wax, bio-based wax, and fossil-based wax.  Fossil-based wax is likely to be the largest segment of the industrial wax market during the forecast period, owing to it being widely used in the cosmetic industry for manufacturing products such as mascara, moisturizing creams, lipstick, and sun blocks. Besides, it is also used for making candelas, packaging, and coatings of commercial products, which in turn, is driving the growth of the segment.

Based on the application type, the market is segmented as packaging, tires & rubber, candles, holt-melt adhesives, cosmetics & personal care, food, coatings & polishes, and others. The packaging segment is likely to be the attractive segment during the forecast period as the demand for moisture-resistant material for packaging is increasing globally.

In terms of regions, Asia-Pacific is estimated to be the largest industrial wax market during the forecast period, with China, Japan, and India, being the major countries with lucrative growth opportunities. The region is known to be the largest consumer of industrial wax, owing to the growth in the production and consumption of candles, packaging products and coatings.

Key Players:

Some of the major industrial wax manufacturers are-

• Dow Corning Ltd.
• Akzo Nobel NV
• BASF SE
• Royal Dutch Shell
• Sinopec
• Petroleo Brasileiro
• Hexion Inc.
• Honeywell International Inc.
• Arch Chemicals PVT LTD
• Momentive Performance Materials.

Feb 11,2021/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Industrial Rubber Market.

It was estimated prior to this unanticipated outbreak that the Industrial Rubber Market was expected to grow at a CAGR of 5.0% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

Industrial rubbers are majorly of two types i.e. synthetic rubber and natural rubber. Synthetic rubber is an elastomer, developed by the process of polymerization of unsaturated hydrocarbons from petroleum byproducts. It is more flame resistant as compared to natural rubber.

Industrial rubbers are most versatile and widely used products, in various applications, such as automotive, adhesives, buildings & construction, wire & cable, and medical & healthcare.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

Based on the type, the market is segmented as natural rubber and synthetic rubber. The synthetic rubber segment held the larger share of the market during the forecast period. The synthetic rubber is an abrasion-resistant replacement for natural rubber, widely used in the automotive application, which is driving the growth of this segment. Further, it is produced in the latex form to be used as a rubbery adhesive in manufacturing carpet. The various other applications where synthetic rubber is used are roll coverings, drive couplings, conveyor belts, and adhesives.

Based on the application type, the industrial rubber market is segmented as automotive, building & construction, industrial manufacturing, polymer modification, wire & cable, electrical & electronics, bitumen modification, coating, sealant & adhesive, medical & healthcare, and others. The automotive application dominates the market, as industrial rubbers are majorly used in this due to their better performance and easier processing ability. Further, industrial rubbers are used as a replacement for metal, glass, and wood parts used in the automotive application. They also possess various properties such as stiffness and abrasion resistance, which are propelling the growth of the segment during the forecast period.

In terms of regions, Asia-Pacific is estimated to be the fastest-growing industrial rubber market during the forecast period, with lucrative growth opportunities. The growth of the market is driven by the increasing demand for vehicles, automotive components, and substantial infrastructural development, growing building & construction sector, which is generating huge demand for industrial rubbers, and the presence of a large number of industrial rubber manufacturers in the Asia-Pacific region. North America and Europe are also expected to offer significant growth opportunities during the forecast period.

Key Players:

Some of the major industrial rubber manufacturers are-

• Lanxess AG
• Sinopec
• Kumho Petrochemical Co., Ltd
• TSRC Corporation
• The Goodyear Tire and Rubber Company

Feb 10,2021/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Industrial Floor Coating Market.

It was estimated prior to this unanticipated outbreak that the Industrial Floor Coating Market was expected to grow at a CAGR of 5.2% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

Industrial floor coating is a liquid, transparent material that is applied over the floor, which hardens when dried to provide a walking surface. It is defined as a thin layer of coating on the floor structure to protect the floor from exposure and harmful chemicals. Industrial floor coating contributes to the aesthetic appeal and provides anti-skid and abrasion protection. These coatings provide resistance to abrasion and chemicals and offer maintenance, repair, and protection solutions for a wide range of flooring requirements in commercial and industrial sectors. Industrial floor coatings also offer sustainable solutions to improve the performance of the floors in the commercial and industrial buildings by increasing the durability of concrete and other flooring materials.

The prime factor contributing to the demand for industrial floor coatings is mainly the high growth of industrial and commercial construction industries across the world. Advantages of industrial floor cleaning products such as low maintenance cost, moisture resistance, corrosion resistance, and cost effectiveness are the other factors that are driving the growth of the market. Increasing demand for industrial floor coating products from manufacturing, aviation, and transportation sectors is also propelling the market growth.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

Based on the resin type, the market is segmented as epoxy, polyurethane, hybrid, and others. The epoxy segment held the largest share of the market in 2019, and is expected to remain dominant during the forecast period. Superior properties such as excellent adhesion, high mechanical strength, and improved chemical resistance are benefitting its rising demand in the manufacturing sector.

Based on the application type, the industrial floor coating market is segmented as manufacturing, food processing, aviation & transportation, warehousing, and others. The manufacturing segment dominates the market, owing to rapid industrialization in emerging economies offering attractive opportunities to increase production capacity.

In terms of regions, Asia-Pacific is estimated to be the largest market for industrial floor coating products during the forecast period, with China, Japan, and India being the major countries with lucrative growth opportunities. The growth of the market is mainly driven by the growing construction and manufacturing sectors in the major economies of the region. Strong presence of manufacturing companies in the region is stimulating the product demand. Numerous applications of industrial floor coatings in food processing, heavy equipment & machinery, logistics & warehouse, and chemical industries is boosting the further growth of the region.

Key Players:

Some of the major players in the industrial floor coating market are-

• PPG Industries, Inc.
• AkzoNobel N.V.
• The Sherwin-Williams Company
• BASF SE
• RPM International Inc.
• The 3M Company
• The Daw Group
• The Lubrizol Corporation
• Asian Paints PPG Pvt. Ltd.
• Axalta Coating Systems Ltd.
• The Dow Chemical Company.

Feb 09,2021/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Industrial Absorbent Market.

It was estimated prior to this unanticipated outbreak that the Industrial Absorbent Market was expected to grow at a CAGR of 4.8% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

Industrial absorbent can be defined as a mixture of materials that are insoluble in nature.  Absorbents are used to absorb liquid by picking up and holding it in a material. This material has the capacity of holding water that causes it to swell. In various industries, such absorbents are used as they are helpful in dealing with chemical as well as oil spills.

The prime factor that is contributing to the demand for industrial absorbents is mainly the growing sternness of environment-related regulations on chemical and oil spills, which is driving the market.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

Based on the material type, the market is segmented as natural organic, inorganic, and synthetic. The synthetic segment held the largest share of the market in 2019, and is expected to remain dominant during the forecast period. The quality of results offered by synthetic absorbent is driving the growth of this segment.

Based on the product type, the industrial absorbent market is segmented as pads, rolls, pillows, granules, booms & socks, sheets & mats, and others. The booms & socks segment is expected to grow with a lucrative CAGR over the forecast period owing to the growing incidences of accidental spills in marine areas.

Based on the utility type, the market is segmented as universal, oil-only, and HAZMAT/chemical. The HAZMAT/chemical segment held the largest share of the market in 2019, and is expected to remain dominant during the forecast period. Stringent government regulations for hazardous chemical spills in industrial as well as commercial environment is driving the growth of this segment.

Based on the end-use industry type, the industrial absorbent market is segmented as oil & gas, chemical, food processing, healthcare, and others. The chemical segment is expected to grow with a promising CAGR over the forecast period owing to rising cases of chemical spillage during transportation.

In terms of regions, Asia-Pacific is estimated to be the fastest-growing industrial absorbent market during the forecast period, with China, Japan, India, and South Korea being the major countries with promising growth opportunities. The growth of the market is driven by the introduction of various government initiatives to reinforce environmental regulation to spill response. North America and Europe are also anticipated to offer significant growth opportunities over the forecast period.

Key Players:

Some of the major industrial absorbent manufacturers are-

• Brady Corporation
• The 3M Company
• Johnson Matthey Plc
• Decorus Europe Ltd.
• Kimberly-Clark Professional
• Meltblown Technologies Inc.
• Monarch Green, Inc.
• New Pig Corporation
• Oil-Dri Corporation of America.