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

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 Electric Vehicle Adhesives Market.

It was estimated prior to this unanticipated outbreak that the Electric Vehicle Adhesives Market was expected to grow at a CAGR of 56.8% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

Various requirements by automakers, such as bonding similar and dissimilar materials, substitution of traditional substrates materials by synthetic substrates, and the increasing focus on environmental concerns are increasing the application areas of EV adhesives, as a result, driving the growth of the market. EV adhesives also address issues related to engineering and design as they have the ability to resist vibration, and distribute stress over a wide area. They are also lightweight.

Adhesives are chemicals used to bond or adhere substances together. In EVs, adhesives are widely used to adhere variety of application areas everywhere ranging from body closures to battery assemblies. These are widely used in place of traditional heavy fastening assemblies or mechanical fasteners and provide lighter as well as thinner bond with improved flexibility and strength.

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, Silicone, Acrylic, and Others. The polyurethane adhesive is estimated to be the fastest growing resin in the electric vehicle adhesives market during the forecast period. These adhesives are majorly used in structural bonding as well as where there is a requirement of vibration inhibitions, variation in gap because of thermal differences between the substrates. Basically, polyurethane adhesives are applied to substrates comprising of composites, thermoplastics, coated or uncoated aluminum, and coated steel. Bonding of the battery cells into the battery module tray, frames, and cooling units is another application of this adhesive.

Based on the form type, the market is segmented as Liquid, Film & Tape, and Others. Liquid adhesive is expected to be the fastest-growing form in the electric vehicle adhesives market during the forecast period. The liquid adhesive, applied between two substrates forms a solid material that bonds the substrates together by a physical or chemical change. In the form segment, liquid adhesives have the largest share. Liquid adhesives are used in electric vehicles in various applications such as exterior, interiors, and electric batteries. The highest demand for liquid adhesives is in the exterior application, followed by interior applications.  A significant portion of liquid adhesive application goes to structural body in the electric vehicle and hence Liquid adhesives occupy a large share of EV adhesive market by form, since a significant portion of liquid adhesive application goes to structural body in the electric vehicle.

In terms of regions, Asia-Pacific is estimated to be the largest as well as fastest growing Electric Vehicle Adhesives Market during the forecast period, with China, Japan, South Korea, and India being the major countries with lucrative growth opportunities. In 2019, Asia-pacific accounted for the largest share in the electric vehicle adhesives market globally. The contribution of this region mainly includes factors such as substantial Chinese electric vehicle market as well as all the major battery manufacturers. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

Key Players:

Some of the key players in manufacturing Electric vehicle adhesives are-

• Ashland Inc.
• H.B. Fuller
• Henkel
• Jowat SE
• L&L Products India Pvt. Ltd.
• LORD Corporation
• PPG Industries, Inc.
• Sika AG
• Uniseal, Inc.
• Wacker Chemie AG.

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 Electric Vehicle Polymers Market.

It was estimated prior to this unanticipated outbreak that the Electric Vehicle Polymers Market was expected to grow at a CAGR of 65% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

The key factors driving the market for electric vehicle (car) polymers are the growing demand for electric vehicles among the emerging economies of the Asia-Pacific region, such as China and India, rapid increase in government regulations in order to reduce CO2 emissions, and development of charging infrastructure in the developing as well as developed nations.

Polymers are used in electric cars to reduce the weight without affecting the efficiency of the car. Polymers replacing metals have similar properties as metals such as flame retardancy, abrasion resistance, stiffness, toughness, electrical insulation, and heat resistance.

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 engineering plastics and elastomers. The elastomers segment is expected to fuel the major share of the market during the forecast period as elastomers find their extensive usage in insulation in cars and also, in manufacturing of tires.

Based on the component type, the electric vehicle (car) polymers market is segmented as powertrain system, exterior, and interior. The interior segment of components is witnessing a significant transformation by replacement of metals with polymers, as components made with polymers have lower accidental risk and safety issues. Therefore, electric car manufacturers are employing polymers, instead of metals, in the interiors of electric cars, which also reduce the overall weight of electric cars. Polymer has proven to be the ideal material for the interior components of a car, as it is durable and aesthetically pleasing, also reducing the noise, vibration, and harshness (NVH) levels of an electric car. All these factors are likely to drive the growth of the segment during the forecast period.

In terms of regions, Asia-Pacific is estimated to dominate the overall market for electric vehicle (car) polymers during the forecast period. The region has emerged as the largest consumer of electric vehicle (car) polymers, owing to the surge in production of electric cars in China, Japan, South Korea, among other countries. Growing concern for reducing the level of carbon footprints, increasing government support, and reduction in the overall weight of electric cars are the major factors bolstering the growth of the market for electric vehicle (car) polymers in the Asia-Pacific region. North America and Europe are also expected to offer promising growth opportunities during the forecast period.

Key Players:

Some of the major electric vehicle (car) polymer manufacturers are-

• BASF SE
• DowDuPont
• Covestro AG
• Celanese Corporation
• SABIC
• Solvay S.A.
• LANXESS AG
• LG Chem Ltd.
• Asahi Kasei Corporation
• Evonik Industries AG

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 Dolomite Market.

It was estimated prior to this unanticipated outbreak that the Dolomite Market was expected to grow at a CAGR of 3.5% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

Dolomite stands for calcium magnesium carbonate CaMg(CO3)2. It is a type of rock forming mineral and good source of magnesium oxide.

Dolomites are of different types, such as agglomerates, calcined, and sintered, that are used in various end-use, such as construction, iron & steel.

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 end-use type, the market is segmented as construction, and iron & steel. The iron & steel segment held the largest share of the market in 2019, and is expected to remain dominant during the forecast period. The wide use of dolomite as a refractory material in steel making, converter lining, opening hearth furnace, and electric furnace wall is driving the growth of this segment.

Based on the product type, the market is segmented as agglomerates, calcined, and sintered. The calcined segment dominates the market, as it plays an essential role in iron and steel industry for refractory lining protectors and scorifier. Further, it is use as soil conditioner and in water treatment in agricultural work. All this wide application of calcined propelling the growth during the forecast period.

In terms of regions, Asia-Pacific is estimated to be the largest as well as fastest growing dolomite market during the forecast period, with China, and, India being the major countries with lucrative growth opportunities. The growth of the market is driven by the growth of various end-use industries, such as construction and agriculture, which is generating huge demand for dolomites and the presence of a large number of dolomite manufacturers in the Asia-Pacific region. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

Key Players:

Some of the major Dolomite manufacturers are-

• Calcinor
• Carmeuse
• Imerys
• Lhoist
• Omya AG
• RHI Magnesita
• Sibelco
• Vardar Dolomite

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 Cast Polypropylene Films Market.

It was estimated prior to this unanticipated outbreak that the Cast Polypropylene Films Market was expected to grow at a CAGR of 6.2% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

Organic growth in various end-use industries of the market, especially in food & beverages industry coupled with its increasing applications in those industries is likely create healthy demand for the CPP films during the forecast period.

Cast polypropylene films are mainly used for packaging products. They are produced from a combination of various grades of PP polymer. They are available in various forms viz. metastable, twist wrap lamination and others for multiple applications.

Cast polypropylene films are significantly gaining popularity in the packaging industry owing to their various benefits, such as excellent heat seal strength, good thermal stability, good puncture resistance, high clarity and gloss, fair barrier properties, and low density.

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 general, metallic, retort, and others. The general cast polypropylene films are expected to maintain their supremacy in the market over the next five years, mainly driven by increasing demand for heat resistant packaging, and higher clarity of general CPP films when compared with the other products.

Based on the thickness type, the cast polypropylene films market is segmented as 20-30 microns, 31-50 microns, and above 50 microns. The 20-30 microns segment is projected to remain the dominant thickness type in the market during the forecast period, owing to its wider usage in the major end-use industry of the market i.e., food & beverages industry. 

In terms of regions, Asia-Pacific is likely to maintain its dominance and is estimated to be the fastest-growing region of the market during the forecast period. The region’s dominance in various end-use industries, such as food & beverages, textile, and pharmaceuticals, and among the key market for all the other end-use industries is the major factor behind the dominance of the region in the market.

Key Players:

Some of the major cast polypropylene film manufacturers are-

• Jindal Poly Films Limited
• Profol GmbH
• Manupackaging S.p.A.
• PT Panverta Cakrakencana
• Polibak Plastik Film Sanayi Ve Ticaret A.?.
• Mitsui Chemicals Tohcello, Inc.
• Tri-Pack Films Limited
• Polyplex Corporation Ltd.
• Copol International Ltd.
• Poligal S.A.

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 Calcium Stearate Market.

It was estimated prior to this unanticipated outbreak that the Calcium Stearate Market was expected to grow at a CAGR of 5.6% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

The major factors contributing to the demand for calcium stearate in the market are the growing demand for PVC and other plastics, and rapid worldwide growth in the construction industry mainly in Asia-Pacific, during the forecast period.

Calcium stearate is essentially a carboxylate of calcium, considered as calcium soap and is a major component of some lubricants, surfactants, and many foodstuffs also. It is employed for various applications such as a highly preferable waterproofing agent, for prevention of efflorescence in the construction industry, for construction activities such as buildings and floors, when mixed with concrete, and also used in prefabrication industry in the form of powder in mortars, putties, and emulsion forms.

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 end-user industry type, the market is segmented as plastic & rubber, construction, personal care & pharmaceuticals, paper, and others. The construction segment is estimated to dominate the end-user industry in the market during the forecast period. For instance, in 2021, the governments of several countries such as India, China, the U.S., etc. are expected to increase the workforce to substantiate the projects that are currently on hold in 2020, which may fuel the growth of the construction segment in the market during the forecast period.

In terms of regions, Asia-Pacific is estimated to be the leading region in the market during the forecast period; growth attributed to the growing presence of foreign companies, which has generated a huge demand for the construction of new buildings, offices, production houses, etc., boosting the construction sector growth in the regional market.  Further, India is estimated to occupy the world’s third-largest construction market position over the forecast period, owing to the estimated rise in availability of affordable housing in the country and government initiatives in infrastructure development such as housing to all and smart city plans. Moreover, despite the slowdown because of the pandemic outbreak, India’s potential growth in construction sector activities is estimated to fuel the growth of the calcium stearate market during the forecast period. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

Key Players:

Some of the key players in the calcium stearate market are-

• Baerlocher GmbH
• Barium & Chemicals, Inc.
• Corporación Sierra Madre
• Dover Chemical Corporation
• Hummel Croton Inc.
• Hunan Shaoyang Tiantang Additives Chemical Co. Ltd.
• Mittal Dhatu Rashayan Udyog
• Norac Additives LLC
• Peter Greven GmbH & Co. KG
• PMC Biogenix, Inc.