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 Biocides Market.

It was estimated prior to this unanticipated outbreak that the Biocides 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.

The use of biocides in manufacturing soaps, cleansing conditioners, and face wash as preservatives and antimicrobial agents, is one of the factors, likely to accelerate the product demand in the market as consumers’ preferences are rapidly shifting towards high-quality ingredients with sanitizing and cleansing features for protecting themselves from any kind of skin infection. Further, other factors such as adoption of high-quality biocide solution by cosmetic industry players in manufacturing cosmetic products attributes to the growing competition in the industry, and rapid growth in the numbers of engaged manufacturers in the development of new products is expected to fuel the growth of the market during the forecast period.

Biocide is a microorganism or an active substance which is intended to destroy, inactivate or exert the controlling effect on harmful microorganisms which can cause damage to natural or manufactured materials, by chemical or biological synthesis, and exhibit excellent features such as high cleansing action, nontoxic nature, and high resonance with solvents making it compatible for various end-use industries.

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 halogen compounds, metallic compounds, organosulfurs, organic acids, phenolics, nitrogen, and others. Halogen compounds are estimated to be the major product type; their growth is attributed to their extensive usage in water treatment industry owing to the growing awareness on water quality standards, as it helps in eliminating organic and synthetic impurities, fueling the product demand in the market.

Based on the application type, the market is segmented as water treatment, food & beverage, personal care, wood preservation, paints & coatings, HVAC, boilers, oil & gas, fuels, and others. Food & Beverage application is estimated to witness significant growth rate over the forecast period. The growth of the segment is bolstered by the strict sanitary rules in the food & beverage sector. Factors such as rapid adoption of high-quality ingredients by the fast food industry players in an attempt to boost their brand image and enhance hygiene conditions for getting better rating, growing concerns on bacterial & viral infections, and rise in demand for quick acting and high-performance solutions, which are used in cleaning utensils made from iron, Teflon, stainless steel, and also helps in minimizing the contamination of food, are expected to fuel the growth of the market during the forecast period.

In terms of regions, North America is estimated to witness high growth rate in the market, during the forecast period. This growth is attributed to rapid shifting towards natural gas solutions. Natural gas is the cleanest fossil fuel which is utilized in upstream & downstream operations, and also used in various stages of production, whether in extraction, transmission, or storage. Factors such as the growing applications of natural gas in automobile, electrical, manufacturing, general, and water heating applications, attempt of industry players to capitalize on emerging trends in the market by fueling the eco-friendly and sustainability methods for strengthening brand image, and growing adoption of cleaner alternatives by customers, are expected to accelerate the natural gas demand, thereby fueling the growth of the biocides market during the forecast period. Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.

Key Players:

Some of the key players in the biocides market are-

• AkzoNobel
• Albemarle Corporation
• Baker Hughes Incorporated
• BASF SE
• BWA Water Additives
• Lonza
• Nalco Champion
• Solvay S.A.
• The Lubrizol Corporation
• Valtris Specialty Chemicals.

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 Aluminum Flat Products Market.

It was estimated prior to this unanticipated outbreak that the Aluminum Flat Products Market was expected to grow an impressive 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.

Major factors such as increasing trends towards lightweight electric vehicles for performance advantages and decreasing greenhouse emission, growing demand in construction due to its maintenance free and corrosion resistive features, and many initiatives taken by the government, such as plastic recycling, imposing rules and regulations to cause deficiency of plastic waste generation attributed to the rising awareness regarding plastic pollution and its adverse effects on the environment are expected to fuel the growth of the market during the forecast period.

Aluminum flat products are basically made from flat rolling processing technique which converts an aluminum slab into a thin product or plate. These products are highly utilized for various purposes such as manufacturing of cans, automobile bodies, and equipment & machinery driving the growth of the aluminum flat products 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 flat bars, foil stock, fin stock, sheets, plates, circles, and others. Foil stock is estimated to witness significant growth rate in the market during the forecast period, attributed to the growing consumer preference toward convenient & lightweight packaging, safe packaging of products accompanied by increasing shelf life. These foil stocks are also used in the pharmaceutical industry because of their insulation properties as they provide resistance to light, oxygen, and moisture, protecting the drugs from any kind of contamination and deterioration, offering higher security to patients which is eventually fueling the aluminum flat products market.

Based on the end-use type, the market is segmented as building & infrastructure, automotive & transportation, consumer goods, equipment & machinery, electrical & electronics, packaging, and others. Aluminum flat products are lightweight in nature which provides better fuel efficiency as less energy is required for moving the vehicle owing to which, its usage in the automotive & transportation industry is estimated to increase in the coming years. Factors such as growing demand for public transport such as metro trains, buses, bullet trains, and other industrial transportation vehicles using these products so as to increase its efficiency, and the utilization of aluminum sheets in fuel tanks which prevents corrosion and chemical reaction with external materials are expected to accelerate the growth of the aluminum flat products market during the forecast period.

In terms of regions, Europe is estimated to register a high growth rate during the forecast period, attributed to the growing penetration of electric vehicles so as to decrease the emission of greenhouse gas and to contribute towards climate change in the regional market. The lightweight nature of aluminum gives advantage of reducing both of the manufacturing and operational cost of electric vehicles as lighter the car, lesser the need for batteries and power for traveling the same distance. This factor is one of the reasons for shifting of automobile manufacturers from steel to aluminum flat products for battery enclosures, fueling the growth of the market in the upcoming years. North America and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.

Key Players:

Some of the key players in the aluminum flat products market are-

• Alcoa Corporation
• Aleris Corporation
• Arconic
• Constellium
• Hindalco Industries Limited
• JW Aluminum
• Maharashtra Metal
• Norsk Hydro
• Novelis
• UACJ Corporation

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 Carbon Fiber Prepreg Market.

It was estimated prior to this unanticipated outbreak that the Carbon Fiber Prepreg Market was expected to reach an estimated value of US$ 4.9 billion in 2026. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

Carbon fiber prepreg is pre-pegged with catalyzed resins, such as epoxy, BMI, PPS, and PEEK. Carbon fiber prepregs offer excellent performance over other fiber prepregs with numerous advantages such as excellent weight reduction, high strength-to-weight ratio, high tensile and compressive strength, low coefficient of thermal expansion, and high fatigue resistance. Escalating demand for lightweight materials from key industries, such as aerospace & defense and automotive, owing to rapidly changing market dynamics with increased demand for lightweight and durable materials is likely to create new revenue pockets for prepreggers in this product category.

Despite several setbacks in the aerospace and automotive industries in 2019, the prepreg market participants somehow efficacious in maintaining their growth trajectory in the year. The outbreak of the pandemic was initially anticipated as a viable hitch, later transformed into an obstruction for survival for many stakeholders of almost all the end-use industries with aerospace and automotive proving to be its biggest victims.

The carbon fiber prepreg market is expected to mark a massive decline in 2020. The short-term impact on the market is evident in major players’ H1 2020 results with a massive plunge in revenue, huge loss, employee layoffs, cash-burnouts, production halt, etc. Nevertheless, the long-term outlook still seems hopeful with a gradual rebound in aircraft and automobile production, ultimately imprinting a positive impact on the market. Carbon prepreg accounts for more than a mammoth 80% of the total prepreg market.

Based on the end-use industry type, Stratview research has segmented the market as aerospace & defense, automotive, wind energy, consumer goods, and others. Despite the current glum scenario, the aerospace & defense is expected to push through, maintaining its dominance in the market till 2026. On the other side, the automotive industry is expected to turn the corner, healing at the fastest pace during the forecast period. Unabating demand for fuel-efficient vehicles, owing to rising concerns over the environmental pollution and an expected ramp-up in composite penetration in newer aircraft programs are likely to catapult the carbon fiber prepreg demand in the years to come.

Based on the product type, we have classified the market as epoxy prepreg, BMI prepreg, cyanate ester prepreg, phenolic prepreg, PPS prepreg, PEEK prepreg, polyimide prepreg, and other prepregs. Epoxy prepreg is likely to hold the throne in the market till 2026, whereas BMI prepreg is expected to heal at the fastest rate post the pandemic. Carbon fiber prepregs are generally used with epoxy resin systems for several crucial applications such as aircraft fuselage, wings, control surfaces, engine & nacelles, fan blades, and interiors.

All regions are expected to suffer from an enormous decline in 2020. In spite of the grave downturn, North America is projected to remain the largest market during the forecast period. The region’s dominance is attributed to several factors including a robust supply chain and presence of major tier players, OEMs, and Prepreggers. Aerospace & Defense is estimated to remain the biggest demand generator for carbon fiber prepreg in the region’s market.

Asia-Pacific is anticipated to log the quickest recovery in the market during the forecast period. The upcoming commercial aircraft program (C919), the opening of assembly plants in China by Boeing and Airbus, and an ongoing shift in assembly plants of automotive OEMs in the region from North America and Europe are likely to create healthy long-term demand for carbon fiber prepreg in the region.

Key Players:

The supply chain of this market comprises raw material suppliers, carbon fiber prepreg manufacturers, distributors, composite part fabricators, OEMs, and MRO companies. The key carbon fiber prepreg manufacturers include Hexcel Corporation, Mitsubishi Chemical Carbon Fiber and Composites Inc., Solvay SA, Teijin Limited, Gurit Holding, Park Electrochemical, and Toray Industries, Inc. The formation of long-term contracts, application development, and development of innovative products are some of the key strategies adopted by the major players in order to gain a competitive edge in the market. The prevalent COVID-19 crisis has pushed leading players to realign their strategies to adapt to the need of the hour.

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 Isopropyl alcohol market.

It was estimated prior to this unanticipated outbreak that the Isopropyl alcohol market was expected to grow at a CAGR of 6.3% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

Isopropyl alcohol is a flammable and colorless chemical compound synthesized from the reaction of propylene with sulfuric acid, followed by hydrolysis. It is widely used in applications, such as cosmetics, toiletries, and personal care products; as solvent, chemical agent, chemical intermediate, flavoring agent, disinfectant or antiseptic, among others. Generally, it is available in 70% and 99% concentrations designed for different uses.

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 application type, the market is segmented as solvent, cleaning agent, chemical intermediate, flavoring agent, disinfectant, and others. Solvents held the largest share of the market in 2019, and are expected to remain dominant during the forecast period. Isopropyl alcohol is used in surface coating, inks, pesticides & herbicides, resin, and disinfectants and cleaning products.

Based on the end-use industry type, the isopropyl alcohol market is segmented as food, pharmaceuticals, cosmetics & personal care, medical, electronics, automotive, and others. Cosmetic & personal care and pharmaceuticals industries are expected to drive the demand for isopropyl alcohol during the forecast period. Isopropyl alcohol is used in alcohol wipes, swabs, hand sanitizers, disinfectants, mouthwash, and other products.

In terms of regions, Asia-Pacific is estimated to be the largest as well as the fastest-growing market for isopropyl alcohol during the forecast period, with China, Japan, India, and South Korea being the major countries with lucrative growth opportunities. The growth of the market is bolstered by the demand for cosmetics & personal care products, pharmaceuticals, and electronics generating huge demand for isopropyl alcohols. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

Key Players:

Some of the major isopropyl alcohol manufacturers are-

• China National Petroleum Corporation
• Dow Chemical Company
• Exxon Mobil Corporation
• INEOS
• LCY Chemical Corp
• LG Chem
• LyondellBasell Industries Holdings B.V.
• Mitsui Chemicals
• Shell Chemicals
• Yancheng Super Chemical Technology Co., Ltd.
• others.

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 Additive Manufacturing with Metal Powders Market.

It was estimated prior to this unanticipated outbreak that the Additive Manufacturing with Metal Powders Market was expected to grow at a CAGR of 18% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

Additive manufacturing processes are extremely specific and need different printers, powders, and processes depending upon the application. They are the industrial version for 3D printing technology, which are used to build 3D objects with the help of 3D modelling software, machine equipment and layering material, and are widely used in the production of preproduction visualization models.

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 manufacturing technique type, the market is segmented as powder bed, blown powder, and others. Blown powder technique is expected to register high growth during the forecast periods. It can be used in both, freeform & cladding manufacturing, and is predominantly recognized as laser-based additive manufacturing, attributed to its complex chemical metallurgical nature and non-equilibrium physical properties. Blown powder includes different techniques such as direct metal deposition and laser engineering net shapes, which are used for repairing or adding volume to pre-existing metal objects and manufacturing of new objects, which in turn, enhances the demand for technology in the aerospace sector, to fuel the growth of the market during the forecast period.

Based on the application type, the market is segmented as aerospace, automotive, medical, oil & gas, energy, and others. Automotive applications are estimated to cross over 240 million by the forecast period. Automotive sector uses additive manufacturing for rapid prototyping and production of auto parts owing to the decrease in emission of carbon, design freedom and lightweight & energy efficient components. Furthermore, the increase in automotive demand for improvement of the overall performance of vehicle accompanied by increase in need of light vehicles for lower carbon footprints is expected to fuel the additive manufacturing with metal powders market demand during the forecast period.

In terms of regions, Europe is estimated to account for more than 20% share of the market during the forecast period. Directive measures taken by the EU commission on reducing vehicular weight to enhance fuel efficiency and control of carbon emission are likely to boost the growth of the additive manufacturing with metal powders market. North America and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.

Key Players:

Some of the key players in the additive manufacturing with metal powders market are-

• 3D Systems Corporation
• Additive Industries
• Advanced Powder & Coatings, Inc.
• Aerojet Rocketdyne
• Airbus SE
• Allegheny Technologies
• APWorks
• Arcam AB.
• AS America, Inc.
• Aubert & Duval S.A.