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 Elastic Adhesives & Sealants Market.

It was estimated prior to this unanticipated outbreak that the Elastic Adhesives & Sealants 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.

Elastic adhesives & sealants are widely used in areas such as industrial production and assembly. They offer a combined advantage of adhesive bonding and technology of sealing, and also have usage where the elasticity of the material and sealing of joints are the most important factors.

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 PU, silicone, Silane-modified polymers (SMP), and others. Polyurethane is expected to hold the largest share of the market during the forecast period. PU-based elastic adhesives and sealants provide high toughness, abrasion resistance, flexibility and strength, low cure temperature, excellent low-temperature resistance, high environmental resistance, and adhesion to a wide variety of substrates. Depending on the structure of thermoset or elastomer and curing techniques, PU adhesives can be elastic or rigid. They are moisture sensitive and have relatively high shear and peel strength. PU adhesives are used in bonding windscreens and windows of passenger cars, trucks, tractors, and special vehicles, owing to their high elongation properties and stronger bonding. They also find applications in bonding fiberglass-reinforced plastic elements such as roof, side, and frontal panels.

Based on the end-use industry and application type, the elastic adhesives & sealants market is segmented as construction, industrial, and automotive & transportation. Automotive & transportation is estimated to be the fastest-growing segment of the market during the forecast period. Elastic adhesives & sealants are used in places that require moderate adhesion but high elongation. The use of elastic adhesives with their multi-function properties decreases the number of separate processing stages, thus facilitating a more streamlined production operation for vehicle manufacturers. They are used for various applications in automobiles, such as front glass windshield, side glass, and car body. Further, with the use of lightweight and elastic bonded materials, the customer earns on fuel savings. These factors are expected to drive the demand for elastic adhesives & sealants in the automotive & transportation segment.

In terms of regions, Asia-Pacific is estimated to be the fastest-growing elastic adhesives & sealants market during the forecast period, with China, Japan, India, and Indonesia being the major countries with lucrative growth opportunities. The increase in demand from various packaging industries and improving economic conditions are the major factors for the promising market of the Asia-Pacific region. Factors such as new product innovations, new research and development projects, and the increase in demand from different end-use industries have also significantly contributed to the increasing demand for elastic adhesives & sealants 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 players in the elastic adhesives & sealants market are-

• The 3M Company
• Arkema (Bostik)
• Beijing Comens New Materials Co., Ltd.
• CEMEDINE CO., LTD.
• DowDuPont Inc.
• H.B. Fuller Company
• Henkel AG & CO.
• KGaA
• Henkel AG & CO.
• KGaA
• Threebond Holdings Co., Ltd.
• Weicon GmbH & Co. KG.

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 Waterborne Epoxy Resin Market.

It was estimated prior to this unanticipated outbreak that the Waterborne Epoxy Resin Market was expected to grow at a CAGR of 3.0% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

Cellular glass, also known as foam glass, is a material made up of porous glass. It is produced by heating the mixture of granulated glass and a blowing agent such as carbon or limestone.

Cellular glass possesses various properties, such as high strength, lightweight, and thermal and acoustic insulating properties. Further, they are used in various applications, such as 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 blocks & shells and foam glass gravels. The blocks & shells segment held the larger share of the market in 2019, and is expected to remain dominant during the forecast period. The blocks can be cut into the desired form and can be installed accordingly in various applications such as storage tank insulation, pipelines, and roof insulation. Further, the growing construction and industrial industries and the flexibility of blocks & shells’ usage are propelling the growth of this segment.

Based on the application type, the Waterborne Epoxy Resin Market is segmented as construction, industrial, and others. The construction application segment dominates the market, owing to the increasing usage of thermal insulation materials with high load-bearing capacity as used in residential, commercial, and civil construction and buildings. Further, the presence of stringent building codes and frost-free nature of cellular glass are driving the growth of this segment during the forecast period.

In terms of regions, Europe is estimated to be the largest Waterborne Epoxy Resin Market during the forecast period, with lucrative growth opportunities. The growth of the market is driven by the increasing construction projects in several European countries, which is generating huge demand for cellular glass. Besides, increasing usage of sustainable and ecological friendly insulation materials, imposition of stringent regulations, and the presence of a large number of cellular glass manufacturers in the European region are the other major factors bolstering the market. North America and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.

Key Players:

Some of the major players in the Waterborne Epoxy Resin Market are

• Misapor AG, Polydros, S.A
• Refaglass S.R.O.
• Uusioaines OY
• Owens Corning
• Zhejiang Zhenshen Thermal Technology Co., Ltd.

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 Prepreg Laminates Market.

It was estimated prior to this unanticipated outbreak that the Prepreg Laminates Market to reach US$ 130-million mark in 2025. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

Prepreg laminates are thin sheets produced using fibers impregnated with either thermoset or thermoplastic resins. These sheets are alternatives to conventional metal sheets as well as other composites sheets, such as continuous laminates, sandwich-constructed panels, pultruded panels, and other composite sheets. Prepreg laminate accounts for a diminutive share of the total composite panels & sheets market and finds applications in various industries including aerospace & defense, building & construction, transportation, and others.

Prepreg laminate is a niche market and is registering an increased usage in high-performance applications. The prepreg laminates market holds a minuscule share of the entire composite panels & sheets market but could not escape themselves from the pandemic. The pandemic impeded the growth trajectory of both thermosets as well as thermoplastic prepreg laminates in all the major end-use industries.

The short-term scenario seems challenging for the market participants due to fading demand and production halts. Stratview Research’s forecast model, based on the past industry trends (the Great Recession, SARS, Industrial Recession, etc.) and primary interview results with the major market participants and industry experts, indicates that the demand for prepreg laminates is likely to be plateaued in 2020 and then register sequential growth till 2025, ultimately driving the market to reach US$ 130-million mark in 2025.

Based on the end-use industry type, the prepreg laminates market is segmented as aerospace & defense, building & construction, transportation, and others. The aerospace & defense industry is likely to maintain its leading position in the market during the forecast period. Increasing use of reinforced thermoplastic laminates (RTLs) in the next-generation aircraft, especially in assembly components, such as clips and cleats and brackets; an expected recovery in the production of the best-selling aircraft programs; market entries of new companies (COMAC and Irkut); and increasing commercial aircraft fleet size would act as the growth drivers of the segment’s market in the foreseen future.  

Based on the resin type, the prepreg laminates market is segmented into thermoplastic prepreg laminates and thermoset prepreg laminates. Thermoplastic prepreg laminate is expected to maintain its lead in the market in years to come. Compared with thermoset prepreg composites, thermoplastics are less brittle and have a higher resistance to impact loading.  Thermoplastic prepreg laminates are gaining market traction in c-class components, especially in assembly ones, in the latest aircraft programs including B787 and A350XWB. Despite witnessing a hefty decline in 2020 due to the COVID-19 pandemic, the thermoplastic prepreg laminates market is expected to mark a healthy recovery from 2022 onwards.

Based on the fiber type, the market is segmented as glass fiber prepreg laminates and carbon fiber prepreg laminates. Both fiber types are anticipated to log huge declines in 2020; however, carbon fiber prepreg laminate is estimated to maintain its lead in the market in years to come. The fiber type is also anticipated to register speedier recovery than glass prepreg laminates post-pandemic. Carbon fiber prepreg is always considered the choice of material in the high-performance applications, owing to its superior strength and lighter in weight. In the aerospace & defense and transportation industries, which require high performance with weight optimization, carbon fiber prepregs are an excellent choice.

Despite being the worst-hit region by the COVID-19 pandemic, Europe is expected to maintain its dominant position in the market in the coming five years as well. The region’s market is estimated to heal up gradually with Airbus being the largest customer of prepreg laminates in the region. Germany, France, and the UK are the major markets in the region. The supply chain of the region’s market is extremely persuasive with the presence of several industry stakeholders in the region.

Asia-Pacific, a relatively small market, is likely to heal up with the fastest pace in the post-pandemic market scenario. The region's demand will be driven by a host of factors including an expected increase in the demand for commercial aircraft to support rising passenger traffic, the opening of assembly plants of Boeing and Airbus in China; upcoming indigenous commercial and regional aircraft (COMAC C919 and Mitsubishi SpaceJet); and increasing penetration of composites in the building & construction industry. China, Japan, and Australia are projected to be the growth engines of the region’s market.

Key Players:

Some of the major prepreg laminate manufacturers are Bond-Laminates GmbH, ISOVOLTA AG, Norplex Micarta, PolyOne Corporation, Solvay S.A., and Toray Advanced Composites. Most of the major players have been efficacious in achieving distinct positioning in the market. Also, the market noticed a good number of acquisitions over a period of time to either gain capabilities or strengthen their existing capabilities. 

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 High-Performance Waterproofing Market.

It was estimated prior to this unanticipated outbreak that the High-Performance Waterproofing Market to cross the golden figure of US$ 5.0 Billion by 2025. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

Waterproofing is a combination of materials that treat or protect unwanted water intrusion into the structural elements of a building. Its main purpose is to resist the penetration of liquids under hydrostatic pressure or other external forces like capillarity. High-performance waterproofing is a versatile material, capable of retaining the dryness of concrete, masonry, metal, and wood structures. It is also resistant to salts, alkalis, and various types of acids. Furthermore, it is durable, lightweight, non-deteriorating, puncture-resistant, and is available in length stretching up to 50 meters. A waterproofing system typically amounts to less than 1% of the total construction cost but it saves an equivalent amount or more in future repair and maintenance cost over the service life of the structure.

Our pre-COVID-19 market estimates indicated that the global high-performance waterproofing market to cross the golden figure of US$ 5.0 Billion by 2025. However, the outbreak of COVID-19 has entirely turned the table with a tremendous plunge in the sales of high-performance waterproofing, making the demand almost standstill in leading economies.

Despite the worrisome situation in 2020, it is estimated that the market for high-performance waterproofing is likely to register a strong come back in 2021 once the pandemic turns a corner, followed by sequential growth till 2025, ultimately driving the market to reach US$ 4.5 billion in 2025, a US$ 0.8 billion lesser figure than our 2019 market projections. Several factors including increasing government investments on infrastructure developments in emerging economies, increasing waste & water management activities, and increasing demand for energy-efficient buildings, are expected to trigger the demand for high-performance waterproofing in the long-run.

Based on the application type, the market is segmented as above-grade waterproofing and below-grade waterproofing. Above-grade waterproofing is likely to remain the dominant application of the market in years to come. However, below-grade waterproofing is expected to remain the faster-growing application type over the same period.

Based on the position type, the market is classified as positive-side waterproofing, negative-side waterproofing, and blind-slide waterproofing. Positive-side waterproofing is likely to maintain its vanguard in the market by 2025. The high dominance of positive-side waterproofing is mainly due to its certain benefits, such as its direct exposure to hydrostatic pressure created by groundwater and its ability to withstand high pressure. The positive-side waterproofing also prevents moisture infiltration, protects a structural surface, and acts as a vapor barrier.

Based on the material type, the market is classified as PU, HDPE, EPDM, Cementitious, TPO, and others. PU is likely to remain the most dominant material type in the high-performance waterproofing market. Lightweight, flexibility, high efficiency, and environmental sustainability are some major factors that are driving the demand for PU waterproofing in the market.

In terms of regions, all regions are estimated to record huge declines in the demand for high-performance waterproofing systems in 2020. However, Asia-Pacific is projected to maintain its dominance during the forecast period (2020-2025). The region is also expected to recover at the highest rate, propelled by increasing investment in infrastructure and construction sector and increasing usage of high-performance waterproofing. China is not only the largest market for high-performance waterproofing in Asia-Pacific but also in the world.

Key Players:

The supply chain of this market comprises raw material suppliers, high-performance waterproofing manufacturers, distributors, contractors, and end-users. The key players in the market are SIKA AG, BASF, RPM International Inc., Carlisle Companies Inc., GCP Applied Technologies and Beijing Oriental Yuhong Waterproof Technology Co., Ltd. Developing innovative waterproofing systems, expanding geographically, and executing mergers & acquisitions are the key strategies adopted by the key players to gain a competitive edge in the market.

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 Technical Foam Market.

It was estimated prior to this unanticipated outbreak that the Technical Foam Market was expected to grow at a CAGR of 11.5% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

Technical foams offer excellent properties such as resistance from heat & fire, noise dampening, and provide ease and acoustic and fire insulation. These foams are of different types such as flexible, rigid, and spray foams, and are used in various end-use sectors such as automotive & transportation, commercial buildings, medical, office equipment, and others.

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 form type, the market is segmented as flexible foam, rigid foam, and spray foam. Flexible foam is expected to be the largest segment of the market during the forecast period, owing to its suitableness for the production of automotive seat cushioning, office equipment, and furniture for comfort and support. These foams are less expensive as compared to spray and rigid foam, and they also offer absorbing capacity due to which, they are preferably used in the packaging of electrical devices and medical wipes & swabs, driving the growth of the market.

Based on the material type, the technical foam market is segmented as polyurethane, elastomeric, polyethylene, expanded foam, and others. The polyurethane segment held the largest share of the market in the year 2019, owing to its favorable properties such as low weight, absorption of sound, heat preservation, and excellent cushioning. Technical polyurethane foams are primarily used in the automotive & transportation and commercial building segments. As compared to other materials, these foams are highly used due to their low heat conduction coefficient, low density, relatively good mechanical strength, low water absorption, and insulating properties.

Based on the end-use type, the market is segmented as automotive & transportation, commercial buildings, electrical & electronics, office equipment, medical, and others. The automotive & transportation segment is estimated to account for the largest share of the market over the forecast period. Technical foams are of low weight and durable for high-temperature insulating solutions, and offer various properties such as heat & fire resistance, noise dampening for boats & ships, and these foams also provide comfort, and acoustic and fire insulation. The major factors fueling the growth of the automotive & transportation end use of technical foam are the increase in demand for better vehicle operational and environmental efficiency, control of temperature, excellent dielectric insulation qualities, and thermal conductivity of various materials, which make the technical foam best suited for a wide range of specialist applications of the automotive industry.

In terms of regions, Asia-Pacific is expected to be the largest as well as the fastest-growing market for technical foams during the forecast period, with China being the center of attraction for major consumers of technical foams in APAC. Factors such as the industrial development and improving economic conditions in the region are driving the growth of the market in APAC.  Furthermore, to establish the presence in the region, various foreign players are adopting inorganic growth strategies, which in turn, is estimated to trigger further growth opportunities to the Asia-Pacific’s technical foam market during the forecast period. Europe and North America are also expected to offer substantial growth opportunities during the forecast period.

Key Players:

Some of the key players in the technical foam market are-

• BASF SE, DOW INC.
• FOAMPARTNER GROUP
• FXI HOLDINGS, INC.
• HUNTSMAN CORPORATION
• INOAC CORPORATION
• RECTICEL
• SEKISUI CHEMICAL CO., LTD.
• TRELLEBORG AB
• UFP TECHNOLOGIES, INC.