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

Feb 26,2021/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 Medical Adhesives market.

It was estimated prior to this unanticipated outbreak that the Medical Adhesives market was expected to grow at a CAGR of 7.0% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

Medical adhesives are employed to bond products, such as dialysis filters, syringes, blood bags, and tube connections. Further, they are also used to seal and bind tissues and achieve hemostasis. Medical Adhesives can be categorized based on resin type into natural resin and synthetic and semi-synthetic resin. On the basis of application type, they can be categorized into dental, internal surgery, external surgery, medical device & equipment, and others. By technology type, they can be classified as water-based, solvent-based, and solids & hot-melt-based.

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 natural resin and synthetic and semi-synthetic resins. Natural resins are expected to remain the major segment of the market during the forecast period. Natural resin is further segmented into fibrin, collagen, and others. Synthetic and semi-synthetic resins are further classified as acrylic, silicone, cyanoacrylate, epoxy, polyurethane, and others.

Based on the technology type, the medical adhesives market is segmented as water-based, solvent-based, and solids & hot-melt based. Solids & hot-melts based medical adhesives are expected to witness the highest growth during the forecast period. These adhesives are entirely based on thermoplastic polymers, which are heated and applied in the molten state and set to form a bond on cooling and solidification.

In terms of regions, Asia-Pacific is expected to witness the fastest growth during the forecast period. Significant economic growth in the region, growing disposable income of consumers, low-cost labor, and huge consumer base are the major factors driving the growth of the market. Europe and North America are also expected to offer significant growth opportunities during the forecast period.

Key Players:

Some of the major suppliers of medical adhesives are-

• Ethicon, Inc. (Johnson & Johnson Services)
• Henkel AG & CO. KGAA
• The 3M Company
• Baxter International Inc.

Feb 25,2021/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 Marine Lubricants Market.

It was estimated prior to this unanticipated outbreak that the Marine Lubricants Market was expected to grow at a CAGR of 1.9% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

Marine Lubricants are used to reduce friction and heat generation between the surfaces when the surfaces move. These are also responsible for transmitting forces, transporting foreign particles, or heating or cooling the surfaces while they are moving. The increased emission of harmful nitrogen and sulfur oxide into the sea has drawn attention of the lubricant manufacturers to adopt quick measures to continue their operations in the market. Less emission will lead to better quality and durability of marine lubricants used in ships, prolonging the service life of the mechanical equipment’s. All the technological advancements in the marine industry play a crucial role in the growth of marine lubricants.

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 oil type, the market is segmented as mineral oil, synthetic oil, bio-based, and grease. The mineral oil segment held the largest share of the market in 2019, and is expected to register a moderate CAGR during the forecast period. The low cost and easy availability of mineral oil from crude extracts and their easy applicability in almost every marine application is driving the growth of this segment.

Based on the product type, the market is segmented as engine oil, hydraulic fluid, compressor oil, and others. The engine oil segment is expected to dominate the market during the forecast period because of huge size of engine, high consumption, and smaller drain intervals; the engine requires large amount of fuels and lubricants which are the key factors driving the growth of the segment.

Based on the ship type, the market is segmented as bulk carriers, tankers, container ship, and others. The bulk carrier segment is expected to dominate the marine lubricants market during the forecast period.

In terms of regions, Asia-Pacific is estimated to be the largest as well as the fastest-growing marine lubricants market during the forecast period, because of the presence of the busiest ports in the region. Increasing trade activities and rising infrastructural developments in the shipping industry (in the form of increasing ports network) are responsible for the high demand for marine lubricants in the region.

Key Players:

Some of the major marine lubricant manufacturers are-

• BP plc
• Royal Dutch Shell plc
• Exxon Mobil Corporation
• Chevron Corporation
• Sinopec Corporation
• PJSC Lukoil
• Idemitsu Kosan Co., Ltd.
• Total S.A.

Feb 24,2021/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 Maleic Anhydride Market.

It was estimated prior to this unanticipated outbreak that the Maleic Anhydride 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.

Maleic anhydride is a highly reactive chemical intermediate that is flammable, colorless, and has an acrid odor. It is manufactured from the oxidation of n-butane and benzene through fixed bed, fluidized bed, and moving bed or catalyst bed at high temperatures. It is majorly used in the production of unsaturated polyester resin as well as in the production of coatings, surfactants, pharmaceuticals, agricultural products such as pesticides and as an additive for plastics.

Increasing penetration of composite materials in the automotive, aerospace, and construction industries is the prime factor that has boosted the demand for unsaturated polyester resins, which are used to manufacture composite materials. Rising disposable income along with increasing use of spandex in compression stockings, sportswear and medical textiles has boosted the demand for 1,4-butanediol. The escalating growth in the construction industries in BRIC countries and other developing economies is expected to further drive the growth of the maleic anhydride market. In addition, lenient government regulations, easy availability of land and raw materials, low labor and transportation costs are the major factors encouraging the key players to shift their manufacturing activities to developing economies such as China, India, Indonesia, and Brazil.

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 raw material type, the market is segmented as n-butane and benzene. The n-butane segment held the larger share of the market in 2019, and is expected to remain dominant during the forecast period. N-butane-based maleic anhydrides are majorly preferred over benzene-based maleic anhydrides owing to their lower production cost and lesser harmful nature.

Based on the application type, the maleic anhydride market is segmented as unsaturated polyester resins (UPR), 1,4-butanediol (1,4-bdo), lubricating oil additives, copolymers, and others. The growth of the segment is mainly due to an increased demand for UPR from emerging economies, such as China and India, and its low price compared to the other epoxy resins. Increasing penetration of UPR in the marine, aerospace, automotive, construction, and chemical industries is expected to further drive the growth of the segment.

In terms of regions, Asia-Pacific is estimated to be the largest market during the forecast period, with China, Japan, and India being the countries with lucrative growth opportunities. The growth of the market is mainly driven by the expanding automotive and rising construction sectors in the major economies of the region. Increasing adoption of maleic anhydride to manufacture bulk molding compounds and fiberglass reinforced plastics is expected to further drive the demand for maleic anhydride in the region. Increasing disposable income, rapid industrialization, urbanization, and increasing spending in the construction sector in the region are expected to further drive the region’s market.

Key Players:

Some of the major maleic anhydride manufacturers are-

• Huntsman International LLC
• LANXESS AG
• Ashland Inc.
• Zibo Qixiang Tengda Chemical
• Ningbo Jiangning Chemical Co., Ltd.
• Polynt—Reichhold Group
• Nippon Shokubai Co., Ltd.
• Mitsubishi Chemical Corporation
• Gulf Advanced Chemical Industries Co., Ltd. (GACIC)
• Global Ispat Koksna Industrija d.o.o. Lukavac (GIKIL)

Feb 23,2021/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 Low Foam Surfactants Market.

It was estimated prior to this unanticipated outbreak that the Low Foam Surfactants Market was expected to grow at a CAGR of 5.5% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

Low Foam Surfactants are the surface-active agents and generally used in cleaning detergents. The surfactants speed up the activity on the surface that helps in removing the dirt that is trapped on the surface.

Low Foam Surfactants are of different types, such as non-ionic, amphoteric, and cationic, that are used in various end-use industries, such as home & personal care, agrochemicals, oil field chemicals, textiles, paints, pulp & paper, cement, and metal cleaning.

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 non-ionic, amphoteric, and cationic. The non-ionic segment held the largest share of the market in 2019, and is expected to remain dominant during the forecast period. The extensive use of non-ionic in household detergents, hard surface cleaners, and industrial processes is driving the growth of this segment. Non-ionic surfactants can be used in a variety of temperatures without compromising on their functionality.

Based on the end-use industry type, the low foam surfactants market is segmented as home & personal care, agrochemicals, oil field chemicals, textiles, paints, pulp & paper, cement, and metal cleaning. The home & personal care industry segment dominates the market as low foam surfactants are one of the essential ingredients required for detergents, cleaning products, skin care, hair care, ointments, gels, creams, and other cosmetic products.

In terms of regions, Asia-Pacific is estimated to be the largest as well as fastest-growing low foam surfactants market during the forecast period, with China, Japan, India, and Australia 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 home & personal care, agrochemicals, oil field chemicals, textiles, paints, pulp & paper, cement, and metal cleaning, which is generating huge demand for low foam surfactants and the presence of a large number of low foam surfactant 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 low foam surfactant manufacturers are-

• AkzoNobel N.V.
• BASF SE
• Clariant AG
• Croda International plc
• Evonik Industries AG
• Galaxy Surfactants
• Huntsman Corporation
• Kao Corporation
• Oxiteno SA
• Stepan Company

Feb 22,2021/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 Laser Materials Market.

It was estimated prior to this unanticipated outbreak that the Laser Materials 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.

Laser material processing is a technique which uses laser energy for modification of a material’s shape or appearance and it also provides various benefits such as the ability to quickly change designs, make products without any requirement for retooling, and also enhance the quality of finished products.

The major factors such as, increase in popularity of laser technology in medical surgery and advanced metal processing techniques, 3D printing accompanied by persistent requirements for improved communication, and directed-energy weapons in military & scientific applications, rising demand for better and improved mobility solutions accompanied by surging sales of electric vehicles globally, and the manufacturers developing innovative solutions for further integrating laser technology into military equipment are expected to significantly impact the production and fuel the growth of the market during the forecast period.

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 plastic, glass, metal, ceramics, and others. Ceramic is estimated to witness significant growth rate in the market during the forecast period. It has become a feasible material in laser technology as it offers various excellent features such as low optical scattering, low thermal expansion coefficient, low dependence of index of refraction, toughness, and optical path length of temperature, due to which it is utilized in high-powered and solid-state lasers as a replacement to single crystals and glass to generate laser beams, fueling the growth of the laser materials market during the forecast period.

Based on the application type, the market is segmented as communication, materials processing, medical & aesthetic, instrumentation & sensors, lithography, optical storage, R&D military, and others. The materials processing segment is estimated to be the major application in the market, witnessing significant growth rate over the forecast period. The product is widely utilized in the material processing segment, in all types of metal fabrication such as welding, drilling, annealing, and cutting.

In terms of regions, Europe is estimated to hold the largest share of the market during the forecast period. The growth of the market is attributed to technological enhancements and developed market in the region. The major factors such as large investments made by the regional government and industry players in R&D activities, in order to serve their customers, presence of pre-dominant automobile manufacturing units accompanied by growing demand for commercial aircraft, and increasing healthcare and defense expenditures in various countries including Germany, Russia, Italy, France, etc. are expected to contribute in boosting the laser materials’ market growth in the regional market during the forecast period. 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 laser materials market are-

• AGC Inc.
• BASF SE
• CeramTec GmbH
• Coherent Inc.
• Corning Incorporated
• Evonik
• GrafTech International Ltd.
• Mitsubishi Chemical Holdings Corporation
• Morgan Advanced Materials
• The Dow Chemical Company.