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

Feb 18,2021/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 Laminating Adhesives Market.

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

With the increasing awareness about product safety, laminating adhesives are increasingly being used in specialty flexible packaging which are initially regarded as too expensive and not technically advanced enough for lamination. Laminating adhesives are used to bond laminated plastic films to other plastic film substrates, paper substrates, or metallic foil substrates in food, medical, and industrial packaging.

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 technology type, the market is segmented as solvent-based, water-based, solventless, and others. Water-based laminating adhesive dominated the market in 2019, and is expected to remain dominant during the forecast period. Due to increasing concern on VOC emission from solvent-based laminating adhesives, water-based products are more preferred. Furthermore, water-based laminating adhesives are compatible with a wide range of substrates such as plastics, metallic films, natural and synthetic textiles, etc.

Based on the resin type, the laminating adhesives market is segmented as polyurethane, acrylic, and others. Polyurethane-based laminating adhesives account for the largest share as they offer excellent adhesion with plastics, textile, metal, rubber, leather, paper, wood, etc. They also offer good resistance to solvents and chemicals while providing excellent performance on heat-sensitive substrates.

Based on the end-use industry type, the laminating adhesives market is segmented as packaging, industrial, and automotive & transportation. Packaging accounted for the largest share of the market in 2019. The packaging industry has been witnessing the transition from rigid packaging to flexible packaging due to the latter’s advantages such as light weight, easy handling & transportation, longer shelf life, and smooth printability. As laminating adhesives are used in flexible packaging extensively; this development is expected to propel the laminating adhesives market.

In terms of regions, Asia-Pacific is estimated to remain the largest market during the forecast period. Significant growth in flexible packaging’s demand in Asia-Pacific with the changing lifestyle, growing middle-class population, and rising disposable income are expected to fuel the demand for laminating adhesives in the region.

Key Players:

Some of the major players in the laminating adhesives market are-

• Arkema S.A.
• Ashland Inc.
• COIM Group
• DIC Corporation
• DowDuPont Inc.
• Flint Group
• H.B. Fuller Company
• Henkel AG & Co. KGaA
• The 3M Company
• Vimasco Corporation
• Others.

Feb 17,2021/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 Laboratory Chemicals Market.

It was estimated prior to this unanticipated outbreak that the Laboratory Chemicals Market was expected to grow at a CAGR of 4.7% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

Laboratory chemicals are the substance used for performing experimental procedures or to develop drugs or other chemicals. It must maintain its purity to be used in chemical analysis, chemical reactions, or physical testing.

Laboratory chemicals can be broadly classified on the basis of their hazard class which are flammables, oxidizers, corrosives (acidic or bases), highly reactive, extreme toxic, and low hazard.

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 laboratory chemicals market is segmented as industrial, education, government, and healthcare. The industrial segment is likely to remain the largest application of the market during the forecast period, owing to wider usage of chemicals for industrial processes, such as for bromination, acid chloride preparations, carboxylation, ion-exchange reactions, cryogenic reactions, and nitration.

In terms of regions, Europe to maintain its supremacy in the market during the forecast period, with the Italy being the key growth engines of the region’s market. Asia-Pacific is expected to be the fastest growing market over the next five years, propelled by China and India. China is one of the largest markets for chemical industry in the world. 

Key Players:

Some of the major laboratory chemicals manufacturers are-

• Avantor, Inc.
• Becton
• Dickinson and Company
• Beckman Coulter Inc.
• BiosYnth S.r.l.
• CARLO ERBA Reagents S.r.l.
• GE Healthcare
• PanReac AppliChem
• Merck KGaA
• Meridian Life Science, Inc.
• MORPHISTO GmbH

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