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 Feed Antioxidants Market.

It was estimated prior to this unanticipated outbreak that the Feed Antioxidants Market was expected to grow at a CAGR of 4.5% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

Feed Antioxidants safeguard the feed nutrients in the feed such as vitamins, proteins, fats, pigments, and flavoring agents from deterioration which thus, give a nutrient security. Antioxidants are called as shelf-life extenders. The feed oxidization prevention is quite imperative as it can affect the animal health and performance.

Feed Antioxidants are of different types, such as synthetic and natural, that are used for various animals, such as poultry, cattle, swine, and pets.

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 synthetic and natural antioxidants. The natural antioxidants segment held the larger share of the market in 2019, and is expected to remain dominant during the forecast period. The natural feed antioxidants segment is further segmented into carotenoids, tocopherols, botanical extracts, and vitamins. Manufacturers are attentive on developing innovative products to produce cheaper natural antioxidants with the aim to capture the market and leverage on this increasing demand, which is boosting the growth of the market for natural feed antioxidants.

Based on the animal type, the feed antioxidants market is segmented as poultry, cattle, swine, aquaculture, and pets. The poultry industry is estimated to dominate the market in the coming five years. On the other hand, the aquaculture segment has immensely contributed to the global food security, and with the claim for fish-based products increasing worldwide, the demand for fish feed antioxidants is also gradually increasing.

Based on the form type, the market is segmented as dry and liquid. The dry feed antioxidants segment is likely to lead the market during the forecast period. The dry form is also estimated to witness a higher demand among livestock farmers, as dry feed antioxidants are easy to mix with feed, store, and offer ease of handling.

In terms of regions, Asia-Pacific is estimated to be the largest as well as the fastest-growing feed antioxidants 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 poultry, cattle, swine, and pets, which is generating huge demand for feed antioxidants and the presence of a large number of feed antioxidant 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 players in the feed antioxidants market are-

• Archer Daniels Midland Company
• BASF SE
• Bertol Company
• Cargill
• Koninklijke DSM N.V.
• Lallemand Animal Nutrition
• Novus International
• Oxiris Chemical
• Videka Company
• Zhejiang Medicine.

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 Fatty Amines Market.

It was estimated prior to this unanticipated outbreak that the Fatty Amines Market was expected to grow at a CAGR of 6.7% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

Fatty Amines are nitrogen byproducts of alcohol, olefins, or unsaturated fats which are obtained from natural sources such as (fats and oils) or petrochemical raw materials. On the basis of type, fatty amines can be classified into primary, secondary, and tertiary. Fatty amines can also be classified on the basis of function type into emulsifiers, floatation agents, anti-caking agents, dispersants, corrosion inhibitors, chemical intermediates, and others. Fatty amines are used in a wide array of industries such as agrochemicals, oilfield chemicals, chemical processing, water treatment, asphalt additives, personal care, 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 type, the market is segmented as primary, secondary, and tertiary amines. The primary amine segment held the largest share of the market in 2019, and is expected to remain dominant during the forecast period. Tertiary amine is expected to witness the highest growth during the forecast period. Increasing range of applications of tertiary amine is the major factor behind its extraordinary growth. Some of the key applications of tertiary amines are fabric softeners, surfactants, drilling muds, asphalt emulsifiers, and disinfectants/bactericides.

Based on the end-use industry type, the fatty amines market is segmented as agrochemicals, oilfield chemicals, chemical processing, water treatment, asphalt additives, personal care, and others. The agrochemicals segment held the largest share of the market and is also expected to witness a healthy growth during the forecast period. Growing demand for increased productivity from the agriculture industry and rising food supply sustainability concerns are the major factors driving the dominance and growth of the agrochemicals segment.

In terms of regions, Asia-Pacific is estimated to be the largest and the fastest-growing market for fatty amines during the forecast period. Increasing focus of key economies such as China, Japan, and Thailand towards wastewater treatment infrastructure, along with increasing demand for fatty amines from personal care, beauty care, and agrochemicals is driving the growth of the region’s market. North America and Europe are also expected to offer lucrative opportunities in the global fatty amines market during the forecast period.

Key Players:

Some of the major Fatty Amines manufacturers are-

• Kao Corporation
• Nouryon
• Arkema S.A.
• Lonza Group Ltd.
• Solvay SA
• Evonik Industries AG
• Huntsman Corporation
• Volant-Chem Corp.
• Global Amines Company Pte. Ltd.
• India Glycols Limited
• Indo Amines Limited
• Procter & Gamble Co.
• ERCA SPA
• Qida Chemical Co.
• Limited
• Wuhan Obayer Science Co., Ltd.
• Ecogreen Oleochemicals GmbH

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 Extruded Polystyrene Market.

It was estimated prior to this unanticipated outbreak that the Extruded Polystyrene Market was expected to grow at a CAGR of 4.0% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

Extruded polystyrene or XPS, majorly used as thermal insulator is a rigid foam manufactured from polystyrene extrusions, in the presence of foaming gas. Produced on extruding machines, this hard foam is a closed-cell foam material that offers distinguished properties aiding in moisture management, and resisting both water absorption and freeze cycles.

Extruded polystyrene is used in various applications such as foundation, wall, roof, and floor & ceiling for various end-use industries, such as residential and commercial. Increasing demand for construction activities due to growth in the residential and commercial infrastructure is likely to be the prime factor augmenting the growth of the 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 application type, the extruded polystyrene market is segmented as foundation, wall, roof, floor & ceiling, and others. In terms of value, foundation is estimated to be the largest as well the fastest-growing segment of the market. The energy lost through parts of a building such as walls or roofs accounts for a lower percentage as compared to the energy lost through the buildings’ foundation. As a result, foundation requires heavy insulation for prevention of energy losses and penetration of moisture into the foundation. Along with saving energy used for heating/cooling, XPS also strengthens the overall infrastructure because of its favorable properties such as high compressive strength and moisture resistance.

Based on the end-use industry type, the market is segmented as residential, commercial, and others. The residential segment held the largest share of the market in 2019, and is expected to remain dominant during the forecast period. Increase in demand for residential infrastructure development in the emerging countries, as XPS principally improves the insulation of buildings, is driving the growth of this segment.

In terms of regions, Asia-Pacific is estimated to be the largest as well as fastest-growing extruded polystyrene market during the forecast period. Increasing government and private sector investments in infrastructure development are likely to boost the construction market in countries such as India and China, creating lucrative growth opportunities. The growth of the market is also fueled by rapid urbanization 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 extruded polystyrene manufacturers are-

• BASF SE
• Synthos S.A.
• DuPont de Nemours Inc.
• Saint-Gobain Isover SA
• Knauf Gips KG
• Owens Corning Inc.
• TechnoNicol Corporation
• Austrotherm GmbH
• Ursa Insulation SA
• Penoplex SPB LLC
• Ravago Group
• Loyal Group.

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 Expanded PTFE Market.

It was estimated prior to this unanticipated outbreak that the Expanded PTFE Market was expected to reach an estimated value of US$ 0.7 billion in 2025. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

Polytetrafluoroethylene (PTFE) was inadvertently discovered by DuPont in 1938. It has become the most widely used fluoropolymer in the world with its usages in various industries, such as oil & gas, electronics & telecommunication, automotive, and food & beverages, and pharmaceuticals.; as it offers excellent properties, such as dielectric, low friction, hydrophobic, non-wetting, high density, and high-temperature resistance. With regards to the growing needs of the industry, such as lightweight, cost-effective, pliable; W.L. Gore & Associates experimented with PTFE, to increase its applications by improving its properties with the help of the heating process. Gore has implemented heating the PTFE rods and then gradually pulling it from either end. After many iterations, Gore had finally discovered expanded PTFE in the year 1969.

The COVID-19 pandemic has devastated the market by disrupting the growth trajectory of several end-use industries. The pandemic has exacerbated the existing challenges of already struggling automotive and aerospace industries with the delays in B737 max approval, production halts, and curtailment in production rates. Also, the lockdown in several major countries to contain the spread of COVID-19 has marked an indelible dent in the market growth, making complete recovery almost negligible in the remaining quarter of 2020.

However, there are a few industries that remain unaffected/negligibly affected by the COVID-19 out of which major ones are medical, food & beverages, and electrical & electronics. Healthy organic growth of these industries, especially medical devices and electronics, is expected to partially offset the overall decline of the market in 2020.

Based on the form type, the market is segmented as sheets, tapes, membranes, fibers, and others. Membranes are likely to remain the most dominant as well as the fastest-recovering form type in the post-pandemic market scenario, owing to its extensive usage in the medical industry for applications such as ostomy bags, hearing aids, IV infusion filters, and surgical suction filters.

Based on the application type, the market is segmented as gaskets, filtration & separation, dielectric materials, and others. Filtration & Separation is likely to maintain its dominance in the market during the forecast period. The dominance is majorly due to wide usage of expanded PTFE for filtering air, water, and other particles in turbine engines, drug discovery, and bioprocessing; filtering fogs from headlights of a vehicle; and venting gas from compression packings and medical applications, such as IV filter vent and ventilation, coupled with increasing penetration of ePTFE for filtration application in various industries, such as food packaging, pharmaceuticals, and metals & mining.

Based on the end-use industry type, the market is segmented as chemical, ground transportation, medical, industrial, aerospace & defense, and others. Among them, aerospace & defense and automotive are the-worst affected industries due to the pandemic, whereas medical is the least-affected one. The medical industry is also likely to remain the most dominant as well as the fastest-growing end-use industry type in the expanded PTFE market over the next five years. Expandable PTFE is widely accepted by medical device manufacturers in offering tailor-made properties with better biocompatibility than metallic biomaterials. Biocompatibility, chemically inert, and sterilizable are the three key properties of ePTFE due to which it is highly preferred for various applications in the medical industry.

In terms of region, North America is projected to remain the largest market for expanded PTFE during the forecast period. The USA is not only the largest market of North America but also in the world, owing to the presence of a large number of medical device manufacturers, aircraft OEMs, tier players, raw material suppliers, and expanded PTFE manufacturers. The country is also one of the most affected nations by the COVID-19 with having the largest number of positive cases in the world. It is also expected that the country to recover at a healthy rate, backed by the organic growth of the medical industry, expected recovery in the automobile and aircraft production, and advancements in medical devices.

Asia-Pacific is expected to be the least-declined market in 2020, followed by the fastest recovery over the next five years, propelled by an expected recovery in air passenger traffic with early recovery in domestic travel and expected recovery in automotive production with a higher focus on adopting HEVs. China and India to be the growth engines of Asia-Pacific’s market as they are the largest markets for automotive, chemical, industrial, electrical & electronics as well as owning a considerable share in the other end-use industries

Key Players:

The supply chain of this market comprises raw material suppliers, expanded PTFE manufacturers, distributors, and end-users. Some of the key players in the expanded PTFE market are W.L. Gore & Associates, Inc., Lenzing Plastics GmbH & Co. KG, Compagnie de Saint-Gobain S.A., Nitto Denko Corporation, Rogers Corporation, Donaldson Company, Inc., Markel Corporation, Parker-Hannifin Corporation, Teadit Group, and Zeus Industrial Products, Inc. The key end-users of these markets include medical device manufacturers, aircraft OEMs, automotive manufacturers, chemical industry, oil & gas manufacturers.

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 Expanded Polystyrene Market.

It was estimated prior to this unanticipated outbreak that the Expanded Polystyrene 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.

Expanded Polystyrene (EPS) is a recyclable plastic material produced from solid beads of polystyrene and is majorly used in the food and construction industries. EPS is lightweight with low thermal conductivity and has excellent cushioning properties.

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 white EPS, grey EPS, and black EPS. White EPS is expected to be the largest segment during the forecast period, driven by its excellent thermal and mechanical properties, stable dimensions for end-use, non-corrosive nature, and easy recyclability.

Based on the end-use industry type, the expanded polystyrene (EPS) market is segmented as building & construction, packaging, and others. The building & construction industry segment dominates the market, as EPS is the supreme choice for green building and provides maximum energy efficiency, improved indoor environmental quality, and enhances durability.

In terms of regions, Asia-Pacific is estimated to be the largest as well as fastest-growing expanded polystyrene (EPS) market during the forecast period, driven by various government proposals for improving public infrastructure and the rising cash-intensive non-residential construction. Also, developing countries of the region have several upcoming building & construction projects.

Key Players:

Some of the major expanded polystyrene (EPS) manufacturers are-

• Alpek S.A.B. de C.V
• BASF SE
• Flint Hills Resources
• Ravago S.A
• Sibur Holding PAO
• Sunpor Kunststoff GmbH
• Synthos S.A
• Total
• Versalis S.p.A
• Wuxi Xingda New Foam Plastics Materials Co., Ltd.