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 Encapsulated O-rings Market.

It was estimated prior to this unanticipated outbreak that the Encapsulated O-rings 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.

Encapsulated O-rings have a wide range of applications in various end-use industries, including chemicals, food & beverage, pharmaceutical, petrochemical, semiconductor, automotive, aerospace, and oil & gas industry. Despite being a small component of these end-use industries, encapsulated O-rings play an essential role in the smooth functioning of various equipment or devices, such as pumps, valves, cartridge filters, heat exchangers, pipelines, gas compressors, chemical reactor vessels, and pressure vessels. Compared with the other O-rings, encapsulated O-rings offer several advantages, such as high resistance to numerous chemicals except for alkali metals and some fluorine compounds, FDA-compliant, suitability in a broad range of temperatures, low coefficient of friction, low permeation, non-contaminating, and exclusively suitable where hygiene is of paramount importance.

The rapid spread of the pandemic severely affected various end-use industries where encapsulated O-rings are preferred including the halt of production facilities, shortage of labor, and disruption of the supply chain across the globe. Chemical, petrochemical, oil & gas, semiconductor, and automotive, are among the worst-hit industries due to the pandemic.  On the other side, food & beverage, and pharmaceutical are the industries that are registering the least impact of the pandemic. The severe impact of the pandemic on chemical, petrochemical, semiconductor, oil & gas, and automotive industries will be partially offset by the modest growth in the food & beverage, pharmaceutical, and medical industries.

Based on the jacket material type as FEP and PFA. FEP is expected to remain the most preferred jacket material type in the market in years to come. Lower cost along with several other advantages including high resistance to corrosion and chemicals, low compression set, and low coefficient of friction, making FEP the preferred choice for all standard applications up to 205°C. PFA encapsulated O-rings are used for higher temperature range. They have higher mechanical strength, improved crack resistance; hence, longer service life than FEP encapsulated O-rings.

Based on the core material type, the encapsulated O-rings market is segmented into FKM, silicone, and others (include EPDM, stainless-steel spring, etc.). Due to the excellent elasticity, good chemical resistance, and outstanding compression, FKM core material dominated the market in 2019 and is likely to maintain its dominance throughout the forecast period. The silicone core material is preferred in low-temperature applications as it remains flexible at a lower temperature because of its greater softness than FKM and has a higher standard of heat resistance.

Based on the core structure type, the encapsulated O-rings market is segmented into solid core and hollow core structure. Solid core is likely to remain the leading segment of the market in the coming years as well, driven by its excellent resistance to compression set and good recovery characteristics. FKM and silicone are dominantly used core materials for solid core encapsulated O-rings. FKM solid core provides excellent elasticity and high-level compression, whereas silicone solid core performs excellent for a wider range of temperatures.

Based on the end-use industry type, the encapsulated O-rings market is classified into chemical, petrochemical, pharmaceutical, food & beverage, and others (oil & gas, semiconductor, aerospace & defense, and automotive industry). The chemical industry is the biggest user of encapsulated O-rings, driven by the extensive use of aggressive chemicals, making encapsulated O-rings a preferred choice. These O-rings are also widely used in the food & beverages and pharmaceutical industries as they are compliant with the Food and Drug Administration (FDA), EC1935/2004 and EC2023/2006, USP Class VI, and 3A 18-03 Sanitary Standards.

In terms of regions, all regions are expected to mark a huge decline in 2020 in the wake of the rapid spread of the pandemic across regions. Despite the worst hit by COVID-19, Europe will maintain its lead in the years to come with the presence of leading encapsulated O-ring manufacturers, such as Vulcan Engineering Limited and Northern Engineering (Sheffield) Ltd. Asia-Pacific is expected to heal up with the fastest pace post-pandemic with China and India being the growth engines.  

Key Players:

The supply chain of this market comprises raw material suppliers, encapsulated O-ring manufacturers, distributors, component manufacturers, and end-users. The key encapsulated O-ring manufacturers are Daemar Inc., ERIKS NV, Freudenberg Group, James Walker Group Ltd., M-Cor Inc., Monroe Engineering Products, Northern Engineering (Sheffield) Ltd., ROW, INC., Trelleborg AB, and Vulcan Engineering Limited.

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 COVID-19 Impact on Composites Market.

It was estimated prior to this unanticipated outbreak that the COVID-19 Impact on Composites 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.

Composites, also known as Fiber-Reinforced Polymer (FRP), are made from a polymer matrix that is reinforced with an engineered, man-made or natural fiber (such as carbon, glass, or aramid) or other reinforcing materials. These composites are obtained from a polymer matrix as these protect the fibers from any environmental and external damage which is strengthened with an engineered, man-made or natural fiber and then transfers the load between the fibers.

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 fiber type, the market is segmented as glass fiber, carbon fiber, natural fiber, and others. The glass fiber segment held the largest share of the market in 2019, and is likely to remain dominant during the forecast period. Glass fiber exhibits superior properties such as high strength, flexibility, durability, stability, low weight, and resistance to heat, temperature, and moisture, and is used for various applications in the construction, pipes & tanks, wind energy, marine, and transportation industries. The outbreak of COVID-19 resulted in a decline in the demand for composites due to production halt of glass fiber composites to maintain social distancing among floor workers, engineers, and other staff.

Based on the resin type, the composites market is segmented as thermoset and thermoplastic. The thermoset segment leads the market, as thermoset composites are very durable and are low on maintenance because of their rigid inter-linking molecular structure, inert chemical composition, and resistance to ultraviolet and chemical attack. The COVID- 19 outbreak led the demand for thermoset resins below the 2019 level, owing to production halt from wind energy, automotive & transportation, aerospace & defense, pipes & tanks, and other industries.

In terms of regions, Asia-Pacific is estimated to be the largest market during the forecast period, with China, Japan, and India being the major countries with healthy growth opportunities. The growth of the market is mainly driven by the expanding transportation, wind energy, and construction & infrastructure industries in the major economies of the region. Advancements in technology, regulatory policies, and government norms are the major drivers of the region’s composites market. The demand for composites in the region is expected to decline owing to continuous lockdown across various countries in 2020.

Key Players:

Some of the major players in composites market are Owens Corning, Toray Industries, Inc., Teijin Limited, Mitsubishi Chemical Holdings Corporation, Hexcel Corporation, SGL Group, Nippon Electrical Glass Co. Ltd., Koninklijke Ten Cate BV., Huntsman International LLC., and Solvay S.A. 

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 Cosmetic Pigments Market.

It was estimated prior to this unanticipated outbreak that the Cosmetic Pigments Market was expected to grow at a CAGR of 6.5% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

Pigments are materials that change colors of reflected and transmitted light as the result of wavelength selective absorption. Pigments have wide applications in cosmetic products and are called cosmetic pigments. Pigments are environment sensitive as they start fading in prolonged exposure to light. These are both natural and synthetic.

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 cosmetic pigments market is segmented as facial makeup, eye makeup, lip products, nail products, hair color products, special effect & special purpose products, and others. The facial makeup segment is expected to register the largest market share, during the forecast period, driven by the wide application of pigments in foundations.

Based on the composition type, the market is segmented as organic and inorganic pigments. The inorganic pigments’ segment is expected to occupy the larger share of the market as it contains metal oxides which provide opacity and lighten other colors and are extensively used in all cosmetic pigments.

In terms of regions, Europe is estimated to be the largest cosmetic pigments market during the forecast period. European cosmetic companies use advanced technologies such as surface treatment to produce high quality cosmetic products which require large amount of pigments, which in turn, is driving the region’s market.

Key Players:

Some of the major cosmetic pigment manufacturers are-

• Sensient Cosmetic Technologies
• Sun Chemical
• BASF SA
• Kobo Products
• Clariant
• Merck
• ECKART
• Sudarshan
• Geotech

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 Conformal Coating Market.

It was estimated prior to this unanticipated outbreak that the Conformal Coating 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.

Conformal coating is type of protective coating which is applied to PCBs and other electronic components to protect them from harsh operating environments such as dust, solvents, moisture, humidity, and high temperature. It usually has a thickness of 25-75µm. Conformal coatings can be categorized on the basis of type into acrylic, silicone, epoxy, urethane, parylene, and others. They are widely used in industries such as consumer electronics, automotive, aerospace & defense, industrial, telecommunications, 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 acrylic, silicone, epoxy, urethane, parylene, and others. Acrylic coating dominated the market in 2019, and is expected to maintain its position during the forecast period. Acrylic coatings are widely used in consumer electronics, aerospace & defense, and automotive industries, leading to its dominance in the global conformal coatings market.

Based on the end-use industry type, the conformal coating market is segmented as consumer electronics, automotive, aerospace & defense, industrial, telecommunication, and others. The consumer electronics segment held the largest share of the market in 2019, and is also expected to witness a healthy growth during the forecast period. Significant economic development in the emerging economies along with the growing disposable income of consumer is the major factor behind the dominance of the consumer electronics segment.

In terms of regions, North America is expected to remain the largest market during the forecast period, mainly driven by the USA. Asia-Pacific is estimated to be the fastest-growing market for conformal coatings during the forecast period. China, Japan, South Korea, Taiwan, and India are the key countries driving the growth of the region’s market. Significant economic development in the region is paving the path of transportation, electricals & electronics, medical, and industrial sectors, leading to a higher demand for conformal coating in the region.

Key Players:

Some of the major suppliers of conformal coatings are-

• Henkel AG & Company
• KGaA
• Illinois Tool Work
• Shin-Etsu Chemical Co., Ltd.
• The Dow Chemical Company
• H.B. Fuller Company
• Chase Corporation
• Electrolube Limited
• Dymax Corporation
• MG Chemical
• Specialty Coating System

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 Conductive Ink Market.

It was estimated prior to this unanticipated outbreak that the Conductive Ink 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.

Conductive ink is one of the major ingredients in printing of metal structures. It can be formulated by blending either nanoparticles or micron-sized particles that are highly conductive such as silver, gold, copper, zinc, or carbon.

Conductive Inks are of different types, such as silver, copper, carbon/graphene, carbon nanotube, conductive polymer, that are used in various applications, such as photovoltaics, RFID, PCB, membrane switches, displays, bio-sensors, thermal heating.

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 silver inks, copper inks, carbon nanotube inks, carbon/graphene inks, conductive polymer and others. The silver ink segment held the largest share of the market in 2019, and is expected to remain dominant during the forecast period. The extensive use of silver ink in photovoltaic applications is the key driver for its dominance.

Based on the application type, the conductive ink market is segmented as photovoltaics, membrane switches, displays, automotive, bio-sensors, RFID, PCB, thermal heating and others. The RFID segment dominates the market as use of conductive inks in the printing of RFID chips offers several benefits, such as reduction in size and faster and more efficient production, which result in low cost of production and rising demand for RFID tags, which are propelling the growth of the segment during the forecast period.

In terms of regions, Asia-Pacific is estimated to be the largest as well as fastest-growing market for conductive inks 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 the photovoltaics, PCBs, touchscreen products and the increasing use of windshield sensors in vehicles. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

Key Players:

Some of the major conductive ink manufacturers are-

• DowDuPont
• Poly-Ink
• Sun Chemical Corporation
• NovaCentrix
• Creative Materials Inc.
• Applied Ink Solutions
• Henkel AG & Co.
• KGaA
• Heraeus Holding GmbH
• Johnson Matthey
• Vorbeck Materials