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 Composite Tube Market.

It was estimated prior to this unanticipated outbreak that the Composite Tube 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.

Composite tubes offer good structural properties and are used as an excellent alternative to steel, aluminum, and wood owing to their durability, resistive properties from corrosion and weather, and strength and stiffness. Composite tubes also offer features such as insulation (of fiberglass), and warm and smoothly finished surface.

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 carbon fiber tubes, glass fiber tubes, and others. Glass fiber is expected to remain the largest market, whereas on the other hand, carbon fiber is estimated to witness the highest growth rate in the market during the forecast period owing to its low weight and excellent strength-to-weight ratio.

Based on the end-use industry type, the composite tube market is segmented as industrial, electrical, robotics and automation, sports and leisure, transportation, telecommunication, and others. The industrial segment is expected to remain the largest end-use industry by value, as the demand for lightweight composite materials is increasing for various industrial equipment such as tool handles, rollers, instrument connection, and others. Robotics and automation industry is estimated to drive the market, experiencing the highest growth, owing to the increased penetration of composites that offer features such as weight reduction, increase in part stiffness and improvised automation process.

In terms of regions, Asia-Pacific is estimated to be the largest as well as the fastest-growing composite tube market during the forecast period, owing to rapid industrialization and urbanization in the region. The growth of the market is driven by the growth of various end-use industries, such as electrical, robotics and automation, sports and leisure, transportation, telecommunication, and others, which is generating huge demand for composite tubes. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

Key Players:

Some of the major composite tube manufacturers are Accurate Plastics, Inc., Composite Resources Inc, Containment Solutions Inc., Exel Composites Plc, Fiber Tech Composite Private Limited, Fibergrate Composite Structures, Inc., Foshan Zhihui Junzhang Advanced Composite Technology, Glasforms, Inc., Rock West Composites, Inc., and Strongwell Corporation.

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 Composite Sandwich Panels Market.

It was estimated prior to this unanticipated outbreak that the Composite Sandwich Panels Market was expected to reach US$ 2.4 billion in 2025. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

Sandwich composite panel is a structure that is made up of two thin laminate outer skins bonded to a lightweight thick core structure. These panels are majorly used in applications where a combination of high structural rigidity and low weight is required. Carbon fiber and glass fiber prepregs are commonly used as skin materials, whereas foam, aluminum honeycomb, nomex honeycomb, and balsa are commonly used core materials. The lightweight core resists the shear forces and provides insulation, whereas the two face skins provide durability, weather, and impact resistance, and resist in-plane forces of tension and compression.

Composite sandwich panels are widely used in the aircraft industry in galleys, floors, interior panels, sidewalls, partitions, control surfaces, and overhead stowage bins. These panels are also successful in finding applications in other markets including building & construction, mass transportation, and marine. Floors, sidewalls, and other interior panels are the major applications in trains, whereas external cladding, access loads, insulated thermal envelops, ceiling panels, wall partitions, and fire-resisting compartment walls are in the building & construction industry. Interior bulkheads, decking, covers, and cabinetry are in powerboats and yachts.

The outbreak of COVID-19 has severely impacted all the industries across the world. The aerospace & defense industry is projected to be among one of the worst-affected industries due to the pandemic. The aerospace industry was already enduring great loss due to the grounding of Boeing’s B737 MAX, whose impact was quite visible onto the demand for composite sandwich panels in 2019. The outbreak of the pandemic resulted in a significant reduction in passenger traffic with a huge plunge in revenue of airlines, aircraft OEMs, and tier players. Marine (recreational boats and yachts) and building & construction are the other two major markets that are also recording a huge plunge in demand in 2020.

The sandwich composite panel market is segmented based on the product type as glass fiber composites and carbon fiber composites. Glass fiber composite is expected to remain the dominant material type in the market during the forecast period. Good mechanical properties, dimensional stability, electrical resistivity, and low cost are the key factors driving glass fiber composite sandwich panels in a wide array of applications. Carbon fiber composite is expected to be a rapidly growing market. Carbon fibers offer exceptional properties but at a higher cost and are gaining share where weight reduction and high performance are critically required.

Based on the end-use industry type, the market is segmented as aerospace & defense, building & construction, transportation, marine, and others.  Aerospace & defense is expected to remain the biggest demand generator of sandwich panels in the foreseen future. Aircraft interiors are the major users of composite sandwich panels. Large commercial and regional aircraft fleet size, expected rebound in commercial aircraft production, entry of new or variants of the existing aircraft programs (C919, MC-21, B777x, etc.), and increasing penetration of composite panels are driving forces of the market in the industry.

The market is registering significant changes in regional dynamics in pre-COVID and post-COVID scenarios. All regions to mark significant declines in sandwich composite panel sales in 2020; however, North America is estimated to be the worst-hit region due to the pandemic, in terms of both, value as well as volume. Despite severely hit from COVID-19, the USA is projected to remain the largest market for composite sandwich panels during the forecast period. The USA has one of the largest fleets of commercial aircraft in the world and is a manufacturing hub of the aircraft industry, along with the presence of key sandwich composite panel manufacturers.

Europe and Asia-Pacific are the other major markets and are also likely to experience hefty declines in the demand for composite sandwich panels in 2020. The Asia-Pacific’s market is anticipated to witness the least decline in the demand for composite sandwich panels and is expected to recover at the fastest pace compared to other regions. In Europe, Germany, France, and the UK are the key markets, registering a significant decline in demand in 2020; with the UK’s market suffering the most from the pandemic.

Key Players:

The supply chain of this market comprises raw material suppliers, Prepreggers, core material suppliers, panel manufacturers, tier players, OEMs, airlines, aircraft leasing companies, and MRO companies. The key players in the composite sandwich panels market are Safran S.A., Collins aerospace Systems, The Gill Corporation, Diehl Aviation, Euro Composites S.A., JAMCO Corporation, Triumph Group, 3A Composites, The Yokohama Rubber Co., Ltd., and AIM Altitude. All the major sandwich composite panel suppliers have different growth strategies based on their synergies, product portfolio, market reach, geographical presence, and market positioning. However, a high level of integration, new product developments, and strategic alliances are some of the key strategies adopted by major 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 Composite Rollers Market.

It was estimated prior to this unanticipated outbreak that the Composite Rollers 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.

Composite rollers are lightweight alternatives of metal-based rollers which offer up to 60% weight saving over metal rollers. Moreover, they provide lower maintenance requirement, longer operational life, reduced power requirements, lower noise emission, improved productivity, and reduced downtime. These rollers are used in conveyor in industries such as pulp & paper, mining, textile, film & foil processing, and other industries due to their aforementioned advantages.

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, and others. Carbon fiber-based composite roller accounts for the largest share as it offers maximum strength and performance while keeping the weight at lower side.

Based on the resin type, the market is segmented as thermoset and thermoplastic. Thermoplastic dominated the market in 2019, and is expected to remain dominant during the forecast period. It provides good corrosion resistance, chemical resistance, and dimensional stability. Nylon, HDPE, and others are the major thermoplastic resins used in composite roller manufacturing.

Based on the end-use industry type, the composite rollers market is segmented as mining, pulp & paper, textile, film & foil processing, and others. Pulp & paper is expected to dominate the market during the forecast period. Composite rollers are increasingly being used as printing rollers and guide rollers as they provide excellent resistance to corrosion, chemical, temperature and wear & tear.

In terms of regions, Asia-Pacific is estimated to remain the largest market during the forecast period driven by the booming end-use industries including packaging, pulp & paper, and mining. The adoption of composite rollers is increasing in this region due to their prolonged life cycle, lower maintenance cost, and lower weight.  China and India are the major growth engines of 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 composite roller manufacturers are Lorbrand Composites, NEPEAN Conveyors, Pronexos, Double E Company LLC, Artur Küpper GmbH & Co. KG, Flexible Steel Lacing Company, Katsura Roller Manufacturing Corporation Limited, Conveyor Products & Solutions, Beijing HaoSheng Transmission Technology Co., Ltd, and Amalga Composites Inc., and others.

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 Composite Film Market.

It was estimated prior to this unanticipated outbreak that the Composite Film Market was expected to grow at a CAGR of 4.8% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

Composite films are majorly used in aerospace & defense and automotive industries in surface and lighting protection applications. Epoxy-based films are majorly used in these industries as they offer superior properties required such as strength, stability, lightweight, durability, and flexibility.  

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 film type, the market is segmented as epoxy film and others. Epoxy film dominated the market in 2019, and is expected to remain dominant during the forecast period due to its superior physical and mechanical properties. It is preferred film in aerospace & defense and automotive industries.

Based on the curing type, the composite film market is segmented as autoclave and out-of-autoclave. Autoclave is expected to dominate the market during the forecast period owing to its ability to produce high value composite films with high strength-to-weight ratio for the aerospace & defense industry.

Based on the function type, the composite film market is segmented as lightning strike protection, surface protection, and others. Lightning strike protection is expected to dominate the market during the forecast period owing to its ability to protect the composite panel and increase its lifespan when used in aircraft.

Based on the end-use industry type, the composite film market is segmented as aerospace & defense, automotive, and others. Aerospace & defense is expected to dominate the market during the forecast period as it offers 30% weight saving; which is a crucial factor in the in aerospace & defense industry. It also provides smooth surfaces that minimize the time and labor-intensive surface preparation.

In terms of regions, North America is estimated to remain the largest market during the forecast period due to the presence of prominent aircraft assemblers, increasing aircraft deliveries, and increasing demand for automotive vehicles with the expanding economies of the US, Canada, and Mexico. Increasing demand for films that are lightweight, have high tensile strength, and can withstand lightning strikes are likely to drive the composite films market.

Key Players:

Some of the major composite film manufacturers are-

• Gurit Holding AG
• Henkel AG & Co KGaA
• Hexcel Corporation
• Lincoln Composite Materials Inc.
• Northern Composites LLC.
• Park Aerospace Corp.
• Socomore
• Solvay S.A.
• The 3M Company
• Toray Industries Inc.
• others.

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 Commodity Plastics Market.

It was estimated prior to this unanticipated outbreak that the Commodity Plastics Market was expected to grow at a CAGR of 6.6% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

Today, plastics can be found in almost every application that catches your eye, ranging from shopping bags, trash containers, disposables, packaging films, to clothing, printed materials, toys, household products, etc. Most of these plastic products are made from six types of plastic materials which are polyethylene (PE), polypropylene (PP), polyvinylchloride (PVC), polystyrene (PS), polyester, and polyurethane (PU). These commodity plastics are lighter, resistant to abrasion, structurally stable, easily recyclable, and highly malleable. They are often used in large volumes for regular household applications and offer higher strength compared to other substitutes. Since commodity plastics are not used in critical service environments, they are relatively inexpensive and exhibit lower mechanical properties than engineered plastics.

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 material type, the commodity plastics market is segmented as Polyethylene (PE), Polypropylene (PP), Polyvinyl Chloride (PVC), Polystyrene (PS), Polymethyl methacrylate (PMMA), and others. The PE segment captured the largest share of the market in 2019, and is expected to remain dominant during the forecast period, propelled by easy availability and lower manufacturing cost along with favorable properties such as toughness, chemical resistance, and transparency. Also, high demand from packaging applications such as plastic films, plastic bags, plastic containers, tubing, bottles, wire insulation, household & kitchenware, and chemical containers is acting as a catalyst for the segment’s market.

Based on the application type, the market is segmented as packaging, construction, consumer goods, automotive, electronics, textile, medical & pharmaceutical, and others. The packaging segment is expected to remain the largest as well as the fastest-growing segment of the market over the forecast period.  This growth can be attributed to the increased demand for packaged food & beverages, as well as the rising demand for flexible packaging. Each segment has been further sub-segmented by application type for in-depth understanding.

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 lucrative growth opportunities. This growth can be attributed to the increasing investments in the construction industry coupled with rapid economic development in the region. Rising population and increasing demand for packaged foods in the consumer goods industry are the other key drivers of the region's commodity plastics market. Europe and North America are also expected to offer substantial growth opportunities during the forecast period.

Key Players:

Some of the major players in the commodity plastics market are-

• BASF SE
• Exxon Mobil Corporation
• Formosa Plastics Corporation
• LG Chem Ltd.
• LyondellBasell Industries N.V.
• Mitsubishi Chemical Corporation
• SABIC
• China Petroleum & Chemical Corporation (Sinopec Group)
• Sumitomo Chemical Co., Ltd.
• The DOW Chemical Company