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 Battery Additives Market.

It was estimated prior to this unanticipated outbreak that the Battery Additives Market was expected to grow at a CAGR of 7.8% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

Battery additives are used in batteries to enhance their performance and improve their service life. Further, these additives also enhance a battery’s charge holding capacity.

Battery additives are of different types, such as conductive additive, porous additive, and nucleating additive that are used in various applications, such as lithium-ion batteries and lead acid batteries.

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 market is segmented as lithium-ion battery, lead acid battery, and others. The lead acid battery segment held the largest share of the market in 2019, whereas lithium-ion battery is expected to be the fastest-growing application type during the forecast period. Lithium-ion batteries are majorly used in various applications, such as smartphones, tablets, laptops, wearable devices, and other home applications. The performance of lithium-ion batteries is enhanced by the presence of additives which possess various properties such as increased storage stability and offer safety.

In terms of regions, Asia-Pacific is estimated to be the largest as well as the fastest-growing battery additives market during the forecast period, with China and India being the major countries with lucrative growth opportunities. The growth of the market is driven by factors such as increasing demand for battery additives as they are used in various applications such as portable devices and electric vehicles, increasing population, the presence of a large number of battery additive manufacturers, and growing end-use industries, which have led to innovation and development, generating a huge demand for battery additives 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 battery additives market are-

• Cabot Corporation
• The 3M Company
• IMERYS S.A.
• Orion Engineered Carbons
• Hammond Group
• SGL Group
• Borregaard

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 Asphalt Additives Market.

It was estimated prior to this unanticipated outbreak that the Asphalt Additives Market was expected to grow at a CAGR of 5.9% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

Asphalt is made up of various mixtures of hydrocarbons called as bitumen. Asphalt additives are the materials that are added to asphalt for changing its properties for the asphalt binder. The adding of additives into asphalt raises the functional temperature range of asphalt. An additive also helps in the preventing of cracking by intensifying the bond between the aggregate and the binder, and enhances the film thickness. These additives provide certain benefits such as reduction in stripping, life cycle costs, cracking, raveling, permanent deformation and pavement thickness.

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 polymerized asphalt cement, novophalt, multigrade asphalt cement, polyester modifier, and others. The polymerized asphalt cement segment held the largest share of the market in 2019, and is expected to remain dominant during the forecast period. Polymerized asphalt cement provides strength, durability, finishing, and ease of operation. Polymerized asphalt cement also reduces the amount and severity of pavement distresses and increases the service life. These advantages have resulted in the growing demand for polymerized asphalt cement.

Based on the technology type, the asphalt additives market is segmented as hot mix, cold mic, and warm mix. The hot mix segment dominates the market, as hot mix asphalt additives are durable, moisture resistant, and thermal cracking resistant, and provides excellent workability and skid resistance.

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. The growth of the market is driven mainly due to the increasing investments of foreign countries, along with the strong requirement of asphalt additives in the construction sector, and growing production facilities in the region.

Key Players:

Some of the major asphalt additive manufacturers are-

• Nouryon
• Arkema SA
• Honeywell International Inc.
• Evonik Industries
• Kraton Corporation
• BASF SE
• Ingevity Corporation
• Arrmaz
• DowDuPont Inc.
• Huntsman Corporation
• Sasol Limited
• Kao Corporation
• Sinopec Corporation
• Iterchimica SRL
• Grupo Dynasol

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 Aroma Ingredients Market.

It was estimated prior to this unanticipated outbreak that the Aroma Ingredients 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.

Aroma ingredients are mainly chemical compounds with fragrance or smell. Such compounds are highly volatile in nature and can be easily sensed by the olfactory system that is located in the nose.

Aroma ingredients can be natural or can be also synthetic. They are used mostly in fine fragrances and also in a number of other products such as different toiletries, cosmetic products, 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 synthetic ingredients and natural ingredients. The synthetic ingredients segment is estimated to lead the market in the coming five years. The growth is attributed to the viable cost of synthetic ingredients, easy obtainability, and steadiness in quality. 

Based on the application type, the market is segmented as fine fragrances, toiletries, and cosmetics. The fine fragrances segment is expected to lead the market during the forecast period. Fine fragrance is a terminology used for products thinned with alcohol and comprise a high concentration of aroma ingredients. Fine fragrances include prime application areas, such as colognes, perfumes, body mists, and deodorants. Aroma constituents are the major components employed in the formulation of fine fragrances. Thus, the growing demand for colognes, perfumes, deodorants, and body mists across the world is estimated to boost the demand for aroma ingredients in the fine fragrances application segment during the forecast period.

In terms of regions, the European region is estimated to be the largest market for the aroma ingredients market across the globe owing to the presence of leading manufacturing giants of aroma ingredients and personal care products in the coming five years. The major countries bolstering the growth of the European aroma ingredients market are France, Germany, Italy, and the UK. Further, the European perfume industry is exceedingly innovative. Thus, these manufacturers yield a wide range of fragrances, which generate a high demand for aroma ingredients in the region. Asia-Pacific and North America are also expected to offer substantial growth opportunities during the forecast period.

Key Players:

Some of the major players in the aroma ingredients market are Bel Flavors & Fragrances, Huabao International Holdings, Kao Corporation, Ogawa & Co., Ltd, Robertet SA, Solvay SA, S H Kelkar and Company Limited, Sensient Technologies Corporation, T. Hasegawa Co., Ltd., and Takasago International 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 Antistatic Agents Market.

It was estimated prior to this unanticipated outbreak that the Antistatic Agents Market was expected to grow at a CAGR of 6.3% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

Antistatic Agents are the chemical substances which help in reducing or eliminating the buildup static electrical charge which occur due to the transfer of electrons. They help in enhancing the conductivity of the material by absorbing the moisture from the surrounding environment or by itself.

Antistatic Agents are of different types, such as liquid and powder, that are used in various end-use industries, such as packaging, automotive, and electronics.

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 form type, the market is segmented as liquid, powder, and others. The liquid segment held the largest share of the market in 2019, and is expected to remain dominant during the forecast period. The wide use of liquid antistatic agents in spraying and efficient dyeing applications is driving the growth of this segment. Liquid antistatic agents have a higher tendency to migrate over material surfaces as compared to other forms of antistatic agents.

Based on the product type, the market is segmented as ethoxylated fatty acid amines, glycerol monostearate, diethanolamides, and others. The ethoxylated fatty acid amines segment held the largest share of the market in 2019, and is expected to dominate the market during the forecast period. The extensive use of ethoxylated fatty acid amines in the manufacturing of films & sheets used in the packaging industry to remove or reduce the static charge build-up over their surfaces is driving the growth of this segment.

Based on the polymer type, the market is segmented as polypropylene, acrylonitrile butadiene styrene, polyethylene, polyvinyl chloride, and others. The polypropylene segment held the largest share of the market in 2019, and is likely to maintain its dominance during the forecast period. The varied use of polypropylene antistatic agents in the manufacturing of rigid packaging, flexible packaging, and Biaxially Oriented Polypropylene (BOPP) films is driving the growth of this segment.

Based on the end-use industry type, the market is segmented as packaging, automotive, and electronics. The packaging industry segment dominates the market. Further, the demand for plastics and resins from the packaging industry is growing at a rapid pace across the globe, which is 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 antistatic agents 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 packaging, automotive, and electronics, which is generating huge demand for antistatic agents and the presence of a large number of antistatic agent 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 antistatic agent manufacturers are-

• BASF SE
• Arkema S.A.
• Clariant AG
• Croda International PLC.
• DuPont de Nemours, Inc.
• Evonik Industries AG
• Solvay S.A.
• PolyOne Corporation
• Mitsubishi Chemical Corporation
• Kao 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 Electric Drive Module (eDM)   Market.

It was estimated prior to this unanticipated outbreak that the Electric Drive Module (eDM) Market will reach US$ 10.7 billion in 2025. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

Electric Drive Module Market Insights

This decade is proving to be the most disruptive for the automotive industry with key trends, such as alternative vehicles, autonomous vehicles, shared vehicles, and connected vehicles, are primarily transforming the industry. Among all, alternative vehicles, especially electric vehicles, earned the most traction in the industry, owing to their zero-emission feature. The sheer interest of the non-automotive companies, such as Google and Apple, for the development of electric vehicles further augments the positive outlook of the electric vehicles in the coming years.

To make electric vehicle a more viable option for customers, automakers have rigorously been working for the development of efficient infrastructure, supply chain as well as high-performance and cost-effective components. Among many developments, One of the most promising achievements is the development of electric drive module (eDM). Electric vehicle powertrain has significantly evolved in the past few years, as researchers and manufacturers in the industry are paying significant attention and interest in the development of efficient powertrain solution for electric vehicles.

Electric drive module offers, a compact, highly integrated, and an all-in-one solution for the electric vehicle powertrain. The main three components (electric motor, power electronics, and transmission) of an electric powertrain are integrated into a single module in order to deliver improved performance and to omit many components, such as connectors, cables, and hydraulic connections.

The electric drive module market is a multi-million-dollar business today and its size is estimated to grow to multi folds over the next seven years to reach US$ 10.7 billion in 2025. This integrated system delivers high power-to-size ratio, excellent cost effectiveness, high system efficiency, excellent durability, and weight saving. It is a suitable claimant addressing the challenge of procuring individual components from a different supplier and further assembling of each component in the electric vehicle.

Electric Drive Module Market Share Analysis

Insights by Powertrain Type

The global electric drive module market is segmented based on the powertrain type as BEVs and PHEVs. BEVs are likely to remain the growth engines of the market during the forecast period. Increasing production of BEVs, especially from Tesla and Nissan, and an entry of other new start-ups and existing OEMs in the BEV segment are the major factors propelling the demand for eDMs in the vehicle type segment. Increasing penetration of eDMs and recent advancements, such as the development of 5th generation electric powertrain by BMW, are likely to drive the market in the PHEV segment during the same period.

Insights by Peak Power Type

Based on the peak power type, the eDM market is segmented into <150 KW and >150 KW.  >150 kW type is projected to remain the most dominant segment over the next five years, whereas <150 kW type is expected to witness a higher growth over the same period. >150 kW-based eDM currently founds usage in all the models of Tesla. Expected penetration of eDMs in MHCVs is further likely to boost the demand for >150 kW-based EDM in the future.

Regional Insights

Based on the region, the Americas is projected to remain the largest market for eDMs during the forecast period. The USA is likely to remain the growth engine of the region’s market, owing to the presence of assembly house of the major electric vehicle OEMs, such as Tesla and Nissan, stringent emission standards from the regulatory bodies, and increasing penetration of electric vehicles.

At present, EMEA (Europe, Middle East, and Africa) is the second-largest market for eDMs. The UK and Germany are the two major contributors in the EMEA’s eDM market, owing to the presence of major auto OEMs and significant investment towards research & development to enhance electric powertrain.

Asia-Pacific is expected to witness the highest growth during the forecast period, owing to increasing adoption of electric vehicles in the economies, such as China, Japan, and South Korea, to curb fuel emission as well as targeting exports.

Key Players

The supply chain of this market comprises raw material suppliers, component manufacturers, tier players, and OEMs. The key players in the eDM market are Tesla Inc., Nissan Motor Co., Ltd., BorgWarner Inc., Continental AG, Magna International, Inc., GKN Driveline, Robert Bosch GmbH, and Siemens AG. Development of compact design and close work with EV OEMs are some of the strategies adopted by the key players in order to gain a competitive edge in the market.