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 Amorphous Polyethylene Terephthalate Market.

It was estimated prior to this unanticipated outbreak that the Amorphous Polyethylene Terephthalate 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.

Amorphous polyethylene terephthalate (APET) is produced by means of extrusion of polyethylene terephthalate. It is a thermoplastic sheet. APET offers remarkable properties such as clear visibility, high strength and stiffness, gloss, mechanical and thermoforming characteristics, and is extensively used for packaging food products & beverages.  

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 bottles, films/sheets, food packaging, and others. Bottles are estimated to be the fastest-growing segment of the market during the forecast period. Amorphous polyethylene terephthalate offers high malleability and inert nature, due to which its usage has been increased to manufacture bottles, which are lightweight, clear, and tough. The other major factor fueling the market growth during the forecast period is the increasing use of amorphous polyethylene terephthalate bottles for packaging carbonated soft drinks, pharmaceuticals, and energy drinks.

Based on the end-use industry type, the amorphous polyethylene terephthalate market is segmented as food & beverages, pharmaceuticals, dairy, automotive, textiles, and others. Food & beverages is expected to be the fastest-growing segment of the market during the forecast period. There has been an increase in the demand for bottles, containers, trays, and other things manufactured from amorphous polyethylene terephthalate for packaging food products from the food & beverages industry. Moreover, change in lifestyle of the masses and busy schedule of the working class population, globally are also fueling the consumption of ready-to-eat food products, which in turn, is leading to the increase in demand for packaging materials made from APET, thereby driving the growth of the food & beverages end-use industry segment of the market.

In terms of regions, Asia-Pacific is expected to be the largest as well as the fastest-growing market for amorphous polyethylene terephthalate during the forecast period, with China, India, South Korea, and Australia being the major countries with lucrative growth opportunities. Factors such as growing population and improving economic conditions are driving the growth of the food & beverages industry in APAC, which is eventually fueling the growth of the amorphous polyethylene terephthalate market in the region. Europe and North America are also expected to offer substantial growth opportunities during the forecast period.

Key Players:

Some of the key players in the amorphous polyethylene terephthalate market are Covestro AG, DAK Americas LLC, Far Eastern New Century, Indorama Ventures Public Company Limited, JBF Industries Ltd., Jiangsu Sanfangxiang Group Co., Ltd., M.G. Chemicals, Quadrant AG, Reliance Industries Limited, and Sinopec Yizheng Chemical Fibre Company 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 Alumina Trihydrate Market.

It was estimated prior to this unanticipated outbreak that the Alumina Trihydrate Market was expected to grow at a CAGR of 5.8% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

Alumina trihydrate is a powdery, odorless, white, solid substance. With its role as a non-halogen flame retardant and smoke suppressant, it is also used as an antacid that can be ingested in order to buffer the pH within the stomach.

Alumina trihydrate can be used for different applications, such as flame retardant, filler, antacid, and others, which are used in various end-use industry such as plastics, building & construction, paints & coatings, pharmaceuticals, glass, rubber, 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 application type, the market is segmented as flame retardant, filler, antacid, and others. The flame-retardant segment held the largest share of the market in 2019, and is expected to remain dominant during the forecast period due to stringent regulations of flame retardancy across many countries in building & construction, plastics, and many other industries.

Based on the end-use industry type, the market is segmented as plastics, building & construction, paints & coatings, pharmaceuticals, glass, rubber, others. The plastics segment dominated the alumina trihydrate market in 2019, and is likely to maintain its dominance during the forecast period. The growth of the segment is owing to the properties of Alumina trihydrate, which is known to be very effective for flame retardant and filler applications. The need for fire safety is also a major factor contributing to the demand for plastics.

In terms of regions, Asia-Pacific is estimated to be the largest-growing market for alumina trihydrate during the forecast period. The growth of the market is on account of enormous opportunities that are available in the region. Growing application of flame retardants in various end-use industries, such as building & construction and plastics is also a major factor driving the market, globally.

Key Players:

Some of the major alumina trihydrate manufacturers are- 

• Albemarle Corporation
• Huber Engineered Materials
• Nabaltec AG
• LKAB Minerals AB

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 Alpha-Methylstyrene Market.

It was estimated prior to this unanticipated outbreak that the Alpha-Methylstyrene Market was expected to grow at a CAGR of 3.1% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

Alpha-Methylstyrene is a chemical intermediate used in manufacturing of polymers & resins and plasticizers. It is a colorless liquid which is formed as a co-product in the phenol production process of cumene oxidation.

Alpha-Methylstyrene is used to improve the properties of polymers, rubber and protective coatings. Major applications served by Alpha-Methylstyrene include ABS resin, Para-Cumylphenol, adhesives & coatings, waxes, and others. Alpha-Methylstyrene is available in different purity grades of which the above 99.5% grade is the most widely used one.

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 ABS resin, Para-Cumyphenol, adhesives & coatings, waxes, and others. The ABS resin application segment held the largest share of the market in 2019, and is expected to remain dominant during the forecast period. The wide use of ABS resin in automotive components and electronic appliances is driving the growth of this segment.

Based on the purity type, the alpha-methylstyrene market is segmented as above 99.5% and between 95% and 99.5%. The above 99.5% segment holds the larger share of the market and is also expected to witness a higher growth during the forecast period. Alpha-Methylstyrene with purity above 99.5% is majorly used in applications, such as ABS resin, plastic industry, adhesives & coatings, and others.

In terms of regions, Asia-Pacific is estimated to be large as well as fast growing market for alpha-methylstyrene during the forecast period, with China, Japan, India, and South Korea being the major countries with lucrative growth opportunities. The growth of the market is majorly driven by significant economic development in the regions, growing disposable income of customers, and huge consumer base. All these factors are contributing towards the increasing demand for automotive and electronic appliances, which in-turn, is driving the demand for alpha-methylstyrene in the region. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

Key Players:

Some of the major suppliers of alpha-methylstyrene are-

• Mitsubishi Chemical Corporation
• INEOS Group Holding S.A.
• DOMO Chemicals
• AdvanSix
• Rosneft
• Kumho P&B Chemicals
• Altivia Corp.
• SI Group Inc.
• Taiwan Prosperity Chemical Corp.
• Yangzhou Lida Chemicals
• Solvay SA
• Mitsui Chemicals, Inc.