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 Reactive Diluents Market.

It was estimated prior to this unanticipated outbreak that the Reactive Diluents 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.

The substance that reduces viscosity of a lacquer for processing is called reactive diluent. Reactive diluents become part of the lacquer during the subsequent curing through the process of copolymerization.

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 paints & coatings, adhesives & sealants, construction & infrastructure, composites, and others. The composite segment is projected to expand with the highest CAGR over the forecast period owing to its excellent strength-to-weight ratio, flexibility, and high tensile strength.

Based on the product type, the market is segmented as aliphatic, aromatic, and cycloaliphatic. The aliphatic segment accounted for the largest share in 2019, and is expected to maintain its dominance during the forecast period. This growth of the segment is owing to the relatively easy production process and low raw material cost.

In terms of regions, Asia-Pacific is projected to be the largest market. The Asia-Pacific’s market is expected to grow with a lucrative CAGR due to the growing population, rapid growth of building & construction and automotive industries, and better growth opportunities in composite applications. China and India are the growth engines of the region.

Key Players:

Some of the major players in the reactive diluents market are-

• Hexion
• Huntsman
• Aditya Birla Chemicals
• Kukdo Chemicals
• Evonik Industries
• Adeka Corporation
• Cargill
• EMS-Griltech
• Olin

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 Polymer Foam Market.

It was estimated prior to this unanticipated outbreak that the Polymer Foam Market was expected to grow at a CAGR of 5.6% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

Polymer foams are also known as expanded polymers. They are complex gases/solid-structured materials, consisting of a multitude of gas cells inside a solidified polymer matrix. They are majorly used for in a wide variety of applications such as disposable packaging of fast-food, cushioning of furniture and as insulation material.

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 resin type, the polymer foam market is segmented as polyurethane foam, polystyrene foam, PVC foam, phenolic foam, polyolefin foam, melamine foam, and other foams. The polyurethane foam leads the market owing to its high demand from building & construction and furniture & bedding industries.

Based on the end-use industry type, the market is segmented as packaging, building & construction, furniture & bedding, automotive, footwear, sports & recreational, others. The automobile industry is expected to grow at the fastest rate during the forecast period due to increasing usage of polymer foams in applications such as cushioning, gaskets, cables, and headliners, and the high growth of the automotive industry.

In terms of regions, Asia-Pacific is estimated to be the largest as well as the fastest-growing polymer foams market during the forecast period, with China, Japan, India, Indonesia, and Thailand being the major countries offering substantial growth opportunities. The growth of the region is owing to the growing building & construction, automotive, and packaging industries in developing economies and the easy availability of raw materials.

Key Players:

Some of the major polymer foam manufacturers are-

• Arkema
• Armacell International
• BASF
• Borealis
• JSP
• Recticel
• Rogers Corporation
• Sealed Air
• The Dow Chemical Company
• Zotefoams

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 Lightweight Fillers Market.

It was estimated prior to this unanticipated outbreak that the Lightweight Fillers Market was expected to to reach US$ 7.7 billion in 2025. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

Lightweight fillers are the substitutes of heavier substances offering greater weight reduction without compromising the volume of the end products. Further, these fillers enhance several properties of products such as durability, flexibility, thermal stability, and dimensional stability. They also save raw material cost by reducing the demand for binders/resins. Lightweight fillers majorly include microspheres that can expand up to 60 times from their original size without significantly gaining weight. These are functional additives, used to enhance the performance of the product, used for a variety of applications.

There are a variety of fillers present in the market. Each filler type is widely used in specific applications, driven by their distinct advantages and compete with some filler types having similar advantages. Lightweight fillers are majorly made from either glass, polymer, or ceramics. Thus, we have broadly classified materials into Glass Microspheres (hollow glass microspheres, foam glass granulates, perlite microspheres, and solid glass microspheres), Polymer Microspheres (expanded polymer microspheres and solid polymer microspheres), Ceramic Microspheres (cenosphere and ceramic microspheres), mineral fillers (wollastonite, ground mica, and calcined clay), and others (metallic microspheres).

The market was about to continue its journey of tremendous growth in the market with good growth opportunities in most of the application types. However, the rapid spread of COVID19 has entirely flipped the market dynamics and because of that, the market is expected to log a negative growth (decline) in the year 2020.

The construction industry is among one of the worst-impacted industries due to the pandemic. The industry has witnessed a downturn since the lockdown announced by several countries of the world to control the spread of COVID-19. The complete restriction in major economies has severely impacted the construction industry, the possible impact to be worsened than the great recession (2008-2009). As per the recent estimates of the IMF’s World Economic Outlook, there could be a possible cumulative loss of US$ 9 trillion to global GDP during 2020-2021 with a decline of -3% in global real GDP in 2020. Currently, the construction industry accounts for more than 12% of the global GDP. The lightweight fillers market is strongly dependent upon the organic growth of the construction and automotive industries.

On the basis of application type, the lightweight fillers market is segmented as paints & coatings, plastics & rubber, construction materials, life sciences and pharmaceutical, agriculture materials, and others. Paints & coatings are projected to remain the most dominant application in the lightweight fillers market during the forecast period, owing to its widespread usage and excellent benefits. Fillers, especially the lightweight fillers have been gaining penetration in paints & coatings. For instance, there is greater use of lightweight fillers in roof paints/coatings of commercial & residential buildings, solar reflective coatings on vehicle’s roof, and reflective markings on roads. Lightweight fillers added into paints & coatings offer a huge reduction in VOCs, improve flowability, gloss control, solar reflectivity, thermal insulation, shrinkage resistance, and heat resistance and hardness; in addition to weight reduction.

Based on the material type, the market is segmented as hollow glass microspheres, foam glass granulates, cenosphere, perlite microspheres, expanded polymer microspheres, ceramic microspheres, solid glass microspheres, solid polymer microspheres, metallic microspheres, wollastonite, ground mica, and calcined clay. Hollow glass microsphere is likely to remain the most dominant material in the market during the forecast period, in terms of value, mainly driven by its excellent properties such as low density, thermal stability, and dimensional stability and widespread usage in various industries.

Based on the microsphere type, the market is segmented as hollow microspheres and solid microspheres. Hollow microsphere is likely to maintain its dominance in the market during the forecast period in terms of value as well as the volume. Hollow and solid microspheres vary widely in density; hence, they are used for different applications. Due to their lower densities, hollow microspheres are used as a replacement of heavy raw materials in order to reduce the weight of structure/part apart from enhancing their other properties; whereas solid microspheres are used to enhance the physical properties of structures/parts.

In terms of region, Europe is projected to remain the largest market for lightweight fillers during the forecast period in terms of value, propelled by Germany, France, and the UK. Rising demand for energy-efficient buildings and architectures, high penetration of lightweight fillers, and the presence of several market stakeholders including paints & coatings manufacturers, automotive OEMs, as well as lightweight filler manufacturers (Imerys S.A., Nouryon, Merck KGaA, Omya AG, Trelleborg AB, and BASF SE) are the major factors behind the dominance of the region. Many major countries of the European region are among the worst-affected nations of the world due to the pandemic, causing a greater decline in the regions’ market.

Asia-Pacific is expected to recover at the fastest pace from 2021 onwards, driven by an early recovery expected in China, which is among one of the leading countries for several industries, such as Automotive, Electrical & Electronics, Construction, and Consumer Goods. As per The United States Geological Survey, China is the world’s leading producer of minerals including wollastonite and calcined clay. Matsumoto Yushi-Seiyaku Co., Ltd, Sekisui Chemical Co., Ltd., Sinosteel Maanshan New Material Technology Co., Ltd, and Kureha Corporation are some of the major lightweight filler manufacturers based in the region.

Key Players:

The supply chain of this market comprises raw material suppliers, lightweight filler manufacturers, distributors, and end users. Some of the key players in the lightweight fillers market are Imerys S.A., Kureha Corporation, Matsumoto Yushi-Seiyaku Co., Ltd, Merck KGaA, Nouryon, Omya AG, PQ Corporation, Sekisui Chemical Co., Ltd., Sinosteel Maanshan New Material Technology Co., Ltd, and The 3M Company.

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 Impact Resistant Glass Market.

It was estimated prior to this unanticipated outbreak that the Impact Resistant Glass Market was expected to grow at a CAGR of 7.6% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

Impact resistant glass is the high-strength glass that has the ability to stay intact even when shattered or broken. The impact resistant glass remains fitted in place by an interlayer and is laminated between two or more glass layers. It is majorly used in automotive windshields, skylight glazing, railings, staircases, fences, shower rooms, floors, window, table top, glass partition, glass sliding door, glass curtain wall, glass façade, bullet proof glass, high speed train windshield, explosion proof glass, and in regions that are prone to hurricanes.

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 interlayer type, the market is segmented as polyvinyl butyral, ionoplast polymer, ethylene vinyl acetate, and others. The polyvinyl butyral segment held the largest share of the market in 2019, and is expected to register the fastest growth during the forecast period. The segment is mainly driven by its excellent benefits such as huge adhesion, optical clarity, large tear resistance, and also impact absorbance, along with its benefits in acoustic insulation and in lessening the UV transmission. High strength and invasion resistance offered by polyvinyl butyral from burglary, bullets, hurricanes, and explosions are also the core factors generating demand in the high-security infrastructure places.

Based on the end-use industry type, the market is segmented as construction & infrastructure, automotive & transportation, and others. The construction & infrastructure segment commands the market. The growth of the segment is owing to the increasing demand for impact resistant glass in residential & commercial building projects and increasing government regulations for safety & security.

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 region’s market is mainly driven by the highly developed construction sector in emerging economies, along with the increasing investments in the region to advance the automotive sector. Increasing demand for impact resistant glass for automotive applications in windscreens for maximum safety and protection and adoption of impact resistant glass in advanced construction activities are expected to further drive the market.

Key Players:

Some of the major players in the impact resistant glass market are

• AGC Inc.
• Nippon Sheet Glass Co., Ltd.
• Compagnie de Saint-Gobain S.A.
• Guardian Industries
• Fuyao Glass Industry Group Co., Ltd.
• Central Glass Co. Ltd.
• Sisecam Group
• Taiwan Glass Industry Corporation
• Vitro
• S.A.B. De C.V.
• CGS Holding Co., Ltd.

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 Glass Microspheres Market.

It was estimated prior to this unanticipated outbreak that the Glass Microspheres Market would be able to cross US$ 3.8 billion by 2025. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

Glass microspheres are advanced, low-density fillers used in a variety of applications. They are available in a wide range of densities and crush strengths, capable of surviving most compounding and molding processes. These microscopic spheres are water-insoluble, chemically stable, and offer a high strength-to-weight ratio. Significantly lower impact of glass microspheres on rheology than mineral fillers make them easier to form highly filled parts with more complex geometries. They minimize molding temperature and injection pressure compared to mineral fillers. Also, the spherical shape (aspect ratio of 1.0) often improves the dimensional stability of polymer composites, resulting in less shrinkage and warpage. Glass microspheres with a specific density of less than 0.6 g/cm3 help in reducing 10%-30% weight of the plastic parts compared to the traditional fillers (talc, calcium carbonate, and clay with specific density in the range of 2.5 to 2.8 g/cm3).

The demand for glass microspheres is highly subjected to the growth of the end-use industries where these microspheres are used. The COVID-19 pandemic has hit the business world on an unprecedented scale. It has caused the closures of business operations, the stoppage of factory outputs, and the disruption to global manufacturing industries and their supply chain. Major end-use industries, such as automotive, building & construction, and consumer goods, have significantly been affected.

Stratview has firstly segmented the glass microspheres market based on the material type as hollow glass microsphere, foam glass granulates, perlite microsphere, and solid glass beads. Hollow glass microsphere is likely to remain the most preferred microsphere type in the market in the coming years. Hollow glass microspheres are increasingly finding usage in plastic & rubber applications, such as SMCs, injection-molded parts, packaging films, and wood composites; as well as in construction materials, such as caulks, adhesives & sealants, cultured marbles, putties, and potting compounds; and paints & coatings; and other applications such as lightweight cement slurries, syntactic foam, and buoyancy modules & risers.

Solid glass beads are currently holding the second-largest share in the market. Solid glass beads have higher densities (borosilicate glass spheres: 2.2 g/cm3, soda-lime glass spheres: 2.5 g/cm3, and barium titanate glass spheres: 4.49 g/cm3) and offer excellent retroreflection property, and are preferred in road marking application in order to lower the risk of accidents.

Based on the application type, the market is classified as plastics & rubber, paints & coatings, construction materials, agriculture materials, life sciences & pharmaceutical, and others. Paints & coatings are likely to remain the most dominant application, in terms of value, in the glass microspheres market during the forecast period. Glass microspheres reduce resin demand due to their lowest surface area; reduce volatile organic compound, shrinkage, and drying time by increasing solid content; provide good filling on uneven substrates; and provide lower viscosity compared to conventional fillers. In contrast to white inorganic pigments, such as TiO2, the glass microspheres efficiently reflect UV, Vis, and NIR radiations.

Plastics & rubber accounted for the second-largest share after paints & coatings. Microspheres are replacing traditional fillers, such as talc, calcium carbonate, and clay, in the transportation sector with the increasing effort towards the use of lightweight materials to improve fuel efficiency.

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. Europe, which is currently holding the leading position, will manage its lead in the global market by 2025. Germany is the growth engine of the European glass microspheres market. Increased demand for glass microspheres in fuel-efficient vehicles and energy-efficient homes in the region is behind the dominance of Europe in the world. The short-term market demand is challenging in the European region with Italy, Russia, the UK, and Spain being severely impacted by the coronavirus outbreak.

Asia-Pacific, from 2021 onwards, is estimated to heal up with the fastest pace. China, India, and Japan are estimated to remain the major markets for glass microspheres in the region. There has been a growing presence of regional companies in the market.

Key Players:

The supply chain of this market comprises raw material suppliers, glass microsphere manufacturers, paint/coating manufacturers, compounders, tier players, and end users. The key players in the market are the following.

• The 3M Company
• PQ Corporation
• Omya International AG
• Sinosteel Maanshan New Material Technology Co. Ltd.
• Dennert Poraver GmbH
• Sigmund Lindner GmbH
• Dicalite Management Group, Inc.
• SWARCO AG
• Silbrico Corporation
• Bublon GmbH