Veterinary Vaccines Market to Grow at a Robust Pace During 2021-2026

Mar 22,2021/IndustryNewsGlobal/ 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 Finasteride Market.

It was estimated prior to this unanticipated outbreak that the Finasteride Market was expected to grow at a CAGR of 2.9% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

Finasteride is a medication used for the treatment of enlarged prostate or hair loss in men, treatment of excessive hair growth in women, and used as a part of hormone therapy for transgender women.

The prime factor that is contributing to the demand for finasteride is the constantly rising cases of prostate cancer. Also, the consumer’s preference for hair treatment and increasing expenditure on hair care products to further drive the market.

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 1mg and 5mg. The 1mg segment dominated the finasteride market in 2019. Increasing cases of male baldness due to genetics, illness, stress, and medicine side effects to foster the demand of these products. Also, the rising aging population in countries such as Germany, Italy, the UK, and France has created huge demand for hair loss treatment products.

Based on the application type, the finasteride market is segmented as prostate treatment and hair treatment. Prostate treatment application is likely to grow at a faster pace during the forecast period, owing to increasing cases of prostate-related diseases.

In terms of regions, North America is the major market for finasteride. The products are widely used in the US for the treatment of male baldness and prostate-related diseases. Also, the North American region has a strong presence of major finasteride manufacturers, including Merck & Co., Inc., Teva Pharmaceutical Industries Ltd, and Cipla Limited.

Key Players:

Some of the major finasteride manufacturers are-

• Cipla Limited
• Dr. Reddy's Laboratories
• Guangdong Eashu Pharmaceutical Co., Ltd
• Henan Topfond Pharmaceutical Co., Ltd
• Merck & Co., Inc.
• Novartis AG
• Relonchem Limited
• Shandong Renhetang Pharmaceutical Co., Ltd
• Teva Pharmaceutical Industries Ltd
• Zhejiang CONBA Pharmaceutical Co., Ltd.

Mar 18,2021/IndustryNewsGlobal/ 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 Natural Fragrance Market.

It was estimated prior to this unanticipated outbreak that the Natural Fragrance Market was expected to grow at a CAGR of 9.8% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

Natural fragrance is extracted primarily from natural ingredients such as plant essential oils, essential oil blends or blends that contain naturally derived plant isolates. They are obtained through distillation, CO₂ extractions, cold pressing, and fermentations. On the basis of ingredients used, they can be categorized as essential oils and natural extracts. They are widely used in personal care and household products as consumers are demanding for more of natural-based products.

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 ingredient type, the market is segmented as essential oils and natural extracts. The essential oil segment held the larger share of the market in 2019, and is expected to remain dominant during the forecast period. Growing demand for natural products and increasing consumer spending power are the major factors driving the natural fragrance market.

Based on the application type, the market is segmented as fine fragrance, personal care & cosmetics, and household care. Fine fragrance application dominated the market in 2019 and is expected to maintain its position during the forecast period. Fine fragrance is increasingly used in perfumes, colognes, and deodorants.

In terms of regions, Europe is estimated to be the largest market for natural fragrance during the forecast period. Presence of a large number of natural fragrance suppliers, presence of a fair number of personal care & cosmetic brands in the region, and huge consumer base are the major factors behind the dominance of the region in the global market.

Asia-Pacific is expected to be the fastest-growing market during the forecast period. Significant economic development in the Asia-Pacific region, growing spending power of consumer, and rapid urbanization, are the major factors driving the growth of the Asia-Pacific’s natural fragrance market. North America is also expected to offer significant growth opportunity during the forecast period.

Key Players:

Some of the major Natural Fragrance manufacturers are-

• Givaudan SA
• Firmenich SA
• International Flavors & Fragrances
• Symrise AG
• Takasago International Corporation
• Mane SA
• Robertet SA
• Sensient Technologies Corporation
• T. Hasegawa Co., Ltd.
• Bell Flavors & Fragrances.

Mar 15,2021/IndustryNewsGlobal/ 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 Wood Pellet Market.

It was estimated prior to this unanticipated outbreak that the Wood Pellet Market was expected to grow at a CAGR of 10.5% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

Wood pellets are the biofuels that are manufactured by the process of crushing and densifying waste wood including industrial byproducts such as forestry wastes, old paper, and forestry residues. Wood pellets have come a long way as promising renewable energy sources, which substitute coal and natural gas in various industrial sectors, owing to their low cost and reduced carbon emission. The easy availability of wood pellet feedstock and low cost of production has immensely contributed towards its higher consumption, especially in the industrial sector.

Increasing consciousness towards the use of renewable energy sources for space heating in residential and commercial heating, along with the increasing adoption of recyclable and eco-friendly energy sources for power generation are the prime factors that are contributing to the demand for wood pellets. The clean-burning and cost-effective fuel option for heating needs for households is another factor that is driving the demand for wood pellets.

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 grade type, the market is segmented as premium, standard, and utility. The utility grade segment held the largest share of the market in 2019, and is expected to register the fastest growth during the forecast period. The utility grade segment is mainly driven by its low bulk density compared to that of premium grade wood pellets. The utility grade wood pellets provide benefits for space utilization to the industrial sector and due to this factor the usage of utility grade wood pellets has been growing for the industrial heating applications.

Based on the application type, the wood pellet market is segmented as residential, commercial, industrial, and animal bedding. The residential segment held the largest share of the market in 2019. Increasing consumption of wood pellets in North America and major European countries, owing to the growing initiatives to increase dependency on renewable energy sources for reducing carbon emission is the major factor behind the growth of the segment.

In terms of regions, Europe is estimated to be the largest market during the forecast period, with France, Germany, Russia, and the United Kingdom being the major countries with promising growth opportunities. The growth of the region’s market is mainly driven by the growing initiatives towards replacement of coal-fired power plants with pellet-based power plants, along with the growing focus on renewable energy sources in the region to reduce carbon emissions.

Key Players:

Some of the major wood pellet manufacturers are-

• Stora Enso Oyj
• Enviva Partners
• LP
• Pacific Bioenergy Corporation
• Drax Group plc
• AS Graanul Invest
• Lignetics, Inc.
• Ecochipp
• Svenska Cellulosa AB
• InstantHeat Wood Pellets, Inc.
• Pinnacle Renewable Energy Inc.

Mar 12,2021/IndustryNewsGlobal/ 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 Silicon Nitride Market.

It was estimated prior to this unanticipated outbreak that the Silicon Nitride Market was expected to grow at a CAGR of 7.5% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

Silicon nitride is a chemical compound made of elements, silicon and nitrogen. It is a white, high-melting-point solid. It is prepared by heating powdered silicon between 1300 °C to 1400 °C in a nitrogen environment. It retains fracture toughness and high strength even at very high temperatures.

Silicon nitride is used as a high-temperature structural component for gas turbines, combustor parts, and automotive engines.

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 reaction bonded silicon nitride, hot pressed silicon nitride, sintered silicon nitride, and others. The sintered silicon nitride segment is expected to remain dominant during the forecast period. Properties such as higher thermal shock resistance, high-temperature strength, creep resistance, better fracture toughness, excellent wear resistance, and oxidation resistance are the major factors expected to drive the growth of the segment during the forecast period.

Based on the end-use industry type, the silicon nitride market is segmented as photovoltaic, automotive, general industry, aerospace, medical, and others. The automotive industry dominated the market in 2019, and is likely to maintain its dominance during the forecast period as well. The growth of this segment is attributed to the high-temperature resistance property, which enables silicon nitride to be used in components of automobiles, such as engines. On the other hand, the medical industry is estimated to be the fastest-growing segment during the forecast period.

In terms of regions, Asia-Pacific is estimated to be the largest as well as fastest-growing market for silicon nitride during the forecast period, with China, Japan, India, and South Korea being the major growth engines of the region. The Asia-Pacific’s market for silicon nitride is driven by its increasing consumption, majorly in the automotive industry. North America and Europe are also expected to offer considerable growth opportunities during the forecast period.

Key Players:

Some of the major silicon nitride manufacturers are-

• The 3M Company
• AlzChem Group
• CeramTec
• Denka Company Limited
• H.C. Starck GmbH
• Kyocera Corporation
• Morgan Advanced Materials
• Toshiba Corporation
• Ube Industries, Ltd.
• Yantai Tomley Hi-Tech Advanced Materials

Mar 11,2021/IndustryNewsGlobal/ 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 Seismic Reinforcement Material Market.

It was estimated prior to this unanticipated outbreak that the Seismic Reinforcement Material Market was expected to grow at a CAGR of 4.4% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

Seismic reinforcement materials market is bolstered by seismic retrofitting measures as used by various residential and commercial buildings. Favorable government regulations and building norms will support the overall market demand over the forecast period. Sociological and economical inhibitions associated with seismic reinforcement techniques may hinder the market growth in coming years.

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 rebar & rod, column & beam, sheet & laminate, and others. Rebar & rod held the largest share of the market in 2020, and are expected to remain dominant during the forecast period. They are widely used to increase the tensile strength of concrete and masonry structures and are essential in framing structures to withstand earthquake loading.

Based on the installation type, the seismic reinforcement material market is segmented as retrofit and new structure. New structures to continue to dominate the seismic reinforcement material market. However, retrofit which accounts for a smaller share is expected to register higher growth during the forecast period due to the enforcement of seismic codes by local government authorities in earthquake prone areas.

Based on the end-use industry type, the seismic reinforcement material market is segmented as residential, commercial, industrial, and infrastructural. The residential segment accounted for the largest share and is expected to drive the demand for seismic reinforcement material over the forecast period due to the adoption of these materials in structural applications such as walls, frames, joints, beam, column, roof, and others.

In terms of regions, North America is estimated to register healthy growth during the forecast period due to the enforcement of stringent regulations with increased awareness on building’s strength falling under earthquake belt or seismic zone. Rising infrastructural activities in Asia-Pacific to provide significant opportunities in the coming years.

Key Players:

Some of the major seismic reinforcement material manufacturers are-

• ArcelorMittal
• Canfor Corporation
• HBIS Group Co., Ltd.
• Hyundai Steel Company
• Jiangsu Shagang Group Co., Ltd.
• LafargeHolcim Ltd.
• Tata Steel Limited
• Toray Industries Inc.
• UltraTech Cement Limited
• Weyerhaeuser Company
• Others.