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

Feb 17, 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 Containerboard Market. 

It was estimated prior to this unanticipated outbreak Containerboard Market will reach CAGR of 4.5% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

Containerboard Market Insights

Containerboard Market is likely to witness an impressive CAGR of 4.5% during the forecast period. Major factors such as increasing demand for lightweight packaging material, friendly government norms about recycled paper usage, and increasing usage of agricultural chemicals for protecting crops from insects and worms, are expected to drive the market growth during the forecast period. 

Market Share Analysis

Containerboard Market Share: By Product Type

Based on the product type, the market is segmented as linerboard, corrugating medium, and white tops. The linerboard is further divided into kraft liners and test liners. Kraft liners are estimated to hold the major part of the share in the market owing to their high tensile strength and wide application in paper sacks production during the forecast period.

On the other hand, test liners are estimated to witness significant growth owing to their range of applications in consumer durables packing which includes processed food, meat products, and home & personal care, and in lowering the emission level of carbon, which is fueling the segment’s growth over the forecast period.

Containerboard Market Share: By Application Type

Based on the application type, the market is segmented as fast-moving consumer goods, industrial, flowers, agriculture, and fruits. The fast-moving consumer goods is further segmented as processed foods, home & personal care, meat, pharmaceuticals, fats & oils, dairy & alternatives, and alcohol & drinks. Processed food application is estimated to hold the largest share of the market owing to its wide utilization in shielding consumables from contamination and tempering, boosting the segment’s growth during the forecast period. These products need food stability so as to maintain their taste and texture.

On the other hand, pharmaceutical is anticipated to witness significant growth over the forecast period. These products find use in maintaining sterilized environment, fragile product protection and stacking efficiency, and also protect drugs from radiations which may cause any change in chemical formulations coupled with loss of therapeutic values, accelerating the market growth during the forecast period.

Containerboard Market Share: By Region

In terms of regions, Asia-Pacific is estimated to be the leading region in the market with South Korea, Japan, China, Australia, and India being the major countries with lucrative growth opportunities during the forecast period. Further, for preventing food deterioration these establish an antimicrobial environment and protect meat products from direct influence of exterior environment as growing consumption of meat in the region can cause food spoilage.

Feb 16,2021/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 Insulation Coating Materials Market.

It was estimated prior to this unanticipated outbreak that the Insulation Coating Materials Market was expected to grow at a CAGR of 7.2% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

Components are coated with different materials for functional purpose. Coating protects components from harmful environmental effects. Insulation coating is a material which is used to block the heat radiation by using a broad spectrum thermally reflective coating. Insulation coating is applied to many components in different industries, such as aerospace, automotive, marine, building & construction, and industrial.

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 acrylic, epoxy, polyurethane, YSZ, and mullite. The acrylic segment held the largest share of the market in 2019, and is expected to remain dominant during the forecast period. Acrylic coatings are applied with user-friendly spray equipment and are suitable for applications up to temperature 150ºC. Growth in industrialization and expanding manufacturing sector will fuel the demand for acrylic coatings for insulation.

Based on the end-use industry type, the market is segmented as aerospace, automotive, marine, building & construction, industrial, and others. The marine end-use industry segment is likely to have the highest growth during the forecast period, as it provides corrosion resistance to in highly corrosion prone marine environment.

In terms of regions, Asia-Pacific is estimated to be the largest as well as fastest-growing market for insulation coating materials during the forecast period, with India, China and Australia being the major countries with lucrative growth opportunities, owing to growing industrialization in these emerging economies. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

Key Players:

Some of the major insulation coating material manufacturers are-

• AkzoNobel
• PPG Industries
• Kansai Paint Co., Ltd
• Sherwin Williams Company
• Jotun Group
• Nippon Paint
• The Dow chemical company
• Cabot Corporation
• Nippon Pain Holdings company
• Axalta Coating System

Feb 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 Bucket Trucks Market. 

It was estimated prior to this unanticipated outbreak Bucket Trucks Market will reach 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.

Bucket Trucks Market Insights

Bucket Trucks market is likely to witness a CAGR of 5.2% during the forecast period. The prime factor driving the bucket trucks market is rapid industrialization and urbanization leading to significant development in infrastructures.

Market Share Analysis

Bucket Trucks Market Share: By Product Type

Based on the product type, the market is segmented as class 4, class 5, class 6, class 7, and class 8. The class 8 segment dominated the market in 2020 and is expected to maintain its position during the forecast period. Rapidly expanding usage of class 8 products for the installation of electric power grids and communication system is driving the growth and dominance of the segment.

Bucket Trucks Market Share: By Application Type

Based on the application type, the bucket trucks market is segmented as construction, utility, telecommunication, forestry, and others. The telecommunication segment is expected to witness the highest growth owing to rapidly expanding 4G and 5G infrastructures across the globe.

Bucket Trucks Market Share: By Region

In terms of regions, Asia-Pacific is estimated to be the largest market for bucket trucks during the forecast period. China, Japan, South Korea, Taiwan, Australia, and India are the largest consumers of bucket trucks in the region. Rapid urbanization, growing disposable income of consumers, expanding infrastructure industry, and economic growth in the region are the major factors driving the growth of the Asia-Pacific market. North America and Europe are also expected to witness a healthy demand for bucket truck products during the forecast period.

Feb 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 Passive Electronic Components Market. 

It was estimated prior to this unanticipated outbreak Passive Electronic Components Market will reach 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.

Passive Electronic Components Market Insights

Passive Electronic Components Market is likely to witness a CAGR of 4.0% during the forecast period. Rapid growth in digitalization along with increased connectivity and mobility demand is giving rise to the complexity of electronics, fueling the growth of the passive electronic components market during the forecast period.

Market Share Analysis

Passive Electronic Components Market Share: By Inductors Type

Based on the inductors type, the market is segmented as consumer electronics and automotive. Consumer electronics is estimated to be the larger consumer of inductors in the market during the forecast period, owing to various applications of inductor, such as filters in the circuits to cut off frequencies, for power supply in several complex circuits, and for managing current. Shifting trends toward connected and smart devices are going to lead to an increased circuitry, generating an increased demand for inductors in consumer goods, such as television sets, computing devices, and wearable devices which keep a constant demand for inductors, fueling the segment growth over the forecast period.

Passive Electronic Components Market Share: By Region

In terms of regions, Asia-Pacific is estimated to be the dominant region in the market with India, China, Japan, and South Korea being the major countries with lucrative growth opportunities owing to the presence of several market players in the region. Factors, such as technological enhancements, exponential growth of smartphones in the region along with growing number of smartphone users in the regional countries, and smart city initiatives boosting the digitalization growth are expected to fuel the growth of the regional market over the forecast period. North America and Europe are also expected to offer substantial; growth opportunities in the market during the forecast period.

Feb 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 Industrial Wax Market.

It was estimated prior to this unanticipated outbreak that the Industrial Wax Market was expected to grow at a CAGR of 4.2% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

Industrial wax is an organic substance. It is used to manufacture candles, packaging, coatings & polishing, hot-melt adhesive, tire & rubber, cosmetics & personal care, and food items. There are different types of industrial wax used such as fossil-based, synthetic based, and bio-based. Bio-based waxes are environmentally friendly and can be recycled. They do not emit carbon dioxide due to which they can be used as fire logs.

Robust demand for chemicals and petroleum-based products has been the key factor immensely contributing to the growth of the industrial wax market. In addition, growing population, technological advancements in the wax market, and increasing per capita income in emerging countries such as China and India are underpinning the growth of the industrial wax 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 synthetic-based wax, bio-based wax, and fossil-based wax.  Fossil-based wax is likely to be the largest segment of the industrial wax market during the forecast period, owing to it being widely used in the cosmetic industry for manufacturing products such as mascara, moisturizing creams, lipstick, and sun blocks. Besides, it is also used for making candelas, packaging, and coatings of commercial products, which in turn, is driving the growth of the segment.

Based on the application type, the market is segmented as packaging, tires & rubber, candles, holt-melt adhesives, cosmetics & personal care, food, coatings & polishes, and others. The packaging segment is likely to be the attractive segment during the forecast period as the demand for moisture-resistant material for packaging is increasing globally.

In terms of regions, Asia-Pacific is estimated to be the largest industrial wax market during the forecast period, with China, Japan, and India, being the major countries with lucrative growth opportunities. The region is known to be the largest consumer of industrial wax, owing to the growth in the production and consumption of candles, packaging products and coatings.

Key Players:

Some of the major industrial wax manufacturers are-

• Dow Corning Ltd.
• Akzo Nobel NV
• BASF SE
• Royal Dutch Shell
• Sinopec
• Petroleo Brasileiro
• Hexion Inc.
• Honeywell International Inc.
• Arch Chemicals PVT LTD
• Momentive Performance Materials.