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 Golf Cart Market. 

It was estimated prior to this unanticipated outbreak Golf Cart Market will reach 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.

Golf Cart Market Insights

Golf Cart market is likely to growth with a healthy CAGR of 5.9% over the next five years. According to the National Golf Foundation, there is a continuous increase in golf participation with a growth of 6.4% in the past two years. The growing number of golf participation along with the increasing number of golf courses all over the world is likely create enormous demand for golf over the next five years.  

Market Share Analysis

Golf Cart Market Share: By Fuel Type

Based on the fuel type, the market is segmented as gasoline and electric & solar powered. Electric & Solar powered golf cart dominated the market in 2019, and is estimated to maintain its lead during the forecast period, owing to its various benefits, such as noise reduction, zero emission, and low maintenance & operation cost.

Golf Cart Market Share: By Application Type

Based on the application type, the golf cart market is segmented as golf course, commercial service, and others. Golf course is likely to remain the largest application of the market during the forecast period, propelled by presence of large number of golf courses coupled with rising number of golf courses and number active participation in golf across the world.

Golf Cart Market Share: By Region

In terms of regions, North America to maintain its supremacy in the market during the forecast period, with the USA being the key growth engines of the region’s market. The USA constitutes the largest number of golf courses in the world with around 45% of the total courses in the world. Rising number of on-course and off-course play in the country is driving high growth in the country’s golf cart market and ultimately to the region’s and global markets during the forecast period.  

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 Disposable Face Mask Market. 

It was estimated prior to this unanticipated outbreak Disposable Face Mask Market will reach CAGR of 51.1% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

Disposable Face Mask Market Insights

Disposable face mask market is likely to witness a steady CAGR of 51.1% during the forecast period. The outbreak of viral diseases such as Covid-19 is the main reason for the exponential growth of the disposable face mask market in recent times and is expected to show similar surge due to growing healthcare concerns, awareness towards protection from diseases spreading due to aerosols and increasing air pollution worldwide.

Market Share Analysis

Disposable Face Mask Market Share: By Product Type

Based on the product type, the disposable face mask market is segmented as protective mask, dust mask, and non-woven mask. The protective mask segment is expected to be the largest segment during the forecast period owing to its advantages for users having respiratory problems or diseases such as asthma.

Disposable Face Mask Market Share: By Application Type

Based on the application type, the market is segmented as industrial and personal. The industrial segment is expected to be the largest segment during the forecast period. These face masks are widely used in industries and construction areas due to dust and harmful gases. Industries are sensitive to health. Growing industrialization and constructions worldwide are generating huge demand for disposable masks around the globe.

Disposable Face Mask Market Share: By Region

In terms of regions, Asia Pacific is estimated to be the largest region for the disposable face mask market during the forecast period. Manufacturers operating in this region are benefiting from the presence of a large customer base, most notably in countries such as China and India. China and India are also among the most substantial disposable face masks’ manufacturing countries in the world.

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 Aircraft Environmental Control Systems Market.

It was estimated prior to this unanticipated outbreak that the Aircraft Environmental Control Systems Market was likely to witness an impressive 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. Progressions in technology in environmental control systems and rise in air passenger traffic are the prime factors bolstering the growth of the aircraft environmental control systems market during the forecast period.

Aircraft Environmental Control Systems Market Segment Insights:

By System Type:

The thermal management & control system segment is estimated to register the highest growth during the forecast period. The growth of this segment can be attributed to the mounting amount of heat loads from various environmental control system architectures, avionics functionality, and high-temperature sensitivity of composite material systems against the traditional metallic designs.

By End-User Type:

The defense segment is expected to witness a higher CAGR in the coming five years, owing to enormous investments being made by the U.S. defense to solidify their battlefield capabilities.

By Region:

Asia-Pacific is estimated to register the highest growth in the aircraft environmental control systems market during the forecast period. The market is driven by the rising air passenger traffic in the region. Increase in disposable income of people and growth in air passenger traffic have immensely contributed to the upsurge in demand for new aircraft in the region, which in turn, is propelling the demand for environmental control systems. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

Some of the major players in the aircraft environmental control systems market are Air Innovations, Aero Space Controls Corporation, Curtiss-Wright Corporation, Fimac Spa, Honeywell International, Inc., Jormac Aerospace, Liebherr-International AG, Meggitt, PLC., Mecaer Aviation Group, and PBS Velka Bites. 

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 Additives Market for Deodorants & Antiperspirants Application Market.

It was estimated prior to this unanticipated outbreak that the Additives Market for Deodorants & Antiperspirants Application Market was expected to grow at a CAGR of 5.0% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

Additives market for deodorants and antiperspirants is basically categorized into two types of products i.e. deo actives and antiperspirant products. The commercial antiperspirants consist of aluminum chlorohydrate and aluminum sesquichlorohydrate as the active ingredients and on the other hand, deo actives are based on alcohol, consisting of antimicrobial agents including Farnesol, Sodium Bicarbonate, Ethylhexylglycerin, Triclosan, and Triethyl Citrate for minimizing the growth of bacteria.

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 deo actives and antiperspirants. Deo actives are estimated to witness a stronger growth rate in the market and are being used in deodorants for applying on body to cover or remove the foul odor of body. Factors such as the global demand for deodorants among consumers being increasingly reinforced because of the change in lifestyles and growing focus on personal hygiene, increase in tendency of people for pleasant body odor through the whole day, need for attaining protection against perspiration resultant of unpleasant odor of body, are expected to fuel the demand for deodorants in the market during the forecast period.

On the other hand, antiperspirants applications contain aluminum focusing to improve and make skin-friendly products. The combination of phosphate compounds and aluminum chlorohydrate is used to reduce the amount of aluminum compounds used, enhance the effect of antiperspirants, and give rise to the compatibility of skin, which in turn, is eventually boosting the demand for aluminum-based antiperspirants during the forecast period.

In terms of regions, Asia-Pacific is estimated to register high growth rate with the increase in demand for deodorants in the market during the forecast period. The regional growth is attributed to the trends of changing lifestyles and a better emphasis on hygiene along with increase in the availability of product, and the hot and humid seasonal climatic condition. Furthermore, the increased usage of non-aerosol deodorants and demographic factors, convenient pack size and changing use of deodorants among the customers, and the growing expenses on advertisements and promotions by the major players of the market are also expected to fuel the demand for the product in the regional market during the forecast period. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

Key Players:

Some of the key players in the global additives market for deodorants & antiperspirants application market are-

• BASF SE
• Firmeinch
• Givaudan
• International Flavors & Fragrances Inc.
• Nouryon
• Shiseido
• Symrise AG
• The Dow Chemical Company
• Unilever
• Wacker Chemie AG.

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 Aircraft Thrust Reverser Market.

It was estimated prior to this unanticipated outbreak that the Aircraft Thrust Reverser Market will reach an estimated value of US$ 4,761.7 million in 2024. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

Aircraft Thrust Reverser Market Segment Insights:

By Aircraft Type:

Both, narrow- and wide-body aircraft are expected to remain the growth engines of the global aircraft thrust reverser market during the forecast period of 2019 to 2024.

By Product Type:

Cascade is expected to remain the most dominant and fastest-growing product type in the aircraft thrust reverser market during the forecast period of 2019 to 2024, owing to its extensive usage in commercial and regional aircraft programs.

By Material Type:

Composite is expected to remain the material of choice in the global aircraft thrust reverser market during the forecast period. There has been an incessant replacement of metal components with composite components, owing to their excellent strength-to-weight ratio at a relatively low weight. Metals, such as aluminum, titanium, and stainless steel, are primarily used in small sub-components, such as hinges and fittings.

By Region:

North America is expected to remain the largest aircraft thrust reverser market during the forecast period, whereas Asia-Pacific is expected to experience the highest growth during the same period. The higher growth of aircraft thrust reverser in Asia-Pacific is mainly attributable to the increasing commercial aircraft fleet to support rising passenger traffic; the opening of assembly plants of Boeing and Airbus for B737, A320, and A330 aircraft programs; and upcoming commercial and regional aircraft, such as C919 and MRJ.