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 Aircraft Soft Goods Market.

It was estimated prior to this unanticipated outbreak that the Aircraft Soft Goods Market will reach US$ 837.8 million in 2024. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate. Boeing and Airbus had a combined total order backlog of 13,048 commercial aircraft as of 31st December 2018. These huge pile of order backlogs of commercial aircraft will allow both airframers to roll out their aircraft continuously for the next nine years at current build rates.  Also, they have been introducing fuel-efficient variants of their best-selling aircraft programs with the purpose to address the biggest requirement of the airline industry, which is the fuel-efficient aircraft. This is likely to engender a greater demand for soft goods in the OE segment in the foreseeable future.

Aircraft Soft Goods Market Segment Insights:

By Aircraft Type:

Commercial aircraft is likely to remain the growth engine of the market during the forecast period. Increasing production rates of key programs, such as B737, A320 family, B787, and A350XWB; market entry of new players, such as COMAC and Irkut; an introduction of variants of existing best-selling aircraft programs, such as B737 max, A320neo, and B777x; and an increasing demand for cabin retrofit of the large aircraft fleet are likely to offer a sustainable growth platform for soft goods in this segment in the coming years.

By Product Type:

Seat is likely to remain the most dominant segment of the global aircraft soft goods market over the next five years, driven by a high demand for seats for OE as well as retrofit in the commercial aircraft segment coupled with an increasing demand for comfortable, aesthetically excellent, and lightweight seat and armrest covers. Whereas, carpet, another considerable segment, is likely to witness the highest growth during the same period, driven by a large surface area of aircraft flooring.

By Material Type:

Nylon yarn is the most widely used material in the market and is likely to maintain its dominance during the forecast period. It is considered an ideal material for producing carpets, seat covers, and curtains for aircraft interiors. Wool/nylon blend fabric, natural leather, synthetic leather, and polyester fabric are the other major materials used in the manufacturing of soft goods for the aircraft industry. They also offer sizeable growth opportunities in the coming years.

By End-User Type:

Rising fleet size of commercial aircraft and an increasing demand for advanced lightweight soft goods products to the replace the old ones are the major driving forces behind the significant growth of the aftermarket segment.

By Region:

North America is projected to remain the largest market during the forecast period, driven by both OE as well as aftermarket segments. The USA is the growth engine of the region’s market and has the presence of almost all the major aircraft OEMs including Boeing, Airbus, Cessna, and Gulfstream. Rising commercial aircraft fleet size in the region is likely to further boost the overall demand for soft goods in the aircraft industry in the foreseeable future.

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 Recycled Lead Market.

It was estimated prior to this unanticipated outbreak that the Recycled Lead Market was expected to grow at a CAGR of 3.5% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

According to the International Lead Association, approximately more than 50% of the demand for lead across the world is obtained from recycled lead, which is mainly because of the simple production and cost-efficient features of recycled lead, along with the decreasing number of lead mining, owing to the depletion of lead ores and surge in the regulation of lead mining. On the other hand, the use of lead-acid batteries, majorly in automobiles, having lower cost and longer shelf life, are likely to fuel the growth of the recycled lead market during the forecast period.

Recycled lead is basically extracted from the lead-containing components such as lead acid batteries, cable sheathings, pipes, and plumbing articles and can be re-melted any number of times. Lead has the highest rate of recycling across the world, as compared to other common recyclable items such as glass, newspaper, cardboard, and rigid plastics. It is also known for its supreme quality features such as corrosion resistance, soft texture, and excellent malleability.

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 soft/pure lead, lead alloys, and lead oxides. Soft/pure lead accounted for the largest share of the market in the year 2019, being the primary refined product of recycled lead and is majorly used in the production of lead-acid batteries as a raw material. Furthermore, pure lead is used in producing lead alloys and oxides. The three product types of recycled lead can be largely be distinguished based on their respective features. The addition of various elements such as copper, indium, silver, calcium, and tin to pure lead results in alloys having high strength, which are further used as an anti-corrosive sheet in industries such as marine and construction.

Based on the application type, the market is segmented as lead acid batteries, radiation shielding, rolls & extruded products, and others. Lead acid batteries are estimated to be the fastest-growing application type of the market during the forecast period. Recycled lead used for producing lead acid batteries is completely recyclable and recoverable. On the other hand, secondary lead is processed, cast, and rolled into different forms such as sheets, billets, wires, and is employed for further industrial uses. Lead acid batteries are the major sources for recycling lead, in which every component is separated; lead is processed and converted into different forms for further applications in the lead industry.

Based on the industry type, the market is segmented as energy, transportation, data centers, electronics, construction, healthcare, and others. Data centers are estimated to be the fastest-growing industry in the recycled lead market during the forecast period. The demand for data centers is rising globally with the arrival of cloud computing and the growing requirement for servers by search engine giants such as Google. Google itself has set up over 12 data centers, which have a variable capacity of 2.5 million servers, globally. Moreover, there are other companies such as IBM Corporation, Cisco Systems, Inc., and Dell EMC, which are also the major players in the industry. Recycled lead is used as a material for lead acid batteries in UPS systems for data centers, which is expected to fuel the demand for recycled lead during the forecast period.

In terms of regions, Asia-Pacific accounted for the largest share of the overall recycled lead market in 2019. The region is likely to maintain its leading position with China being the largest recycler and consumer of lead scrap during the forecast period. There will be an enormous quantifiable surge of secondary demand for lead, owing to the low cost of lead acid batteries along with the growing demand for energy storage for data centers and solar energy over the coming years. There is an increase in the number of investments in recycling infrastructure in countries such as India and Malaysia, which is estimated to result into a greater production of secondary lead. 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 recycled lead market are-

• Aqua Metals, Inc.
• Canada Metal North America Ltd.
• ECOBAT technologies
• ENERSYS
• Exide batteries
• Gravitas Group
• Mayco Industries
• Recylex S.A
• The Doe Run Company
• Tianjin Dongbang Lead Resources Recycling 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 Solder Flux Market.

It was estimated prior to this unanticipated outbreak that the Solder Flux Market was expected to grow at a CAGR of 5.7% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

Flux is a chemical cleaning agent that is used prior to and during the soldering process of electronic components onto circuit boards. It also protects the metal surfaces from oxidation and helps in soldering process by altering the surface tension of the molten solder. Based on the product type, solder flux can be categorized into rosin-based, water soluble, and no-clean. On the basis of industries served, it can be categorized into consumer electronics, automotive, telecommunications, and 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 product type, the market is segmented as rosin-based, water soluble, and no-clean. The rosin-based segment dominated the market in 2019, and is expected to maintain its position during the forecast period. Rosin-based solder fluxes are non-conductive, hard, and corrosion resistant and hence, holds the largest share of the pie.

Based on the end-use industry type, the solder flux market is segmented as consumer electronics, automotive, telecommunications, and others. Consumer electronics segment held the largest share of the market and is also expected to witness a healthy growth during the forecast period. Increasing demand for technically advanced gadgets such as phone and tablets along with home appliances is the major factor behind the dominance of the consumer electronics segment.

In terms of regions, Asia-Pacific is estimated to be the largest market for solder flux during the forecast period. China, Japan, Taiwan, South Korea and India are the major economies contributing towards the growth and high demand for solder flux in the region. Cheap labor, low cost raw materials, and huge consumer base are the major features of the Asia-Pacific’s solder flux market. North America and Europe are also expected to witness a healthy demand for solder flux during the forecast period.

Key Players:

Some of the major players in the solder flux market are-

• Henkel
• Premier Industries
• MacDermid Alpha Electronics Solutions
• Indium Corporation
• Inventec Performance Chemicals
• KOKI Company Ltd.
• La-Co Industries Inc
• Shenzhen Tong fang Electronic New Material Co., Ltd.
• FCT Solder
• Johnson Matthey

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 C4ISR Systems Market.

It was estimated prior to this unanticipated outbreak that the C4ISR Systems Market will reach an estimated US$ 112.5 billion in 2023, propelled by a host of factors including an increasing military expenditure, especially by the developing economies including China and India, an increased demand for mobile command systems, and a rising demand for advanced electronic systems to gain an edge over others. Also, C4ISR systems offer a wide array of advantages including real-time data collection, situational awareness, tactical communication, and advanced battlefield management systems. This assists the defense forces in decision making and helps the forces to have an edge over others.

C4ISR Systems Market Segment Insights:

By Platform Type:

The land segment currently dominates the market and is likely to maintain its dominance throughout the forecast period, driven by the high allocation of defense budget coupled with a greater demand for the procurement of command & control and communications systems. Airborne, the second largest segment, is likely to witness the highest growth during the forecast period, driven by an increasing demand for UAVs (Unmanned Aerial Vehicles) and a greater need for intelligence gathering. 

By Application Type:

The ISR segment is likely to maintain its dominance during the forecast period, driven by an advancement in the ISR systems including radars, sonars, and electro-optic sensors as well as rising demand for ISR systems to stay ahead of their opponents. The communication segment is likely to grow highest during the same period, driven by a higher focus on the upgrade of communication systems.

By Region:

North America is expected to remain the most dominant market during the forecast period. The USA is likely to remain the growth engine of the region’s market during the same period. High defense budget coupled with the presence of all the major C4ISR system providers is the driving force behind the dominance of the region’s market.

Asia-Pacific is likely to witness the highest growth during the same period, primarily driven by rising defense budget of the major Asian economies. China, India, and South Korea are the major markets for C4ISR systems in the region and are likely to create most of the demand for these systems in the coming years.

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 Fuel Systems Market.

It was estimated prior to this unanticipated outbreak that the Aircraft Fuel Systems Market will reach US$ 7,059.1 million in 2024. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

Aircraft Fuel Systems Market Segment Insights:

By Aircraft Type:

Commercial aircraft is expected to remain the largest segment of the aircraft fuel systems market during the forecast period. The UAV segment is also projected to witness the highest growth over the next five years, propelled by increasing investment for the development of UAVs across the world.

By Engine Type:

The jet engine is expected to remain the growth engine of the aircraft fuel systems market during the forecast period, driven by a higher penetration in the commercial and regional aircraft.

By Region:

North America is projected to remain the largest aircraft fuel systems market during the forecast period, driven by the USA. The region is the manufacturing capital of the aerospace industry with the presence of several large- to small-sized aircraft manufacturers, MRO players, tier players, and raw material suppliers. The North American aerospace industry is well-developed and possesses strong technological capabilities.