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 Military Biometrics Market.

It was estimated prior to this unanticipated outbreak that the Military Biometrics Market is likely to witness an impressive 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.

Military Biometrics Market Segment Insights:

By Recognition Type:

Based on the recognition type, the market is segmented as fingerprint recognition, facial recognition, iris recognition, and others. The fingerprint recognition segment is likely to remain the largest segment during the forecast period. Fingerprint recognition is the most-commonly type used authentication system in most of the defense agencies globally. Iris recognition to register the highest CAGR owing to its high accuracy.

By Region

In terms of regions, North America is estimated to be the largest military biometrics market during the forecast period, with the increasing concern for illegal migration. Asia-Pacific to be the fastest-growing market during the forecast period owing to the increasing adoption of biometric authentication in defense and upgrading security measures especially in developing countries such as China and India.

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 Epoxy Tooling Board Market.

It was estimated prior to this unanticipated outbreak that the Epoxy Tooling Board Market was expected to grow at a 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.

Epoxy tooling board is used to develop prototypes and moulds with high accuracy. It is used for developing master models of different parts in the aerospace industry, automotive die models, lay-up tools for low and medium temperature curing epoxy prepregs and lightweight core materials.

Epoxy tooling board offers excellent dimensional stability even under high temperature conditions, superior surface finish, chemical compatibility with tooling prepregs.

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 end-use industry type, the market is segmented as transportation, wind energy, aerospace, marine, and others. The transportation industry held the largest share of the market in 2019, and is expected to remain dominant during the forecast period. The wind energy segment is expected to grow at the highest CAGR during the forecast period, owing to increasing demand for epoxy tooling board for wind blade application.

Based on the density type, the epoxy tooling board market is segmented as 600-800 kg/m³, 800-1000 kg/m³, and above 1000 kg/m³. The 600-800 kg/m³ segment dominates the market as they are widely used in various end-use industries.

In terms of regions, Europe is expected to be the dominant, whereas Asia-Pacific is estimated to be the fastest-growing market for epoxy tooling board during the coming five years. The highest growth of the Asia-Pacific region is attributed to the high growth of transportation and aerospace industries in the region. North America and Asia-Pacific are also likely to offer substantial growth opportunities during the forecast period.

Key Players:

Some of the major epoxy tooling board manufacturers are- 

• Trelleborg AB
• RAMPF Tooling Solutions GmbH & Co. KG
• Huntsman Corporation
• Sika AG
• Guangzhou LiHong Mould Material Co., Ltd
• BCC Products, Inc.
• Base Materials 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 Light Towers Market. 

It was estimated prior to this unanticipated outbreak Light Towers Market will reach 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.

Light Towers Market Insights

Light Towers Market is likely to witness a CAGR of 5.7% during the forecast period. The major factor driving the light towers market is the increasing investment towards light towers operation in end-use industries such as construction, oil & gas, mining, and events & sports.

Market Share Analysis

Light Towers Market Share: By Market Type

Based on the market type, the market is segmented as sales and rental. The rental segment held the larger share of the market in 2019, and is expected to remain dominant during the forecast period. Strong demand from North America and Asia-Pacific along with the need for lower capital investment is the major factor driving the rental segment.

Light Towers Market Share: By Light Type

Based on the light type, the light towers market is segmented as metal halide and LED. The metal halide segment dominated the market in 2019, owing to increased demand from oil & gas and mining industries. On the other hand, the LED segment is expected to witness a higher growth, during the forecast period, owing to the increasing demand for energy efficient lighting systems.

Light Towers Market Share: By Fuel Type

Based on the fuel type, the market is segmented as diesel, solar/hybrid, and direct power. The diesel segment held the largest share of the market in 2019, owing to the fact that these light towers are operated in remote off-grid locations where access to grid power is non-existent. Further, diesel fuel is comparatively economical than other fuel sources.

Light Towers Market Share: By Region

In terms of regions, North America is estimated to be the largest light towers market during the forecast period. Strong investment towards infrastructure development and increasing oil & gas activities are the major factors driving the North American market. Asia-Pacific is expected to be the fastest-growing market, with China, Singapore, South Korea, Japan, and India being the major countries with lucrative growth opportunities.

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 Lithium-Ion Battery Market. 

It was estimated prior to this unanticipated outbreak Lithium-Ion Battery Marketwill reach CAGR of 16.1% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

Lithium-Ion Battery Market Insights

Lithium-ion battery market is likely to witness an impressive CAGR of 16.1% during the forecast period. The major demand for lithium-ion batteries is mainly driven by the increasing demand for consumer electronic products, which is bolstering the growth of the market.  

Market Share Analysis

Lithium-Ion Battery Market Share: By Material Type

Based on the material type, the market is segmented as lithium nickel manganese cobalt oxide, lithium iron phosphate, lithium cobalt oxide, lithium titanate oxide, lithium manganese oxide, and lithium nickel cobalt aluminum oxide. The lithium nickel manganese cobalt oxide segment held the largest share of the market in 2019, and is expected to remain dominant during the forecast period. The higher share of the segment is attributed to the growing demand for lithium nickel manganese cobalt oxide used in batteries of mobile phones, laptops, automotive, tablets, power tools, and electrical storage systems.

Lithium-Ion Battery Market Share: By Voltage Type

Based on the voltage type, the market is segmented as low (below 12V); medium (12-36V); and high (above 36V). The high (above 36V) segment is estimated to remain the largest segment over the forecast period, owing to properties such as longer life and safety. Also, the largest contribution is attributed to the rising requirement for this voltage type in marine, electric vehicles, military, power, telecom, etc.

Lithium-Ion Battery Market Share: By Power Capacity Type

Based on the power capacity type, the market is segmented as 0 to 3,000 MAH; 3,000 to 10,000 MAH; 10,000 to 60,000 MAH; and above 60,000 MAH. The 3,000 to 10,000 MAH segment contributed for the highest share in 2019, owing to growing need for batteries with higher power capacity that can keep the device running for long hours. The segment is expected to maintain its dominance during the forecast period as well.

Lithium-Ion Battery Market Share: By Industry Type

Based on the industry type, the market is segmented as consumer electronics, automotive, aerospace & defense, marine, medical, industrial, power, and telecommunication. The automotive segment is likely to remain the largest segment during the forecast period driven by the growing adoption of electric vehicles.

Lithium-Ion Battery Market Share: By Region

In terms of regions, Asia-Pacific is estimated to be the largest market for lithium-ion batteries during the forecast period. The Asia-Pacific’s market is expected to expand with a lucrative CAGR owing to the well-established consumer electronics market in the region, especially in China. Further, the demand from the automotive industry in the region will also augment the regional growth. North America and Europe are also expected to offer considerable growth opportunities 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 the Epoxy Curing Agents Market.

It was estimated prior to this unanticipated outbreak that the Epoxy Curing Agents Market was expected to grow at a CAGR of 4.6% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

Curing agent is a substance used to harden a surface or material. It is an important part of epoxy resin product portfolio and selecting the correct curing agent is significant as it influences the viscosity, reactivity and working time of resins.

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 end-use industry type, the market is segmented as wind energy, pipe and tank, aerospace and others. The wind energy segment held the largest share of the market in 2019, and is expected to remain dominant during the forecast period. The increasing use of composite materials in wind blade manufacturing is driving the growth of this segment.

Based on the product type, the epoxy curing agents’ market in the composites industry is segmented as aromatic amines, aliphatic amines, cycloaliphatic amines, catalyst, dicyandiamide, anhydride, and others. The aliphatic amines segment dominates the market, whereas aromatic amine is expected to experience the highest growth during the forecast period driven by the growing demand for high-performance composites in aerospace applications.

In terms of regions, Asia-Pacific is estimated to be the largest epoxy curing agents’ market in the composites industry during the forecast period, with China, Japan, and India, being the major countries with lucrative as well as fastest-growth opportunities. The growth of the market is driven by the increasing demand for composites in pipe and tank and wind energy industries. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

Key Players:

Some of the major epoxy curing agent manufacturers for the composites industry are-

• Evonik
• BASF SE
• Huntsman Corporation
• Hexion Inc.
• Dow Inc.
• Cardolite Corporation.