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 Small Satellite Market.

It was estimated prior to this unanticipated outbreak that the Small Satellite Market was likely to witness an impressive CAGR of 22.2% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate. Factors such as growing attention on minimizing mission costs, satellite miniaturization, and rising demand for earth-observation-related applications are expected to drive the growth of the global small satellite market.

Small Satellite Market Segment Insights:

By Type:

The nanosatellite segment is estimated to register the highest growth during the forecast period. This growth can be attributed to their low mass and small size which enable several satellites to be launched simultaneously from a single vehicle launcher. These satellites are engineered for specific tasks, such as communication, earth observation, and space exploration, and together in a group, serve a mission.

By Application Type:

The earth observation & meteorology segment is expected to depict the highest growth in the coming five years, owing to the rise in demand for technologically progressive small satellites for commercial, defense, and civil use across the globe.

By End-User Type:

The commercial segment is estimated to portray the highest growth during the forecast period. This unprecedented growth can be attributed to the increase in R&D activities to develop advanced small satellites to cater to the needs of various commercial services, such as broadband connectivity.

By Region:

North America dominated the small satellite market in 2018, driven by the increase in demand for small satellites from NASA and the Department of Defense (U.S.), and private sectors, such as other research organizations and telecommunication. Nevertheless, the market in the European region is expected to offer the highest growth during the forecast period. The market is driven by the high demand for small satellites as they are employed in battlefield missions, earth observation, and scientific exploration activities undertaken by various government and private organizations. Asia-Pacific is also expected to offer sizeable 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 Aeroderivative Gas Turbine market. 

It was estimated prior to this unanticipated outbreak Aeroderivative Gas Turbine market will reach CAGR of 8.8% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

Aeroderivative Gas Turbine Market Insights

Aeroderivative Gas Turbine market is likely to witness a CAGR of 8.8% during the forecast period. The prime factors that are driving the aeroderivative gas turbine market are increasing investment towards power & heat generation facilities and government supports in terms of rebates, incentives, and subsidies.

Market Share Analysis

Aeroderivative Gas Turbine Market Share: By Capacity Type

Based on the capacity type, the market is segmented as < 50 KW, 50 kW to 500 KW, 500 KW to 1 MW, 1 MW to 30 MW, 30 MW to 70 MW, > 70 MW. The >70 MW segment dominated the market in 2019, and is expected to maintain its position during the forecast period. Growing demand for energy from wide array of sectors is likely to drive the growth of the market.

Aeroderivative Gas Turbine Market Share: By Application Type

Based on the application type, the market is segmented as power plants, oil & gas, process plants, aviation, marine, and others. The aviation segment held the largest share of the market and is also expected to witness a healthy growth during the forecast period. Huge aircraft fleet size along with continuous increase in demand for new aircraft to meet rising passenger traffic is the major factor behind the dominance of the aviation segment.

Aeroderivative Gas Turbine Market Share: By Region

In terms of regions, Europe is estimated to be the largest market for aeroderivative gas turbines during the forecast period. Huge aircraft fleet size, significant demand from power plants and processing plants, expanding oil & gas and marine industries are the major factors behind the dominance of the region. North America and Asia-Pacific are also expected to witness a healthy demand for aeroderivative gas turbine 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 Electrodeionization Market.

It was estimated prior to this unanticipated outbreak that the Electrodeionization Market was expected to grow at a CAGR of 6.1% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

Electrodeionization is a type of water purification technology that uses the electricity, resin and ion-exchange membranes to deionize and separate the impurities in the form of dissolved ions from water.

Electrodeionizations are of different types, such as Plate & Frame Construction and Spiral Wound Construction, that are used in various end-use industries, such as power generation, pharmaceuticals, electronics & semiconductor, 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 design type, the market is segmented as plate & frame construction and spiral wound construction. The plate & frame construction segment held the larger share of the market in 2019, and is expected to remain dominant during the forecast period. Its lower operating cost, simple design, and high durability are propelling the growth during the forecast period.

Based on the end-use industry type, the electrodeionization market is segmented as power generation, pharmaceuticals, electronics & semiconductor, and others. The recognition of the enhanced effect of ultrapure water for power generation has led to an increase in the demand for electrodeionization in the power generation industry.

In terms of regions, Asia-Pacific is estimated to be the largest as well as fastest-growing electrodeionization market during the forecast period, with China, Japan, India, and Australia being the major countries with lucrative growth opportunities. The growth of the market is driven by the growth of various end-use industries, such as power generation, pharmaceuticals, electronics & semiconductor, and others, which is generating huge demand for electrodeionizations and the presence of a large number of electrodeionization manufacturers in the Asia-Pacific region. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

Key Players:

Some of the major electrodeionization manufacturers are-

• DowDuPont Inc.
• EvoQua Water Technologies LLC
• Mega A.S.
• Newterra Ltd
• Ovivo Inc
• Pure Aqua Inc.
• Qua Group
• Suez SA
• Snowpure LLC
• Veolia Environnement S.A.

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 Bulk Container Packaging Market. 

It was estimated prior to this unanticipated outbreak Bulk Container Packaging Market will reach CAGR of 9.4% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

Bulk Container Packaging Market Insights

Bulk container packaging market is likely to witness an impressive CAGR of 9.4% during the forecast period. The prime factor that is contributing to the demand for bulk container packaging is its growing adoption by the chemicals and food & beverages industries.

Market Share Analysis

Bulk Container Packaging Market Share: By Product Type

Based on the product type, the market is segmented as flexitanks, flexible intermediate bulk container, and bulk container liner. The flexitanks segment held the largest share of the market in 2020, and is expected to remain dominant during the forecast period owing to efficiency and effectiveness associated with such tanks. Utility of such tanks in shipping wine, oil, food grade liquids and nonhazardous chemicals will augment the segmental growth over the forecast period.

Bulk Container Packaging Market Share: By Application Type

Based on the application type, the market is segmented as food & beverage, chemicals, and others. The food & beverage segment accounted for the largest share by application in 2019, and is expected to maintain its dominance over the forecast period owing to rising population across the globe and changing spending pattern in emerging economies.

Bulk Container Packaging Market Share: By Region

In terms of regions, North America is estimated to contribute for the largest market share during the forecast period. The North American market is expected to grow with a lucrative CAGR due to high agricultural and alcohol exports. Asia-Pacific is expected to grow with the highest CAGR owing to improving customer lifestyle and increasing disposable income in the region.

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 Elastic Adhesives & Sealants Market.

It was estimated prior to this unanticipated outbreak that the Elastic Adhesives & Sealants Market was expected to grow at a CAGR of 6.2% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

Elastic adhesives & sealants are widely used in areas such as industrial production and assembly. They offer a combined advantage of adhesive bonding and technology of sealing, and also have usage where the elasticity of the material and sealing of joints are the most important factors.

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 resin type, the market is segmented as PU, silicone, Silane-modified polymers (SMP), and others. Polyurethane is expected to hold the largest share of the market during the forecast period. PU-based elastic adhesives and sealants provide high toughness, abrasion resistance, flexibility and strength, low cure temperature, excellent low-temperature resistance, high environmental resistance, and adhesion to a wide variety of substrates. Depending on the structure of thermoset or elastomer and curing techniques, PU adhesives can be elastic or rigid. They are moisture sensitive and have relatively high shear and peel strength. PU adhesives are used in bonding windscreens and windows of passenger cars, trucks, tractors, and special vehicles, owing to their high elongation properties and stronger bonding. They also find applications in bonding fiberglass-reinforced plastic elements such as roof, side, and frontal panels.

Based on the end-use industry and application type, the elastic adhesives & sealants market is segmented as construction, industrial, and automotive & transportation. Automotive & transportation is estimated to be the fastest-growing segment of the market during the forecast period. Elastic adhesives & sealants are used in places that require moderate adhesion but high elongation. The use of elastic adhesives with their multi-function properties decreases the number of separate processing stages, thus facilitating a more streamlined production operation for vehicle manufacturers. They are used for various applications in automobiles, such as front glass windshield, side glass, and car body. Further, with the use of lightweight and elastic bonded materials, the customer earns on fuel savings. These factors are expected to drive the demand for elastic adhesives & sealants in the automotive & transportation segment.

In terms of regions, Asia-Pacific is estimated to be the fastest-growing elastic adhesives & sealants market during the forecast period, with China, Japan, India, and Indonesia being the major countries with lucrative growth opportunities. The increase in demand from various packaging industries and improving economic conditions are the major factors for the promising market of the Asia-Pacific region. Factors such as new product innovations, new research and development projects, and the increase in demand from different end-use industries have also significantly contributed to the increasing demand for elastic adhesives & sealants in the Asia-Pacific region. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

Key Players:

Some of the major players in the elastic adhesives & sealants market are-

• The 3M Company
• Arkema (Bostik)
• Beijing Comens New Materials Co., Ltd.
• CEMEDINE CO., LTD.
• DowDuPont Inc.
• H.B. Fuller Company
• Henkel AG & CO.
• KGaA
• Henkel AG & CO.
• KGaA
• Threebond Holdings Co., Ltd.
• Weicon GmbH & Co. KG.