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 Motor Soft Starter Market. 

It was estimated prior to this unanticipated outbreak Motor Soft Starter Market will reach CAGR of 6.0% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

Motor Soft Starter Market Insights

Motor Soft Starter Market is likely to witness an impressive CAGR of 6.0% during the forecast period. Surge in demand for industrial pumps, growing employment of electric motors in major industries, increasing investments in oil & gas, water & wastewater treatment projects globally, are the key factors underpinning the growth of the market during the forecast period.

Market Share Analysis

Motor Soft Starter Market Share: By Voltage Type

Based on the voltage type, the motor soft starter market has been segmented as low voltage and medium voltage. The low voltage segment is expected to hold the larger share of the market during the forecast period due to the adoption of low voltage motors by various process industries. Further, industries such as metal & mining, oil & gas, chemical & petro chemical, water & waste water, cement & manufacturing, power generation, and food & beverages are using low voltage motor soft starters, which is driving the growth of the segment.

Motor Soft Starter Market Share: By Rated Power Type

Based on the rated power type, the market is segmented as 750 W, 751 W–75 kW, and Above 75 kW segments. The 751 W–75 kW segment is likely to dominate the market during the forecast period. The growth of the segment is attributed by the growth in oil & gas and desalination projects and also the increasing investments that are being made on the same.

Motor Soft Starter Market Share: By Application Type

Based on the application type, the market is segmented as pump, fan, compressor, and others. The pump segment is estimated to govern the market during the forecast period as pumps are extensively used in process industries, such as oil & gas and power generation. The segment is playing an essential role in limiting the voltage supply to the motor.

Motor Soft Starter Market Share: By Industry Type

Based on the industry type, the market is segmented as oil & gas, power generation, water & waste water, mining and others. The oil & gas segment is expected to lead the market during the forecast period owing to rise in upstream spending in response to surge in prices of oil.

Motor Soft Starter Market Share: By Region

In terms of regions, Asia-Pacific is estimated to dominate the motor soft starter market during the forecast period due to rising investment in industrialization, construction, and power generation. Countries, such as China, India, and Japan are expected to register the fastest growth, driven by the increasing demand for electricity and power generation capacity. North America and Europe are also showing keen interest in the motor soft starter market and offer lucrative 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 Space Robotics Market.

It was estimated prior to this unanticipated outbreak that the Space Robotics Market was likely to witness an impressive CAGR of 10.2% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

Space Robotics Market Segment Insights:

By Solution Type:

The satellite servicing segment led the market in 2018, and is estimated to remain dominant during the forecast period. The growth of the satellite servicing segment can be attributed to the escalating demand and requirement for space-based services, such as satellite servicing, de-orbiting services, surface mobility, and resupply services.

By Application Type:

The near space segment is estimated to register the highest growth in the coming five years. This growth of the segment can be credited to the claim for resupply missions for the International Space Station (ISS), on-orbit satellite engineering, and increasing requirement to service prevailing geosynchronous satellites.

By End-User Type:

The commercial segment is expected to depict a higher growth against the government segment, during the forecast period, driven by the increasing demand for satellite servicing, refueling and mission extension services which provide prospects for satellite operators/owners by extending the life of satellites and hence, generate profits from prevailing satellite fleets, and deliver enhanced flexibility in handling in-orbit satellite fleets.

By Region:

North America was expected to register the largest share of the space robotics market in 2018, and the region is expected to continue its dominance during the forecast period as well. The market is driven by high demand for space robotic activities from prominent establishments, such as NASA and the Department of Defense, owing to the rising dependence on space resources and for empowering safety in space operations. Europe and Asia-Pacific are also expected to offer substantial 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 Waterborne Epoxy Resin Market.

It was estimated prior to this unanticipated outbreak that the Waterborne Epoxy Resin Market was expected to grow at a CAGR of 3.0% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

Cellular glass, also known as foam glass, is a material made up of porous glass. It is produced by heating the mixture of granulated glass and a blowing agent such as carbon or limestone.

Cellular glass possesses various properties, such as high strength, lightweight, and thermal and acoustic insulating properties. Further, they are used in various applications, such as 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 blocks & shells and foam glass gravels. The blocks & shells segment held the larger share of the market in 2019, and is expected to remain dominant during the forecast period. The blocks can be cut into the desired form and can be installed accordingly in various applications such as storage tank insulation, pipelines, and roof insulation. Further, the growing construction and industrial industries and the flexibility of blocks & shells’ usage are propelling the growth of this segment.

Based on the application type, the Waterborne Epoxy Resin Market is segmented as construction, industrial, and others. The construction application segment dominates the market, owing to the increasing usage of thermal insulation materials with high load-bearing capacity as used in residential, commercial, and civil construction and buildings. Further, the presence of stringent building codes and frost-free nature of cellular glass are driving the growth of this segment during the forecast period.

In terms of regions, Europe is estimated to be the largest Waterborne Epoxy Resin Market during the forecast period, with lucrative growth opportunities. The growth of the market is driven by the increasing construction projects in several European countries, which is generating huge demand for cellular glass. Besides, increasing usage of sustainable and ecological friendly insulation materials, imposition of stringent regulations, and the presence of a large number of cellular glass manufacturers in the European region are the other major factors bolstering the market. North America and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.

Key Players:

Some of the major players in the Waterborne Epoxy Resin Market are

• Misapor AG, Polydros, S.A
• Refaglass S.R.O.
• Uusioaines OY
• Owens Corning
• Zhejiang Zhenshen Thermal Technology 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 Retail Ready Packaging Market.

It was estimated prior to this unanticipated outbreak Retail Ready Packaging Market will reach CAGR of 4.3% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

Retail Ready Packaging Market Insights

Retail Ready Packaging market is projected to witness a healthy CAGR of 4.3% during the forecast period. Rapid growth in retail and food & beverages industries is the key demand generator of the market during the forecast period.

Market Share Analysis

Retail Ready Packaging Market Share: By Product Type

Based on the product type, the market is segmented as die cast display box, corrugated paper box, shrink wrapped trays, folding cartons, and others. Corrugated paper box is estimated to dominate the market during the forecast period, owing to its various benefits, such as it reduces stocking and labor cost as eases handling and be directly put into the shelves.

Retail Ready Packaging Market Share: By Material Type

Based on the material type, the retail ready packaging market is segmented as paper & paperboards and plastics. Paper & paperboards is expected to remain the dominant material in the market during the forecast period, as it is eco-friendly and economical than plastics. Paper & paperboards material is widely used to make corrugated boxes, folding cartons, and die cut containers. 

Retail Ready Packaging Market Share: By Region

In terms of regions, Asia-Pacific is likely to maintain its dominance in the market during the forecast period, with China and India being the key growth engines of the region’s market. The region is also expected growth at the highest pace over the next five years. India and China are among the largest retail sectors 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 Prepreg Laminates Market.

It was estimated prior to this unanticipated outbreak that the Prepreg Laminates Market to reach US$ 130-million mark in 2025. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

Prepreg laminates are thin sheets produced using fibers impregnated with either thermoset or thermoplastic resins. These sheets are alternatives to conventional metal sheets as well as other composites sheets, such as continuous laminates, sandwich-constructed panels, pultruded panels, and other composite sheets. Prepreg laminate accounts for a diminutive share of the total composite panels & sheets market and finds applications in various industries including aerospace & defense, building & construction, transportation, and others.

Prepreg laminate is a niche market and is registering an increased usage in high-performance applications. The prepreg laminates market holds a minuscule share of the entire composite panels & sheets market but could not escape themselves from the pandemic. The pandemic impeded the growth trajectory of both thermosets as well as thermoplastic prepreg laminates in all the major end-use industries.

The short-term scenario seems challenging for the market participants due to fading demand and production halts. Stratview Research’s forecast model, based on the past industry trends (the Great Recession, SARS, Industrial Recession, etc.) and primary interview results with the major market participants and industry experts, indicates that the demand for prepreg laminates is likely to be plateaued in 2020 and then register sequential growth till 2025, ultimately driving the market to reach US$ 130-million mark in 2025.

Based on the end-use industry type, the prepreg laminates market is segmented as aerospace & defense, building & construction, transportation, and others. The aerospace & defense industry is likely to maintain its leading position in the market during the forecast period. Increasing use of reinforced thermoplastic laminates (RTLs) in the next-generation aircraft, especially in assembly components, such as clips and cleats and brackets; an expected recovery in the production of the best-selling aircraft programs; market entries of new companies (COMAC and Irkut); and increasing commercial aircraft fleet size would act as the growth drivers of the segment’s market in the foreseen future.  

Based on the resin type, the prepreg laminates market is segmented into thermoplastic prepreg laminates and thermoset prepreg laminates. Thermoplastic prepreg laminate is expected to maintain its lead in the market in years to come. Compared with thermoset prepreg composites, thermoplastics are less brittle and have a higher resistance to impact loading.  Thermoplastic prepreg laminates are gaining market traction in c-class components, especially in assembly ones, in the latest aircraft programs including B787 and A350XWB. Despite witnessing a hefty decline in 2020 due to the COVID-19 pandemic, the thermoplastic prepreg laminates market is expected to mark a healthy recovery from 2022 onwards.

Based on the fiber type, the market is segmented as glass fiber prepreg laminates and carbon fiber prepreg laminates. Both fiber types are anticipated to log huge declines in 2020; however, carbon fiber prepreg laminate is estimated to maintain its lead in the market in years to come. The fiber type is also anticipated to register speedier recovery than glass prepreg laminates post-pandemic. Carbon fiber prepreg is always considered the choice of material in the high-performance applications, owing to its superior strength and lighter in weight. In the aerospace & defense and transportation industries, which require high performance with weight optimization, carbon fiber prepregs are an excellent choice.

Despite being the worst-hit region by the COVID-19 pandemic, Europe is expected to maintain its dominant position in the market in the coming five years as well. The region’s market is estimated to heal up gradually with Airbus being the largest customer of prepreg laminates in the region. Germany, France, and the UK are the major markets in the region. The supply chain of the region’s market is extremely persuasive with the presence of several industry stakeholders in the region.

Asia-Pacific, a relatively small market, is likely to heal up with the fastest pace in the post-pandemic market scenario. The region's demand will be driven by a host of factors including an expected increase in the demand for commercial aircraft to support rising passenger traffic, the opening of assembly plants of Boeing and Airbus in China; upcoming indigenous commercial and regional aircraft (COMAC C919 and Mitsubishi SpaceJet); and increasing penetration of composites in the building & construction industry. China, Japan, and Australia are projected to be the growth engines of the region’s market.

Key Players:

Some of the major prepreg laminate manufacturers are Bond-Laminates GmbH, ISOVOLTA AG, Norplex Micarta, PolyOne Corporation, Solvay S.A., and Toray Advanced Composites. Most of the major players have been efficacious in achieving distinct positioning in the market. Also, the market noticed a good number of acquisitions over a period of time to either gain capabilities or strengthen their existing capabilities.