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 Building Vibration Isolation Market.

It was estimated prior to this unanticipated outbreak Building Vibration Isolation 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.

Building Vibration Isolation Market Insights

Building vibration isolation market is likely to witness a healthy CAGR of 5.7% during the forecast period. The prime factors contributing to the demand for building vibration isolation products are the noise and vibration within buildings caused from traffic and railways. Rising urbanization and resulting infrastructure to drive the demand for building vibration isolation products.

Market Share Analysis

Building Vibration Isolation Market Share: By Form Type

Based on the form type, the building vibration isolation market is segmented as mats & pads, blocks, and module. Mats & pads are expected to remain the dominant segment and account for more than half of the share during the forecast period. Mats & pads are preferred in industrial and commercial sectors, owing to their easy installation and comparatively high performance, in terms of, efficiently controlling structure-borne noise and resonant vibration.

Building Vibration Isolation Market Share: By End-Use Industry Type

Based on the end-use industry type, the building vibration isolation market is segmented as residential, commercial, and industrial. Building vibration isolation products are dominantly used in commercial and industrial sectors. The commercial segment dominated the market in 2019, and is likely to lead the market over the forecast period.

Building Vibration Isolation Market Share: By Region

In terms of regions, Asia-Pacific is estimated to grow at the highest CAGR during the forecast period due to increasing adoption of vibration isolation products with the rising awareness. In Asia-Pacific, building vibration isolation products have a higher penetration in commercial and industrial sectors. The demand is expected to rise with the industrialization in countries, such as China, India, and Indonesia. Government regulation and subsidies are expected to give a further push to their demands.

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 Combat Management System Market.

It was estimated prior to this unanticipated outbreak that the Combat Management System 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. Some of the prime drivers contributing to the growth of the global combat management system market comprise the rising demand for advanced situational awareness systems in naval ships and submarines and the upsurge in the upgradation of combat management systems by different navies across the globe.

Combat Management System Market Segment Insights:

By Sub-System Type:

The unmanned vehicle control systems segment is estimated to depict the highest growth, driven by the rising acceptance of unmanned vehicles, such as UAVs, UUVs, and UGVs in naval combat operations, during the forecast period.

By Component Type:

The hardware segment has been further sub-segmented into control consoles, combat data centers, and data network switchers. The software segment dominated the market in 2019, and is also anticipated to register a higher growth during the forecast period. The growth of the segment can be attributed to the high development cost of software, which is based on the intricate architecture of combat management system.

By Platform Type:

The corvettes segment is estimated to witness the highest growth during the forecast period, owing to the rise in deliveries of corvettes across the globe.

By Region:

Asia-Pacific market is projected to account for the highest growth in the coming five years. China, India, and Japan are the growth engines of the region and are also, exceedingly investing in the development of future-centric naval technologies. The market is driven by the growing ship building activities and the rising deliveries of combat vessels in the region. North America and Europe 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 Glass Microspheres Market.

It was estimated prior to this unanticipated outbreak that the Glass Microspheres Market would be able to cross US$ 3.8 billion by 2025. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

Glass microspheres are advanced, low-density fillers used in a variety of applications. They are available in a wide range of densities and crush strengths, capable of surviving most compounding and molding processes. These microscopic spheres are water-insoluble, chemically stable, and offer a high strength-to-weight ratio. Significantly lower impact of glass microspheres on rheology than mineral fillers make them easier to form highly filled parts with more complex geometries. They minimize molding temperature and injection pressure compared to mineral fillers. Also, the spherical shape (aspect ratio of 1.0) often improves the dimensional stability of polymer composites, resulting in less shrinkage and warpage. Glass microspheres with a specific density of less than 0.6 g/cm3 help in reducing 10%-30% weight of the plastic parts compared to the traditional fillers (talc, calcium carbonate, and clay with specific density in the range of 2.5 to 2.8 g/cm3).

The demand for glass microspheres is highly subjected to the growth of the end-use industries where these microspheres are used. The COVID-19 pandemic has hit the business world on an unprecedented scale. It has caused the closures of business operations, the stoppage of factory outputs, and the disruption to global manufacturing industries and their supply chain. Major end-use industries, such as automotive, building & construction, and consumer goods, have significantly been affected.

Stratview has firstly segmented the glass microspheres market based on the material type as hollow glass microsphere, foam glass granulates, perlite microsphere, and solid glass beads. Hollow glass microsphere is likely to remain the most preferred microsphere type in the market in the coming years. Hollow glass microspheres are increasingly finding usage in plastic & rubber applications, such as SMCs, injection-molded parts, packaging films, and wood composites; as well as in construction materials, such as caulks, adhesives & sealants, cultured marbles, putties, and potting compounds; and paints & coatings; and other applications such as lightweight cement slurries, syntactic foam, and buoyancy modules & risers.

Solid glass beads are currently holding the second-largest share in the market. Solid glass beads have higher densities (borosilicate glass spheres: 2.2 g/cm3, soda-lime glass spheres: 2.5 g/cm3, and barium titanate glass spheres: 4.49 g/cm3) and offer excellent retroreflection property, and are preferred in road marking application in order to lower the risk of accidents.

Based on the application type, the market is classified as plastics & rubber, paints & coatings, construction materials, agriculture materials, life sciences & pharmaceutical, and others. Paints & coatings are likely to remain the most dominant application, in terms of value, in the glass microspheres market during the forecast period. Glass microspheres reduce resin demand due to their lowest surface area; reduce volatile organic compound, shrinkage, and drying time by increasing solid content; provide good filling on uneven substrates; and provide lower viscosity compared to conventional fillers. In contrast to white inorganic pigments, such as TiO2, the glass microspheres efficiently reflect UV, Vis, and NIR radiations.

Plastics & rubber accounted for the second-largest share after paints & coatings. Microspheres are replacing traditional fillers, such as talc, calcium carbonate, and clay, in the transportation sector with the increasing effort towards the use of lightweight materials to improve fuel efficiency.

In terms of regions, all regions are expected to mark a huge decline in 2020 in the wake of the rapid spread of the pandemic. Europe, which is currently holding the leading position, will manage its lead in the global market by 2025. Germany is the growth engine of the European glass microspheres market. Increased demand for glass microspheres in fuel-efficient vehicles and energy-efficient homes in the region is behind the dominance of Europe in the world. The short-term market demand is challenging in the European region with Italy, Russia, the UK, and Spain being severely impacted by the coronavirus outbreak.

Asia-Pacific, from 2021 onwards, is estimated to heal up with the fastest pace. China, India, and Japan are estimated to remain the major markets for glass microspheres in the region. There has been a growing presence of regional companies in the market.

Key Players:

The supply chain of this market comprises raw material suppliers, glass microsphere manufacturers, paint/coating manufacturers, compounders, tier players, and end users. The key players in the market are the following.

• The 3M Company
• PQ Corporation
• Omya International AG
• Sinosteel Maanshan New Material Technology Co. Ltd.
• Dennert Poraver GmbH
• Sigmund Lindner GmbH
• Dicalite Management Group, Inc.
• SWARCO AG
• Silbrico Corporation
• Bublon GmbH

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 Traction Battery Market.

It was estimated prior to this unanticipated outbreak Traction Battery Market will reach CAGR of 9.7% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

Traction Battery Market Insights

Traction battery market is likely to witness an impressive CAGR of 9.7% during the forecast period. The prime factor contributing to the demand for traction batteries is the increasing adoption of electric vehicles, especially in the industrial and transportation sectors.

Market Share Analysis

Traction Battery Market Share: By Chemistry Type

Based on the chemistry type, the market is segmented as lead acid, Li-ion, nickel-based, and others. The lead acid segment is estimated to maintain its dominance over the forecast period, owing to its robustness and economic pricing.

Traction Battery Market Share: By Application Type

Based on the application type, the market is segmented as electric vehicle, industrial, and e-bike. The electric vehicle segment is expected to govern the market during the forecast period, driven by favorable government initiatives and growing concern for unpolluted and clean environment.

Traction Battery Market Share: By Region

In terms of regions, North America is estimated to be the largest market for traction batteries. The North American market is expected to grow with a lucrative CAGR during the forecast period. The growth of the market can be attributed to favorable government policies with regard to purchase incentives coupled with mandating energy efficiency and carbon emission protocols.

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 DC-DC Converter Market.

It was estimated prior to this unanticipated outbreak that the DC-DC Converter Market for space was likely to witness an impressive CAGR of 3.2% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

DC-DC Converter Market Segment Insights:

By Application Type:

The server, storage & network segment is registering the highest growth. This growth of the segment is owing to the incessant increase in the number of data centers, which call for energy efficiency and high performance. DC-DC converters accomplish the requirements of low voltage for these applications and ascertain uninterrupted power supply for optimal system performance.

By Output Number Type:

The three output subsegment is estimated to be the fastest-growing segment during the forecast period. The demand for three output is majorly driven by the demand for multiple outputs that are required for various on-board applications.

By Input Voltage Type:

As the high voltage DC is more efficient to power future telecommunication and datacom systems, such as 3G, 4G, and 5G systems, the global rise in demand for 4G and 5G services will drive the demand for DC-DC converters during the forecast period.

By Output Voltage Type:

The demand for 12V DC-DC converters is on the rise, driven by certain advantages over low voltage DC-DC converters, such as the cost effectiveness, compact size, and greater power.

By Output Power Type:

The <20W is expected to account for the highest CAGR during the forecast period. Rise in the demand for electronic goods in military for military aircraft and weapon systems, automation in the industrial sector and growing demand for health care equipment is driving the market for DC-DC converters globally.  

By Sales Channel Type:

Indirect sales have a higher CAGR in the global DC-DC converter market driven by certain advantages for manufacturers, such as non-requirement of a sales infrastructure, lower operational cost, and the boom in e-commerce, which are driving the growth of the segment. 

By Form Factor Type:

One of the major factors contributing to the growth of the quarter brick segment is the demand for increased power density. It is estimated, the quarter brick segment will register the highest market share throughout the forecast period.

By Product Type:

The non-isolated DC-DC converters are the faster-growing segment. This segment is growing at a higher rate owing to the upsurge in the global demand for CPUs, cell phones, memory power supplies, and point of load modules.

By Region:

The global DC-DC converters market in the Asia-Pacific region held the largest market share in 2018, followed by the Americas. The region is likely to continue its dominance during the forecast period. China, Japan and Taiwan are the major producers of electronic devices, such as laptops, air conditioners, and cell phones, among others, which is likely to bolster the demand for DC-DC converters to a great extent.