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 Encapsulated O-rings Market.

It was estimated prior to this unanticipated outbreak that the Encapsulated O-rings Market was expected to grow at a CAGR of 5.0% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

Encapsulated O-rings have a wide range of applications in various end-use industries, including chemicals, food & beverage, pharmaceutical, petrochemical, semiconductor, automotive, aerospace, and oil & gas industry. Despite being a small component of these end-use industries, encapsulated O-rings play an essential role in the smooth functioning of various equipment or devices, such as pumps, valves, cartridge filters, heat exchangers, pipelines, gas compressors, chemical reactor vessels, and pressure vessels. Compared with the other O-rings, encapsulated O-rings offer several advantages, such as high resistance to numerous chemicals except for alkali metals and some fluorine compounds, FDA-compliant, suitability in a broad range of temperatures, low coefficient of friction, low permeation, non-contaminating, and exclusively suitable where hygiene is of paramount importance.

The rapid spread of the pandemic severely affected various end-use industries where encapsulated O-rings are preferred including the halt of production facilities, shortage of labor, and disruption of the supply chain across the globe. Chemical, petrochemical, oil & gas, semiconductor, and automotive, are among the worst-hit industries due to the pandemic.  On the other side, food & beverage, and pharmaceutical are the industries that are registering the least impact of the pandemic. The severe impact of the pandemic on chemical, petrochemical, semiconductor, oil & gas, and automotive industries will be partially offset by the modest growth in the food & beverage, pharmaceutical, and medical industries.

Based on the jacket material type as FEP and PFA. FEP is expected to remain the most preferred jacket material type in the market in years to come. Lower cost along with several other advantages including high resistance to corrosion and chemicals, low compression set, and low coefficient of friction, making FEP the preferred choice for all standard applications up to 205°C. PFA encapsulated O-rings are used for higher temperature range. They have higher mechanical strength, improved crack resistance; hence, longer service life than FEP encapsulated O-rings.

Based on the core material type, the encapsulated O-rings market is segmented into FKM, silicone, and others (include EPDM, stainless-steel spring, etc.). Due to the excellent elasticity, good chemical resistance, and outstanding compression, FKM core material dominated the market in 2019 and is likely to maintain its dominance throughout the forecast period. The silicone core material is preferred in low-temperature applications as it remains flexible at a lower temperature because of its greater softness than FKM and has a higher standard of heat resistance.

Based on the core structure type, the encapsulated O-rings market is segmented into solid core and hollow core structure. Solid core is likely to remain the leading segment of the market in the coming years as well, driven by its excellent resistance to compression set and good recovery characteristics. FKM and silicone are dominantly used core materials for solid core encapsulated O-rings. FKM solid core provides excellent elasticity and high-level compression, whereas silicone solid core performs excellent for a wider range of temperatures.

Based on the end-use industry type, the encapsulated O-rings market is classified into chemical, petrochemical, pharmaceutical, food & beverage, and others (oil & gas, semiconductor, aerospace & defense, and automotive industry). The chemical industry is the biggest user of encapsulated O-rings, driven by the extensive use of aggressive chemicals, making encapsulated O-rings a preferred choice. These O-rings are also widely used in the food & beverages and pharmaceutical industries as they are compliant with the Food and Drug Administration (FDA), EC1935/2004 and EC2023/2006, USP Class VI, and 3A 18-03 Sanitary Standards.

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 across regions. Despite the worst hit by COVID-19, Europe will maintain its lead in the years to come with the presence of leading encapsulated O-ring manufacturers, such as Vulcan Engineering Limited and Northern Engineering (Sheffield) Ltd. Asia-Pacific is expected to heal up with the fastest pace post-pandemic with China and India being the growth engines.  

Key Players:

The supply chain of this market comprises raw material suppliers, encapsulated O-ring manufacturers, distributors, component manufacturers, and end-users. The key encapsulated O-ring manufacturers are Daemar Inc., ERIKS NV, Freudenberg Group, James Walker Group Ltd., M-Cor Inc., Monroe Engineering Products, Northern Engineering (Sheffield) Ltd., ROW, INC., Trelleborg AB, and Vulcan Engineering Limited.

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 Global Commercial Boiler Market.

It was estimated prior to this unanticipated outbreak Global Commercial Boiler Market will reach CAGR of 3.3% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

Global Commercial Boiler Market Insights

Global Commercial Boiler Market is likely to witness a CAGR of 3.3% during the forecast period. Factors such as the increasing requirement for space heating and hot water across cold regions along with the growing demand for high-efficiency heating systems, initiatives by the government towards renovation and replacement of inefficient building infrastructures are expected to enhance the size of the industry and fuel the global market growth during the forecast period. Further, increase in focus toward minimizing emission of greenhouse gas along with enactment and strengthening of emission standards will accelerate the demand for energy efficient commercial boilers.

Market Share Analysis

Global Commercial Boiler Market Share: By Fuel Type

Based on the fuel type, the market is segmented as natural gas, oil, coal, and others. Factors such as lower carbon footprint, comparatively low operation & maintenance costs, and ongoing investments directed towards expansion of natural gas infrastructure, globally, are expected to enhance the deployment of natural gas and fuel the growth of the industry during the forecast period. On the other hand, lower annual fuel utilization efficiency and relatively high emission of carbon accompanied by government initiatives for limiting greenhouse gas emission may cause restriction of product deployment in medium term. Though, the key factors such as better fuel accessibility and lower initial cost would be able to keep the oil product as a competitor in the boiler industry.

Global Commercial Boiler Market Share: By Application Type

Based on the application type, the market is segmented as offices, healthcare, institutions, lodgings, retail, and others. The healthcare commercial boiler market is estimated to register a high growth rate owing to the increasing demand for hot water for sterilizing the medical instruments, sheets, and for the purpose of space heating. Furthermore, the increase in government and private investments in the direction of expansion and modernization of healthcare infrastructure is expected to accelerate the product demand during the forecast period. The rapid growth of the IT industry, accompanied by shifting trends from agricultural to industrial economy has made the construction of commercial spaces necessary, eventually fueling the growth of the market.

Global Commercial Boiler Market Share: By Capacity Type

Based on the capacity type, the global commercial boiler market is segmented as 0.3-2.5 MMBtu/hr, 2.5-10 MMBtu/hr, 10-50 MMBtu/hr, 50-100 MMBtu/hr, and 100-250 MMBtu/hr. The 0.3-2.5 MMBtu/hr products are broadly deployed across offices, healthcare, retail stores, and lodgings for the application of heating. Their easy installation along with cost effectiveness over their available counterparts is expected to fuel the growth of the industry during the forecast period. On the other hand, 2.5-10 MMBtu/hr commercial boiler product penetration is boosted by the shifting trends toward energy-efficient condensing boilers along with modernization and expansion of commercial centers during the forecast period.

Global Commercial Boiler Market Share: By Technology Type

Based on the technology type, the market is segmented as condensing and non-condensing. The condensing commercial boiler market is estimated to register a faster growth rate depending on the instructions given by the government for reducing greenhouse gas emission. For example, National Emission Standards for Hazardous Air Pollutants was introduced by the U.S. Environmental Protection Agency to be headed in the direction of regulating greenhouse emission across commercial and industrial centers. Its purpose to address all the requirements for an energy-efficient HVAC system is further expected to boost the growth of the industry.

Global Commercial Boiler Market Share: By Region

In terms of regions, the U.S. is estimated to witness high growth rate attributed to the stringent federal legislative for limiting carbon footprints from commercial infrastructures along with investments for replacements and upgradation of conventional heating units during the forecast period. Furthermore, a range of measures has been introduced by the federal government in conjunction with the respective state agencies to control the rapid increase of air pollution. On the other hand, China is expected to witness strong growth rate due to the rapid urbanization and investments in the direction of developing commercial centers.

This new report from Stratview Research examinations the Degaussing System Market over the example time span from 2014 to 2019 and guess period from 2020 to 2025. The encounters of the report will enable instructed dynamic and framework plan for the not all that removed future to benefit by the odds.

Degaussing System Market Overview:

The sudden erupt of the COVID-19 has provoked startling changes over various endeavors and the Degaussing System Market is the equivalent. Gotten from the past market circumstance, the Degaussing System Market is most likely going to watch an extraordinary CAGR of 4.2% during 2020-25 yet with the overall crisis, all things considered, the advancement twist has veered off from its typical way and shows a faulty course at present.

Striking Features of the Report

The Research Report offers an all around viewpoint accessible, its prosperity and improvement, the parts shaping the business, the genuine components and a short gander at what's to come.

Coming up next are the key features of the report:

• Strategic division

• Market examination: Growth drivers and constraints, Porter's five forces assessment, SWOT examination

• Detailed Competitive Rivalry organizing

• Market example and check assessment

• Future Growth Boulevards

Bit of the pie Analysis

Degaussing System Market Share: By Vessel Type

Taking into account the vessel type, the market has been distributed as meager vessels, medium vessels, and huge vessels. The medium vessel partition is depended upon to lead the market during the guess time span. Creating need to shield submarines from foe mines put lowered by means of doing degaussing practices are the fundamental contemplations behind the quality of the medium vessel divide.

Degaussing System Market Share: By Solution Type

Considering the course of action type, the market has been isolated as going, degaussing, and deperming. The degaussing game plan partition is evaluated to lead the market during the figure time period. The gathering of degaussing structures in oceanic battling to shield ships from adversary mines drives the advancement of this piece.

Degaussing System Market Share: By End-User Type

Considering the end-customer type, the degaussing structure market is divided as special rigging producer, post-retail, and organizations. It is evaluated that the OEM part will depict the most critical improvement during the check time span, inferable from the extension in the movement of new ships over the globe.

Degaussing System Market Share: By Region

Concerning, North America is depended upon to enlist the most raised advancement during the guess time period. The climb in security spending plans and the need to shield vessels from the adversary are the drivers of the degaussing structure market in the area. Asia-Pacific is the greatest market for degaussing structure and is needed to hold its circumstance during the figure time period. Local discussion in the South China Sea has provoked the extension in getting of bleeding edge degaussing system in the Asia-Pacific zone.

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 COVID-19 Impact on Composites Market.

It was estimated prior to this unanticipated outbreak that the COVID-19 Impact on Composites Market was expected to grow at a 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.

Composites, also known as Fiber-Reinforced Polymer (FRP), are made from a polymer matrix that is reinforced with an engineered, man-made or natural fiber (such as carbon, glass, or aramid) or other reinforcing materials. These composites are obtained from a polymer matrix as these protect the fibers from any environmental and external damage which is strengthened with an engineered, man-made or natural fiber and then transfers the load between the fibers.

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 fiber type, the market is segmented as glass fiber, carbon fiber, natural fiber, and others. The glass fiber segment held the largest share of the market in 2019, and is likely to remain dominant during the forecast period. Glass fiber exhibits superior properties such as high strength, flexibility, durability, stability, low weight, and resistance to heat, temperature, and moisture, and is used for various applications in the construction, pipes & tanks, wind energy, marine, and transportation industries. The outbreak of COVID-19 resulted in a decline in the demand for composites due to production halt of glass fiber composites to maintain social distancing among floor workers, engineers, and other staff.

Based on the resin type, the composites market is segmented as thermoset and thermoplastic. The thermoset segment leads the market, as thermoset composites are very durable and are low on maintenance because of their rigid inter-linking molecular structure, inert chemical composition, and resistance to ultraviolet and chemical attack. The COVID- 19 outbreak led the demand for thermoset resins below the 2019 level, owing to production halt from wind energy, automotive & transportation, aerospace & defense, pipes & tanks, and other industries.

In terms of regions, Asia-Pacific is estimated to be the largest market during the forecast period, with China, Japan, and India being the major countries with healthy growth opportunities. The growth of the market is mainly driven by the expanding transportation, wind energy, and construction & infrastructure industries in the major economies of the region. Advancements in technology, regulatory policies, and government norms are the major drivers of the region’s composites market. The demand for composites in the region is expected to decline owing to continuous lockdown across various countries in 2020.

Key Players:

Some of the major players in composites market are Owens Corning, Toray Industries, Inc., Teijin Limited, Mitsubishi Chemical Holdings Corporation, Hexcel Corporation, SGL Group, Nippon Electrical Glass Co. Ltd., Koninklijke Ten Cate BV., Huntsman International LLC., and Solvay 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 Surface Mining Equipment Market.

It was estimated prior to this unanticipated outbreak Surface Mining Equipment Market will reach CAGR of 3.9% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

Surface Mining Equipment Market Insights

Surface mining equipment market is likely to witness a steady CAGR of 3.9% during the forecast period. The prime factor contributing to the demand for surface mining equipment is the growing mining activities.

Market Share Analysis

Surface Mining Equipment Market Share: By Technique Type

Based on the technique type, the market is segmented as strip mining, mountain removal mining, and open pit mining. The mountain removal mining segment is estimated to maintain its dominance over the forecast period, owing to its efficiency and lower labor cost.

Surface Mining Equipment Market Share: By Mineral Type

Based on the mineral type, the market is segmented as metallic ore, non-metallic ore, and coal. The metallic ore segment is likely to grow with the highest CAGR over the forecast period. This growth is attributed to the surge in demand for metals, such as zinc, gold, copper, and silver.

Surface Mining Equipment Market Share: By Region

In terms of regions, North America is estimated to be the largest market for surface mining equipment. The growth of the North American market is attributed to the presence of major coal reserves such as the Appalachian region. Europe and Asia-Pacific are also likely to offer considerable growth opportunities during the forecast period.