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 Forestry Equipment Market.

It was estimated prior to this unanticipated outbreak Forestry Equipment Market will reach 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.

Forestry Equipment Market Insights

Forestry Equipment Market is likely to witness an impressive CAGR of 5.0% during the forecast period. The major factors, such as growing demand for wood in construction activities accompanied by the increase in usage of timber in applications of commercial construction, such as flooring and wall & roof designing, using forestry machines for wildland fire management and wildlife & sanctuary management for preserving the ecosystem in various countries including the U.S., Canada, China, and Russia, and the high growth registered by the forestry equipment sector attributing to the increasing demand for products which are made from residues and recycled materials such as sawdust used for manufacturing particleboards are expected to fuel the growth of the market during the forecast period.

Market Share Analysis

Forestry Equipment Market Share: Type

Based on the type, the market is segmented as felling equipment, extracting equipment, on-site processing equipment, and others. The felling equipment accounted for 35% share of the market in the year 2019 in the U.S. Chainsaws are estimated to witness high demand in the industry because of the growing tinder-harvesting activities, globally. Furthermore, the trends of the industry, such as developing cordless & battery-powered chainsaws which are used in the maintenance of horticulture and firewood fragmentation, forestry equipment manufacturers proposing to provide products to accelerate the efficiency and productivity of farms, and the growing awareness programs by the government for forest management are expected to fuel the demand for harvesters and the growth of the forestry equipment market during the forecast period.

Forestry Equipment Market Share: By Region

In terms of regions, North America is contributing to a high deployment of forestry equipment attributed to the growing demand for wood products and the increasing population in the region. The deployment of equipment caters to the requirements for residential & commercial manufacturing, and the increase in usage of forest products, such as sawnwood and logwoods, for the development of infrastructure is eventually fueling the usage of forestry machines. Asia-Pacific 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 Aircraft Refurbishing Market.

It was estimated prior to this unanticipated outbreak that the Aircraft Refurbishing Market was likely to witness an impressive 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. Several factors are attributed to this sudden spurt in growth, which include airlines and business jet owners undertaking retrofit of their aircraft in a shorter cycle than in the initial days of civil aviation. The future of this market will majorly be the various types of work which entail the overall process of a chain of complete conversions or cabin refurbishing, these works are characteristically outsourced by the aircraft manufacturers or owners to centers known as center of completions.

Aircraft Refurbishing Market Segment Insights:

By Aircraft Type:

The narrow-body aircraft segment dominated the market in 2018, and is estimated to continue its dominance during the forecast period, driven by the growing demand for commercial narrow-body aircraft. 

By Refurbishing Type:

The passenger-to-freighter market is expected to depict the highest growth during the forecast period. The high growth is owing to investment by airlines in passengers-to-freighter conversions so as to utilize their fleet effectively and also save up money.  

By Region:

North American region accounted for the largest share of the market for aircraft refurbishing in 2018, and is likely to maintain its dominance during the forecast period. The market is driven by the presence of key aircraft manufacturers, such as the Boeing Company (US) and Bombardier Inc. (Canada) in this region. 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 Composites Market.

It was estimated prior to this unanticipated outbreak that the Composites Market was expected to grow at a CAGR of 6.8% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

Composites are engineered materials made up of polymer matrix reinforced with fiber and exhibit high strength-to-weight ratio and modulus-to-weight ratio. Common fibers used are glass fiber, carbon fiber, aramid fiber, natural fiber, etc. The polymers usually are thermoset resins such as polyester, epoxy, vinyl ester, polyurethane, and others. Some of the thermoplastics are also used as polymer matrix.

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 thermoset composites and thermoplastic composites. Thermoset composites dominated the market in 2019, and are expected to remain dominant during the forecast period. Thermoset resins are lower in cost, offer higher performance, and are more durable. Thermoset composites are more preferred in aerospace & defense, marine, wind energy, and others.

Based on the fiber type, the composites market is segmented as glass fiber composites, carbon fiber composites, natural fiber composites, and others. Glass fiber composites accounted for the largest share of the market in 2019, as they are comparatively cheap than carbon fiber and offer the required physical and mechanical properties such as strength, durability, and stability. This segment is likely to maintain its dominance during the forecast period as well. The growth of the segment can be attributed as glass fiber composites are dominantly used in the wind energy, pipes & tanks, electrical & electronics, and construction industries, whereas carbon fiber composites are dominantly used in aerospace & defense industry as they are lightweight as compared to glass fibers.

Based on the manufacturing process type, the market is segmented as lay-up, filament winding, injection molding, pultrusion, compression molding, resin transfer molding, and others. The lay-up process type is expected to dominate the market during the forecast period as it is the most cost-effective process, driving the growth of the segment.

Based on the end-use industry type, the composites market is segmented as transportation, aerospace & defense, wind energy, construction & infrastructure, pipes & tanks, marine, electrical & electronics, and others. The transportation segment is expected to dominate the market during the forecast period. Composites offer improved strength-to-weight ratio, which provides lightweight construction and hence, fuel-efficient transportation vehicle.

In terms of regions, Asia-Pacific is estimated to remain the largest market during the forecast period driven by the expanding transportation industry, increasing number of wind turbine installations, and significant growth in construction & infrastructure of the growing economies such as China and India.

Key Players:

Some of the major composite manufacturers are-

• Hexcel Corporation
• Hexion Inc.
• Huntsman Corporation
• Koninklijke Ten Cate BV
• Mitsubishi Chemical Corporation
• Owens Corning
• SGL Group
• Solvay S.A.
• Teijin Limited
• Toray Industries Inc.
• others.

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 Multiple Solid Waste Management Market.

It was estimated prior to this unanticipated outbreak that Multiple Solid Waste Management Market will reach CAGR of 1.8 % during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

Multiple Solid Waste Management Market Insights

Multiple Solid Waste Management market is likely to witness a CAGR of 1.8% during the forecast period. The major driving factor contributing to the demand for multiple solid waste management is the rising urban population along with growing disposable incomes.

Market Share Analysis

Multiple Solid Waste Management Market Share: By Source Type

Based on the source type, the market is segmented as residential and commercial. The residential segment is expected to govern the market with a faster-growing CAGR, during the forecast period. The growth of the segment is owning to various domestic consumables derived from various single and multifamily residential establishments including food scraps, product packaging, grass, newspapers, clippings, clothing, bottles, furniture, and appliances.

Multiple Solid Waste Management Market Share: By Treatment Type

Based on the treatment type, the multiple solid waste management market is segmented as open dumping and disposal. The open dumping segment dominates the market, as low-income nations are still dependent on conventional landfill and incineration techniques to dispose of municipal solid wastes.

Multiple Solid Waste Management Market Share: By Material Type

Based on the material type, the market is segmented as paper & boards, metals, plastics, food, textile, and others. The paper & board segment is estimated to be the dominant segment, due to the imposition of strict governmental measures to reduce the use of plastics, which has created a significant thrust on the usage of paper and paperboards. All the non-durable goods are made up of paper and boards, such as newspapers, cups, paper plates, and tissue paper, along with their increased usage in containers and packaging, including milk cartons, bags & sacks,  and corrugated boxes.

Multiple Solid Waste Management Market Share: By Region

In terms of regions, North America is estimated to be the dominant region for the multiple solid waste management market during the forecast period, due to its surging population, soaring investments in the commercial sector, and the increasing consumer spending along with the implementation of advanced and innovative trash treatment technologies & practices.

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 Composites Distributor Market.

It was estimated prior to this unanticipated outbreak that the Composites Distributor Market was expected to grow at a CAGR of 4.7% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

Composite materials are used in various end-use industries to achieve optimal efficiency and productivity. By using composite materials in the manufacturing process, the manufacturers are able to reduce their production costs.

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 aerospace & defense, wind energy, automotive, marine, construction, pipe & tank, electrical & electronics, and consumer goods. The construction industry held the largest share of the market in 2019, and is expected to remain dominant during the forecast period driven by the increasing demand for light weight and non-corrosive materials in the industry and the presence of a large number of composite part fabricators.

Based on the raw material type, the composites distributor market is segmented as roving, textile, polyester resin, vinyl ester resin, epoxy resin, and other resins. Polyester resin is estimated to be the largest as well as the fastest-growing material during the forecast period driven by its increasing use in the construction and pipe & tank industries. The use of polyester resin offers advantages such as dimensional stability, ease of handling and provides mechanical and chemical resistance.

In terms of regions, Asia-Pacific is estimated to be the largest as well as the fastest-growing composites distributor market during the forecast period due to the presence of a large number of small part fabricators for pipe & tank, construction, and consumer goods end-use industries. China and India are the growth engines of the region. North America and Europe are also expected to offer considerable growth opportunities during the forecast period.

Key Players:

Some of the major composites’ distributor companies are-

• Composites One
• Euroresins International GmbH
• FRP Services & Company
• Gazechim Composites UK
• IMCD N.V.
• Lintech International LLC.