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 Composite Film Market.

It was estimated prior to this unanticipated outbreak that the Composite Film Market was expected to grow at a CAGR of 4.8% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

Composite films are majorly used in aerospace & defense and automotive industries in surface and lighting protection applications. Epoxy-based films are majorly used in these industries as they offer superior properties required such as strength, stability, lightweight, durability, and flexibility.  

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 film type, the market is segmented as epoxy film and others. Epoxy film dominated the market in 2019, and is expected to remain dominant during the forecast period due to its superior physical and mechanical properties. It is preferred film in aerospace & defense and automotive industries.

Based on the curing type, the composite film market is segmented as autoclave and out-of-autoclave. Autoclave is expected to dominate the market during the forecast period owing to its ability to produce high value composite films with high strength-to-weight ratio for the aerospace & defense industry.

Based on the function type, the composite film market is segmented as lightning strike protection, surface protection, and others. Lightning strike protection is expected to dominate the market during the forecast period owing to its ability to protect the composite panel and increase its lifespan when used in aircraft.

Based on the end-use industry type, the composite film market is segmented as aerospace & defense, automotive, and others. Aerospace & defense is expected to dominate the market during the forecast period as it offers 30% weight saving; which is a crucial factor in the in aerospace & defense industry. It also provides smooth surfaces that minimize the time and labor-intensive surface preparation.

In terms of regions, North America is estimated to remain the largest market during the forecast period due to the presence of prominent aircraft assemblers, increasing aircraft deliveries, and increasing demand for automotive vehicles with the expanding economies of the US, Canada, and Mexico. Increasing demand for films that are lightweight, have high tensile strength, and can withstand lightning strikes are likely to drive the composite films market.

Key Players:

Some of the major composite film manufacturers are-

• Gurit Holding AG
• Henkel AG & Co KGaA
• Hexcel Corporation
• Lincoln Composite Materials Inc.
• Northern Composites LLC.
• Park Aerospace Corp.
• Socomore
• Solvay S.A.
• The 3M Company
• 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 the Data Acquisition System (DAQ) Market.

It was estimated prior to this unanticipated outbreak that the Data Acquisition System (DAQ) 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.

Data Acquisition System Market Insights

Data acquisition system market is likely to witness an impressive CAGR of 5.7% during the forecast period. The demand for data acquisition systems is driven mainly by the increasing demand for high-speed connectivity among various end-use industries.

Market Share Analysis

Data Acquisition System Market Share: By Component Type

Based on the component type, the market is segmented as hardware and software. The hardware segment held the larger share of the market in 2019, and is expected to remain dominant during the forecast period. The higher share is attributed to the growing emphasis on data monitoring coupled with the increasing demand for accuracy and precision in measurement applications for various end-use industries.

Data Acquisition System Market Share: By Application Type

Based on the application type, the market is segmented as research and analysis, manufacturing and quality, asset condition monitoring, and design validation and repair. The research and analysis segment is projected to expand with the highest CAGR over the forecast period owing to the rising requirement for real-time analysis of data from industries, such as automotive, wireless communication, aerospace, and defense.

Data Acquisition System Market Share: By End-User Type

Based on the end-user type, the market is segmented as aerospace, defense & government services, automotive, energy, wireless communication and infrastructure, and others. The automotive segment is projected to grow at the fastest rate during the forecast period owing to the growing applications in the industry such as virtual load test and on-road data acquisition.

Data Acquisition System Market Share: By Region

In terms of regions, North America is expected to be the largest market for data acquisition systems during the forecast period. The North American market is expected to expand with a lucrative CAGR due to high adoption of advanced technology, presence of dominant market players, and huge demand from the US.

Some of the major players in the data acquisition system market are National Instruments, Keysight Technologies, Siemens, Schneider Electric, HBM, Yokogawa, Ametek, Tektronix, Fluke Corporation, Brüel & Kjær, Emerson Electric, GE, Honeywell, Rockwell Automation, Omron Corporation, Macrodyne, and Teledyne Technologies.

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 Commodity Plastics Market.

It was estimated prior to this unanticipated outbreak that the Commodity Plastics Market was expected to grow at a CAGR of 6.6% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

Today, plastics can be found in almost every application that catches your eye, ranging from shopping bags, trash containers, disposables, packaging films, to clothing, printed materials, toys, household products, etc. Most of these plastic products are made from six types of plastic materials which are polyethylene (PE), polypropylene (PP), polyvinylchloride (PVC), polystyrene (PS), polyester, and polyurethane (PU). These commodity plastics are lighter, resistant to abrasion, structurally stable, easily recyclable, and highly malleable. They are often used in large volumes for regular household applications and offer higher strength compared to other substitutes. Since commodity plastics are not used in critical service environments, they are relatively inexpensive and exhibit lower mechanical properties than engineered plastics.

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 material type, the commodity plastics market is segmented as Polyethylene (PE), Polypropylene (PP), Polyvinyl Chloride (PVC), Polystyrene (PS), Polymethyl methacrylate (PMMA), and others. The PE segment captured the largest share of the market in 2019, and is expected to remain dominant during the forecast period, propelled by easy availability and lower manufacturing cost along with favorable properties such as toughness, chemical resistance, and transparency. Also, high demand from packaging applications such as plastic films, plastic bags, plastic containers, tubing, bottles, wire insulation, household & kitchenware, and chemical containers is acting as a catalyst for the segment’s market.

Based on the application type, the market is segmented as packaging, construction, consumer goods, automotive, electronics, textile, medical & pharmaceutical, and others. The packaging segment is expected to remain the largest as well as the fastest-growing segment of the market over the forecast period.  This growth can be attributed to the increased demand for packaged food & beverages, as well as the rising demand for flexible packaging. Each segment has been further sub-segmented by application type for in-depth understanding.

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 lucrative growth opportunities. This growth can be attributed to the increasing investments in the construction industry coupled with rapid economic development in the region. Rising population and increasing demand for packaged foods in the consumer goods industry are the other key drivers of the region's commodity plastics market. Europe and North America are also expected to offer substantial growth opportunities during the forecast period.

Key Players:

Some of the major players in the commodity plastics market are-

• BASF SE
• Exxon Mobil Corporation
• Formosa Plastics Corporation
• LG Chem Ltd.
• LyondellBasell Industries N.V.
• Mitsubishi Chemical Corporation
• SABIC
• China Petroleum & Chemical Corporation (Sinopec Group)
• Sumitomo Chemical Co., Ltd.
• The DOW Chemical Company

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 Oil Refining Market. 

It was estimated prior to this unanticipated outbreak that the Oil Refining 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.

Oil Refining Market Insights

Oil refining market is likely to witness a healthy CAGR of 4.3% during the forecast period. The prime factors contributing to the demand for oil refining are rapid industrialization, growing population, changing demographics, and improving living standards. There is an increased investment on construction and upgradation of refineries to fulfill petroleum product demand.

Market Share Analysis

Oil Refining Market Share: By Complexity Type

Based on the complexity type, the oil refining market is segmented as topping, conversion, and deep conversion. The topping oil refining market is expected to register robust growth due to its ability to transforming to high value products through the cracking of larger molecules into smaller ones. Conversion refining has the ability to eliminate the residuals from fuel. Deep conversion refining is expected to be driven by stringent regulations pertaining to product quality specifications.

Oil Refining Market Share: By Product Type

Based on the product type, the market is segmented as light distillates, middle distillates, fuel oil, and others. Middle distillate delivers flammable liquids of shorter carbon chain (with 10-20 carbon atoms) compared to light distillates and hence, dominated the market in 2019. Oil refined through middle distillates has wide application in industries such as aviation, power generation, and marine bunkers. The light distillates oil refining market to grow with the increasing spending capacity of expanding middle class population.

Oil Refining Market Share: By Fuel Type

Based on the fuel type, the oil refining market is segmented as gasoline, gasoil, kerosene, LPG, and others. Gasoline oil refining is expected to grow with the increased uses of it in transportation industry. Increasing passenger vehicle fleet in developing countries to drive the gasoline demand in the coming years.

Oil Refining Market Share: By Application Type

Based on the application type, the oil refining market is segmented as transportation, aviation, marine bunker, petrochemical, residential & commercial, agriculture, electricity generation, and others. Transportation and petrochemical industries to consume the largest chunk of the refined oil and will drive the market over the forecast period.

Oil Refining Market Share: By Region

In terms of regions, Asia-Pacific has the highest refining capacity. China and India are the key countries in the region and have accounted for significant share in global market in 2019. These two countries also witnessed refining capacity expansion in last few years. Other than these two countries South East Asian countries have also commissioned a number of refinery projects to reduce dependency on imports.

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 Drone Simulator Market.

It was estimated prior to this unanticipated outbreak that the Drone Simulator Market was likely to witness an impressive CAGR of 16.2% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate. The increasing demand for drones for commercial and military applications, which is also amounting to the rise in claim for trained pilots, is driving the growth of the global drone simulator market.  

Drone Simulator Market Segment Insights:

By Platform Type:

The military segment is estimated to remain dominant, led by the easy affordability of drone simulators for training of military pilots and operators, against live training employing real drones.

By Device Type:

The augmented reality segment is projected to register a higher growth during the forecast period. The growth of this segment is driven by the increasing adoption of augmented reality drone simulators in military applications which recommends a better training experience to pilots by using the real-world environment.

By Region:

North American region was estimated to be the largest market for drone simulator in 2018. Countries in this region, such as the US and Canada, are depicting an increase in the adoption of simulators in the drone industry. The European and the Asia-Pacific regions are also expected to witness a high growth owing to the rising employment of drone simulators for gaming applications, such as drone racing.