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 Water Heater Market.

It was estimated prior to this unanticipated outbreak that the Water Heater 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.

Water Heater Market Insights

Water heater market is likely to witness a healthy CAGR of 4.3% during the forecast period. The prime factor contributing to the demand for water heaters is the growing residential and commercial construction market.

Market Share Analysis

Water Heater Market Share: By Capacity Type

Based on the capacity type, the market is segmented as <30 liters, 30-100 liters, 100-250 liters, 250-400 liters, and >400 liters. The 30-100 liters segment is expected to maintain its dominance over the forecast period, owing to the high demand from residential as well as commercial establishments, such as hotels, shopping complexes, theatres, and government institutions.

Water Heater Market Share: By Product Type

Based on the product type, the market is segmented as instant and storage. The storage segment accounted for the larger share of the market in 2019, and is expected to maintain its command, bolstered by its high energy conversion potential and low maintenance, during the forecast period.

Water Heater Market Share: By Fuel Type

Based on the fuel type, the market is segmented as electric and gas. The electric segment captured the larger share of the market in 2019, and is expected to lead the market, supported by growing accessibility to electricity, especially in the Asia-Pacific and African economies, over the forecast period.

Water Heater Market Share: By Application Type

Based on the application type, the market is segmented as residential and commercial. The residential segment held the larger share of the pie in 2019, and is likely to remain the vanguard, during the forecast period. The segment's growth is attributed to the growing residential construction activities across the globe coupled with increasing disposable income.

Water Heater Market Share: By Region

In terms of regions, Asia-Pacific is estimated to be the largest market for water heaters during the forecast period. The region's market growth is due to increasing electrification, expanding piped gas network, rapid residential and commercial constructions, and growing disposable income of the population. China and India are the growth engines of the region. North America and Europe are also expected to offer promising 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 Cast Acrylic Sheet Market.

It was estimated prior to this unanticipated outbreak that the Cast Acrylic Sheet Market was expected to grow at a CAGR of 6.1% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

Acrylic cast sheets are a form of polymethyl methacrylate in which monomer such as, methyl methacrylate is added with initiators and other additives, which then casted into sheets by using static pressure. The sheets can be colored or opaque and are numerously coated for enhancing finishing and solar reflectivity. They have a wide range of applications which include signage, large-screen LCDs, interactive screens, display cases, skylights, furniture, aquariums, mirrors, office stationery, shelf panels, partitions, solar panels, and transportation.

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 process type, the market is segmented as cell and continuous cast acrylic sheet. Cell cast acrylic sheet type is likely to be the larger and faster-growing process type during the forecast period. This process type is easier to use, is low labor-intensive, produces better-saturated color, and requires low set-up cost. It is cleaner to cut, drill, and rout owing to its high molecular weight. All these factors are likely to drive the growth of the segment during the forecast period.

Based on the application type, the market is segmented as architecture & interior design, sanitary ware, signage & display, transportation, medical, food & catering, and others. The signage & display application type segment is estimated to be the largest as well as fastest-growing segment, owing to its availability in different colors and strength, during the forecast period. In addition, increasing need for lightweight material in automotive industry, modernization of railway stations, bus stands and airports are the major factors which are likely to drive the demand for cast acrylic sheets.

In terms of region, Asia-Pacific is likely to be the largest and fastest-growing market for cast acrylic sheet. It is estimated that more than half of the regional market’s share is accounted by Japan, China, and India. Rising per capita income, rising purchasing power coupled with the increasing urbanization are expected to drive the cast acrylic sheet market in various industries, such as sanitary ware, food & catering, medical, signage & display, and architecture & interior design.

Key Players:

Some of the major cast acrylic sheet manufacturers are-

• Mitsubishi Chemical Corporation
• Altuglas International
• Evonik Industries AG
• Polyplastic Co. Ltd
• Asia Poly Industrial Sdn Bhd.
• 3A Composites Gmbh
• Aristech Acrylics LLC
• Acrilex Inc.
• Chemical Corporation Pvt. Ltd.
• Spartech Corporation

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 Aerospace Plastics Market.

It was estimated prior to this unanticipated outbreak that the Aerospace Plastics Market was likely to witness an impressive CAGR of 5.8% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

Market Share Analysis

Aerospace Plastics Market Share: By Platform Type

Based on the platform type, the market is segmented as commercial aircraft, regional aircraft, military aircraft, general aviation, helicopters, and others. The commercial aircraft segment held the largest share of the market in 2019, and is expected to remain dominant during the forecast period. Increasing commercial aircraft deliveries to support rising passenger traffic, introduction of fuel-efficient next-generation aircraft, and rising commercial aircraft fleet size across regions are the key factors propelling the demand for plastics in the segment.

Aerospace Plastics Market Share: By Polymer Type

Based on the polymer type, the aerospace plastics market is segmented as Polyether Ether Ketone (PEEK), Poly Methyl Methacrylate (PMMA), Acrylonitrile Butadiene Styrene (ABS), Polycarbonate (PC), Polyphenylene Sulfide (PPS), and Others. The PPMA segment is expected to grow at the highest CAGR in the market during the forecast period, owing to its wider applications such as aircraft canopies, cockpits, portholes, windshields, and exterior lighting.

Aerospace Plastics Market Share: By Application Type

Based on the application type, the aerospace plastics market is segmented as aircraft interiors, airframe, windows & windshields, and others. Aircraft interiors was the major application of the aerospace plastics market in 2019, and is expected to remain dominant during the forecast period as well. Plastics are widely used in aircraft interior applications such as ducts, cabin partitions, floor panels, overhead luggage bins, avionics sensor plates, electronic component mounting brackets, and ventilation impeller blades. 

Aerospace Plastics Market Share: By Region

In terms of regions, North America is expected to remain the dominant region in the market in the coming five years as the region is the manufacturing capital of the aerospace industry with the presence of several OEMs, tier players, distributors, and raw material suppliers. The USA will continue to propel the demand for aircraft plastics in the region over the next five years.

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 Carbon Fiber Resin Market.

It was estimated prior to this unanticipated outbreak that the Carbon Fiber Resin Market was expected to grow at a CAGR of 11.5% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

Carbon fiber resins are the derivatives of carbon and other elements, processed with the application of heat to form final fibers. These resins possess properties such as high strength, good chemical resistance, corrosion resistance, and high velocity, which make them the ideal material for the interior and exterior parts of an airplane.

Carbon fiber resins are of different types, i.e. thermoset resin and thermoplastic resin, that are used in various end-use industries, such as aerospace & defense, wind energy, automotive, sporting goods, civil engineering, marine, electrical & electronics, pipe & tank, and others.

This report studies the carbon fiber resin 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 resin and thermoplastic resin. The thermoset resin segment held the larger share of the market in 2019, and is expected to remain dominant during the forecast period. It includes epoxy, polyester, and vinyl ester resin. Thermoset resins have high strength and resistance to temperature in comparison to thermoplastic resin, resulting to its larger applications in the automotive and aerospace & defense industries that require more heat and temperature-resistant materials. All these factors are likely to drive the growth of the segment during the forecast period.

Based on the application type, the market is segmented as aerospace & defense, wind energy, automotive, sporting goods, civil engineering, marine, electrical & electronics, pipe & tank, and others. The aerospace & defense industry segment dominates the market driven by its focus towards harnessing wind energy along with the demand for greener automotive, which has led to the increase in demand for carbon fiber resins.

In terms of regions, North America is estimated to be the largest as well as fastest-growing market for carbon fiber resin during the forecast period, with the US being the major country with excellent growth opportunities. The North American market is driven by the high demand for materials with lightweight and superior mechanical properties, majorly in the U.S. Europe and Asia-Pacific are also expected to offer promising growth opportunities during the forecast period.

Key Players:

Some of the major players in the carbon fiber resin market are-

• Huntsman Corporation
• Alpha Owens-Corning
• BASF SE
• Hexion Inc
• Polynt S.P.A
• Ashland Inc
• Olin Corporation
• The 3M Company
• Aliancys AG
• Kukdo Chemical 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 the Drone Service Market.

It was estimated prior to this unanticipated outbreak that the Drone Service Market will reach CAGR of 57.2 % during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

Drone Service Market Insights

Drone Service Market is likely to witness an impressive CAGR of 57.2% during the forecast period. Increased requirement for qualitative data in various industries, growing use of drone services for industry-specific solutions, and improvised regulatory framework are the prime factors expected to bolster the growth of the global drone service market during the forecast period.

Market Share Analysis

Drone Service Market Share: By Application Type

Based on the application type, the market is segmented as aerial photography & remote sensing, data acquisition & analytics, mapping & surveying, 3D modeling, disaster risk management & mitigation, inspection & environmental monitoring, and others. The aerial photography & remote sensing application segment is estimated to register the highest growth during the forecast period. The growth of the segment is owing to the increase in the demand for aerial photography from various sectors, such as architecture, infrastructure, civil engineering, and oil & gas across the world.  

Drone Service Market Share: By Solution Type

Based on the solution type, the market is segmented as enterprise and point. The enterprise segment is expected to grow at a higher rate in the coming five years. The growth of this segment can be attributed to the fact that enterprise solutions deliver end-to-end services to various industries. Further, escalating demand for analytical services and software solutions in the drone service market is propelling growth of the segment.

Drone Service Market Share: By Region

In terms of regions, the drone service market in the Asia-Pacific region is estimated to witness the highest growth during the forecast period. This growth is owing to the increasing number of drone services being used by various industries, such as mining, agriculture, and oil & gas in the region. China and India are the growth engines of the region. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.