The global plasticizers market attained a value of $13,967.9 million in 2018 and is predicted to generate a revenue of $16,700.6 million by 2024. According to the forecast of P&S Intelligence, a market research firm based in India, the market would progress at a CAGR of 3.5% between 2019 and 2024. The mushrooming construction activities in several countries and the burgeoning requirement for polyvinyl chloride (PVC) in the electronics and electrical industry are the main growth drivers of the market. 

The boom of the construction industry is a major factor fueling the progress of the plasticizers market across the globe. This is because a large volume of construction tools and materials are made from PVCs, that require various plasticizers such as DBP, DOTP, DINP, and DOP for softness. Moreover, PVC materials are widely used in construction activities, on account of their beneficial traits such as excellent resistance to ultraviolet (UV) light and temperature. 

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Plasticizers are used as raw materials in the production of various construction materials such as tubes and pipes, building interiors, and roof and wall insulation. Additionally, these materials are used in construction materials that are used for flooring, roofing, cladding, and various other applications. Hence, with the increasing number of construction activities in several countries such as India, Brazil, and China, on account of the rising urbanization rate, the demand for plasticizers would grow enormously in the coming years.

This would, in turn, push up the sales of these materials around the world. Depending on product, the plasticizers market is classified into phthalates and non-phthalates. Between these, the phthalate category registered higher growth in the market in the past years. This was because of the extensive utilization of phthalate plasticizers in the production of several products such as plastics required in the healthcare industry, coatings, emulsifying agents, and anti-viscosity agents. 

When application is taken into consideration, the plasticizers market is divided into wires & cables, flooring, roofing, and cladding, films & sheets, medical equipment, automotive parts, and toys & child care products. Out of these, the wires & cables category recorded the highest growth in the market in the years gone by. This was because of the heavy usage of wires & cables, that require flexible PVC for insulation and protection. 

Globally, the plasticizers market recorded the highest growth in the Asia-Pacific (APAC) region in the past years and this trend is likely to continue in the upcoming years as well. This is credited to the ballooning construction and production activities in the manufacturing, healthcare, and chemicals industries and increasing urban infrastructural development activities in various countries such as Indonesia, China, India, and several Southeast Asian nations. Plasticizers are extensively used in all these industries for producing flexible PVC.

Hence, it is quite clear from the above paragraphs that the market would exhibit substantial advancement across the world in the years to come, mainly because of the increasing construction and infrastructural development activities in various countries around the world.

 The global industrial gases market generated a revenue of $92,392.4 million in 2019 and is predicted to advance at a CAGR of 5.5% between 2020 and 2030. Furthermore, the market is predicted to attain a value of $154,079.5 million by 2030. The increasing government initiatives being launched for promoting the usage of alternate energy sources and the expansion of the healthcare industry in various countries are the main growth drivers of the market.

Industrial gases are extensively used in various industries such as petroleum, chemical, healthcare, heavy metal, electronics, and food. For example, in the food and beverage industry, carbon dioxide is heavily used to carbonate beer and soft drinks and assists in preparing decaffeinated coffee. Acetylene is usually used as an oxy-acetylene flame in metal welding and cutting applications. Furthermore, according to a National Investment Promotion & Facilitation Agency called Invest India, the sales of petrochemicals would climb in the coming years.

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The agency also estimates that the demand for polymer would grow sharply over the next few years. As hydrogen is extensively used in various chemical production and petroleum refining processes, the increasing number of chemical processes would push up the requirement for hydrogen gas in future. Besides this, the rising concerns being raised in several countries over the emissions released from fossil fuel usage are also driving the advancement of the industrial gases market across the globe.

These toxic emissions are one of the major factors responsible for global warming and as a result, many governments are increasingly implementing policies for promoting the usage of renewable energy in place of the conventionally used fossil fuels. According to the 2015 data of the World Bank, nations such as the U.K., India, China, Chile, Japan, and South Africa invested 0.8%, 0.5%, 0.9%, 1.4%, 0.8%, and 1.4%, respectively, of their total GDP (gross domestic product) on renewable energy.

When type is taken into consideration, the industrial gases market is divided into carbon dioxide, oxygen, hydrogen, argon, acetylene, nitrogen, and helium categories. Out of these, the hydrogen category recorded the highest growth in the market, both in terms of volume and value, in the past few years and this trend is likely to continue in the future years as well. This would be because of the heavy utilization of hydrogen in various production processes in the chemical industry.

Globally, the industrial gases market would register the highest growth in the Asia-Pacific (APAC) region in the upcoming years, as per the estimates of P&S Intelligence, a market research firm based in India. This would be a result of the flourishing manufacturing industry and the surging healthcare expenditure in various regional countries. Furthermore, the growing population in this region is boosting the demand for end-use products, which is, in turn, fueling the progress of the industry.

Hence, it can be said with full confidence that the market would demonstrate substantial growth across the world in the future years, primarily because of the rising requirement for various gases in chemical and manufacturing processes.

The medical adhesives market is projected to attain a value of $16,367.2 million by 2030, increasing from $8,714.9 million in 2019, progressing at a 2.3% CAGR during the forecast period (2020–2030), according to a report by P&S Intelligence. The market is registering growth due to the increasing healthcare expenditure by emerging countries, enhancing per capita income, rapidly growing population, and rising products and equipment manufacturing base. On the basis of technology, the market is divided into hot melt & other solids, solvent-based, and water-based. 

Among all these, the water-based division is projected to register the fastest growth during the forecast period, because of the beneficial properties of these medical adhesives, such as good breathability, provision of quick-tackiness, and good anchorage to cloth face stocks. In addition to this, factors such as high resistance to moisture and water and sustainability are projected to result in the high adoption of these medical adhesives in the years to come. 

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Geographically, the medical adhesives market was dominated by North America during the historical period (2014–2019), on account of the high purchasing power, increasing product demand, and opportunity for advancement in the healthcare industry. Within the region, the U.S. held the major share of the market, due to technological advancements, increasing government support regarding free or insured healthcare policies, and increased per capita income. The Asia-Pacific region is projected to grow at the fastest pace during the forecast period. 

The increasing demand for bio-adhesives in the medical sector is a key trend being witnessed in the medical adhesives market. The consumption of bio-adhesives is majorly growing for internal medical treatment, implants, and wound healing in the healthcare industry. Bio-adhesives are glue that are formed from biological monomers synthetically and are designed for adhering to biological tissues. Skin adhesives are majorly being used in the healthcare industry to replace stiches that are conventionally used for closing wounds. 

Hence, the market is growing due to the rising adoption of disposable medical products and increasing consumption of bio-adhesives.  

Because of its medicinal properties, bismuth nitrate has found wide application in drug formulations to treat diseases such as cancer and duodenal diseases. Moreover, in the cosmetics industry, the compound is used for the production of lipsticks, nail paints, eye shadows, and hair sprays. The increasing awareness on the benefits of bismuth nitrate as a source of white pigment is the key reason behind its increasing consumption in the cosmetics industry.

Additionally, the rapid growth of the pharmaceutical sector in the Asia-Pacific (APAC) region and increasing usage of the compound over other bismuth derivates will drive the growth of the bismuth nitrate market at a CAGR of 5.1% during the forecast period of 2020–2030. The market was valued at $190.6 million in 2019, and its revenue is set to increase steadily till 2030. India, China, and South Korea will generate huge a demand for bismuth nitrate in the coming years.

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This can be attributed to the significant expansion of the pharmaceutical sector in these emerging economies of the APAC region. The growing pharmaceutical industry is an outcome of the increasing investments in research and development (R&D), macroeconomic growth, increasing geriatric population, increasing expenditure on healthcare, and rising number of cases of cancer, which already leads to 9.6 million deaths each year (World Health Organization estimates). The increase in the cases of cancer and growth in the elderly population have led to an increase in the demand for drugs.

The grade segment of the bismuth nitrate market is bifurcated into industrial grade and pharmaceutical grade. Of the two, the pharmaceutical grade category held the larger revenue share in the market in 2019, and it will continue to be the frontrunner during the forecast period. The growth of this bifurcation will be driven by the increasing usage of the compound in drug formulations and heavy investments in R&D to discover new applications of the salt in the medical industry.

The increasing demand for drugs will thus contribute massively to the growth of the market. Additionally, the benefits offered by bismuth nitrate make it important for the cosmetics industry, which is itself growing on account of the increasing disposable income and appearance consciousness.

Graphene, an allotrope of carbon, is the thinnest compound known to mankind. It is a monolayer of atoms of carbon that are tightly bound to each other in the form of a hexagonal honeycomb lattice. It is the lightest yet the strongest compound yet discovered. It is one of the best conductors of electricity and heat at room temperature, and it can absorb light across a wide range of the spectrum. Because of varied advantages, it can be used in ultra-wide-bandwidth photodetectors, energy storage and generation sectors, and high-frequency magnetic, bio, chemical, and electronic sensors.

Owing to the large-scale application of this carbon allotrope in the medical industry and growing demand for it from the electrical and electronics sector, the graphene market is expected to witness a 20.2% CAGR during the forecast period of 2020–2030. At this rate, the market revenue is projected to grow from $87.5 million in 2019 to $646.8 million by 2030. The medical industry uses graphene in cancer treatment, prosthetic devices, dental implants, and therapeutic tools.

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Stakeholders in the industry are investing large sums in R&D to explore the application potential of graphene in electric vehicles, enhanced batteries, medical devices, and flexible and foldable screens. For instance, the European Union (EU), under its Graphene Flagship initiative, granted $50.4 million to 11 commercialization projects in December 2019. These projects are being pursued by ABB Ltd., Siemens AG, and other leading manufacturers, who are expected to invest $52.6 million soon, to develop advanced graphene-based materials.

The Asia-Pacific (APAC) region accounted for the largest share in the global graphene market during the historical period of 2014–2019. China has emerged as the largest consumer of graphene in the worldwide energy, medical, and electrical and electronics sectors. Even during the forecast period, the consumption of the compound is set to increase in this region quickly because of its growing significance in the aerospace and automotive industry of India, South Korea, and China.

The growing awareness among customers on the usage of lubricants and flourishing automotive industry in emerging economies will increase the size of the lubricants market during the forecast period of 2020–2030. The growth, which will be at a CAGR of 2.3%, will be from $95,403.9 million in 2019 to $115,350.6 million in 2030. The increasing demand for vehicles and heavy equipment from the transportation industry and construction sector, respectively, will drive the advancement of the market during the forecast period.

The demand for vehicles is increasing at an exponential rate in the developing nations of India, Mexico, Brazil, and China due to their rising per capita income. Owing to this, the demand for lubricants is also increasing, as they are applied to reduce friction in vehicles, which ensures their longevity by reducing wear and tear. Lubricants are further used in the cranckcase of a vehicle engine to ensure the efficient functioning of the vehicle; this additionally leads to a significant reduction in greenhouse gas emissions.

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Another factor that will drive the lubricants market growth during the forecast period is the surging awareness about such products. Lubricants find wide applications in various sectors, such as industrial, automotive, and construction. In addition to developed nations, customers in developing nations are also making substantial use of lubricants in vehicles, machinery, and industrial equipment. Market players are now focusing on the adoption of a customer-oriented methods to create brand awareness through print and visual media.

The highest revenue for the lubricants market was generated in the Asia-Pacific (APAC) region in 2019, and this trend is likely to be replicated during the forecast period. This growth would be due to the shift of production units to Asian countries, such as India and China, due to their low labor costs and flexible environmental rules and regulations. Due to the surge in the number of production units, lubricant producers are investing huge sums in the APAC region.

 The global low strength proppants market generated a revenue of $3,713.3 million in 2019 and is predicted to progress at a CAGR of 9.8% between 2020 and 2030. According to the forecast of the market research firm, P&S Intelligence, the market would attain a value of $5,294.8 million by 2030. The rising exploration & production (E&P) activities and rapid technological advancements being made in crude oil recovery are the key factors fueling the expansion of the market across the globe. 

North America has historically been one of the biggest contributors to the global oil and gas production and this trend will not change in the coming years. In this region, the U.S. alone accounts for almost 80% of all newly drilled wells. Oil and gas E&P is also gaining traction in Canada, especially with the opening up of the country’s shale reserves for commercial production and exploration. These surging E&P activities are pushing up the demand for low strength proppants.

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This is because low strength proppants are heavily used in huge amounts during the hydraulic fracturing process, on account of their ability to augment the flow of oil and gas. The other major factor propelling the advancement of the market is the rising technological advancements being made in crude oil discovery. Many major oil & gas E&P companies in the Asia-Pacific and North American regions are making huge technological investments for enhancing the E&P of new oil and gas reserves. 

According to industry experts, energy production will register a huge growth in the U.S. in the near future, which will, in turn, fuel the development of improved and new technologies in order to ensure easy recovery process and high business growth for the organizations operating in the oil and gas industry. Based on end use, the low strength proppants market is categorized into crude oil, shale gas, and coal-bed methane.

The global retail e-commerce packaging market attained a valuation of $19,022.7 million in 2019 and is predicted to generate a revenue of $68,388.1 million by 2030. According to the estimates of P&S Intelligence, a market research company based in India, the market would demonstrate a CAGR of 12.1% between 2020 and 2030. The surging population across the world and the increasing affordability of internet connections and smartphones are the prominent factors powering the advancement of the market around the world.

The soaring population levels across the world are massively pushing up the demand for both consumable and non-consumable goods. This is, in turn, boosting the progress of the market, as these goods are mainly sold via online channels. As per the findings of the United Nations Department of Economic and Social Affairs (UNDESA), the total population of the world was 7.6 billion in 2019. Moreover, the organization found that around 83 million people are added to this number every year.

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This trend is likely to continue in the coming years. This is causing the boom of the e-commerce industry, which is, in turn, propelling the sales of packaging products. The ballooning sales of these products are driving the progress of the retail e-commerce packaging industry. Based on material type, the retail e-commerce packaging market is divided into envelopes, boxes, and others, wherein the others include bubble wraps, tapes and labels, and air cushions. 

Globally, the retail e-commerce packaging market registered the highest growth in the Asia-Pacific (APAC) region in the past years and this trend will continue in the future years as well. This would be due to the existence of a large population, the presence of a thriving e-commerce industry, and the growing propensity of the people in this region toward latest technologies. Moreover, according to the India Brand Equity Foundation (IBEF), India will become the second-biggest e-commerce market globally by 2034.

The widening application areas of bromine compounds would be significant in drafting the growth trajectory of the bromine market during the forecast period of 2020–2030. The market generated $1,864.3 million in 2019, and it is going to grow at a CAGR of 5.7% during the forecast period. The growth will be driven by the adoption of eco-friendly flame retardants, increasing applications of clear brine fluids during the drilling for gas and oil, and usage of bromine compounds to cut down mercury emissions.

Different bromine compounds are being widely used during drilling for gas and oil and production of eco-friendly polymeric retardants, which are widely used in plastic and electronics production. Furthermore, owing to the increasing production of renewable power, bromine-based storage technology grids are being widely adopted. Bromine-based technology has surfaced as an economical solution to storing clean energy, which is why the demand for the chemical continues to grow.

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The derivative segment of the bromine market is categorized into bromide salts, hydrogen bromide, and organobromide, among which organobromide held the largest share in the market in 2019. This dominance was driven by the large-scale consumption of organobromides — vinyl bromide, styrene bromide, allyl bromide, ethylene dibromide, and propylene bromide — in the manufacturing of solvents, catalysts, flame retardants, pesticides, gasoline, and intermediates for fumigants, organic synthesis, and antiknock agents.

The Asia-Pacific (APAC) region dominated the bromine market during the historical period of 2014–2019, due to the high consumption and production of bromine derivates in China. China is witnessing an increasing influx of foreign manufacturers, who are setting up derivative production plants in the country. The rise in the number of manufacturing plants is an outcome of the abundant availability of naturally occurring bromine, consumers, and cost-effective labor. China is driving the APAC market because of the escalating consumption of bromine-based flame retardants during the manufacturing of plastic products, insulation, and electronics.

With burgeoning sales of electrical and electronics items all over the world, the demand for polytetrafluoroethylene (PTFE) is set to grow rapidly in the coming years. This is because PTFE is extensively used in cable ties, battery binders, brush holders, circuit breakers, connectors, and barb insulators. Moreover, with the rapid growth of the population, the demand for electrical and electronics products will soar, especially in the developing South Asian countries. 

PTFE is required in various areas such as cable and wire jacketing, high-voltage encapsulation devices for electrical parts and components, and separation of conductive surfaces in capacitors. In addition to this, PTFE is heavily used in the fabrication of semiconductor devices. As per the Semiconductor Industry Association (SIA), the requirement for semiconductors grew massively in 2018. According to the organization, a shipment of more than one trillion units was shipped in 2018. 

Furthermore, the total sales of semiconductors grew by more than 20% in China from 2017 to 2018. Apart from this, the rising adoption of PTFE-based utensils is also fueling the demand for the material. This is, in turn, pushing up the sales of the material, which is subsequently driving the expansion of the global polytetrafluoroethylene market. As a result, the value of the market is predicted to grow from $2,197.8 million to $2,953.6 million from 2019 to 2024. 

This is credited to the presence of a thriving automotive industry in the region. The growing popularity of lightweight vehicles in the regional countries such as the U.K., Germany, and France will boost the requirement for PTFE coatings in the future. North America will witness rapid growth in the demand for polymers of fluoroethylene in the future years. This would be a result of the expanding industrial sector and the large-scale industrial activities being performed in the North American countries. 

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