The demand for energy around the world is surging due to the rapidly increasing population. Most of the energy needs are fulfilled by fossil fuels, such as natural gas, petroleum, and coal; however, the rapid depletion of these resources is compelling governments to use energy efficiently, primarily in the industrial sector. Approximately 20%–50% of energy input in several industries is wasted, which is why there is an urgent need for efficient management and reduction of waste energy. One of the solutions to take care of this problem is the utilization of waste heat recovery systems, as they do not emit any greenhouse gases and decrease the dependency on fossil fuels.

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The different end users of waste heat recovery are chemical, metal production and casting, paper and pulp, petroleum refining, cement, and natural gas compression. Some other end-users include biorefinery industries, glass manufacturing, food, mining and mineral, and processing. Among all these, the largest demand for waste heat recovery systems was created by the petroleum refining category during 2012–2015 and the situation is expected to remain the same in the near future as well. Waste heat recovery systems are utilized in oil refineries for using energy efficiently. These systems are capable of supplying both electrical and heat power at the same time. 

A major factor driving the growth of the waste heat recovery market is the rising cost of electricity. Energy is an important factor when it comes to determining the operational cost of an industry, which is why all industries need electricity at reasonable prices. However, the slow economic development has led to an increase in the prices of input energy. In addition to this, the crude oil prices are extremely volatile. Hence, due to all these factors the demand for efficient usage of available energy is increasing rapidly, which in turn in driving the requirement for waste heat recovery systems.

Among all the regions, namely Europe, North America, Asia-Pacific (APAC), and Rest of the World, the largest demand for waste heat recovery systems was created by Europe during 2012–2015 and the situation is going to be the same in the coming years as well. This is due to the strict environmental policies for reducing the harmful emissions from industries and early introduction of waste heat recovery technology in the region. The fastest growth in demand for waste heat recovery systems is predicted to be created by the APAC region in the near future because of the expansion of the cement industry.

The agriculture industry is of great importance, and there is a pressing need for increasing productivity and efficiency in agricultural fields for catering to the need of the swiftly growing population across the globe. Governments across the globe are focusing on creating awareness among farmers, by launching several initiatives, about advanced technologies, including crop protection materials. These materials aids in keeping insects and pests away, in turn, enhancing crop yield. In addition to this, heavy investments are being made in research & development for the introduction of innovative solutions which can help increase productivity of fields.

It is due to all these factors that the demand for seed treatment in the agriculture industry is growing rapidly. Seed treatment refers to the application of products, biological organisms, and chemical ingredients to seed for controlling, supressing, or repelling plant insects, pathogens, and other pests. The utilization of seed treatment technologies is highly effective and provides the essential protection of seeds for a healthy and strong start. Seed treatments is selected after the assessment of the farm land, which ensures that the plant is protected from diseases and insects that are present in the soil during the early stages of development.

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Attributed to all these advantages, the global seed treatment market is expected to progress at a considerable pace in the coming years. Crops including pulses, wheat, mustard, and groundnut crops are susceptible to various soil and seed borne diseases throughout the different stages of growth. These diseases have a negative effect of germinations and result in reduction in the yield, further causing loss to farmers. Because of this, farmers are increasingly making use of seed treatment technologies in order to protect their crop. Different application methods of seed treatment are pelleting, dressing, and coating. In the coming years, the demand for dressing application method is projected to increase significantly.

This is ascribed to the low cost of this method. Under this process, seeds are either wet-treated with liquid or slurry formulation or dressed with a dry formulation in an earthen pot. Seeds are then spread on a polyethylene sheet and chemical is sprinkled on them. Geographically, the Asia-Pacific (APAC) region is predicted to emerge as a major seed treatment market in the near future. This is primarily owing to the fact that the region has several agriculture-based economies, such as China, India, and various other Southeast Asian Countries. In addition to this, the population in India and China is growing rapidly, because of which, the requirement for increasing productivity on agricultural fields is pressing.

In conclusion, the demand for seed treatment technologies is rising all across the globe due to the surging population and growing need for increasing efficiency in the agricultural sector.

As the disposable income of people is rising across the globe, the sale of vehicles is increasing as well. It would have been hard to imagine a few years backs that vehicles could be owned by people belonging to lower classes as well. However, vehicles are becoming cheaper, thanks to technological advancements in the automotive industry, and therefore, the consumer base for vehicles is not limited to the elite class anymore. In addition to this, people who are not able to afford brand new vehicles always the option of buying second-hand vehicles, which are cheap and often in good enough condition to function properly.

It is because of these factors that the demand for automotive refinish coatings is growing. These coating provide an aesthetic appeal to vehicles, along with protecting them against different weather conditions and corrosion. Furthermore, automotive refinish coatings can also provide a whole new look to a used vehicle, thereby making it nearly as good as a new vehicle. These coatings are also utilized for vehicle maintenance and repair. Owing to this, the global automotive refinish coatings market is projected to generate a revenue of over $11,099.7 million by 2023, rising from $7,855.3 million in 2016, witnessing a 5.1% CAGR during the forecast period (2017–2023).

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Automotive refinish coatings are of three types in terms of technology, namely ultraviolet-cured, solvent-borne, and water-borne. While the demand for solvent-borne coatings was the highest in the past, owing to advantages such as flexibility to be used with other solvents, durability, and high gloss, the demand for water-borne coatings is predicted to increase significantly in the years to come. Water-borne coatings make use of water as carrier, instead of solvents, which makes coatings less flammable. Moreover, the growing focus of regulatory authorities on decreasing hazardous air pollutants and volatile organic compounds is also leading to the growing adoption of water-borne technologies.

Geographically, Asia-Pacific has been the largest automotive refinish coatings market in the past and is further expected to retain its position in the global domain during the forecast period. This can be ascribed to the surging demand for passenger cars, commercial vehicles, and two-wheelers in developing countries, including India and China. Additionally, the commercial fleet in the region is growing on account of the rising disposable income of people and increasing logistics demand.

The automotive industry is growing rapidly across the globe, which can be ascribed to technological advancements, emergence of connected, autonomous, and electric cars in the market, and growing affordability of vehicles. The manufacturing of vehicles needs a lot of individual parts, which further need to carry a specific part number in order to eradicate flaws in the manufacturing process. Automobile manufacturers are increasingly making use of coding and marking systems for printing the number on different parts. Therefore, the demand for these systems is increasing because of the rising sales of vehicles.

Coding and marking systems are utilized for printing product related details, such as batch number, ingredients, manufacturer information, price, and manufacturing and expiry date, on the packaging of different kinds of products. This labelling and coding of products allows their tracking and identification through various production process phases. According to a report by P&S Intelligence, the global coding and marking systems market generated $3,358.0 million in 2017 and is expected to progress at a 6.9% CAGR during the forecast period (2018–2023). Different coding and marking technologies are laser coding and marking, including laser coding and direct park marking, continuous inkjet, print & apply lecture, thermal transfer overprinting, drop on demand, and thermal ink jet.

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Other than the automotive industry, food & beverage, healthcare, aerospace, chemical, and electrical & electronics industries also make use of coding and marking systems. Textiles, consumer packaged goods, and cosmetics and personal care products are some other end users of these devices. Among all these, the food & beverages industry made the most use of coding and marking systems in the past, which can majorly be attributed to the strict government regulations related to product safety and traceability. Because of this, industries need to label nutrition facts, manufacturer details, ingredients list, and manufacturing data on secondary and primary packages of beverage and food items. 

Because of growing usage of coding and marking systems in the food and beverages industry, rising export of packaged food items, and stringent regulatory norms, the Asia-Pacific region emerged as the largest coding and marking systems market in the past. This being said, the demand for these systems is also expected to rise in the European region in the coming years, which is due to the increasing access to low cost coding and marking technology.

Due to the soaring commercialization and industrialization, there has been a huge rise in plastic consumption and production of plastic waste all over the world, which has in turn, led to a massive increase in air, marine, and land pollution levels throughout the world. Due to these factors, the governments of several countries are increasingly implementing various measures and regulations for promoting the recycling of plastic waste and this is one of the major factors fuelling the rising adoption of plastic recycling methods across the world.

The blanket ban imposed by the Chinese government in December 2017 on the import of as much as 24 types of waste materials is one of the biggest examples of the strict measures adopted by the governments of several countries for reducing the production of plastic waste. The ban imposed by the Chinese government includes the plastic waste produced by non-industrial processes and has affected almost 5.1 million metric tonnes of plastic waste. Similarly, the European Union (EU) introduced its European Strategy for Plastics in 2018 for promoting the usage of recyclable plastics by the packaging industry by 2030.

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Driven by the above-mentioned factors, the value of the global plastic recycling market is predicted to rise from $41,238.8 million to over $64,139.7 million from 2018 to 2024. The market is expected to exhibit a CAGR of 8.6% during the forecast period (2019—2024). Plastic recycling processes are widely adopted in food and beverage, automotive, construction, and household and personal care industries. Amongst these, the food and beverage industry recorded the highest production of plastic wastes for the production of recycled plastics.

In the food and beverage industry, plastics are extensively used in various applications such as preservation, transportation, and packaging and also for maintaining the appearance of the processed foods and beverages. These plastics are usually disposed by the consumers after use and later used as feedstocks in the plastic recycling industry. Moreover, the surging number of initiatives and policies being enacted by the governments of various countries such as making huge improvements in the packaging designs in order to improve the recyclability of the plastics and eco-modulation of packaging fees are promoting the adoption of plastic recycling methods.

Across the globe, the plastic recycling market is predicted to register the fastest growth in Europe during the forecast period. This is primarily attributed to the numerous initiatives and policies being implemented by the governments of various European countries for the improvement of the domestic recycling centers and facilities. In addition to this, the integration of recycled plastic products across the packaging supply chain in order to meet the environment and manufacturing sustainability targets set by the regulatory bodies and governments are further pushing the adoption of plastic recycling processes in the region.

Hence, it can be concluded that the demand for plastic recycling will escalate tremendously all over the globe in the upcoming years, because of the increasing pollution levels caused by the large-scale production of plastic wastes across the world.

The increasing construction activities and infrastructural development projects, on account of the soaring population and urbanization, is one of the major factors fuelling the rise in the demand for decorative coatings across the world. For instance, according to the United Nations Department of Economic and Social Affairs, the current global population is predicted to rise to 8.6 billion by 2030, 9.8 billion by 2050, and 11.2 billion by 2100, registering an increase of almost 83 million people every year. This will consequently propel the infrastructural development activities, which will, in turn, boost the need for decorative coatings across the globe.

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The other major factor pushing the demand for decorative coatings is the increasing disposable income of the people in several countries. The increasing per capita income of people increases their spending power, which in turn, enhances their ability to go for renovation work or various construction activities for infrastructural development, thereby fuelling the growing demand for decorative coatings. Due to these factors, the global decorative coating market is expected to register huge growth over the next few years.

Decorative coatings are basically defined as the paints applied on both interior and exterior surfaces in order to enhance the aesthetic appeal of the building and also, to provide a protective layer that guards the building surface against fading, blistering, ultraviolet (UV) radiation, moisture, corrosion, chalking, peeling, and bacteria. They are widely used in construction activities on account of their anti-graffiti, anti-microbial, anti-slip, fire-resistant, and urine-repellant characteristics.

The consumption of tobacco-based products is growing rapidly across the globe, a major cause for which is the surging work pressure. As per the World Health Organization (WHO), in 2018, about 1.337 billion people, among which 43 million were in the age group of 13–15 years, consumed tobacco, primarily as a measure for dealing with their physical and social environment, deteriorating mental health, personal views, and peer pressure. Tobacco contains nicotine, a psychoactive mood-altering chemical, which stimulates the release of dopamine in the brain, thereby creating a relaxed and pleasurable sensation and helping in relieving stress.

It is because of this growing consumption of tobacco across the globe that the demand for tobacco packaging is increasing. Different kinds of materials are utilized for packing dried tobacco leaves and other tobacco containing products for maintaining their aroma and quality and protecting them from natural degradation. According to a report by P&S Intelligence, the global tobacco packaging market attained a value of $19,134.6 million in 2019 and is predicted to advance at a 3.7% CAGR during the forecast period (2020–2030). Metals, paper, plastics, and wood are the major material types that are utilized for packaging loose tobacco.

Out of these, the demand for paper was the highest in the past and the situation is expected to remain the same during the forecast period as well. Paper is the most common preference for packing cigarettes, which is further the most extensively used tobacco products across the globe. As per the WHO, 1 billion people consumed approximately 6 trillion cigarettes that were manufactured in 2019. In addition to this, paper and paperboard materials are eco-friendly in nature, which increased their utilization for packaging tobacco. Other than this, the demand for plastics is also projected to rise considerably in the near future.

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This is owing to the wide and easy availability of plastic packaging materials/containers. These products are further available in different sizes and shapes. Plastic materials are further low in weight and can be transported with ease, which is also resulting in their increasing adoption. Primary and secondary are the two packaging types, between which, the demand for secondary packaging has been higher up till now. Secondary packaging acts as a barrier against different environmental factors, including aroma dissipation and moisture. This packaging, in the form of corrugated boxes, cartons, and trays, is utilized for holding the individual units together when they are being transported to consumer or point of sale.

Other than this, the demand for primary packaging is also expected to increase in the years to come, which can be ascribed to the fact that this kind of packaging can be removed easily by people. Moreover, the attractive appearance and high utility of primary packaging is also predicted to lead to their growing adoption. Geographically, Asia-Pacific is the largest tobacco packaging market due to the increased consumption and production of tobacco in China and rising disposable income of people in the region.

Hence, the demand for tobacco packaging is growing due to the surging consumption of tobacco-based products for dealing with increasing stress levels.

The increasing utilization of clear brine fluids in the oil and gas drilling applications is a major factor fuelling the rising requirement of bromine throughout the world. This is ascribed to the ability of the clear brine fluids to significantly decrease the temperature in the well bores and the bottom-hole pressure. Additionally, the brines provide faster shale penetration rates, lesser fill and formation damage and fine-hole gauge, and exhibit enhanced wellbore stability in the salt, which make them highly sought after in oil and gas drilling activities.

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The other major factor responsible for the growing usage of brine fluids in the oil and gas drilling activities is the ability of these fluids to reduce the initial cost of establishing the casing for the mud for the drilling of oil and gas. Additionally, the utilization of polymer-based flame retardants is increasing rapidly across the globe, owing to its eco-friendly characteristics. Furthermore, the bromine compounds play a major role in reducing the emission of mercury, which is tremendously boosting the demand for bromine all over the world.

Powered by the above-mentioned factors, the global bromine market attained a valuation of $1,864.3 million in 2019. The market is also expected to demonstrate a CAGR of 5.7% during the forecast period (2020—2030). Bromine is widely used in various applications such as flame retardants, clear brine fluids, water treatment, and pharmaceuticals. Amongst these, the usage of bromine was found to be the highest in flame retardants in 2019, on account of the fact that the different compounds of bromine such as ethyl bromide, allyl bromide, vinyl bromide, and ammonium bromide are extensively used in fire extinguishers and retardants.

Amongst all the other regions, the Asia-Pacific (APAC) region is expected to observe the highest usage of bromine during the forecast period, which will in turn, massively boost the growth of the bromine market in the APAC region in the coming years. This is mainly ascribed to the increasing sales of electronic and plastic products and growing requirement of insulation, in which the bromine-based flame retardants are heavily used, in the region, owing to the surging disposable income of people and soaring urban population in various APAC countries such as Thailand, Japan, South Korea, and China.

The demand for paints and adhesives across the globe is growing rapidly, which can be ascribed to the rising disposable income of people and increasing construction activities. Because of economic growth, the construction industry in several countries is registering growth, and as the industry is a major consumer of paints and adhesives, their demand is growing as well. In addition to this, due to rapid economic growth, particularly in emerging economies, people are now able to spend more on renovation of their houses. Paints and coating are widely utilized for increasing the aesthetic appeal of building and providing them protection against different weather conditions.

A major chemical utilized in the formulation of paints and adhesives is methylene chloride. Also known as dichloromethane, methylene chloride is a colorless liquid that evaporates easily, has a mild sweet odor, and does not burn with ease. It is utilized extensively as a paint stripper and an industrial solvent. The compound does not occur in the environment naturally and is obtained from wood alcohol or methane gas. According to a report by P&S Intelligence, the global methylene chloride market would generate a revenue of $2,485.5 million by 2023, increasing from $1,818.3 million in 2017, and is predicted to advance at a 5.4% CAGR during the forecast period (2018–2023).

The major applications of methylene chloride are chemical & foam manufacturing, pharmaceuticals, metal cleaning, food & beverages, and paints & varnishes. Among all these, the demand for methylene chloride was the highest for chemical and foam manufacturing applications in the past and the situation is expected to remain the same in the coming years as well. The chemical is utilized in the industry because of its extensive usage in specialty chemical formulations and superior blowing performance. In addition to this, methylene chloride is also utilized as a solvent in the chemical & material industry.

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Geographically, the Asia-Pacific (APAC) region emerged as the largest methylene chloride market in the past, which is primarily ascribed to the surging production of the chemical in the region, rapidly growing population, and increasing infrastructural activities. In APAC, China and India are among the major consumer of the chemical. Furthermore, companies in the domain from across the globe are shifting their production bases to the APAC region, owing to the strict environmental regulations and rules laid down by the governments of various countries, primarily those in the European region, banning the utilization of methylene chloride in paint stripper applications.

In conclusion, the demand for methylene chloride is being driven by the surging utilization of paints and adhesives in the construction industry.

The demand for purified terephthalic acid (PTA) is growing at a rapid pace. PTA is utilized widely in the production process of polyester, including polyethylene terephthalate bottle resins, polyester fiber, and polyester film. The demand for polyester fiber in countries such as India and China is high, as it is utilized in the production of fabrics for home furnishing and apparel. The growth of the textile industry, owing to the rising disposable income and expansion of the e-commerce industry is also driving the demand for polyester fiber across the globe.

Other than this, PET bottles are used extensively by the food and beverages industry in storage applications for different products, such as sports drinks, soft drinks, fruit juices, dressings, oils, and sauces. All these factors are resulting in the growing demand for PTA, which, in turn, is driving the requirement for acetyls around the globe. Acetyls are a group of chemicals that are utilized as intermediates for a number of applications, such as solvents in water-based paints and adhesives. It is because of these factors that the global acetyls market is projected to progress at a significant rate in the coming years.

These organic compounds consist of methyl group that is reacted with a carbonyl by having a single bond. The chemical process of formulating acetyl group into a molecule is referred to as acetylation. Acetyls are present in acetylcholine, acetylsalicylic acid, acetylcysteine, acetaminophen, and acetic acid. Different product types of acetyls are acetic anhydride, acetic acid, ethyl acetate, and vinyl acetate monomer. Out of all these, the demand for acetic acid was the highest in the past and the situation is predicted to remain the same in the near future as well.

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Acetic acid is an important ingredient for the manufacturing of a number of chemicals, when are then utilized in end-use industries such as food & beverages, textiles, inks, and synthetic fibers. Apart from this, the demand for vinyl acetate monomer (VAM) is also expected to increase considerably in the near future, since it is used as an intermediate in the manufacturing of various homopolymers and copolymers, such as polyvinyl acetate, ethylene vinyl alcohol, and polyvinyl acetate. These products are then utilized in several industries, namely paints & coatings, paper and packaging, and textiles. In addition to this, VAM is also utilized in the manufacturing of adhesives.

When geography is taken into consideration, the Asia-Pacific (APAC) region emerged as the largest acetyls market in the past. This can be majorly attributed to the growth of several industries, such as construction, packaging, and furniture, in countries including China and India. In the region, China is the major consumer of acetyls, the reasons for which are rising demand from the paints & coatings industry, expansion of the textile industry, and increasing demand for adhesives in construction and furniture industries in the country.

Hence, the demand for acetyls is growing due to their wide consumption in the formulation of PTA and growth of the end-use industries.