The most important growth drivers for the worldwide lubricants market are the increasing demand for such products from the automotive industry and rising awareness of people about the benefits of lubricating machines. P&S Intelligence says that due to these two reasons, the sale of lubricants will garner revenue of $115,350.6 million by 2030, increasing from $95,403.9 million in 2019 at a 2.3% CAGR during 2020–2030 (forecast period). The main job of lubricants is to prevent frequent wear and tear of machinery, by reducing the friction between the parts in contact.

The industry is categorized into synthetic oil, mineral oil, and bio-based oil, under segmentation by base oil. Among these, the mineral oil category dominated the lubricants market during the historical period (2014–2019). This is ascribed to the high demand for mineral-oil-based lubricants from manufacturing facilities, as they are easily available and also cost less than other variants. In addition, more people know about these lubricants compared to bio-based and synthetic-oil-based alternatives.

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One of the key trends in the industry is the adoption of bio-based lubricants, as people are taking efforts to increase the efficiency of their vehicles, at the same time, reducing the harmful effects of conventional lubricants on the environment. To manufacture bio-based lubricants, esters are produced by reacting fatty acids with synthetic alcohols. North America has been the largest consumer of bio-based lubes, majorly owing to the implementation of the Farm Security and Rural Investment Act (FSRIA), which has allowed for the marketing of such products.

Asia-Pacific (APAC) is the largest lubricants market currently, due to the increasing number of manufacturing plants in China and India, which offer low labor and raw material costs, along with less-strict environmental regulations than Europe and North America. During the forecast period, the Middle East and Africa (MEA) will observe the fastest advance in the industry, as it has some of the largest oil reserves on earth, which makes for cost-effective lubricant production. Further, countries in the region are setting up production facilities to diversify their economy, thus driving the lubricant demand.

Therefore, as automotive sales and the industrialization rate increase, so will the consumption of lubricants around the globe.

 Due to the booming population in several countries, the demand for energy is soaring. This is, in turn, pushing up the requirement for consistent power production and transportation. Moreover, the rising energy requirements are causing rapid advancements and innovations in the systems used for producing, processing, and transporting energy. As control valves are heavily used in power plants for managing the flow of steam and water, the growing energy demand is positively impacting the sales of control valves.

Control valves are also used for keeping the energy demand-supply gap very narrow in order to prevent frequent power outages and load shedding. Furthermore, the discovery of several fossil fuel reserves in various Asia-Pacific (APAC) countries such as Thailand and China, on account of advancements in exploration and production (E&P) methods and technologies, is predicted to create lucrative growth opportunities for the companies producing control valves in the future years.

Additionally, the surge in E&P activities will boost the demand for control valves in the coming years. Because of these factors, the sales of control valves would climb in the forthcoming years, which would, in turn, cause the expansion of the global control valves market. According to the forecast of P&S Intelligence, a market research firm based in India, the market would grow, in valuation, from $11,137.0 million to more than $16,057.5 million from 2017 to 2023.

Globally, the control valves market is presently the most lucrative in Asia-Pacific (APAC) and North America. This is because of the widespread usage of these valves in various industries for maintaining the flow rates of fluids and production. In addition to this, the discovery of oil and gas fields and the huge investments made in the oil and gas industry are fueling the demand for control valves in these regions.

Hence, it can be said without any hesitation that the sales of control valves would shoot-up around the world in the forthcoming years, primarily because of their growing requirement in the power sector and oil and gas industry and their rising usage in the pharmaceuticals industry.

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The increasing environmental degradation being caused due to the large-scale usage of conventional chemicals is making both governments and peoples of several countries switch to renewable chemicals in order to curb the rising emission levels. Moreover, the rising awareness among the masses about the harmful health and environmental effects of conventionally used chemicals is pushing up the requirement for renewable chemicals across the globe. Furthermore, many environmental regulatory bodies and governments are implementing stringent regulations for reducing the environmental damage.

The REACH regulation implemented by the European Commission is one such strict policy that aims to protect environmental and human health from the harmful effects of chemicals. These regulations encourage the usage of eco-friendly chemicals, instead of the traditional toxic ones, in industrial operations and thus, fuel the surge in the sales of these chemicals. Besides this, the abundant availability of feedstock at low prices is also positively impacting the global demand for renewable chemicals.

This is because these chemicals are produced from various renewable feedstock such as microorganisms, agricultural raw materials, and biomass. The ballooning popularity of these chemicals is causing the expansion of the global renewable chemicals market. Renewable chemicals are excellent alternatives to the petroleum-based chemicals. Platform chemicals, alcohols, ketones, organic acids, and biopolymers are the most commonly used types of renewable chemicals all over the world. These chemicals are used extensively in plastics, lubricants and surfactants, resins, and consumer goods.

However, in the future years, the industry would register the fastest growth in Asia-Pacific (APAC), as per the estimates of P&S Intelligence, a market research firm based in India. This would be a result of the rising requirement for eco-friendly and clean chemicals in industries and manufacturing plants in the regional countries. Additionally, the soaring environmental pollution, increasing emission of greenhouse gases, and the rapidly depleting reserves of fossil fuels are propelling the sales of renewable chemicals in the region. 

Hence, it can be said with full confidence that the sales of renewable chemicals would surge all over the world in the forthcoming years, primarily because of the growing requirement for eco-friendly chemicals and the increasing implementation of strict environmental policies and regulations by the governments of various countries around the world.

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Pyrethrin is extracted from the chrysanthemum flower, which is a plant native to Asia, Eastern Africa, and Northeastern Europe. In today’s age, this plant is grown all over the world. In North America, this plant is known as a decorative autumn flower called mum. These plants use pyrethrin as a natural defense mechanism that helps them to protect themselves against various pest animals and insects. The insect and pest killing characteristics of pyrethrin make the compound extremely beneficial in the agriculture sector.

“Pyrethrin is commonly used as an insecticide for protecting crops from insects, mites, thrips, and moths”. “This compound is also used in pet shampoos for preventing tick bites in pet animals”. In addition to this, the compound has the ability to serve as an effective pest killing chemical and is therefore, widely used in the agriculture sector. Furthermore, the increasing awareness amongst people about the various diseases caused by insects is making pyrethrin highly sought after across the world. 

Besides the aforementioned factors, “the high prevalence of diseases such as yellow fever, dengue, and chikungunya, especially in the developing nations such as India, China, Thailand, and Brazil is also boosting the demand for pyrethrins”. The burgeoning requirement of insecticides in the household sector is a major factor responsible for the soaring sales of pyrethrin-based materials and sprays all over the world. Furthermore, the non-toxic nature of the compound makes it more popular over the conventionally used organochlorine pesticides, which are highly toxic and cause severe health and environmental damage. 

Due to the above-mentioned factors, “the global pyrethrin market will register huge growth in the future years”, as per the estimates of the market research company, P&S Intelligence. Apart from being used as insecticides in the agriculture and household sectors, pyrethrins are also extensively used in the industrial and animal healthcare sectors. Amongst these, the usage of pyrethrins will be very high in the agriculture sector in the coming years. This is because of the heavy utilization of the chemical for pest control. Furthermore, the demand for household insecticides is expected to rise significantly in the upcoming years.

“In near future, the pyrethrin market is predicted to exhibit huge expansion in the North American and Asia-Pacific (APAC) regions”. This is ascribed to the increasing health concerns in various North American nations such as Canada and the U.S. and the subsequent surge in the requirement of insecticides in the household sector in these countries. On the other hand, in the APAC region, the insecticides are being increasingly used in the agriculture sector in various agriculture-based countries such as India and China. 

Hence, it can be said without any hesitation that the demand for pyrethrin will increase tremendously across the world over the next several years, primarily because of its large-scale usage as an insecticide and pesticide in the agriculture and household sectors.

 The rapid growth of the automotive industry across the globe in recent times has fueled the surge in the demand for metal finishing equipment. According to industry experts, there has been a considerable rise in passenger car sales and other automobiles in the developing nations such as China, India, Indonesia, and Mexico during the last few years. China observed sales of nearly 29.2 million automobiles in 2017, which made the country the world’s biggest market for motor vehicles.

Besides the flourishing automotive industry, the surging aerospace industry is also positively impacting the sales of metal finishing equipment across the world. As quality is one of the most essential requirements in aircraft production, the companies operating in this industry heavily use metal finishing processes for ensuring the quality of the aircraft parts and components. This way the aerospace industry is boosting the demand for metal finishing equipment all over the world. 

In recent times, the metal finishing processes have witnessed several technological advancements and innovations, which have massively reduced the operational costs and made these processes eco-friendlier. Technologies such as laser cladding technique and hot-dip galvanization have improved the resistance of metal components to corrosion, wear and tear, and tarnish. In addition to this, the growth of the manufacturing sector in various developing countries such as India and China is further boosting the demand for metal finishing equipment. 

Hence, with the growing sales of metal finishing equipment, the global metal finishing equipment market will exhibit substantial growth in the future years, as per the forecast of P&S Intelligence, a market research company based in India. These materials are used for performing metal finishing tasks for different metal parts and components. In a metal finishing process, a metal coating is applied over a metallic substrate/part. It also involves the cleaning and polishing of the surface.

This process improves the appearance, corrosion resistance, chemical resistance, hardness, and wear resistance and modifies the conductivity of the metal part or substrate. Hybrid, organic, and inorganic are the most commonly used types of metal finishing equipment. The usage of the inorganic metal finishing equipment was found to be significantly high in the past years, on account of their extensive utilization in the aerospace and automotive industries. Aerospace plating is done over aircraft components for protecting the critical aerospace components.

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On the other hand, in the automotive industry, the manufacturing companies adopt the metal finishing process for protecting the different vehicle parts and components from wear and tear and corrosion, which are mainly caused because of the regular and prolonged usage of automobiles and climatic conditions. Speaking of inorganic metal finishing equipment, galvanization, anodizing, vibratory/mass, conversion coating, electropolishing, electroplating, cladding, and electroless plating are the main materials used throughout the world. 

Thus, it can be safely concluded from the above paragraphs that the sales of metal finishing equipment would skyrocket all over the world in the upcoming years, primarily because of their growing requirement in the aerospace and automotive industries.

 The growing prevalence of diseases caused by microorganisms is becoming a major issue for the healthcare sectors of many countries around the world. Moreover, due to the increasing microbial resistance against metal ions and antibiotics and the development of various resistant strains, many coating manufacturers are looking for alternatives to the conventionally used coatings. In addition to this, the rising usage of indoor air quality items is boosting the worldwide demand for antimicrobial coatings.

Nowadays, many companies are following the standards defined by various environment care organizations such as the Environmental Protection Agency (EPA) for developing new coatings having different formulations such as anti-odor and antibacterial properties. Antimicrobial coatings are basically used for protecting surfaces and products from various microorganisms such as fungi, germs, parasites, and bacteria. The presence of an antimicrobial agent in these coatings prevents the growing of microorganisms on surfaces. They are usually applied on door handles, walls, vents, and counters.

Besides the aforementioned surfaces, these coatings are also applied on masks, carpeting, textiles, and gloves. With the rising public awareness of various diseases caused by microorganisms, the sales of antimicrobial coatings are ballooning rapidly all over the world. Apart from this, the growing usage of these coatings in plastic packaging is also pushing up the worldwide sales of these materials. This is, in turn, driving the advancement of the global antimicrobial coatings market. 

Copper and silver the major products used in antimicrobial coatings. Between the two, the usage of silver is considerably higher in these coatings in the present time, as per the observations of the market research company, P&S Intelligence. This is because of the high requirement for inorganic silver antimicrobial coating systems based on colloidal silver, silver salts, ion exchange resins or silver zeolite, nanosilver, and complex glasses comprising metal ions in the healthcare domain. 

Medical, buildings and construction, indoor air quality, textiles, cosmetics and personal care, agricultural products, mold remediation, and food and beverages are the major application areas of antimicrobial coatings. Amongst these, the utilization of these coatings is presently the highest in indoor air quality applications and this trend is likely to continue in the coming years as well. This is because of the fact that one of the leading causes of diseases in humans is the bad quality of indoor air. 

These coatings are also being extensively used in the healthcare domain in various medical devices, trays, catheters, and medical electronics. Moreover, the requirement for these coatings is rising rapidly, especially in the European and North American countries, on account of the increasing awareness among the masses about these coatings. Furthermore, the rising focus of the governments of many countries toward reducing the incidence of hospital acquired infections is also propelling the demand for antimicrobial coatings.

Hence, it can be said with certainty that the sales of antimicrobial coatings will surge throughout the world in the future years, due to the growing prevalence of hospital acquired infections and diseases caused because of bad quality of indoor air and microorganisms.

People nowadays are increasingly making use of cosmetic products, as the focus on physical appearance has risen significantly. The surging usage of social media platforms and increased standard of living is further contributing to the rising consciousness regarding physical appearance. Moreover, due to improved economic conditions, the disposable income of people has increased significantly, owing to which, they are able to afford pharmaceutical and cosmetic products. This expansion of the cosmetic industry is also resulting in the growing demand for raw materials that are used in the industry.

 The Indonesian coding and marking systems market generated $27.4 million revenue in 2017 and is expected to attain $48.7 million by 2023, registering a 10.1% CAGR during the forecast period(2018–2023). The market is growing due to the increasing requirement for coding technologies in the tobacco packaging and building & construction industry, rising demand for microelectronic components in the electronics industry, and growing use of coding and marking systems in the food & beverage and pharmaceutical industries. Coding and marking systems provide information related to the product on its packaging.  

A major driver of the Indonesian coding and marking systems market is the increasing utilization of coding technologies in the construction and building industry. The construction industry in Indonesia is growing rapidly, due to which the requirement for coding and marking systems for printing graphics, company logos, barcodes, batch numbers, and other informative text on construction and building materials, such as wood, cement, and metals, is also increasing. Moreover, labeling on metal components, wood materials, and cement bags helps building material manufacturers in tracing such items throughout the supply chain.

 The population across the globe has been increasing at a rapid pace since the past few years. As per the United Nations Department of Economics and Social Affairs, the worldwide population is predicted to reach 9.8 billion by 2050. This surging population is further projected to create increasing requirement for food, owing to which there is pressing need for enhancing the productivity of agricultural fields. Since the arable area has also reduced now because of urbanizations and industrialization, the existing fields need to be highly efficient.

Therefore, farmers these days are making use of products, including agricultural micronutrients, which can help enhance the productivity of fields. Plants utilized micronutrients in small quantities, and their unavailability can lead to reduced growth, plant abnormalities, and lower yield. In case plants are provided with adequate micronutrients, increased amount of water and nitrogen, which is also highly costly, maybe be wasted later on. It is because of such that the global agricultural micronutrients market is expected to advance at a significant pace in the years to come.  

The extensive usage of adhesive tapes in packaging applications in various industries such as e-commerce and electrical and electronics is causing a sharp surge in their sales all over the globe. Moreover, with the advancement of the e-commerce industry, on account of the rising penetration of the internet and the growing popularity of online shopping, the demand for adhesive tapes would rise, which would, in turn, cause the expansion of the global adhesive tapes market in the future.

Apart from being used the e-commerce and electrical and electronic industries, adhesive tapes are also widely required in the automotive industry. These tapes are used in the automotive industry in the form of protection tapes and double-sized tapes. Automakers are increasingly replacing the traditionally used mechanical fasteners such as screws and bolts with adhesive tapes because of the growing requirement for lightweight vehicles. The usage of lightweight adhesive solutions in place of fasteners significantly reduces the weight of the vehicle.

When type is taken into consideration, the adhesive tapes market is categorized into specialty and commodity tapes. According to the market research company, P&S Intelligence, the specialty tapes category will demonstrate rapid expansion in the market in the forthcoming years. This will be because of the large-scale usage of specialty adhesive tapes in various thriving industries such as electrical and electronics, construction and building, automotive, and healthcare all over the world.

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The adhesive tapes market is also classified, on the basis of technology, into solvent-based, hot-melt-based, and water-based technologies. Out of these, the water-based adhesive technology category recorded sharp surge in the market, in terms of volume, in the past. This was because of the high demand for eco-friendly water-based adhesives and the presence of favorable regulations in several countries around the world. Furthermore, this category is predicted to demonstrate rapid progress in the market in the upcoming years.

Packaging, healthcare, consumer and office, electrical and electronics, automotive, and building and construction are the main categories present under the end use segment of the market. Amongst these, the packaging category recorded huge volumetric growth in the market in the years gone by. The large-scale utilization of adhesive tapes in several industries was the main factor responsible for the surge of the category in the market during the past few years.

Across the globe, the adhesive tapes market registered substantial growth in Asia-Pacific (APAC) in the past. This was primarily because of the rapid growth of many industries in the regional countries in the last few years. APAC countries such as India and China exhibited rapid economic progress over the past few years and this positively impacted the revenue growth of healthcare, automotive, and electrical and electronics industries. This, in turn, propelled the sales of adhesive tapes in the region.

Thus, it can be safely said that the market will flourish in the future years, on account of the advancement of the e-commerce industry and the rising popularity of online shopping and the growing usage of adhesive tapes in the automotive industry.