According to a report by P&S Intelligence, the global automotive OEM coatings market is expected to generate a revenue of over $13,661.4 million by 2024, rising from $10,997.4 million in 2018, and is predicted to advance at a 4.2% CAGR during the forecast period (2019–2024). These coatings are utilized for providing finishing to automobiles, and they also protect vehicles from extreme weather conditions, corrosion, ultraviolet (UV) exposure, and dust. These days, owing to technological advancements, manufacturers are developing advanced products, which are more efficient and effective. These developments are focused towards different benefits, including reduced emissions, greater functionality, less maintenance cost, and regulatory compliance.

However, the demand for water-borne automotive OEM coatings is predicted to increase considerably in the years to come, which is primarily due to the surging concerns regarding environmental deterioration. Solvent-borne coatings contain volatile organic compounds (VOC) that are extremely harmful for the environment. In addition to this, governments of different countries have implemented strict regulations regarding VOC emissions, due to which, the adoption of water-borne coatings is growing. Automotive OEM coatings are applied on plastic and metal parts. The demand for these coatings was higher for application on metal parts of vehicles, which can be attributed to the fact that most of the automotive parts and components are made of metal.

Geographically, the Asia-Pacific region has been the largest automotive OEM coatings market up till now, and it is further projected to be the major user of these products in the coming years as well. The major reason for this is the growing automotive production in countries including Indonesia, China, and India. Moreover, China has emerged as a major automotive industry across the globe and the increasing production of electric and lightweight vehicles in the country are driving the demand for automotive OEM coatings.

Hence, the increasing penetration of luxurious vehicles in developing countries is driving the requirement for automotive OEM coatings.    

The worldwide population has been rising at a swift pace since the past few years. As per the United Nations Department of Economic and Social Affairs, in 2017, the global population reached 7.6 billion and is projected to grow by 30.9% in the next 33 years, reaching 9.8 billion by 2050. Attributed to this, the demand for food products across the globe is also growing widely. Farmers are looking for ways to increase agricultural yield to cater to the needs of the growing population.

Owing to this, the global agricultural adjuvants market is predicted to reach a value of $5,485.1 million by 2030, increasing from $3,106.7 million in 2019, progressing at a 5.5% CAGR during the forecast period (2020–2030). Agricultural adjuvants enhance the efficiency of fungicides, insecticides, and herbicides, and further aid in removing unwanted pests and preventing plan diseases. These products are important for increasing the productivity on agricultural fields.

These days, the demand for eco-friendly agricultural adjuvants has also been growing owing to the surging concerns regarding the deteriorating condition of the environment. Traditionally derived adjuvants are derived from sources that cause harm to the environment. The phytotoxic nature of agrochemicals is a also a potential threats to the food chain, which is why manufacturers are now focusing on developing environment-friendly adjuvants. This is predicted to result in the growth of the market in the years to come.

The global bromine market generated a revenue of $1,864.3 million in 2019 and will progress at a CAGR of 5.7% between 2020 and 2030, as per the forecast of P&S Intelligence, a market research firm based in India. The main factors driving the progress of the market are the ballooning utilization of bromine compounds for reducing mercury emissions, increasing usage of clear brine fluids in oil and gas drilling activities, and the growing adoption of environment-friendly polymeric flame retardants.

The usage of clear brine fluids in oil and gas drilling is a key growth driver of the bromine market. The main reason behind the surging utilization of these fluids in oil and gas drilling is their ability to significantly reduce the bottom-hole pressure and temperature in the well bores. After taking into consideration the densities, temperature/pressure freeze points, clarity, and the freeze points, several kinds of soluble salts, in a specific concentration, are added to the clear brine fluids.

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Compared to other drilling fluids, the brines exhibit higher wellbore stability in the salt, less fine-hole gauge, formation, and fill damage, and quick shale penetration rates. Furthermore, the usage of brine considerably reduces the initial setting up cost of the casing for the mud. Based on derivative, the bromine market is classified into bromide salts, hydrogen bromide, and organobromide. Out of these, the bromide salt category will register the fastest growth in the market in the coming years.

Geographically, the APAC bromine market will be the most prosperous one in the forthcoming years. This would be a result of the mushrooming requirement for electronic products and plastic and insulation, in which the bromine-based flame retardants are heavily used, in the region on account of the soaring urban population and the increasing disposable income of the people living in the regional countries such as China, India, South Korea, Thailand, and Japan.

Thus, it can be safely concluded that the market will surge, especially in the Asia-Pacific region, in the upcoming years, mainly because of the rising usage of bromine in oil and gas drilling activities and their growing requirement in flame retardants, pharmaceuticals, plastics, and electronic products.

Barring the poorest of the poor, almost everyone has a smartphone nowadays, or even a conventional mobile phone. According to the State of Mobile Internet Connectivity Report 2019 published by GSMA, the earth was home to 3.5 billion smartphone users in 2019, with the total smartphone penetration standing at 45% for the year. One of the major reasons behind the high popularity of these devices, apart from the innumerable features they offer, is that they do not need a constant power supply, thanks to their battery.

As most of the consumer electronics use lithium-ion batteries, the global lithium-ion battery market size will grow from $33,720.8 million in 2018 to $106,493.0 million by 2024, at a 21.8% CAGR between 2019 and 2024, with the increasing sale of such products, says P&S Intelligence. In such batteries, lithium is contained in the cathode (positive terminal) and electrolyte (the liquid that allows for the ion exchange during the charge and discharge cycles).

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Among the major growth drivers for the lithium-ion battery market is the burgeoning sales of EVs around the world. As per the Global EV Outlook report of the International Energy Agency (IEA), 2.1 million EVs were sold in 2019, registering a humongous 40% increase from 2018, which itself had witnessed record sales. As EVs, especially battery electric vehicles (BEVs), do not cause any operational carbon emission, their adoption is being encouraged by countries around the world, on account of the rapid degradation of the environment.

Presently, Asia-Pacific (APAC) dominates the lithium-ion battery market, on account of numerous companies in the region offering these products. Additionally, China, South Korea, and Japan, which are the largest EV markets on earth, are also among the largest buyers of consumer electronics, along with India. In all these countries, the government, at the national and state levels, is offering strong support to EV buyers and manufacturers, which would lead to an even higher demand for these batteries in the future. This is why APAC will also observe the fastest industry growth during the forecast period.

Hence, as the demand for consumer electronics and EVs rises, their manufacturers would buy an increasing number of Li-ion batteries.

The global alumina market is projected to attain a value of $54,907.3 million by 2024, from $61,093.4 million in 2018, progressing at a 2.2% CAGR during the forecast period (2019–2024), according to a report by P&S Intelligence. The key factor leading to the growth of the market are the rising need for high-specialty alumina in refractories and innovation aimed at enhancing substrates employed in end-use industries. On the basis of type, the market is categorized into fused, metallurgical, reactive, calcined, tabular, and others.

Out of these, the metallurgical category held the major share of the market in the past because of the high-volume production of aluminum. The global production of aluminum increased to 60.1 million tonnes in 2017 from 52.2 million tonnes in 2013. The demand for metallurgical-grade alumina is majorly rising from the Asia-Pacific (APAC) region, thereby driving the growth of the region. The fused category is expected to witness the highest growth during the forecast period, due to its applications in abrasives for metal polishing.

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Geographically, the APAC region held the largest share of the alumina market in the past, accounting for 85,000 kilotons in 2018. The high alumina manufacturing capacity of India, China, and Indonesia is the major driving factor of the regional market. These three countries accounted for more than 58.0% share of the global alumina production in 2017, according to the data released by the British Geological Survey in its publication, World Mineral Production 2013–2017.

The expansion of the construction industry is a major factor leading to the growth of the alumina market. Macroeconomic growth in countries in APAC and Eastern Europe and rapid industrialization are the major factors leading to the growth of the construction sector. In addition to this, the requirement for high-quality products, including glass, specialty steel, and cement is on a rise. Countries including China, the U.S., India, the U.K., and Russia are predicted to create high volume demand for steel. This is predicted to drive the alumina industry. 

Hence, the growing construction industry and increasing production of alumina in APAC are driving the expansion of the market.

Developing across the globe are registering swift industrialization. While the surging number of industries are catering to the needs of the rapidly growing population, they are also discharging increasing amount of toxic pollutants in freshwater reserves. This is making freshwater unfit for consumption by humans. Ascribed to this, governments of various countries are focusing widely on enhancing the quality of water by implementing strict regulations. These regulations restrict the discharge of toxic chemicals into water bodies and ensure proper water treatment.

Owing to this, the global water treatment chemicals market is projected to generate a revenue of $85,341.8 million in 2030, rising from $48,938.1 million in 2019, progressing at a 5.2% CAGR during the forecast period (2020–2030). The surging population across the globe is also creating demand for clean and fresh water, and this demand cannot be fulfilled by the available amount of water. This is further generating demand for treated water. Water treatment chemicals are essential products that are used extensively in the water treatment industry.

The different types of water treatment chemicals are oxygen scavengers, coagulants and flocculants, oxidants, anti-foaming agents, PH adjusters & stabilizes, biocides & disinfectants, chelating agents, scale inhibitors, and corrosion inhibitors. Out of these, the demand for coagulants & flocculants is predicted to rise in the years to come, as they are widely used for lime softening, water purification, solids dewatering, solids removal, and sludge thickening.

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In addition to this, these chemicals are also needed for removing contaminants, including oil, heavy metals, and phosphate. With the increasing requirement for treating water, the utilization of coagulants and flocculants is projected to rise considerably in the years to come. the major end users of water treatment chemicals are construction, metal and mining, pulp and paper, municipal water treatment, oil & gas, food & beverages, chemical processing, and power generation.

Out of all these, the municipal water treatment industry is predicted to make the largest use of water treatment chemicals in the coming years. The surging worldwide population is leading to the rise in municipal waste, which is further driving the consumption of water treatment chemicals for municipal water treatment purposes. The key applications of water treatment chemicals are effluent water treatment, boiler, raw water treatment, cooling, and water desalination, out of which, the demand for these chemicals was the highest for the raw water treatment application in the past.

The Asia-Pacific region emerged as the major water treatment chemicals market in the past, and is likely to retain its dominance over the market in the years to come as well, because of the presence of a large industrial base and improving living standards of people in the region. In addition to this, the increasing need for high-quality water is also a major reason for the growth of the regional market. Within the region, Japan and China are the two key companies that are creating the need for water treatment chemicals.

In conclusion, the demand for water treatment chemicals is growing due to the surging population and the rising requirement for clean water across the globe.

The global corrugated boxes market attained a valuation of $180.9 billion in 2019 and is predicted to generate a revenue of $284.6 billion in 2030. Furthermore, the market is expected to progress at a CAGR of 4.3% between 2020 and 2030. The market is being driven by the increasing requirement for convenient and lightweight packaging solutions in multiple industries and the boom of the offline retail and e-commerce sectors around the world. 

A key factor propelling the advancement of the market is the surging packaging industry across the globe. As per Interpack Emerging Market Outlook, in 2015, the valuation of the global packaging industry was $839 billion. In 2019, the industry value grew to over $900 billion, due to the increased consumer requirement for manufactured products such as consumable goods like candies and television sets and smartphones. This has positively impacted the worldwide sales of corrugated boxes and other corrugated packaging materials.

This is because corrugated boxes are more widely preferred by packaging companies for shipping products over the conventionally used cardboard boxes, on account of the greater pressure-resistance and higher strength of these materials than the cardboard boxes. As a result, corrugated boxes and cartons are heavily used for transporting fragile and heavy products. According to industry experts, the packaging industry would flourish in the coming years, despite the COVID-19 pandemic.

Across the globe, the corrugated boxes market would exhibit the highest and fastest growth in Asia-Pacific (APAC) in the coming years, primarily because of the implementation of various government initiatives in the regional countries for supporting sustainable development and the easy availability of various raw materials required for the production of corrugated boxes. Besides these factors, the soaring industrial production in China is also fueling the demand for corrugated boxes in the region. 

Hence, it can be said with surety that the market would exhibit consistent growth across the world in the future years, mainly because of the rising requirement for corrugated boxes in several industries and the growth of the global packaging and e-commerce industries. 

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 The rising public awareness about the environmental damage being caused due to the large-scale usage of fossil fuel-based energy is pushing up the global demand for renewable energy sources such as hydrogen. Moreover, the governments of several countries such as Japan, China, and the U.S. are increasingly launching initiatives for promoting the utilization of vehicles powered by hydrogen. Further, the huge costs associated with the import of crude oil are also boosting the popularity of hydrogen fuel cells. 

Apart from the aforementioned factors, the depleting reserves of crude oil are also contributing significantly toward the soaring adoption of hydrogen energy across the world. Besides the power sector, the chemical industry is also generating huge demand for hydrogen. The gas is widely used in refineries in hydrocracker unit. With the steady growth of the refining industry, especially in China, India, and the Middle East region, the requirement for hydrogen will rise sharply in the coming years.

Because of the above-mentioned factors, the sales of hydrogen will climb all over the world in the forthcoming years. As a result, the global hydrogen market will exhibit rapid advancement in the future. Hydrogen is commonly represented with the molecular formula, H2. Its density is 0.08988 g/l at standard temperature and pressure (STP). The gas is odorless, colorless, non-toxic, non-metallic, and tasteless. It is the most abundant element and the lightest element found in the atmosphere.

Hydrogen occurs naturally in air, in very minute concentrations. The gas is used quite heavily in the chemical industry and power sector in the U.S. and Japan. Moreover, the Nordic countries of Finland, Norway, Denmark, Iceland, and Sweden also use this gas extensively as a fuel called bio-hydrogen. This gas is widely distributed via pipelines, as pipeline distribution is usually cheaper in comparison to the cylinders- and high-pressure tube trailers-based distribution methods.

This is because unlike the pipeline distribution, the cylinders and high-pressure tube trailers-based methods require the liquefaction of the gas, which is generally a very costly process. Because of this reason, the pipeline method is preferred by gas companies for distributing large volumes of hydrogen gas to the end users. For instance, in the U.S., the authorities laid down almost 1,600 miles of hydrogen gas pipelines for the transportation of the gas. 

Geographically, the Asia-Pacific (APAC) hydrogen market will be very prosperous in the upcoming years, as per the forecast of P&S Intelligence, a market research firm based in India. The main factors driving the sales of hydrogen in this region are the soaring usage of the gas in various refineries as a fuel, rapid advancements being made in hydrogen fuel cells in South Korea and Japan, and the growing requirement for these fuel cells in automobiles in various APAC countries.

Therefore, it can be safely said from the above paragraphs that the demand for hydrogen will surge all over the world in the forthcoming years, primarily because of the ballooning usage of the gas in the chemical industry and the rising popularity of hydrogen fuel cells-based vehicles in many countries around the world. 

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The increasing number of infrastructural development and construction projects being launched in several countries is propelling the sales of plasticizers. This is because of most of the majorly used building tools and materials are made from polyvinyl chloride (PVC), which requires plasticizers such as DBP, DOTP, DINP, and DOP for softness. Moreover, the PVC products are widely used in construction activities, on account of their various beneficial traits such as high resistance to ultraviolet (UV) light and temperature.  

Because of the aforementioned factors, the rapid growth of the construction industry is positively impacting the global sales of plasticizers. Apart from various infrastructural development activities and industrialization, the increasing urbanization, especially in the developing nations such as India, Brazil, and China is also pushing up the demand for plasticizers. These materials are heavily required in the construction of residential buildings as they are extensively used for producing the materials required for flooring, roofing, and cladding. 

Apart from the construction industry, the ballooning requirement for PVC in the electronics and electrical industry is also fueling the surge in the demand for plasticizers across the globe. As per many reports, more than 90.0% of the plasticizers produced around the world, particularly phthalates, are used for making PVC. As plasticizers have the ability to smoothen or provide flexibility to the end products, they are increasingly being used in the automotive and chemical industries.

Due to the burgeoning requirement for PVCs in several industries, the sales of plasticizers are rising rapidly, which is, in turn, fueling the expansion of the global plasticizers market. According to the estimates of P&S Intelligence, a market research company based in India, the valuation of the market would rise from $13,967.9 million to $16,700.6 million from 2018 to 2024. Additionally, the company predicts that the market would exhibit a CAGR of 3.5% from 2019 to 2024.

Phthalate and non-phthalate are the two main types of plasticizers used around the world. Between these, the sales of non-phthalate plasticizers will rise at a faster rate over the next few years, mainly because of the toxicological profile of a few phthalate plasticizers. Due to the numerous health concerns associated with the usage of phthalate plasticizers, many developed nations have banned the utilization of these plasticizers, particularly in the products used by children below the age of 3 years. 

Globally, the plasticizers market recorded the highest growth in the Asia-Pacific (APAC) region in the past few years. This is credited to the extensive utilization of plasticizers in the region in the years gone by due to the presence of flourishing automotive, electrical and electronics, construction, and chemicals industries in the regional countries. Moreover, the predicted boom of these industries in the future years will massively boost the demand for plasticizers in the region in the coming years. 

Hence, it can be said without any hesitation that the sales of plasticizers would surge all over the world in the forthcoming years, mainly because of the growing requirement for PVCs in the construction, electrical and electronics, and automotive industries. 

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The increasing global population is the biggest reason behind the surging requirement for both non-consumable and consumable products across the world. As per the findings of the United Nations Department of Economic and Social Affairs (UNDESA), “the global population is rising at a high pace, and it is expected to reach 8.6 billion in 2030, 9.8 billion in 2050, and 11.2 billion in 2100, from 7.6 billion in 2019, with roughly 83 million people being added every year”.

As a result of this rapid rise in population, the requirement for various products will surge, which will, in turn, fuel the demand for retail e-commerce packaging solutions across the globe. This because most of the consumable and non-consumable items are sold through online channels these days. In addition to the ballooning population, the increasing penetration of the internet and the rising usage of smartphones are massively boosting the demand for retail e-commerce packaging.

This is because many people are nowadays preferring to shop online, owing to the availability of internet connection, the convenience of home delivery, and great discounts provided by the e-commerce companies on various products. Furthermore, the COVID-19 pandemic has massively pushed up the popularity of online shopping, which has, in turn, augmented the growth of e-commerce companies. As per the World Trade Organization, “the enforcement of social distancing, lockdowns, and other measures, in response to the COVID-19 pandemic, has led consumers to ramp up online shopping activities, social media usage, internet telephony and teleconferencing usage, and video and film streaming”.

Because of the aforementioned reasons, there has been a sharp rise in the online sales of household items, food products, and medical supplies in the last few months, which has subsequently caused a steep surge in the requirement for retail e-commerce packaged items. As a result, the value of the global retail e-commerce packaging market is predicted to rise from $19,022.7 million to $68,388.1 million from 2019 to 2030. Moreover, the market is predicted to advance at a CAGR of 12.1% between 2020 and 2030.

Geographically, the Middle East and Africa (MEA) retail e-commerce packaging market will be very prosperous in the forthcoming years, as per the forecast of the market research firm, P&S Intelligence. This is attributed to the rising focus of the governments of the MEA countries such as the U.A.E. and Saudi Arabia on diversifying their economy, which is heavily dependent on the revenue generated from the sales of oil and gas. In addition to this, major e-commerce companies are rapidly setting up their warehouses and plants in this region, which is, tremendously boosting the advancement of the market in the region.

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