In 2019, the global fatty acid esters market generated a revenue of $2,240.9 million and is predicted to progress at a CAGR of 4.6% from 2020 to 2030. According to the forecast of the market research firm, P&S Intelligence, the market would attain a valuation of $3,688.9 million in 2030. The growing public awareness about bio-lubricants and the burgeoning requirement for the substance in the personal care and cosmetics industry are the key factors driving the advancement of the market.

In recent years, there has been a sharp surge in public awareness regarding the various benefits of bio-based fatty acid esters and their ability to be used as excellent lubricant additives in metal-cutting, hydraulic, and automotive applications. Additionally, these environment-friendly esters offer high lubricity and provide a less toxic and cleaner work environment than the traditional lubricants. These esters have highly affordable prices, owing to which, they are increasingly being preferred in various applications.

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As a result, the governments of several countries are increasingly preferring bio-based lubricants over petroleum-based ones. Depending on product type, the fatty acid esters market is divided into oleates, TOFA-based esters, pelargonates, dimerates, stearates, laureates, and palmitates. Out of these, the oleates category recorded the highest growth in the market in the years gone by. This category is also predicted to register an explosive growth in the market in the coming years.

Apart from the aforementioned factors, the high requirement for these esters in surfactants as an emulsifying agent and the huge sales of personal care products such as body washes, detergents, and shampoos also contributed to their high sales in APAC in the last few years. In the near future, the market is predicted to demonstrate rapid expansion in APAC, primarily because of the rising disposable income of the people and the growing popularity of organic care products in the region.

From homes to hospitals, plastics are an integral part of human life. Plastic objects are often durable enough and a lot cost-effective than those made of metal and wood, which is why their usage for almost everything is rapidly increasing day by day. While the material is versatile and convenient, it also has a sinister side. It takes an eternity to decompose, while certain types of plastics don’t decompose at all, which is leading to mounting waste and pollution.

Due to the dangers of abandoned plastic to the soil and wildlife and the emission of harmful gases from its burning, the focus on reprocessing discarded plastic objects and reusing the material thus obtained is rising. P&S Intelligence says that owing to the rising awareness about plastic pollution, the plastic recycling market will grow from $41,238.8 million in 2018 to $64,139.7 million by 2024, witnessing an 8.6% CAGR during 2019–2024. The process involves segregating the different types of plastic waste and then washing, shredding, melting, and pelletizing it.

The different types of plastics are polyvinyl chloride (PVC), polyethylene (PE), polypropylene (PP), polyethylene terephthalate (PET), polystyrene (PS), and various others. Among these, PE has been recycled the most, because it is one of the most-heavily produced plastic. Moreover, PE products don’t have a long life, which is why they are discarded after a short usage duration, thereby leading to a high waste volume. On a positive side, PE is easy to recycle, therefore accounts for a high reprocessing and reuse rate.

Presently, Asia-Pacific (APAC) is the largest plastic recycling market, as it doesn’t only process its own waste, but also of the developed European and North American countries. The large population, which generates huge volumes of plastic waste, and the low labor costs are the key reasons behind the high-volume recycling here. Further, developed countries subject to stringent environment protection targets send most of their waste to the developing APAC countries.

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According to a report by P&S Intelligence, the global agricultural micronutrients market is predicted to generate a revenue of $9,009.2 million by 2023, increasing from $5,848.0 in 2017, progressing at a 7.5% CAGR during the forecast period (2018–2023). The deficiency of micronutrients in soil & its effects on the yield, rising investments in the agricultural industry, and increasing population, need for supplement for maximizing crop, and rising requirement for food are the key factors leading to the growth of the market.

 The market is divided into manganese, boron, zinc, molybdenum, and iron, out of which, the zinc division accounted for the major revenue share of the market. Zinc is a key constituent of several enzymes and proteins in a plant and is also important for metabolic processes, such as the elongation of internodes and production of hormones. Apart from this, the molybdenum division is projected to register the fastest growth in the market during the forecast period.

When crop type is taken into consideration, the agricultural micronutrients market is categorized into oilseeds and pulses, cereals and grains, and fruits and vegetables. Among all these, the cereals and grains category accounted for the largest share of the market during the historical period (2013–2017). Micronutrients are utilized extensively for the proper growth of grain and cereals and for boosting the overall yield. The surging population is leading to high consumption of micronutrients for the production of cereals and grains.

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Geographically, the agricultural micronutrients market was dominated by the Asia-Pacific region during the historical period, and the region is further projected to grow at the fastest pace during the forecast period. The low biofortification of crops and high deficiency of micronutrients in the soil, owing to continuous reaping and sowing cycles, are driving the demand for agricultural micronutrients in the region. Governments are also trying to create awareness among farmers regarding the advantages of micronutrients, thereby driving the regional market.

The growing practice of contract farming in India and other such countries is opening up wide opportunities for the players operating in the agricultural micronutrients market. Governments in these countries are taking initiatives and supporting the agricultural sector. Under the practice, an agreement is made between processing firms and farmers, where supply and products of agricultural products are carried out at predetermined costs. The buyer also has to provide some kind of production support to the farmer as per the agreement.

The global population is on a rise and is resulting in the increased demand for food products, which, in turn, is leading to the growth of the agricultural micronutrients market. As per the United Nations Department of Economic and Social Affairs, the worldwide population is projected to grow to 9.8 billion by 2050, increasing from 7.6 billion in 2017. This surge in the global population is bound to create increased demand for food products, which will lead to increased adoption of agricultural micronutrients.

Hence, the market is being driven by the surging population and rising practice of contract farming.

The major factors helping in the advance of the graphene market are the growing demand for this material in the electrical & electronics industry and its rising number of applications in the medical sector. Resultingly, the revenue generated from the sale of this product will increase from $87.5 million in 2019 to $646.8 million by 2030, at a CAGR of 20.2% during the forecast period (2020–2030). A single layer of carbon atoms bound tightly in a honeycomb lattice structure is known as graphene.

The graphene market is divided into dispersion, powder, and others, under segmentation by form. Among these, the powder division dominated the market, in terms of value, during the historical period (2014–2019), as graphene in its powder form is widely preferred for batteries, sensors, and printing purposes. In addition, compared to dispersion and flakes, the powder form is easier to handle, which is why this division is also predicted to witness the fastest growth in the industry during the forecast period.

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One of the major trends being witnessed in the market is the commercialization of this material. Not only is a larger amount of this material available now, but extensive research and development (R&D) has also led to the discovery of new application areas for graphene. For instance, earlier, the major use of sheets and flakes of this material was in laboratories, for experiments and testing. But now, graphene flakes and sheets have become preferred materials for the manufacturing of sports goods, digital displays, automotive coatings, and conductive inks.

The largest region in the graphene market during the historical period was Asia-Pacific (APAC), as the material witnesses high-volume consumption in the Chinese electrical & electronics, energy, and medical device industries. In addition, the aerospace and automotive sectors of India, China, and South Korea are making increasing use of this material, which is driving the regional market. During the forecast period, North America is projected to experience the highest industry CAGR, owing to the wide usage of graphene in the composites required for the production of electrical and electronic devices, automobiles, and aircraft.

Therefore, as more new applications are found for graphene, its consumption will witness a continuous surge.

“Despite the 2015 (Paris) agreement, global carbon emissions increased 1.7 percent in 2017 and a further 2.7 percent in 2018; it has been estimated that the rate of increase in 2019 will be among the highest on record.”, said the National Geographic Society in a September 2019 article. In yet another article published in 2019, the society had said, “...their (greenhouse gases) levels are higher now than at any time in the last 800,000 years.”

In addition, as per the Environmental Protection Agency of the U.S., in 2018, the commercial and residential sectors were together responsible for 12.3% of all GHG emissions, and electricity production generated 26.9% of them. Since the residential and commercial sectors are major electricity consumers, they bear a strong responsibility to conserve energy and, in turn, lighten the load on coal-, oil-, and gas-fired power plants, so that less fossil fuels are burned and GHG emissions come down.

Due to the rising awareness about this issue, the global net-zero energy buildings market is set to grow to $2,106.6 million by 2024 from $896.6 million in 2018, at a substantial CAGR, of 15.6%, between 2019 and 2024. There are two major ideas central to NZEBs: one, they must consume as little electricity as possible, and two, they must only consume energy that they produce themselves, so that their net electricity consumption is nil.

Commercial and residential are the two bifurcations of the net zero energy buildings market, on the basis of construction, of which commercial was the larger bifurcation in 2018. As NZEBs are more expensive to construct than traditional buildings, a larger number of commercial NZEBs are built, as they have more floor area, which means more occupants and rent, which helps better recover the construction cost. During the forecast period, the residential bifurcation will observe the faster growth, on account of the sustainability targets and increasing environmental awareness in developed countries.

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“9.6 million people worldwide are estimated to have died from cancer in 2018.”, the World Health Organization (WHO) says. After cardiovascular diseases (CVDs), cancer accounts for the second-largest death count in the world. The prevalence of this disease is growing owing to poor lifestyle choices, such as smoking and alcohol abuse, as well as genetic predisposition. The worst part is that cancer is not an adult disease, but its incidence in children is growing too. As per the WHO, every year, over 300,000 people under the age of 19 are diagnosed with malignant tumors.

This has raised the demand for oncologic therapies massively, which is why cancer wards at hospitals remain ever-busy. But every medicine has a side-effect, as it modulates the biophysical processes of the body in a certain way. Numerous cancer drugs can cause kidney failure, while radiation is known to lead to bone marrow damage. As per P&S Intelligence, these grave side-effects of cancer treatment will propel the bismuth nitrate market from $190.6 million in 2019 at a 5.1% CAGR between 2020 and 2030 (forecast period).

Represented by the chemical formula Bi(NO₃)₃, the compound is also available in an industrial grade, apart from the pharmaceutical grade. However, the pharmaceutical-grade salt accounts for the wider consumption, since it is an essential component of numerous drugs, especially those designed to prevent bone marrow and kidney damage in cancer patients, after treatment. Further, Bi(NO₃)₃ is an effective antacid, which is why it is used in ulcer and diarrhea drugs. Major growth in the pharma sector is being witnessed in Asia-Pacific (APAC), with India, South Korea, and China heavily investing in this sector.

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APAC is the largest consumer of Bi(NO₃)₃, and this is also where the demand for the compound is expected to rise the most over the forecast period. China is home to large-scale bismuth nitrate suppliers, which leads to easy availability and, in turn, high consumption. The regional pharmaceutical market is growing rapidly as a result of the rise in the geriatric population, increase in the incidence of chronic diseases, and surge in the affordability and accessibility of healthcare.

Hence, as the pharma sector expands and new applications are found for Bi(NO₃)₃, its usage will keep on increasing.

As industrial production has increased all across the globe, owing to the surging population, the demand for raw materials in industries has growing swiftly as well. Industrial solvents are important products that are used in the production of a several products. Ascribed to this, the demand for raw materials for making industrial solvents is growing as well. Chloromethanes are extensively utilized as raw materials for producing industrial solvents, owing to which, their demand is on a rise as well.

As per a report by P&S Intelligence, the global chloromethanes market is attained a value of $2,675.9 million in 2018 and is predicted to reach a value of $3,286.9 million by 2024, exhibiting a 3.4% CAGR during the forecast period (2019–2024).  Chloromethanes are majorly utilized as intermediates in the production of a large number of products, such as agrochemicals, pharmaceuticals, and agrochemicals. Chloromethane is utilized for producing dimethyldichlorosilane and other related organosilicon compounds, which then serve as precursors to silicones.

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Different types of chloromethanes are chloroform, methylene chloride, carbon tetrachloride, and methyl chloride, out of which, the demand for methyl chloride has been the highest up till now. Methylene is consumed heavily for the production of paint removal and stripping products, adhesives, flexible polyurethane foam, pharmaceutical products, and metal cleaning agents. This surging demand for methylene is further driving the demand for methylene across the globe.

The Asia-Pacific region emerged at the major chloromethanes market in the past, and it is further predicted to create significant demand for these compounds in the years to come as well. The consumption and production of chloromethanes is incredibly high in countries such as India and China. Moreover, the China is the leading producer of several intermediates & chemicals, pharmaceuticals, and agrochemicals, owing to which, the demand for chloromethanes is high in the country.

In conclusion, the expansion of the chemical industry and rising demand for industrial solvents are driving the demand for chloromethanes.

The population across the globe has been rising at a rapid pace since the past few years. This growing population is creating the need for building infrastructure. Moreover, the migration rate from rural to urban areas is growing as well, as more and more people are coming to cities in search of jobs and for having a better standard of living. Therefore, in order to accommodate this growing population, the need for improving existing infrastructure and building new facilities is growing.

As structural adhesives are used widely in the infrastructure, their demand is growing as well. In fact, these adhesives are among one of the major composite materials that are utilized for bonding several surfaces and for repairing a number of infrastructural applications such as roads, railways, bridges. This is can be ascribed to the fact that structural adhesives have high strength and are resistive to chemicals, temperature, and weather.

Owing to such factors, the global structural adhesives market is projected to grow at a significant pace in the years to come. The demand for these products is also growing due to the shift from conventional fasteners. The demand for high structural integrity when it comes to vehicles, airplanes, ships, and automobiles is rising, along with the need to make them light in weight. Since structural adhesives provide the needed strength while also decreasing the weight of the vehicles, they are widely being used in the automotive and aerospace industries.

According to a research by P&S Intelligence, the structural adhesives market is expected to attain a value of $15,683.0 million by 2024, increasing from $11,677.9 million in 2018, and is predicted to witness a 5.2% CAGR during the forecast period (2019–2024). In terms of type, the market is categorized into cyanoacrylate, acrylic, epoxy, and polyurethane, out of which, the acrylic division accounted for the largest share of the market in the past. These adhesives have high peel and shear strength, allowing them to form bonds with plastics and metals.

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Chlorine is widely used in water treatment applications for eliminating pathogens from water and making it safe for sanitation and drinking purposes. The rising awareness among the masses regarding the harmful effects of consuming untreated water and the various diseases caused due to the consumption of contaminated water such as cholera, typhoid, Hepatitis E, and Hepatitis A, especially in the developing nations such as Brazil, India, and Thailand is pushing up the requirement for water treatment. 

Besides being widely used in water treatment plants, cholera is also extensively used for treating water in swimming pools and for irrigation purposes across the world. In addition to this, the governments of several countries are implementing strict measures for regulating the supply of safe, clean, and treated water, which is positively impacting the sales of chlorine around the world. Furthermore, chlorine is widely required in huge volumes during the chlorination process for polyvinyl chloride (PVC) production.

The pharmaceutical industry growing rapidly across the globe, owing to the surging patient pool. Moreover, in countries such as China, the population is increasing swiftly as well, along with growing awareness among people regarding different medicinal drugs, which is further leading to the expansion of the industry. As the prevalence of diseases around the globe is increasing due to changing lifestyles, the need for effective medication is growing as well. In addition to this, several technological advancements have also been taking place regarding packaging of pharmaceutical products, which is an important aspect of the industry.

Attributed to all these factors, the global pharmaceutical packaging market is predicted to advance at a considerable pace in the years to come, as per a report by P&S Intelligence. The major aim of pharmaceutical packaging is to protect the medicine from outside factors that may prove harmful. Some factors that are considered when it comes to pharmaceutical packaging include its convenience and accessibility for aged people and its resistant mechanisms so that a child doesn’t get access to the drug. Different types of pharmaceutical packaging are blister packs, plastic bottles, and vials, out of which, the demand for plastic bottles has been significantly high in the past.

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Out of these, the largest demand is expected to be created for oral drug delivery in the coming years, which is primarily due to the fact that this is the easiest and most efficient method of drug delivery. Apart from this, the demand for packaging materials is also expected to increase significantly for injectable drugs in the near future, which is because of the rising utilization of injectables for treating diabetes and cancer. The various types of raw materials that are utilized for making pharmaceutical packaging are paperboard, glass, polyester, high-density polyethylene, polypropylene, low-density polyethylene, aluminum foil, and polyvinyl chloride.  

The demand for polymer is predicted to considerably high in the years to come, due to its longer shelf life and ability to provide protection against degradation and contamination. Geographically, North America has been the largest pharmaceutical packaging market up till now, which can be ascribed to the high per capita income on healthcare, increasing geriatric population, and growing prevalence of diseases in the region.

Hence, the demand for pharmaceutical packaging is growing due to the rising population and surging patient pool across the globe.