The surging population across the globe is the biggest factor responsible for the soaring demand for control valves. This is because the growing energy requirements, on account of the booming population, is pushing up the demand for consistent power plant performances. Moreover, it is fueling rapid advancements and innovations in the equipment and devices required for the processing, production, and transportation of energy and making the usage of these advanced devices highly essential in power plants.

Therefore, in order to meet the soaring energy demand, control valves are increasingly being used in power plants. This is, in turn, driving their sales across the globe. Besides being heavily used in power plants, control valves are also extensively used in the food and beverages industry. Because of this reason, the rapid growth of the food and beverages industry is causing a sharp surge in the sales of control valves. 

Additionally, the launch of extensive infrastructural development and construction projects in several countries is propelling the demand for control valves. This is because of the mushrooming power requirements because of these large-scale infrastructural development activities all over the world. The other important factor boosting the sales of control valves is the growing demand for wireless infrastructure and facilities for monitoring and controlling systems and equipment in various industries around the world. 

Due to the above-mentioned factors, the global control valves market is registering rapid advancement. Depending on actuation technology, the market is divided into pneumatic control valve, manual control valve, hydraulic control valve, and electric control valve. Out of these, the pneumatic control valve category recorded the highest growth in the market in the past years. This was because of the ability of the pneumatic control valves to provide consistent performance and accurate linear motion in different temperatures.

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From $10,426.9 million in 2019, the global packaging adhesives market is predicted to reach a value of $17,137.4 million in 2030. According to the forecast of P&S Intelligence, a market research company based in India, the market would progress at a CAGR of 4.6% between 2020 and 2030. The ballooning requirement for packaging adhesives in the food and beverage industry is one of the major factors fueling the advancement of the market.

Adhesives are extensively used in various food & beverage packaging applications. With the growing consumer awareness of health and fitness and the rising adoption of busier lifestyles, the demand for maintaining the shelf life or freshness of packaged food items is increasing rapidly all over the world. According to the estimates of All4Pack Paris, the valuation of food packaging is predicted to grow from $273.9 billion to $356.7 billion from 2017 to 2023.

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The mushrooming sales of packaged food products are boosting the demand for packaging adhesives, which is, in turn, propelling the growth of the packaging adhesives market. Apart from this factor, the increasing popularity of online shopping is also positively impacting the progress of the market. The surging penetration of the internet is fueling the expansion of the e-commerce industry across the globe. Moreover, people are increasingly preferring online shopping these days over the conventional methods.

These factors are boosting the popularity of home deliveries, which is, in turn, augmenting the requirement for packaging adhesives. When formulation is taken into consideration, the packaging adhesives market is categorized into water-based, solid-based, and solvent-based. Out of these, the water-based category recorded the highest growth in the market in the years gone by. This was because the water-borne adhesives are highly eco-friendly and do not contain toxic volatile organic compounds.

The area attributed for organic farming has witnessed significant growth in the past few years, owing to a number of factors. Several private and public players have made considerable investments in organic food supply chain. In addition to this, people are widely organic food products due to their perceived health benefits and the fact that their production includes low chemical leaching. The price for organic food is also high, since it majorly catering to high-end population in developed countries. 

Ascribed to these factors, the global organic fertilizers market is predicted to grow at a considerable pace in the years to come. Furthermore, according to the data by the Research Institute of Organic Agriculture, government initiatives and policies, equivalence agreements between countries for product benchmarking, certification, and labeling, and participatory guarantee systems are compelling landowners to move towards organic farming. This is further expected to drive the demand for organic fertilizers in the years to come. 

The organic fertilizers market is projected to reach $14,746.2 million by 2030, increasing from $4,512.1 million in 2019, progressing at a 14.1% CAGR during the forecast period (2020–2030). When source is taken into consideration, the market is divided into animal, plants, and others, between which, the animal division held the major share of the market in the past. The division is further projected to dominate the market during the forecast period, owing to the high preference for these fertilizers among users. 

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The region is home to the largest tract of organic arable land around the world, owing to which organic cultivation is growing in the region in a number of countries, such as Italy, Spain, France, and Germany. Moreover, the high per capita income of people in the region is also creating high demand for organic food, in turn, driving the demand for organic fertilizers. Other than this, the demand for organic fertilizers is also projected to rise in Latin American and Africa countries in the coming years.

The increasing sale of automobiles around the world is leading to the rising demand for petrol (gasoline) and diesel. This is why exploration and production (E&P) activities, which include extracting, transporting, and refining crude oil, are increasing at a rapid pace. Even after refining, gasoline and diesel are not used on their own, but a number of fuel additives are mixed in them to improve their attributes, as well as the performance of vehicles’ engines and fuel pipes.

According to P&S Intelligence, this factor would help in driving the levulinic acid market to $60.2 million by 2030, from $27.2 million in 2019, at an 8.8% CAGR during 2020–2030 (forecast period). This is because derivatives of levulinic acid, especially methyltetrahydrofuran (MTHF) and ethyl levulinate, are used as additives in gasoline and diesel, respectively. Fuel additives accomplish various objectives, such as stopping the engine from corrosion, preventing the deterioration of fuel, allowing the fuel to flow in cold weather, and removing carbon deposits from the engine and engine pipes.

Similarly, other derivatives of this compound, including sodium levulinate, hydroxymethylfurfural (HMF), diphenolic acid, and succinic acid, are used as additives in personal care products and food and beverages. For instance, sodium levulinate is used in cosmetics as a skin conditioning agent, as well as a preservative in food products, including meat. Developing countries are presently witnessing fast economic growth, which is leading to increasing disposable income. This is why people are spending more than ever on packaged and processed foods and cosmetics, thereby propelling the consumption of levulinic acid.

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The highest consumption of the acid and its derivatives is presently seen in North America, majorly owing to the rising requirement for bio-based chemicals for the manufacturing of agricultural products, fuel additives, and personal care products. For instance, levulinic acid is being increasingly used in bio-based herbicides and pesticides, due to the stringent environmental regulations imposed on the agricultural sector in the region. Moreover, ethyl levulinate is added to biofuels, the demand for which is growing in the continent on account of the rising awareness about the harms of using fossil fuels.

The key driving factors for the structural adhesives market are the increasing demand for such materials in the footwear industry and their rising consumption in infrastructure projects. As a result, the value of the industry will display a 5.2% CAGR during 2019–2024 (forecast period), to advance from $11,677.9 million in 2018 to $15,683.0 million by 2024. Such materials are used to join substrates or components of structures that are under high physical stress for long periods.

Epoxy, acrylic, polyurethane, cyanoacrylate, and others are the categories of the market, based on type. Among these, during the historical period (2014–2018), the market was led by the acrylic category, due to the high peel strength and sheer of acrylic structural adhesives. This is why such adhesives can join plastic and metallic surfaces in footwear, woodwork, building & construction, and do-it-yourself (DIY) applications. The epoxy category is expected to witness the fastest growth during the forecast period, owing to their rising usage in end-use industries, especially for riveting and welding.

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The growing infrastructure industry is the biggest driving factor for the structural adhesives market advance. Due to the population boom, the demand for houses, civic infrastructure, commercial spaces, and industrial settings is rising. This is driving construction activities around the globe, especially in China, the U.S., and India. Structural adhesives make the structures they are used on resistant to chemicals, heat, and humidity, which is why these materials are being widely used on bridges, buildings, railway infrastructure, and roads.

During the historical period, Asia-Pacific (APA) was the largest structural adhesives market, and the situation is set to remain unchanged till 2024. The construction industry in regional countries, especially India and China, is growing on a massive scale, as a result of the burgeoning population, a lot of which is now moving to cities. Additionally, structural adhesives are being widely consumed in the packaging, automotive, and manufacturing industries for joining plastic and metallic substrates.

Hence, as the focus shifts away from weaker adhesives and nuts and bolts, the demand for structural adhesives will rise further.

The construction industry has been registering significant growth across the globe, owing to the surging population in countries including the U.S., India, China, and the U.K. Moreover, the growing number of overseas buyers have also been responsible for the expansion of the construction sector. This is further resulting in the huge investments in hotels, residential apartments, civic infrastructure, and retail centers. Ascribed to this growing construction industry, the demand for paints & coatings has been rising as well. 

The global industrial gases market is expected to reach a value of $154.079.5 million by 2030, increasing from $92,392.4 million in 2019, progressing at a 5.5% CAGR during the forecast period (2020–2030), as per a report by P&S Intelligence. The key factors leading to the growth of the market are the rising government initiatives regarding alternate sources of energy, wide range of applications, and advancing healthcare industry, owing to rising expenditure in the industry. 

The Asia-Pacific region accounted for the largest share of the industrial gases market in 2019, and the situation is likely to remain the same during the forecast period as well. The huge base of manufacturing industries in Japan, China, South Korea, and India, due to low labor cost and less strict environmental regulations, is driving the regional domain. The region is further projected to witness the highest growth due to the surging population and rising spending power of people in the country, owing to increasing per capita income. 

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The increasing initiatives by governments for alternate sources of energy is expected to drive the industrial gases market in the coming years as well. The concerns regarding carbon emissions from fossil fuels have been surging at the present time, owing to which, the worldwide interest is shifting form traditional energy to green and sustainable energy. Presently, solar PVs are an important source of green energy. Industrial gases are used in the PV sector for reducing silicon losses and wafer production during the ingot sawing process. 

Hence, the market is growing due to the large end-use industrial base and rising initiatives for shifting towards alternate energy sources.

 The global bismuth nitrate market generated a revenue of $190.6 million in 2019, and is projected to progress at a 5.1% CAGR during the forecast period (2020-2030), according to a report by P&S Intelligence. The major factors driving the market are the swift expansion of the pharmaceutical sector in Asia-Pacific (APAC) and rising adoption of bismuth nitrate over other derivatives of bismuth. In terms of grade, the market is divided into industrial grade and pharmaceutical grade. 

Between the two, the pharmaceutical grade held the major share of the market in 2019, in terms of value, owing to the high consumption of this compound for manufacturing of drugs. Furthermore, rising investments are being made in research & development activities for discovering novel applications of pharmaceutical grade of the compound in the medical industry. This is projected to result in the rising demand for pharmaceutical grade bismuth nitrate during the forecast period, thereby leading to the growth of the market. 

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When application is taken into consideration, the bismuth nitrate market is categorized into chemical manufacturing and drug formulation, between which, the drug formulation category accounted for the larger share of the market in the past. The compound is capable of preventing any sort of damage to bone marrow or kidneys of cancer patients, which can be caused during the treatment of the disease. In addition to this, duodenal ulcers can be cured using drugs that are formulated by making use of bismuth nitrate. 

Geographically, the Asia-Pacific (APAC) region dominated the bismuth nitrate market in 2019, and the region is further expected to register the fastest growth during the forecast period. The rising R&D activities in the pharmaceutical sector for developing drugs for diseases that cannot be cured at the present time is driving the demand for bismuth nitrate in APAC. Moreover, the increasing number of people suffering from cancer is also resulting in the growth of the regional domain.

The electrical & electronics sector has been witnessing significant growth over the past few years. As per the Semiconductor Industry Association, the worldwide demand for semiconductors reached a shipment of more than 1 trillion units. In addition to this, the sales of semiconductors in China rose by more than 20.5% in 2018 as compared to 2017. The disposable income of people around the world is increasing, owing to which, they are able to afford different electronics items. This expansion of the industry is bound to create requirement for materials that are utilized in the production of different products. 

The concerns regarding swift fossil fuel depletion has been surging for a few years now. At the present time, a number of industries are dependent upon fossil fuels, as petroleum-based products are highly common. However, due to the extensive usage of fossil fuels has led to their depletion. Owing to this, there is a pressing need for finding alternatives to fossil-fuel based products. This is predicted to result in the growing demand for green chemicals across the globe. 

Green chemicals are manufactured using animal or plant waste, which are abundantly available around the world. These chemicals further won’t cause as much harm to the environment as fossil fuels. In addition to this, green chemicals have the capability to serve as a low-cost alternative to fossil fuels. Ascribed to such advantages, the global green chemicals market is predicted to grow at a considerable pace in the years to come. 

The increasing utilization of bio-based packaging is projected to result in the growing requirement for green chemicals. Owing to the eco-friendly nature of bio-based packaging solutions, they are being adopted extensively all over the world. These products further need lesser raw products for products, have low production cost, and are non-toxic in nature. Green chemicals or renewable chemicals are utilized for the production of bio-based packaging, which is why their demand will rise as well. With the surging environmental concerns, industrial scenario is being largely defined by advanced eco-friendly products.

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The green chemicals market is projected to generate a revenue of $18,474.2 million by 2030, increasing from $9,540.0 million in 2019, and is predicted to register a 6.6% CAGR during the forecast period (2020–2030). On the basis of application, the market is divided into agriculture, automotive, packaging, personal care, and food & beverages. Out of these, the market was dominated by the food & beverages application in 2019, and the situation is expected to remain the same in the coming years as well. 

The high demand for food additives that are manufactured using natural ingredients, such as organic acids, is leading to the high demand for green chemicals in the industry. For example, lactic acid is used for food preservations and polypropylene glycol is used for pet food, food flavorings, and animal feed. The personal care division is predicted to advance at the fastest pace during the forecast period due to the increasing awareness about advantages of bio-based personal hygiene and beauty products. 

According to a study conducted by P&S Intelligence, the European region is accounted for the major share of the green chemicals market during the historical period (2014–2019), owing to the rising environmental concerns in the region. Moreover, the rising support from various organizations and governments in the region is expected to drive the adoption of eco-friendly chemicals. The Asia-Pacific region is expected to grow at the fastest pace during the forecast period, owing to the high demand for these products from industries. 

Hence, the market is projected to grow due to the increasing requirement for bio-based packaging and depleting fossil fuels.