Demand for power lawnmowers is forecast to rise 3.2% per year to $4.2 billion in 2021. Sales advances are expected to slow from the rebound-fueled pace of the 2006-2011 period.
Demand for paint and coatings in the US is projected to rise 2.3% per year to 1.4 billion gallons in 2020.
Through 2021, demand for metal and wire home organization products will rise 4.1% annually to $3.7 billion.
Demand for alternative sweeteners in the food market is forecast to be $870 million in 2020, after yearly gains of 3.7%.
Demand for pouches used in meat packaging is forecast to climb 5.3% per year to $220 million in 2021, with unit gains expected to advance 3% per year to 1.6 billion units.
Demand for interior paint is forecast to grow 2.9% per year to 535 million gallons in 2020, advancing in line with the overall architectural paint market.
Worldwide flame retardant consumption in construction applications is projected to increase 3.2 percent per annum through 2020 to 803,000 metric tons.
Fiber-reinforced plastic composites demand in the wind energy market rose tremendously during the last decade, from just 25 million pounds in 2005 to 114 million pounds in 2015.
Trends favoring the use of smaller-sized medication containers will increase the number of labels required by pharmaceutical manufacturers, as will overall increases in drug production. Growth in pharmaceutical label demand will also benefit from intensified efforts to combat drug counterfeiting and diversion.
According to analyst Gleb Mytko, “Manufacturers operating in the region will boost equipment output, causing related diesel engine demand to rise. The region’s equipment producers will also take advantage of additional export sales opportunities around the world, leading to a further increase in the region’s diesel engine needs.”