Demand for fiber cement siding is forecast to increase 3.6% annually to 664 million square meters in 2022. Gains will be supported by the product’s lower cost relative to brick, stone, and wood, which it can mimic in appearance, and its durability and low maintenance.

Demand for outdoor cooking and entertaining products in the US is anticipated to increase 5.2% in 2019 to $8.5 billion. The market will benefit from the growing investment in upgraded outdoor living spaces, with segments such as outdoor furniture, outdoor kitchen equipment, and patio heating products seeing the fastest gains.

Demand for fertilizer in Brazil is forecast to climb 3.2% per year to 18.6 million metric tons (nutrient basis) in 2022. Gains will be among the fastest in the world, benefiting from increases in agricultural production and increased application of fertilizer per hectare.

Global demand for farm tractors is forecast to climb 5.5% annually to $59.1 billion in 2022. The use of tractors in most industrializing nations will advance at a strong pace because they represent the most basic type of agricultural machinery and are typically the first machines purchased when an agricultural sector mechanizes, due to their ability to perform multiple functions like lifting and transporting materials.

Demand for laminated asphalt shingles is projected to rise 2.1% per year to 128.51 million squares in 2022. This increase in demand will be boosted by a high level of interest among roofing contractors, homeowners, and homebuilders in installing laminated asphalt shingles because of their aesthetic and performance properties.

Nonwovens demand in China is expected to increase 6.9% per year to 4.9 million metric tons in 2022. While economic growth has begun to slow to more sustainable levels, it will remain rapid through 2022 and will fuel significant gains in nonwovens demand as the country’s consumer base expands.

Demand for folding paperboard boxes is expected to grow 3.9% per year through 2022 to $12.8 billion. In 2018, the Trump administration levied a 10% tariff on folding cartons from China that was scheduled to increase to 25% on January 1, 2019; however, in December 2018, China and the US agreed on a temporary suspension of tariff increases.

Sales of robotic lawn mowers are expected to reach 53,000 units in 2022, more than doubling from 2018 levels. In value terms, sales are forecast to reach $70 million by 2022.

Global demand for resilient flooring is forecast to rise 3.9% per year to 3.7 billion square meters in 2022, outpacing growth for nonresilient flooring. Vinyl products – particularly LVT – are expected to gain market share, continuing the 2012-2017 trend.

Demand for oil and natural gas pipe is forecast to grow 11% annually to $15.4 billion in 2022, a strong recovery from severe declines seen during the 2012-2017 period. Growth will be driven by an expected increase in drilling activity as oil prices continue to recover from 2016 lows.