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.”
Demand for floor coverings in China is forecast to rise 4.0 percent per year to 5.2 billion square meters in 2020, a deceleration from the rate of the 2010-2015 period but still among the fastest in the world.
Engine oils comprised about one-third of the market in 2015, a proportion that will grow to nearly 40 percent in 2020 due to the steady growth and large size of the engine oil segment.
While herbicides are the most significant product at the active ingredient level (in both dollar and pound terms), insecticides surpassed herbicides in 2015 to become the most significant category for formulated pesticide products due to the significantly higher markups seen in these products.
The manufactured housing industry is impacted by a variety of regulatory issues on both local and federal levels, both positively and negatively. According to analyst Mariel Behnke, “Among the most significant of the many regulatory issues facing the manufactured housing industry is the HUD Code.”
India represents a large and growing market for private security services, employing 8.9 million people and posting revenues of $8.5 billion in 2015. Security services revenue more than doubled between 2010 and 2015, one of the strongest growth rates of any nation globally.
The US is the largest market for internal combustion engine (OEM) and related filters in the world, and in 2015 was significantly larger than the Chinese market, which was the second largest.
Demand for air and fluid filters in the Asia/Pacific region totaled $11.4 billion in 2015, representing the world’s largest regional market. Because the area is home to both developed and developing economies, air and fluid filter demand tends to vary considerably from country to country.