Fiber cement siding demand is forecast to grow 2.5% annually through 2023 to 22.1 million squares, valued at $1.7 billion. Fiber cement is the second largest siding material and will record healthy gains over this period because of the material’s: • ability to mimic the look of natural wood more effectively than vinyl products • increased use in high-end buildings as product quality continues to improve • affordability relative to brick and natural stone, whose aesthetics it can also replicate

“Sales of cabinets should continue to see solid growth as Americans continue to invest in kitchen and bathroom remodeling projects..."

Asbestos use is on the decline globally.

US new pool and spa installations are expected to grow 3.0% annually.

China will see the largest volume demand gains of any country.

Trends in China – the world’s largest national producer and purchaser of construction machinery – will underlie regional market gains.

Plastic roofing is forecast to post the strongest annual increases of any major low-slope roofing product through 2023, rising 1.5% per year, due in part to its ease of installation and low maintenance requirements. TPO remains the leading plastic roofing type, supported by its lower cost and comparable performance properties to PVC roofing.

According to the Global Silicones study, key market opportunities for silicones include solar panels in the electrical equipment segment; sensors and electric vehicles in the transportation market; medical adhesives and disposable medical devices; and components for cell phones, computers, and LEDs in the electronics market.

According to the new edition of Lawn & Garden Consumables, demand for fertilizers is forecast to grow 2.6% annually to $3.3 billion in 2023. Lawn and turf care will continue to dominate lawn and garden fertilizer applications – representing 71% of the market in 2023 – as most residences and many commercial and institutional establishments have lawn space that requires care.

Through 2023, new housing construction levels in India are forecast to increase 2.4% per year to 10.1 million units. The best growth opportunities are anticipated for multifamily housing units, supported by: • continued expansion in the country’s middle class • ongoing migration to cities • continued government support for the construction of affordable apartments Both the single-family and multifamily housing segments will benefit from the release of pent-up demand for new homes, many of which were delayed in 2017 and 2018 as households waited to see the effects of demonetization and tighter real estate regulations.