Demand for antioxidants in lubricant applications is expected to increase 1.5% per year to 194.9 million pounds in 2022. Among lubricant additives, antioxidants are expected to exhibit one of the strongest growth rates in volume terms through 2022, and they will also see healthy price gains.

Global demand for motorcycle tires is projected to rise 4.0% annually through 2022 to 704 million units valued at nearly $14 billion. Advances in motorcycle tire sales will outperform the global tire average as growth in the production and use of motorcycles outpaces that of motor vehicles.

Global demand for paperboard cups and lids is projected to increase 4.0% annually to $10.2 billion in 2022. Paperboard usage will continue to grow, in part because many of the faster growing markets – especially in the Asia/Pacific region – are more reliant on paper cups for foodservice and instant noodle packaging than foam cups, which have more of a market presence elsewhere.

The Asia/Pacific region is by far the largest producer of farmed fish and the largest market for aquaculture supplies and equipment. Rising fish demand has supported the use of increasingly intensive aquaculture practices, requiring higher investment in aquaculture inputs.

Demand for power lawn and garden equipment among residential users is forecast to rise 2.9% annually to $7.9 billion in 2022, slightly slower than growth among commercial users. An increase in the single-family housing stock will expand the demand base for power lawn and garden equipment.

Global new housing construction levels are forecast to increase 2.0% per year to 60.6 million units in 2022. Together, India and China are forecast to account for over 33% of the new homes built worldwide through 2022.

Demand for chests and cabinets totaled $1.7 billion in 2017, accounting for the largest share of tool storage demand in a continuation of historical trends. Chests and cabinets are priced much higher than other tool storage products, which partially accounts for the high dollar sales.

Demand for pouches used in candy and snack food packaging is forecast to increase 3.8% annually through 2022 to $3.4 billion. The fastest gains are expected for smaller segments such as nuts and dried fruit, which are benefiting from trends toward smaller packages and healthy snacking.

Through 2022, demand for fencing in residential applications is forecast to rise 5.3% annually to $4.8 billion, outperforming sales in other major markets. Gains will be driven by increased spending on residential improvement and repair projects, additional growth in housing completions, and the increased usage of high-value fencing, including ornamental metal and plastic and composite.

US demand for hand tools is projected to rise 1.4% annually to $5.7 billion in 2022. Growth will be sustained by rising homeownership rates among millennials and women, who represent new sales opportunities for hand tool manufacturers, as well as a growing interest in DIY activities among consumers.