Oil filters comprised the largest share of the North American automotive filter aftermarket in 2016, totaling US$1.6 billion in sales and representing 44% of the market. These products hold a leading share of the market due to the frequency with which oil changes are performed (and the associated filters replaced) as a part of routine maintenance.

The global market for silicones in construction applications is expected to climb 5.6% per year to $3.7 billion in 2021, when volume demand will reach 594,000 metric tons. Growth will be affected by rebounds in Western Europe, Eastern Europe, and Central and South America, and by continued strong increases in construction spending in the Asia/Pacific region and North America.

Global industrial fastener demand will grow 3% in 2017, according to Ken Long, manager of capital goods research at the Freedonia Group. Long spoke at the inaugural Fastener Industry Summit, held June 7th in Rosemont, Illinois.

Demand for drilling fluids is projected to rise 11% per year to 1.45 billion gallons in 2021. A recovery in drilling activity and the rising average fluid use per well will drive growth.

The number of oil and gas wells drilled in Oklahoma is forecast to rise 46% in 2017 to over 1,350 wells, up from 935 in 2016. The STACK, a relatively new play, was the most heavily drilled region in Oklahoma in 2016, and this trend will continue through 2018.

Demand for unitary air conditioners is forecast to expand at a 4.9% yearly rate through 2021 to $11.0 billion, continuing to outperform air conditioning equipment sales as a whole. The replacement of units that have reached the end of their operational lives will remain the primary driver of sales.

Demand for cordless electric tools is forecast to increase 6.4% per year to $7.6 billion in 2021, roughly in line with the pace of growth observed between 2011 and 2016. These products will continue to take market share from plug-in models and will reach 41% of the total in 2021.

Demand for asphalt shingles in value terms is anticipated to grow 5.6% per year to $8.5 billion in 2021. Gains will be driven by the expected increase in area demand as housing starts rise and homeowners undertake roof replacement projects.

Global demand for protective packaging in e-commerce applications is projected to increase 9.6% per year to $7.8 billion in 2021. This is the fastest growing market for protective packaging.

Value demand for guar gum is forecast to expand 7.1% yearly through 2021 to $120 million. Overall growth will be slower than the growth seen between 2011 and 2016, despite recovery in volume demand, as pricing undergoes a correction from the double-digit gains seen during the same period.