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.

Food markets for converted flexible packaging accounted for 71% of total demand in 2016 and are expected to rise to $15.5 billion in 2021. Ongoing product introductions and trends favoring smaller package sizes will fuel opportunities as will the need for enhanced shelf life and package resealability.

Australia’s countertop market will total 4.15 million square meters in 2021. Australia’s countertop demand per capita is the second highest of any major market, lagging only the US.

Global demand for buses is projected to increase 4.9% per year through 2021 to 623,000 units, an improvement over 2011-2016 market performance. The number of buses in use worldwide is expected to reach 9.7 million units.