Global demand for automatic valves is forecast to rise 4.8% per year to $46.7 billion in 2023. These products will account for an increased share of the global market, continuing a long-term trend toward greater automation across industries.

Demand for hoses is forecast to increase 3.5% per year to $615 million in 2023, supported by an improved economy and the development of higher quality products that are most desired by consumers. Growth will be more broad-based compared to the previous five-year period, when the introduction of expandable hoses and new lightweight hoses drove nearly all sales gains.

According to the study Global Construction Chemicals, demand for protective coatings and sealers is projected to increase 5.1% per year to $25.2 billion in 2023. Growth will be boosted by ongoing gains in construction activity globally, as well as increasing demand for higher value, better performing products with improved functionality.

Demand for wipes used in healthcare settings is expected to increase 3.8% per year to $594 million in 2023. Gains will be driven by: • robust growth in hard surface disinfectant wipes sales, following concerns over the risk of cross-contamination and HAIs • continued adoption of wipes over alternative products, such as cloth rags and paper towels • advances in product innovation, encouraging new adoptions of wipes as well as higher pricing and market value • an aging population and increasing need for senior care

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.