Demand for air and fluid filters in the Asia/Pacific region totaled $11.4 billion in 2015, representing the world’s largest regional market. Because the area is home to both developed and developing economies, air and fluid filter demand tends to vary considerably from country to country.
Asia/Pacific the Largest Regional Market for Air & Fluid Filters
Consumer battery demand totaled $6.1 billion in 2015, accounting for over two-fifths of the overall battery market. Through 2020, sales of batteries used in consumer applications are forecast to expand 2.5 percent per annum.
Copper-Based Biocides to Grow 8.8% Annually Through 2020
Demand for biocidal copper-based compounds is expected to rise 8.8 percent annually to $610 million in 2020, faster than the overall gains for other metal-based biocides.
Packaging Coatings Market to Reach 60 Million Gallons in 2020
Through 2020, the market for packaging coatings is expected to increase 1.9 percent per year to 60 million gallons. Gains will represent a strong acceleration in growth compared with the 2010-2015 performance, in which demand was nearly flat.
Metallic Gasket Demand to Grow 4.7% Annually Through 2020
Demand for metallic gaskets is forecast to advance 4.7 percent per year through 2020 to $2.2 billion, slowing from the robust pace of the 2010-2015 period but continuing to outperform nonmetallic gaskets as metallic gaskets continue to supplant nonmetallics in a number of applications.
Water-Based Coatings in Protective & Specialty Market Forecast to Surpass Solvent-Based Coatings in 2020
Historically, solvent-based coatings have maintained the largest share of protective and specialty coatings. However, solvent-based coatings are projected to be surpassed by water-based coatings by 2020 as regulatory concerns continue to impact the protective and specialty market.
Wood Preservatives for Decking to Grow 12% Annually Through 2020
Gains will be driven primarily by the widespread shift among preserved wood retailers toward stocking a greater concentration of ground-contact-rated decking materials and taking smaller orders for above-ground-rated decking
In 2015, boxes accounted for 28 percent of total e-commerce packaging demand.
Growth will be fueled by rising populations and per capita incomes in developing economies, especially in the Asia/Pacific region, where consumers with improved earning capacity are turning to higher-performance cleaning products that more often use amines in their formulation.
Western Europe has large aerospace equipment, electrical and electronic equipment, machinery, and motor vehicle manufacturing industries, all of which are major fastener markets.