New analysis found that demand for outdoor living products surged more than 8% in 2020, driven by several trends that emerged during the COVID-19 pandemic.

The Asia/Pacific region is the largest outlet for automotive coatings due in large part to China’s large national market.

Water-based paints have largely penetrated the global architectural paint market, representing 77% of total demand in 2019.

Fiber optic cable demand is projected to advance 3.0% per year to $3.6 billion in 2025. Single-mode products will remain the bulk of demand, accounting for 73% of sales.

Among the key drivers of growth will be the release of pent-up demand as global economies renormalize post pandemic and capital investment returns to growth

Traditionally used for pricing, promotional, data processing, warning, and other secondary labeling applications, PSLs have significantly extended their application range in recent decades.

Flexographic and digital printing will continue to expand their share of the market at the expense of all other printing techniques (i.e., lithographic, screen, gravure, and letterpress printing).

In 2021 and beyond, the Asia/Pacific region will continue to drive global sales growth, supported by rebounding construction and rising investment as the pandemic recedes.

Our study examines the areas where suppliers are focusing their R&D efforts, and how innovations in drones, the Industrial Internet of Things (IIoT), and other advanced technologies will boost growth through 2025.

Aiding long-term growth, heat shrink and stretch sleeve labels – also known as sleeves – were the only label type to see growth in 2020 amid the sharply reduced economic activity of the COVID-19 pandemic.