Geographically, the titanium dioxide market is currently recording the highest growth in the Asia-Pacific (APAC) region, as per the findings of P&S Intelligence, a market research company based in India.
Asia-Pacific (APAC) generated the highest revenue in the genset market during the historical period (2014–2019), as its manufacturing sector is prospering owing to government support, which is leading to the construction of factories.
Globally, the industrial gases market would register the highest growth in the Asia-Pacific (APAC) region in the upcoming years, as per the estimates of P&S Intelligence, a market research firm based in India.
In regional countries such as India, China, and Indonesia, automotive manufacturing is surging rapidly, thereby creating a huge requirement for automotive coatings at various automobile manufacturing sites.
The medical adhesives market was dominated by North America during the historical period, on account of the high purchasing power, increasing product demand, and opportunity for advancement in the healthcare industry.
Driven by the strict government norms, growing concerns for waterborne diseases, and increasing desalination activities worldwide, the water treatment chemicals market will advance at a CAGR of 5.2% during the forecast period of 2020–2030.
The biggest factor responsible for the growth of the industry in this region is the soaring investments being made by the governments of regional countries, especially India and China, in energy storage solutions
The rapidly growing automotive sector in the developing nations such as India, China, Mexico, and Brazil, on account of the surging sales of new automobiles and the soaring per capita income is causing a sharp rise in the demand for lubricants.
P&S Intelligence says that due to the increasing popularity of this production method, the 3D printing materials market would grow from $558.4 million in 2017 at a healthy 16.7% CAGR during 2018–2023, to $1,365.6 million by 2023.
The high energy density and specific energy of these batteries make them ideal for use in electric vehicles. The rising usage of lead-acid batteries is causing the rapid expansion of the global lead-acid battery market.
The mushrooming sales of electric vehicles is another major factor powering the global demand for structural adhesives. This is because these adhesives are heavily used in electric vehicle battery assembly, on account of their high bonding strength.
The growing infrastructure industry is the biggest driving factor for the structural adhesives market advance. Due to the population boom, the demand for houses, civic infrastructure, commercial spaces, and industrial settings is rising.
Geographically, the Asia-Pacific (APAC) region occupied the largest share of the floating solar panels market in 2019, due to government initiatives that are focusing upon promoting the use of solar panels.
The global Lithium-ion battery recycling market generated a revenue of $165.3 million in 2019, and it is predicted to progress at an 18.3% CAGR during the forecast period (2020–2030), as per a report by P&S Intelligence.
The plastic recycling market is expected to generate a revenue of $64,139.7 million by 2024, increasing from $41,238.8 million in 2018, and is predicted to grow at an 8.6% CAGR during the forecast period (2019–2024).
The chlorine market is projected to reach a value of $63,121.6 million in 2030, increasing from $36,845.0 million in 2019, and is predicted to witness a 5.2% CAGR during the forecast period (2020–2030).
According to the findings of the WHO, “1 billion people used the almost 6 trillion cigarettes manufactured in 2019”. The other key factor fueling the requirement for paper and paperboard materials is their eco-friendliness.