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The major factor driving the demand for automotive tinting films is the increasing global automotive production. The demand for passenger vehicles has witnessed substantial growth, primarily from Asian countries such as India, China, and Japan. The demand for passenger vehicles has seen an upsurge in developing economies on account of rapid urbanization and increasing working population and disposable income. This is expected to positively impact the product demand over the forecast period.

At present, the industry is in its nascent stage, with few manufacturers. Japan is expected to lead the industry, owing to the early adoption of the technology. In addition, high investment in R&D pertaining to the product coupled with several patents by the Japanese researchers are key factors contributing to the high growth. The industry was dominated by the TiO2 photocatalysts, owing to early research on this product. However, initiatives taken by the manufacturers to develop innovative photocatalysts materials using zinc oxide (ZnO), and cadmium sulfide (CdS) is likely to challenge the existing material and open new avenues for the industry growth over the projected period.

The demand for aviation adhesives and sealants in general, commercial, and military end-use applications is increasing owing to a significant increase in aircraft building activities to cater to the growing demand for air travel coupled with a substantial drop in jet fuel prices. In addition, increasing volatility in diplomatic relations among countries has augmented the global defense expenditure, which, in turn, is likely to boost military aviation end-use application.

Rising concerns regarding wastage across the globe on account of increasing food trade and social interdependence between countries are expected to propel the growth. Educatory and communicative actions such as Stop Wasting Food movement in Denmark, Love Food Hate Waste in U.K., and Think Eat Save are anticipated to positively influence the growth. These educational campaigns focus on web-based instruments and door-to-door interviews with citizens to spread understanding related to the prevention of wastage of edibles.

The growth is driven by an increase in consumption and trade of alcohol, owing to its wide range of application across various sectors, such as food and beverage, pharmaceuticals, personal care, and others. A change in lifestyle and food consumption habits are the major factors driving the growth. High demand for ready to eat products is driving the need for preservatives too boost the shelf life of these products. Healthcare and pharmaceuticals industry uses ethanol for cleaning and sterilization of medical equipment before use.

High strength steel is used to manufacture construction and earth moving equipment, quarrying equipment, and fork lift trucks. Various grades of high strength steel are used in truck beds, hoppers, buckets, chutes, crushers, and conveyor troughs. Other applications of high strength steel include use in trash truck bottoms, concrete mixer drums, bucket lips, dump trailers, and street sweepers.

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