Some of the major factors fuelling the growth of global market include rise in adoption of smart glass in automotive sector and increase in demand of smart glass in commercial and residential building.

Rising demand for corrugated packaging and nonwoven hygiene products is expected to give hot melt adhesives a potential opportunity over the forecast period. Hot melt adhesives (HMAs) do not need drying or curing, unlike solvent based adhesives or water-based adhesives.

The construction equipment market is about to enter a period of phenomenal growth and innovation. The next ten years will see the upsurge demand of construction equipment.

Increasing automotive production mainly in China, Indonesia, Japan, Malaysia, and Taiwan is expected to propel the demand for steel in the coming years.

The stringent regulations for fuel economy and emission level, growing wind power installations and technological advancement for low cost and mass production techniques creating opportunity for the Carbon Fibre Reinforced Plastic (CFRP) Composites market.