The increasing demand for food and growing awareness associated with the benefits of fertilizers and pesticides in crop production are the major driving forces of the industry. The use of the latest technologies to increase farm production and increasing government investments in agriculture to increase crop yields provide huge opportunities to this market. The fertilizers segment will remain the largest segment in the agrochemicals industry during the forecast period.

Composites are used in a variety of markets, such as transportation, construction, marine, wind energy, aerospace, electrical and electronics, and pipe and tank. China has been the top market among the BRIC countries in terms of total composites consumption, whereas India depicted the highest growth rate in 2013 due to rapidly increasing demand from the end user industries.

Increasing terrorism and domestic disputes are the major factors encouraging deployment of advanced military armaments across the globe. Global defense land vehicle industry is highly dependent on government military expenditures which have seen considerable reduction in the recent years due to economic slowdown.

Increase in external as well as domestic demand is expected to boost high economic growth of Chile. As the country is having world's third largest copper reserves, so increase in copper prices will also have significant positive impact on the economic growth of Chile. Chilean economy is likely to grow to $283.7 billion at the current price by 2019, with a CAGR of 5.5% during 2014 to 2019.

According to a new market report published by Lucintel, the future of the FRP pipe market looks good with opportunities in the oil and gas, retail fuel, water/wastewater, sewage, and chemical industries.