Articles

Carbon Black, Silica & Reinforcing MaterialsMarket ReportsNewsrss6

Carbon black market forecast at $23 billion by 2027

The global carbon black market size grew from $16.5 billion in 2022 to $17.91 billion in 2023 at a CAGR of 8.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term, but carbon black market size is expected to grow to $23.39 billion in 2027 at a CAGR of 6.9%.

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Market ReportsNewsrss6Silicone & Medical

Silicone coatings market forecast with a CAGR of 6 percent through 2032

Revenue from the global silicone coatings market currently stands at US$ 6.64 billion. Worldwide consumption of silicones coatings is projected to increase at a CAGR of 6% from 2022 to 2032, as per a new analysis by Fact.MR, a market research and competitive intelligence provider.
The silicone coatings market will be primarily driven by trends of industrialization and urbanization across the world. Rising construction activities, increasing use of silicone coatings in automotive manufacturing, and growing popularity of the features of silicone coatings are expected to favor market growth. However, high costs of production and increased availability of low-cost alternatives are anticipated to have a hindering effect on the demand growth of silicone coatings over the coming years.

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