Market Reports

The Conductive Silicone Rubber Market Size valued at USD 19.61 Billion by 2034 with a CAGR: 8.3% according to Polaris Marketing Research and Consulting. The global conductive silicone rubber market is on the rise, mainly due to its unique characteristics—such as electrical conductivity, flexibility, and thermal stability. Conductive silicone rubber is considered an advanced material and serves multiple applications across industries such as electronics, automotive, healthcare, and energy due to its exceptional performance in extreme environments.

The global medical elastomer market is set to reach $19.2 billion by 2032, growing at a compound annual growth rate (CAGR) of 9.7% from 2024, according to a report by Acumen Research and Consulting. This growth is driven by advanced material innovations, rising demand for disposable medical devices, and expanding healthcare infrastructure worldwide.

The cast elastomers market size is projected to grow from USD 1.87 billion in 2025 to USD 2.38 billion by 2030, registering a CAGR of 5.0% during the forecast period according to MarketsandMarkets.

The increasing demand for cast elastomers is due to their advantageous mechanical characteristics, such as excellent abrasion resistance, durability, and flexibility, which allow them to perform well under extreme, demanding conditions. Industries like mining, oil & gas, automotive, and manufacturing all rely on cast elastomers for components that will withstand wear, impact, and chemical exposure. The increasing implementation of automation and high-performance equipment is also increasing the demand for materials with longevity and low maintenance. The customization of cast elastomers for specific applications is driving global demand, particularly in emerging economies.

The U.S. non-automotive rubber transmission belts market is on a steady growth trajectory, projected to reach a valuation of USD 1.85 billion by 2032, according to a recent report by Polaris Market Research. This expansion reflects a compound annual growth rate (CAGR) of 3.4% from 2024 to 2032.

The styrene butadiene rubber market is projected to reach USD 19.7 billion by 2034, exhibiting a steady CAGR of 5.5% over the forecast period according to Future Market Insights. This growth highlights strong demand across automotive, construction, and industrial applications, driven by the material’s durability, cost-effectiveness, and versatility. As industries continue to prioritize high-performance synthetic rubbers, the market is expected to maintain a consistent upward trajectory.

The Rubber Trade Association of Europe (RTAE) has reported that prices for Technically Specified Rubber (TSR 20) remained subdued throughout May, averaging around 165 euro cents per kilogram CIF. Despite a brief mid-month uptick to 170 €/kg, the market quickly corrected, with prices falling back to 160 €/kg by the end of the month.

Europe non-automotive rubber transmission belts market size was valued at USD 1,257.27 million in 2023. The market is anticipated to grow from USD 1,272.23 million in 2024 to USD 1,685.83 million by 2032, exhibiting the CAGR of 3.6% during the forecast period according to Polaris Market Research.

The Europe non-automotive rubber transmission belts market is growing due to industrialization and Europe’s rising need for manufactured goods. The market is expanding due to automation trends and technological advancements such smart functions and increased energy efficiency to fulfil the need for material handling processes efficiently across a range of sectors is propelling the European market’s notable expansion and development. Moreover, Europe is considered as trade hub for export for various countries having full connectivity is fueling the growth of this market.