Market Reports

Sales of silicone-based release coatings are predicted to increase rapidly at a CAGR of 6.1% and reach a market value of US$ 246.7 million by the end of 2033.
Demand for release coatings in the United States is forecasted to rise at a CAGR of 5% and reach US$ 105.23 million by the end of 2033.

The global paper release liners market is estimated to exhibit growth at a CAGR of around 6% to 7% during the forecast period 2022-2032 according to Future Market Insights.

The global Industrial Wax market was valued at USD 8677.2 Million in 2022 and is anticipated to reach USD 11690 Million by 2029, witnessing a CAGR of 3.9% during the forecast period 2023-2029 according to Valuates Reports.

The rubber molding press market is expected to witness significant growth in various regions, including North America, Asia Pacific (APAC), Europe, the United States of America (USA), and China. The increasing demand for rubber products in various end-use industries, such as automotive, aerospace, construction, and medical, is driving the growth of the market

As per Fact.MR, the global farm tires market is valued at US$ 8.2 billion in 2023 and is forecasted to reach US$ 14 billion by 2033. Worldwide sales of farm tires are predicted to increase at a CAGR of 5.5% from 2023 to 2033.
Tractor sales are predicted to expand strongly over the coming years as more farmers become less dependent on labor, which will boost demand for tractor tires throughout the forecast period.
Farm tires, usually referred to as agricultural tires, are used on a variety of farm machinery and vehicles, including tractors, harvesters, and sowers. The employment of cutting-edge equipment in agriculture has significantly increased crop productivity. As a result, more and more farmers and producers are using agricultural machinery.

The global bio-based elastomers market is expected to be worth US$ 513 million in 2023 and US$ 1,901.8 million by 2033. During the forecast period of 2023 to 2033, the predicted growth rate is about 14%. The benefits provided by bio-based elastomers over crude oil-based elastomers regarding volatile organic compounds emissions are expected to contribute to the growth of the market according to Future Market Insights.

The global Paraffin Wax Market was valued at USD 7.2 Billion in 2022 and is projected to reach a value of USD 10.1 Billion by 2030 at a CAGR (Compound Annual Growth Rate) of 5.1% between 2023 and 2030 according to Vantage Market Research.

The ASEAN automotive aftermarket is expected to expand its roots at a steady CAGR of 8.5% during the forecast period. The market is likely to hold a revenue of US$ 24.56 billion in 2023, while it is anticipated to surpass US$ 55.53 billion by 2033 according to Future Market Insights.

The replacement consumer tires segment saw a decline of 12 per cent in Q1 2023 compared to Q1 2022. The replacement truck and bus tire market also declined, by 18 per cent. There was a similar pattern for agricultural tires, where sales dropped by 39 per cent compared to Q1 2022. Similarly, there was a drop in the sales of moto tires, though by only three per cent.