Rubber molding press market forecast with a CAGR of 11.9 percent through 2030

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

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Global farm tires market forecast at $14 billion by 2033

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.

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Global bio-based elastomer market forecast at $1.9 billion by 2033

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.

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European replacement tire sales are down for first quarter 2023

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.

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