Market Reports

he silicone elastomer market size is projected to surpass US$ 5.5 billion in 2023 and is likely to attain a valuation of US$ 10.6 billion by 2033. The silicon elastomer market share is expected to rise at an astounding CAGR of 6.7% from 2023 to 2033 according to Future Market Insights.

The Europe Injection Molding Machines Industry is poised for significant growth, with a projected compound annual growth rate (CAGR) of 4.3% expected during the period spanning from 2023 to 2033 according to Future Market Insights. Over this timeframe, the market’s size is anticipated to undergo substantial expansion, increasing from an estimated US$ 3,475.3 million in 2023 to a projected US$ 5,288.9 million by 2033. Notably, the market achieved a valuation of US$ 3,339.4 million at the conclusion of 2022, and it is predicted to exhibit year-on-year (y-o-y) growth of 4.1% in the year 2023.

Key Takeaways from the Market Study
The global paints and coatings market is projected to grow at 5.1% CAGR and reach US$ 263,205.3 million by 2033
The market reached a valuation of US$ 151,891.2 million in 2022 growing at a CAGR of 2.7% between 2018 to 2022
Architectural application is estimated to grow at a CAGR of 4.8% during the forecast period
The U.S. paints and coatings market is estimated to reach a valuation of US$ 23,159 million by the end of the year 2033
The market of paints and coatings in China is expected to grow at a rate of 7.7% by the year 2033
South Korea’s paints and coatings market is estimated to reach a valuation of US$ 6,984.6 by 2033.

The global paintings and coatings industry is a vital sector of the global economy that includes companies that manufacture and distribute a wide range of products, including architectural and industrial coatings, automotive paints, and wood coatings. This industry is driven by technological advancements, consumer trends, and government regulations.

Expanding at a steady CAGR of 4.4% from 2023 to 2033, the global Automotive Mats Market is forecasted to reach a valuation of US$ 51.7 billion by 2033-end. This study by Fact.MR, a market research and competitive intelligence provider, suggests that more companies will make a move to manufacture automotive mats with sustainable materials in the future.

The global airless tires market is expected to grow at a 5.4% CAGR and reach a value of US$ 85 million by 2033, up from US$ 50 million in 2023 according to Fact.MR. Airless tires, despite their pneumatic appearance, are constructed from solid polyurethane with a distinctive saw-toothed tread. They deliver the same bounce and load-bearing capabilities as air-filled tires but eliminate the need for frequent inflation maintenance. Unlike foam-filled alternatives, the solid rubber composition of airless tires provides a quiet, smooth roll with added shock absorption. These tires can traverse obstacles like glass, nails, and stones without deflating, as they lack tubes. Furthermore, their chemical and heat resistance surpasses that of pneumatic tires, ensuring durability. Airless tires excel in noise reduction, rollability, and floor protection compared to their counterparts.

In 2023, it is expected that the market for plastic-rubber composites will be valued US$ 2,170.9 million. The market is projected to reach US$ 3,638.5 million by 2033, expanding at a 5.3% CAGR over that period according to Future Market Insights. When compared to single materials, these composites offer better performance features. These composites improve the entire functionality, safety, and comfort of automobiles by combining the advantages of both plastic and rubber, such as impact resistance, durability, noise reduction, and vibration dampening.

The market for bio-based elastomers is anticipated to reach US$ 513 million in 2023 and US$ 1,901.8 million in 2033, respectively according to Future Market Insights. It is anticipated that the growth rate will be close to 14% from 2023 to 2033. The market is expected to grow as a result of the advantages that bio-based elastomers have over those made from crude oil in terms of emissions of volatile organic compounds. For significant crude oil-based elastomer producers, the development of bio-based elastomers is a top priority.

The global epoxy curing agents market is expected to witness a healthy CAGR of around 4.6% during the forecast period from 2023 to 2033. The global market is currently valued at around US$ 3,658.7 million in 2023 and is anticipated to reach a high of about US$ 5,740.0 million by the year 2033 according to Future Market Insights. In addition to that, epoxy-curing agents are highly employed as primers for protective coatings. According to FMI’s historic analysis, the global epoxy curing agents market grew at a CAGR of 3.7% in 2022. The growth of the market is supported by evolving trends such as the replacement of dicyandiamide curing agents have a direct impact on the dynamics of the epoxy curing agents industry.

The unique properties of pyrogenic silica, such as its high surface area and excellent dispersibility, make it a preferred choice in enhancing the performance of these products. Moreover, the surge in construction activities, particularly in emerging economies, is boosting the demand for paints and coatings, further fueling the growth of the pyrogenic silica market. Additionally, the growing automotive industry, where pyrogenic silica finds application in tire manufacturing, contributes to the market’s expansion.