Market Reports

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.

Dimethyldichlorosilane, a vital organosilicon compound, consists of two methyl groups bonded to a silicon atom, each attached to a chlorine atom. Widely employed in the production of silicone polymers, it serves as a key intermediate in various industries, including adhesives, sealants, and coatings. Its reactivity with water and ability to crosslink with other silanes make it indispensable in creating resilient and versatile silicon-based materials.

The demand for automotive window and exterior sealing is also being driven by rising demand for electric vehicles (EVs). The growth of the electric vehicle market is creating new opportunities for window and exterior sealing manufacturers. EVs require specialized sealing solutions to protect sensitive electrical components and maintain energy efficiency.

By 2023 and 2033, the bio-based elastomers market is expected to be worth US$ 513 million and US$ 1,901.8 million, respectively according to Future Market Insights. During the forecasted period of 2023 to 2033, the growth rate is expected to be close to 14%. The advantages that bio-based elastomers have over those made from crude oil in terms of emissions of volatile organic compounds are anticipated to aid in the market’s expansion. The development of bio-based elastomers is a major focus for major crude oil-based elastomer producers.

Based on technology type, demand for pressure sensor is expected to increase at a CAGR of about 10% over the assessment period.
By region, Europe and East Asia are expected to be collectively account for a market share of more than 70.9% by 2032.
In terms of vehicle type, passenger vehicle segment is estimated to dominate the market holding more than 75.0% of the total market share.
Total sales in the U.S. market will reach a valuation of US$ 0.3 Bn in 2022.

The global latex coating market is on track to achieve remarkable growth, projected to reach a substantial valuation of $73.36 billion by 2030, from $50.77 billion in 2023, showcasing a robust Compound Annual Growth Rate (CAGR) of 5.4% according to Research and Markets.

The silicone makeup sponge market is anticipated to register a CAGR of 7% during the forecast period, up from US$ 638.58 Million in 2022 to reach a valuation of US$ 1256.19 Million by 2032 according to Future Market Insights.