Market Reports

The global latex mattress market is predicted to reach US$ 20 Billion by 2032, growing at a CAGR of 7% during the forecast period 2022-2032 according to Future Market Insights. As of 2021, the industry was valued at US$ 9.7 Billion, and is expected to reflect a Y-o-Y growth rate worth 5.1% to reach US$ 10.2 Billion by 2022.

The global market is anticipated to have a steady CAGR of 4.2% during the period from 2023 to 2033 according to Future Market Insights. The overall market size is predicted to expand from US$ 59.4 billion in 2023 to US$ 89.6 billion by 2033. Previously, the ethylene copolymers market was thriving at a CAGR of 3.5% from 2018 to 2022, resulting in a market size of US$ 57.4 billion in 2022.

In 2023, the Plastic-Rubber Composite Market is expected to be worth US$ 2,170.9 million. The market is expected to reach US$ 3,638.5 million by 2033, expanding at a 5.3 % CAGR throughout the forecast period according to Future Market Insights. In comparison to single materials, these composites offer better performance characteristics. These composites can improve the overall performance, safety, and comfort of automobiles by combining the qualities of both plastic and rubber, such as impact resistance, durability, noise reduction, and vibration dampening.

End-use industries are rapidly inclining towards synthetic rubber over natural rubber in the automotive tire industry which is expected to bolster growth in the styrene butadiene rubber market. Over recent years, the use of synthetic rubbers such as styrene-butadiene has witnessed impressive growth due to technological advancements coupled with rising applications in the industrial and automotive sectors. Backed by these factors, Future Market Insights (FMI) expects styrene butadiene rubber sales to reach US$ 18,079.6 Million in 2032.

The global retread tire market is predicted to be worth US$ 11.2 billion globally in 2023 and US$ 20 billion globally by 2033. Retread tire sales are anticipated to increase at a CAGR of 6% from 2023 to 2033 according to Future Market Insights.

Medical is estimated to be the largest application of micro injection molding machines between 2023 and 2028. The global coronavirus outbreak has surged the demand for medical equipment, including surgical devices, medical systems, and other instruments. Technical advancements in the field of medicine are also driving the use of micro components in medical procedures, improving patient outcomes. The intensified R&D in the medical industry is increasing the demand for micro injection molding equipment as well as medical micro parts.

The global tire recycling market size was valued at $12.9 billion in 2022, and is projected to reach $18.1 billion by 2032, growing at a CAGR of 3.4% from 2023 to 2032 according to Allied Market Research. Tire recycling is a process of converting old and scrap tires that can no longer be used, into other products, such as pyrolysis oil, tire-derived fuel, and other rubber products. Various small-scale vendors also repurpose old tires into other useful products such as drinking water tanks for cattle, planters for planting trees in parks, and other products. It also includes the repair and retreading of old tires for reuse. Tire recycling gives the tire a new use; therefore, reducing its carbon footprint.

The global aircraft tire market is projected to attain a valuation of US$ 1.8 billion in 2023 and is anticipated to reach US$ 3.3 billion by 2033 and is expected to increase at a CAGR of 6.2% during the forecast period according to Future Market Insights.

Cast elastomers are employed in body seals and weatherstrips to ensure proper sealing between vehicle body panels, doors, windows, and other openings. They offer flexibility, weather resistance, and sealing properties, preventing water, dust, and noise intrusion into the vehicle cabin. Cast elastomers are employed in automotive seating systems to enhance comfort and durability. They provide cushioning, impact resistance, and flexibility, ensuring comfortable seating for occupants.