Market Reports

The global market for liquid silicone rubber is set to grow on account of a surge in the use of liquid silicone rubber in agriculture. The agricultural sector has seen substantial expansion and innovation, including industry disruptors like aquaponics (hydroponics), precision agriculture, and water desalination. For irrigation, accurate fertilizer and pesticide application, water filtering, and circulation treatments under unfavorable weather and field-erosive conditions, modern agricultural practices require cutting-edge innovation (such as bioengineering). As a result, the use of liquid silicone rubber is expanding due to its durability, salt resistance, and sanitation.

With a market value of approximately US$ 1.5 billion in 2022, surface protection films are making a significant impact globally. Forecasts for the period spanning 2022 to 2030 predict a steady ascent for the market, with a projected Compound Annual Growth Rate (CAGR) of 5.7%. This growth trajectory positions the global surface protection films market to attain a noteworthy valuation of US$ 2.3 billion by the conclusion of 2030 according to Future Market Insights.

In the competitive automotive silicone market, leading players like Henkel, 3M, Elkem ASA, and others are driving innovation through intensive R&D, focusing on durability, sustainability, and performance. Strategic partnerships, mergers, and acquisitions are key strategies to expand market presence and strengthen capabilities

The demand for aircraft tires is expected to rise due to advancements in tire manufacturing technologies, including the utilization of next-generation materials such as synthetic elastomer rubber and cross-linkable rubber. These materials offer enhanced durability and contribute to improved fuel efficiency by reducing tire weight. Additionally, the growing demand for aircraft in both combat and non-combat operations in the defense sector, coupled with increased government investments in aviation infrastructure, is expected to drive the market forward.

Analysis of carboxylated nitrile rubber market size by Research Nester reveals the market to grow with a CAGR of ~8% during 2024-2036 and attain $20 billion by 2036 according to Research Nester.

Microcrystalline cellulose (MCC) is known as a robust plant-derived ingredient consisting of remarkable functional properties that accurately suit its industrial applications such as a binder, thickening agent, filler, anti-cracking agent, fat replacer, disintegrate, emulsifying agent, absorbing agent, and many more.

The aforementioned functional properties of MCC make it a good fit as an ingredient in manufacturing several other products like cosmetics and personal care, paints and coatings, detergents, dye absorbers, rubber, etc. Among numerous end-use industries, the pharmaceutical industry is predicted to showcase steady growth over the next few years.

The global blow molded bottles market is on a growth trajectory, with estimations pointing towards a substantial valuation of US$ 94.6 billion by the conclusion of 2023 according to Future Market Insights. Furthermore, the sales of blow-molded bottles on a global scale are poised to witness a robust acceleration, boasting a Compound Annual Growth Rate (CAGR) of 4.8% from the year 2023 to 2033. In this trajectory, the global blow-molded bottles market is anticipated to unlock a significant market opportunity, projected at a staggering US$ 151.2 billion by the culmination of 2033.

The aircraft seals market is segmented into commercial aircraft, regional aircraft, helicopters, military aircraft, and general aviation. Commercial aircraft is expected to remain the largest and fastest-growing segment of the market during the forecast period. Airbus presented full-year 2022 and is targeting 720 commercial jet deliveries in 2023. However, supply chain disruption remains the major challenge for airframers to achieve these targets. A320 neo family, B737Max, A350XWB, and B787 are the major contributors to the market. Expected increases in the production rates of these aircraft programs are likely to help the industry stakeholders achieve their pre-pandemic levels in the coming years.

Compared with 2022, Original Equipment (OE) shipments for passenger, light truck and truck tires are expected to change by 7.9%, -4.0%, and -1.3% respectively, with a total increase of 3.0 million units. Replacement passenger, light truck and truck tire shipments are also projected to change by 0.2%, -5.6%, and -21.3% respectively, with a total decrease of 7.3 million units.