Market Reports

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.

The global polymer seals market achieved an estimated valuation of US$ 11.3 billion. Looking ahead, Future Market Insights (FMI) envisions a steadfast Compound Annual Growth Rate (CAGR) of 5.1% from 2022 to 2032, propelling an upward trajectory in market expansion. The versatile utility of polymer seals spans across various industries, encompassing oil & gas, aviation, aerospace, and automobile sectors on a global scale.

The global retread tire market is expected to attain a valuation of US$ 11.2 billion in 2023, and is projected to reach US$ 20 billion by 2033. From 2023 to 2033, sales of retread tires are likely to rise at a CAGR of 6% according to Future Market Insights.

The Global Synthetic Rubber Market is projected to grow at a CAGR of 4.6% from 2023 to 2030, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 29.31 Billion in 2022 and is expected to reach USD 42.03 Billion by the end of the forecast period.

The global Dimethyldichlorosilane Market is expected to grow at a robust CAGR of 8.5% from 2022 to 2032. The target market will accrue a revenue of US$ 2.48 billion by 2032, as opposed to US$ 1.19 billion in 2022 according to Future Market Insights. This growth can be attributed to escalating demand for silicon that can work as a suitable sealant for aircraft and electronic motors. The increasing popularity of green tires will further augment the sales of dimethyldichlorosilane in the global market during the forecast period.

The silicone market is consolidated, with most of the share accounted for by key players. Some of the market’s major players include Wacker Chemie AG, Dow, Shin-Etsu Chemical Co. Ltd, Momentive, and Elkem ASA, among others.

The global automotive silicone market is projected to witness substantial growth, reaching USD 3.4 billion by 2028, with a CAGR of 7.3% from USD 2.4 billion in 2023 according to Research and Markets.

One of the most profitable markets for zinc carbonate is the rubber industry. Zinc carbonate is a commonly used raw material in the production of rubber. It is used to increase the translucency or transparency of natural rubber. It could also be used as a flame retardant by acting as a fireproofing filler in high-temperature rubber. Rising demand for rubbers from various end-use industries is expected to boost zinc carbonate market during the forecast period.

Leading global tire manufacturers have a significant presence in the European market. Companies such as Michelin, Bridgestone, Continental, Goodyear, Pirelli, and Dunlop are well-established and have strong brand reputations. These manufacturers offer a wide range of tire options for various vehicle segments and have a robust distribution network across Europe.