Market Reports

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.

Market by Regions
The southern region of India, especially Kerala and Tamil Nadu, boasts extensive natural rubber plantations. Leveraging their production capabilities, these states cater to both domestic and international markets. Cities like Chennai and Bengaluru serve as significant hubs for automotive and electronics manufacturing, driving demand for rubber compounds and contributing to increased revenue in the region.

The Injection Molders Market in Europe is poised for robust growth, with a projected compound annual growth rate (CAGR) of 4.1% expected throughout the forecast period. Over this time frame, the market’s value is forecasted to experience significant expansion, surging from an estimated US$ 2,330.1 million in 2023 to reach a projected US$ 3,481.2 million by 2033 according to Future Market Insights. This growth trajectory underscores the sustained demand for injection molding services in Europe, driven by factors such as technological advancements, diverse industrial applications, and the region’s evolving manufacturing landscape.

In 2022, surface protection film sales reached a significant valuation of approximately US$ 1.5 billion globally. Looking ahead to the period from 2022 to 2030, experts anticipate a steady compound annual growth rate (CAGR) of 5.7%, propelling the market to soar to a remarkable US$2.3 billion by the close of 2030 according to Future Market Insights.

According to Future Market Insights (FMI) and a recent market analysis, the worldwide zinc carbonate industry is expected to grow at a 3.8% CAGR between 2022 and 2032. ZnCO3, or zinc carbonate, is an inorganic chemical. It is also referred to as zinc spar, calamine, or smithsonite. White, crystalline, insoluble zinc carbonate is a powder or solid. It is utilized in many different products, including fertilizers, cosmetics, and medications. It comes in several grades, such as technical grade and pharma & food grade, depending on how it will be used.

The global demand for silicone elastomers is projected to experience a robust 10.3% annual growth, reaching a value of US$15.29 billion by 2032 according to Future Market Insights. This growth is primarily fueled by the escalating cost of natural rubbers, prompting increased adoption of synthetic rubbers within the silicone elastomers market. As industries shift away from natural rubbers due to their high prices, silicone elastomers have gained traction, especially in the industrial sector.

The competitive landscape of the industry includes key players such as ALBERDINGK BOLEY GmbH, Apcotex Industries Limited, Arkema group, ARLANXEO Group, Asahi Kasei Corporation, BASF SE, 3M Company, Celanese Corporation, Dow Chemical Company, LG Chem, Lubrizol (Berkshire Hathaway), Synthomer plc, Trinseo S.A., and Wacker Chemie AG.

The global rubber process oil market is estimated to grow majorly on account of rapid growth in automotive sector. The rubber industry plays a role in the automotive sector particularly in the consumption of Rubber Process Oils. As the global demand for automobiles continues to increase there is a rise in the need for Rubber Process Oils. In 2021, the worldwide revenue generated by the manufacturing industry reached approximately USD 2.80 trillion. This industry heavily depends on rubber products, like tires, gaskets, hoses and shock absorbers that are manufactured using Rubber Process Oils.

he cellular rubber market is expected to witness significant growth in the upcoming years due to various factors. According to Research Nester the global intraocular lens market is projected to reach a value of USD 14.66 Billion by the end of 2035 with an annual growth rate (CAGR) of 8.40% during the forecast period from 2023 to 2035. In 2022 the intraocular lens industry had a market size of USD 5.57 Billion. Cellular rubber, also known as foam rubber is a material that finds applications in diverse industries such as automotive, construction and aerospace. It is lightweight, durable and cost effective while offering insulation and shock absorption properties.