The global bio-based elastomers market is expected to be worth US$ 513 million in 2023 and US$ 1,901.8 million by 2033. During the forecast period of 2023 to 2033, the predicted growth rate is about 14%. The benefits provided by bio-based elastomers over crude oil-based elastomers regarding volatile organic compounds emissions are expected to contribute to the growth of the market according to Future Market Insights.
Read MoreThe global Paraffin Wax Market was valued at USD 7.2 Billion in 2022 and is projected to reach a value of USD 10.1 Billion by 2030 at a CAGR (Compound Annual Growth Rate) of 5.1% between 2023 and 2030 according to Vantage Market Research.
Read MoreThe ASEAN automotive aftermarket is expected to expand its roots at a steady CAGR of 8.5% during the forecast period. The market is likely to hold a revenue of US$ 24.56 billion in 2023, while it is anticipated to surpass US$ 55.53 billion by 2033 according to Future Market Insights.
Read MoreThe replacement consumer tires segment saw a decline of 12 per cent in Q1 2023 compared to Q1 2022. The replacement truck and bus tire market also declined, by 18 per cent. There was a similar pattern for agricultural tires, where sales dropped by 39 per cent compared to Q1 2022. Similarly, there was a drop in the sales of moto tires, though by only three per cent.
Read MoreKey Takeaways from Market Study
The global synthetic latex polymers market is valued at US$ 65.5 billion in 2023.
Sales of synthetic latex polymers are forecasted to increase at a CAGR of 4.2% from 2023 to 2033.
Demand for synthetic latex polymers is predicted to expand at a CAGR of 2.8% through 2033 in Germany.
Sales of synthetic latex polymers are anticipated to advance at a CAGR of 3.5% in Canada.
Green tires are designed with aerodynamics and lightness in mind, both of which are critical for maintaining a firm grip on the road. These tires also use a tightly bonded rubber in the tread blocks to retain more energy while driving, resulting in lower rolling resistance and, as a result, less engine power is required to rotate the tire. A tire’s rolling resistance can account for up to 30% of a vehicle’s fuel consumption and a quarter of its CO2 emissions. Reduced rolling resistance reduces the vehicle’s carbon footprint
Read MoreThe rubber tapes market is anticipated to grow steadily over the coming years, 4.4% CAGR, and reach US$ 1.4 Bn in 2032. Between 2022 and 2032, rubber tape sales are anticipated to increase by 1.6 times as a result of rising demand from the electronics and construction industries according to Future Market Insights.
Read MoreKey Takeaways from Market Study
The global automotive tire molds market amounted to US$ 1.56 billion in 2023.
Worldwide demand for automotive tire molds is projected to increase at a CAGR of 4.4% from 2023 to 2033.
The global market is estimated to touch US$ 2.39 billion by the end of 2033.
Asia Pacific dominated the global market with 63% share in 2022.
The market in China is anticipated to expand at a CAGR of 5.2%.
The global market for Elastomer Coated Fabrics estimated at US$11.6 Billion in the year 2022, is projected to reach a revised size of US$18 Billion by 2030, growing at a CAGR of 5.6% over the period 2022-2030. Silicone Coated Fabrics, one of the segments analyzed in the report, is projected to record 5.5% CAGR and reach US$6.8 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the TPU Coated Fabrics segment is readjusted to a revised 5.9% CAGR for the next 8-year period.
Read MoreGrinding Mill Liner Market Types refer to the different materials used to construct mill liners, including Metal Mill Liners, Rubber Mill Liners, and other materials such as ceramics and composites. Each type offers unique advantages and is chosen according to the specific needs of the industry.
Grinding mill liner is an essential component of any mining operation, playing a critical role in the milling process. It ensures the protection of the mill shell from any impact and abrasion, enables optimal grinding conditions, and prolongs the lifespan of the mill. The Grinding Mill Liner market has been growing steadily, driven by the rising demand for minerals and metals, which has led to an increase in mining activities worldwide.
