Market Reports

The global market for Silicone Defoamers was estimated to be worth US$ 2910 million in 2024 and is forecast to a readjusted size of US$ 4043 million by 2031 with a CAGR of 4.5% during the forecast period 2025-2031 according to QY Research

The International Rubber Study Group (IRSG) has released its Rubber Industry Report (July–September 2025), providing an updated assessment of global rubber demand, supply and trade developments for the first half of 2025.

The Plastics Industry Association (PLASTICS) Chief Economist, Dr. Perc Pineda, has released a new economic analysis showing that despite limited federal data availability due to the U.S. government shutdown, the nation’s automotive market remains fundamentally strong—supported by resilient consumer demand, steady production, and continued opportunities for plastics manufacturers.

The Conductive Silicone Rubber Market Size valued at USD 19.61 Billion by 2034 with a CAGR: 8.3% according to Polaris Marketing Research and Consulting. The global conductive silicone rubber market is on the rise, mainly due to its unique characteristics—such as electrical conductivity, flexibility, and thermal stability. Conductive silicone rubber is considered an advanced material and serves multiple applications across industries such as electronics, automotive, healthcare, and energy due to its exceptional performance in extreme environments.

The global medical elastomer market is set to reach $19.2 billion by 2032, growing at a compound annual growth rate (CAGR) of 9.7% from 2024, according to a report by Acumen Research and Consulting. This growth is driven by advanced material innovations, rising demand for disposable medical devices, and expanding healthcare infrastructure worldwide.

The cast elastomers market size is projected to grow from USD 1.87 billion in 2025 to USD 2.38 billion by 2030, registering a CAGR of 5.0% during the forecast period according to MarketsandMarkets.

The increasing demand for cast elastomers is due to their advantageous mechanical characteristics, such as excellent abrasion resistance, durability, and flexibility, which allow them to perform well under extreme, demanding conditions. Industries like mining, oil & gas, automotive, and manufacturing all rely on cast elastomers for components that will withstand wear, impact, and chemical exposure. The increasing implementation of automation and high-performance equipment is also increasing the demand for materials with longevity and low maintenance. The customization of cast elastomers for specific applications is driving global demand, particularly in emerging economies.

The U.S. non-automotive rubber transmission belts market is on a steady growth trajectory, projected to reach a valuation of USD 1.85 billion by 2032, according to a recent report by Polaris Market Research. This expansion reflects a compound annual growth rate (CAGR) of 3.4% from 2024 to 2032.