Market Reports

Market ReportsNewsrss6

Global bio-based elastomer market forecast at $1.9 billion by 2033

The global bio-based elastomers market is anticipated to hold a market value of US$ 513 Million in 2023 and US$ 1,901.8 Million by 2033. The projected growth rate is nearly 14% during the forecast period from 2023 to 2033. 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. Major crude oil-based elastomer manufacturers are extensively engaging in developing bio-based elastomers.

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Market ReportsNewsrss6

Global mold release agents market forecast with a CAGR or 5.5 percent through 2032

The rapid surge in the organic growth of various end-user industries including automobile, aerospace, and office equipment, among others, and the extensive rise in the number of construction activities coupled with the growing proliferation of mold-release coated plastics and high expenditure on research & development related activities are primary factors driving the demand and growth of the global market. The use of these agents helps to significantly reduce the operational cost and time and further provide a greater surface finish and eliminate the issue of porosity

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Market ReportsNewsrss6

Global ethylene propylene diene monomer EPDM market forecast at $7.2 billion by 2029

BlueWeave Consulting in its recent study, estimates global ethylene propylene diene monomer (EPDM) rubber market size at USD 4.98 billion in 2022. During the forecast period between 2023 and 2029, BlueWeave expects global ethylene propylene diene monomer (EPDM) rubber market size to grow at a CAGR of 5.52% reaching a value of USD 7.22 billion by 2029

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Market ReportsNewsrss6

Thermoplastic polyolefin elastomer consumption expected to exceed 2,890 KT by the end of 2031 at 4.7 percent CAGR

The latest study by Fact.MR on the Thermoplastic Polyolefin Elastomers (TPO) market reveals that consumption over the past half-decade increased by 4% CAGR to 1,890 KT in 2020. TPO consumption is expected to exceed 2,890 KT by the end of 2031 at 4.7% CAGR. The key factor driving the growth of the market is the divestment opportunity being opted in by key stakeholders in the TPO industry.

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Market ReportsNewsrss4

Fast curing nitrile butadiene rubber market forecast at 6 percent through 2028

The market for fast curing nitrile butadiene rubber (nbr) is expected to grow at a CAGR of around 6% globally according to Mordor Intelligence. Major factor driving the market studied is the significant demand from automotive manufacturing segment, along with favorable outlook for the industrial activities. On the flip side, restrictions on use of phthalates in NBR formulations and other environmental regulations on rubber manufacturing and unfavorable conditions arising due to the COVID-19 outbreak is hindering the growth of the market.

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Market ReportsNewsrss6

Global robot operating system market forecast at $1.4 billion by 2031

Robot operating system, sometimes known as ROS, is a collection of open-source robotics middleware. However, it is not an operating system (OS); ROS is a collection of software frameworks for the creation of robot software. As such, it offers services such as hardware abstraction, low-level device control, the implementation of frequently used functionality, message-passing between processes, and package management that are intended for a heterogeneous computer cluster. In other words, ROS is a set of programming tools and code that assist projectors in running the computer code necessary to perform the action, as well as the infrastructure for doing so, such as messages travelling across processes

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