Market Reports

Sealants are widely used in the construction industry because of their applications, such as waterproofing, weather-sealing, and crack sealing. The global construction industry is expected to grow at 3.5% per annum up to 2030. Countries such as China, India, the United States, and Indonesia are expected to cover 58.3% of overall construction growth, due to which construction sealants cover the largest share of the global sealants market share by value.

The demand for medical gloves has increased due to the continuously rising number of surgeries, major chronic diseases, improved healthcare systems, and the essential nature of surgical gloves are some of the primary growth drivers for the market. According to our research report, Worldwide Medical Gloves Market is expected to grow with a double digit CAGR of 7.65% from 2022 to 2027.

The market for butyl elastomers is estimated to be worth US$ 4.22 billion in 2022 and to grow at a CAGR of 6% to reach US$ 7.46 billion by 2032 according to Future Market Insights.

The liquid silicone rubber market is expected to hold a valuation of US$ 6.9 billion in 2023. The market is expected to witness a 3.9% from 2023 to 2033. By 2033, the value is expected to cross US$ 10.1 billion according to Future Market Insights.

Truck tires need to be replaced on a regular basis as trucks hold low optimum time. Replacement tires are considered more cost-effective option as opposed to OEM tires owing to easy availability and no need for specific customization. In terms of sales channel, the aftermarket segment accounted for 55.0% share of the global industry in 2021. This can be attributed to rise in the usage of truck, bus, and radial (TBR) tires in the aftermarket sector owing to the increase in number of on-road buses and trucks globally. As per the TBR tire market forecast by TMR, the aftermarket segment is anticipated to expand at rapid pace during the forecast period.

Medical Grade Silicone, a biocompatible material, is used in the manufacturing of many medical devices. It is known for its ability to heal wounds, reduce scarring, and provide comfort. It is used in the manufacture of hydrocephalus (shunts) that aid in draining excess fluid from the brain. Silicone gel is used in many applications, including prosthetics and implants. It can also be used for transdermal and topical wound care applications. They can also be used in other medical applications such as comfort and skin pads. Silicone for medical use is medical grade. It’s used in disposable and implantable medical devices that require high safety standards and performance. Instruments that use Medical Grade Silicone, such as heart pumps and defibrillators have critical functions. They also employ biocompatible, hydrophobic, and silicone reconstructive properties.

The growing demand for improved performance and low rolling-resistance tires is expected to provide growth opportunities for the market. According to latest research from Future Market Insights, the demand of polybutadiene rubber (PBR) is anticipated to grow with a steady growth rate of about 4.0% to 6.0% in between the coming assessment period of 2021-2031.

The Worldwide Fumed Silica Market Size is expected to reach USD 2,708 Million by 2030, at a CAGR of 6% during the forecast period 2022 to 2030. The fumed silica market has grown because it is extremely adaptable and can be used in both consumer and industrial goods according to Spherical Insights.

The global medical adhesives market size was USD 8.87 Bn in 2022 and is likely to reach USD 16.41 Bn by 2031, expanding at a CAGR of 7.6% during 2023–2031. The market growth is attributed to the rising demand for medical adhesives over traditional wound closure techniques such as stitches