Market Reports

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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Carbon Black, Silica & Reinforcing MaterialsMarket ReportsNewsrss6

Carbon black market forecast at $23 billion by 2027

The global carbon black market size grew from $16.5 billion in 2022 to $17.91 billion in 2023 at a CAGR of 8.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term, but carbon black market size is expected to grow to $23.39 billion in 2027 at a CAGR of 6.9%.

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Market ReportsNewsrss6Silicone & Medical

Silicone coatings market forecast with a CAGR of 6 percent through 2032

Revenue from the global silicone coatings market currently stands at US$ 6.64 billion. Worldwide consumption of silicones coatings is projected to increase at a CAGR of 6% from 2022 to 2032, as per a new analysis by Fact.MR, a market research and competitive intelligence provider.
The silicone coatings market will be primarily driven by trends of industrialization and urbanization across the world. Rising construction activities, increasing use of silicone coatings in automotive manufacturing, and growing popularity of the features of silicone coatings are expected to favor market growth. However, high costs of production and increased availability of low-cost alternatives are anticipated to have a hindering effect on the demand growth of silicone coatings over the coming years.

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Market ReportsNewsrss6

Global sealants market forecast with a CAGR of 6.2 percent through 2028

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.

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