Market Reports

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

The global liquid polybutadiene market is set to enjoy a valuation of US$ 353.6 million in 2022 and further expand at a CAGR of 6.1% to reach US$ 642.7 million by the end of 2032 according to Global Market Insights

The global medical tubing market size was worth around USD 10.5 billion in 2021 and is predicted to grow to around USD 17.0 billion by 2030 with a compound annual growth rate (CAGR) of roughly 5.5% between 2022 and 2030 according to Zion Market Research.

The global flexible rubber sheets market is expected to grow from $17.8 billion in 2022 to $25.3 billion by 2030, at a CAGR of 4.5% during the projection period 2023-2030.

The global industrial rubber market is expected to grow at 4.6 % CAGR from 2020 to 2029. It is expected to reach above USD 46.33 billion by 2029 from USD 30.91 billion in 2020 according to Exactitude Consultancy.