Market Reports

In the changed post COVID-19 business landscape, the global market for Rubber Process Oil estimated at US$1.7 Billion in the year 2020, is projected to reach a revised size of US$2.4 Billion by 2027, growing at a CAGR of 4.8% over the analysis period 2020-2027 according to Report Linker. Naphthenic, one of the segments analyzed in the report, is projected to record a 4.9% CAGR and reach US$903.2 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the TDAE segment is readjusted to a revised 5.3% CAGR for the next 7-year period.

The global bio-based elastomers market is expected to be worth $513 million in 2023 and $1,901.8 million by 2033. During the forecast period of 2023 to 2033, the predicted growth rate is about 14% according to Future Market Insights. 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.

The global natural rubber market demand reached a volume of 15.2 million metric tons in 2020. The demand is further expected to grow at a CAGR of 4.8% in the forecast period of 2023-2028 according to Expert Market Research.

The global silicone surfactant market is currently valued at US$ 2.08 Billion in 2023 and is anticipated to expand at a CAGR of 4.66%. Owing to the increasing cosmetic care industry the market is likely to propel to US$ 3.28 billion by 2033 according to Future Market Insights.

According to Market Growth Reports’ latest study, due to COVID-19 and Russia-Ukraine War influence, the global Nitrile Butadiene Rubber (NBR) market size was valued at USD 2602.2 million in 2021 and is forecast to a readjusted size of USD 3328.4 million by 2028 with a CAGR of 3.6% during review period.

According to a recent thermoplastic pipe market report by Future Market Insights (FMI), the thermoplastic pipe market was valued at US$ 2.5 Bn in 2021, is projected to reach US$ 8.5 Bn by 2032, and is anticipated to grow at a CAGR of around 4.5% over the projected period of 2022-2032.

The present-day valuation of the market for thermoplastic elastomers (TPEs) is US$ 21 billion, which is forecasted to reach US$ 38.8 billion by the end of 2032 according to MENAFN. Worldwide demand for thermoplastic elastomers is set to escalate at a CAGR of 6.3% over the next ten years.

The Polyol market size is estimated to be USD 36.7 Billion in 2022 and is projected to reach USD 49.3 Billion by 2027, at a CAGR of 6.1% according to Reportlinker.com. The polyols are segmented into two types i.e., polyether polyols and polyester polyols. Polyether polyols are majorly used in cushioning for furniture, bedding, and automotive seats as flexible foam. Polyether-based rigid foams are used in packaging, refrigeration, and insulation materials. Owing to the recovery of several end-use industries such as automotive, building and construction, from the COVID-19 pandemic, and the increasing demand for packaging worldwide is projected to increase the demand for polyols in the forecast period.

Condoms market industry analysis report by Persistence Market Research shows that global sales of the Condoms Market in 2021 were held at US$ 10.2 Bn. With 11%, the projected market growth during 2022 – 2032 is expected to be higher than the historical growth. Latex Condoms are expected to be the highest revenue-generating segment, accounting for a CAGR of nearly 11.2% during 2022 – 2032.

The global biodegradable gloves market stands at US$ 1.3 Bn as of now and is expected to reach US$ 10.2 Bn by the year 2032 at a staggering CAGR of 23% between 2022 and 2032 according to Future Market Insights.