Market Reports

Rubber is a popular resin in the splicing tapes market and is predicted to grow at a CAGR of 4.4% between 2022 and 2032

The global key manufacturers of Silicone Coatings include Wacker Chemie, Momentive Performance Materials, Shin-Etsu Chemical, Dow Silicones, KCC, Evonik, BASF, Chase and CHT, etc. In 2021, the global top five players had a share approximately % in terms of revenue.

According to the report from InBox, the global injection molding machine market is expected to reach $64B by 2030, growing at a CAGR of 2.6% during the forecast period from 2022 to 2030. The expansion will be attributed to the rising demand for plastic products from various end-use industries such as automotive, packaging, healthcare, and consumer goods.

As per Fact.MR’s analysis, the global automotive and off-road vehicle hoses market is expected to expand steadily at a CAGR of around 5.4% from 2021 to 2031.

Rising usage of phenolic resins across various applications including wood adhesives, molding, insulations, laminates, paper impregnation, coatings, and other applications such as abrasives, composites, carbon binders, friction materials, sound-roof bonding felt, and tires & rubbers are likely to present lucrative opportunities for phenolic resins during the forecast period.

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.

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

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

Phenolic Resin Market Report is Expected to Grow from $13 Billion in 2022 to $17.92 Billion by 2030 at a CAGR of 4.1 % according to GreyViews