Market Reports

The global green tire market is anticipated to reach a value of US$ 78.6 Bn in 2032 while growing at a robust CAGR of 9.7% over the forecast period of 2022 to 2032. Valued at US$ 28.6 Bn in the year 2021, the green tire market is predicted to reach an estimated US$ 31.1 Bn by the end of 2022. Soaring demand for eco-friendly, lightweight, and fuel-efficient tires has fueled the green tire market to expand at a rapid pace during the projected period. The market growth of green tires is further influenced by the prevailing trends in the passenger vehicle segment in the upcoming years according to Future Market Insights

Silicone Fluid Market to surpass US$ 9.7 Billion by 2032, Says FMI. This latest report on global Silicone Fluid market provides analysis on regulatory landscape and profitable epidemiology. The study also tracks global sales of primary Silicone Fluid in 20+ high-growth markets, along with the detailed coverage of the impact COVID-19 had on the Silicone Fluid market.

Silicone Structural Glazing Market is projected to be worth USD 55.7 Billion by 2027, registering a CAGR of 7.6% during the forecast period (2020 – 2027) according to Market Research Future. The use of silicone adhesive along with the glass is known as the glazing technique. There is the use of metal and other panel materials for this purpose too. This silicone structural material is used as the sealant for construction. In both industrial and commercial buildings, the use of silicone structural glazing is prevalent.

The global elastomers market size will reach around USD 104.75 billion in 2023. According to Precedence Research, the global elastomers market size was estimated at USD 98.17 billion in 2022 and it is projected to hit around USD 165 billion by 2030 and growing at a CAGR of 6.71% from 2022 to 2030.Elastomers are polymers having weak intermolecular interactions between the molecules that have both elasticity and viscosity. Elastomers are mostly thermoset but thermoplastic types are considered for injection of molding application. Elastomers have temperatures below room temperature used for glass transition which provides them with flexibility beyond transition temperatures. Elastomers have a high demand in different end-use manufacturing units due to ample flexibility. Prominent products using elastomers include adhesives, molded flexible parts in automotive and seals.

The long-term outlook on oil and gas seals market remains positive, with revenues set to grow at 3.3% CAGR. Substantial increase oil & gas exploration activities and development of oil & gas distribution infrastructure across the globe are expected to remain key defining factors in the global oil & gas seals market.

The global nitrile gloves market is currently valued at around US$ 41 billion and is anticipated to expand at a stupendous CAGR of 23% through 2026, reveals Fact.MR analyst, a market research and competitive intelligence provider.

Future Market Insights reports the Middle East conveyor belts market is expected to grow at a CAGR of 4.6% during the forecast period. The market valuation as on 2022 stands at US$ 207.57 bn, and by 2032, the market is expected to be valued at US$ 325.45 bn. The Middle East conveyor belts market was valued at US$ 199.40 bn in 2021

The 15th 2021 Scrap Tire Management Report found that markets consumed 71 percent of annually generated scrap tires in 2021, down from about 76 percent reported in 2019. This decrease is due primarily to a nearly 13 percent increase in scrap tire generation, while markets to consume them increased by six percent. However, even with this small reduction, scrap tires outperform metal, glass, aluminum, plastic and paper recycling rates. Only automotive batteries and corrugated cardboard have a higher recycling rat

The Butadiene Market is expected to grow significantly to $29 billion by 2028 according to Vantage Market Research. The main reason behind this growth is the increasing demand for synthetic rubber. Synthetic rubber is made from Butadiene and is used in a variety of applications, such as tires, hoses, belts, and various other rubber products.

Global demand for rubber derived unrefined pyrolysis oil market is anticipated to witness a CAGR of 5.5% in Europe market, opines Future Market Insights (FMI). Increase in government initiatives to decrease the utilization of crude oil derived products to reduce the carbon footprint is expected to drive the market.