Market Reports

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.

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.Growing number of on-road vehicles with rise in demand for passenger cars, increase in material advancements by manufacturers, and rising number of manufacturing facilities, distributors, and suppliers in countries such as China, India, and the U.S. are driving demand for automotive and off-road vehicle hoses. Increasing demand for two wheelers and three wheelers in countries such as China and India is also accelerating market growth.

The U.S. Tire Manufacturers Association (USTMA) projects total U.S. tire shipments of 334.8 million units in 2022, compared to 335.2 million units in 2021 and 332.7 million units in 2019.

The silicone elastomers market size is expected to reach USD 15.29 billion by 2032, growing at a 10.3% CAGR from USD 5.74 billion in 2022 according to Future Market Insights.

Performance elastomers are polymers composed of long chains of atoms, primarily hydrogen, oxygen, and carbon, and consisting of
repeating units of a single monomer or numerous monomers. In comparison to other materials, elastomer has increased pressure, poor
intermolecular strength, and a low modulus of elasticity. They are potentially the most adaptable material due to their ability to revert to
their original shape when the forces producing deformation are eliminated. Engineering materials performance elastomers are
remarkably flexible.

The global medical tubing market size is expected to reach USD 19.50 billion by 2030. The market is expected to expand at a CAGR of 5.7% from 2022 to 2030. The rising respiratory diseases such as pulmonary fibrosis, asthma, and lung cancer are expected to increase the demand for medical tubing as it is a significant component of respiratory devices such as ventilators that facilitate breathing.

Global synthetic rubber market is valued at USD 39.3 billion in 2021 and is projected to reach a value of USD 56.0 Billion by 2028 at a CAGR (Compound Annual Growth Rate) of 6.10% over the forecast period 2022-2028 according to Vantage Market Research.