Market Reports

Market ReportsNewsrss6

Rubber tape market forecast at $1.4 billion by 2032

In 2022, the market for rubber tapes is anticipated to generate US$ 914.3 Mn. Market valuation is anticipated to reach US$ 1.4 Bn in 2032, with sales increasing at a 4.4% CAGR. According to Future Market Insights, ethylene polypropylene rubber tapes will become the most popular product types on the worldwide rubber tapes market. Over the evaluation period, ethylene polypropylene rubber tape sales are anticipated to increase overall by 1.6 times.

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Market ReportsNewsrss6

Global agricultural tire market forecast at $10.4 billion by 2030

Agriculture tires, as the name implies are dedicated to complete farm or agriculture use. These tires have diagonal thread angled at 45 degrees. The treads provide maximum traction thereby allowing the tractor to move quickly through mud and soil. These are available in various sizes and diameter, for many kinds of equipment, including tractors, combine harvesters, sprayers, trailers, and skid steer loaders. These are made from supreme quality rubber for life long and better performance to remain durable on and off the field. They have substantial ribs and voids for traction in soft terrain. These tires have increased fuel efficiencies and hillside stability. Some tires have diamond tread design for minimal soil disruption.

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Market ReportsNewsrss6

Synthetic rubber market forecast at $28.9 billion by 2027

The Synthetic Rubber Market size is estimated to be USD 23.0 billion in 2022 and is projected to reach USD 28.9 billion by 2027, at a CAGR of 4.6% between 2022 and 2027, as per the recent study published by MarketsandMarkets™. Tire is the major application segment for synthetic rubber market. The recovery of automotive sector in the across the world is driving the synthetic rubber market during the forecast period. Moreover, the development of eco-friendly technologies for production of synthetic rubber and growing demand for electric & hybrid vehicles are new opportunities in synthetic rubber market.

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Market ReportsNewsrss6

Global thermoplastic elastomer market forecast with a CAGR of 7.2 percent by 2030

The global thermoplastic elastomer market size was valued at USD 21.45 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 7.2% from 2022 to 2030 according to Grand View Research. Increasing consumption across various applications such as automotive, electrical and electronics, industrial, medical, and consumer goods has been instrumental in the global industry growth over the last few years. Increasing demand in automotive component manufacturing is expected to be a major factor driving the global industry over the forecast period. Regulatory intervention by environmental agencies aimed at carbon emission reduction through an increase in fuel efficiency has forced major automotive OEMs to incorporate plastics as a substitute for metals and alloys in automotive components.

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Market ReportsNewsrss6

Global retread tire market forecast with a CAGR of 4.7 percent by 2031

In its new study, ESOMAR-certified market research and consulting firm, Future Market Insights (FMI), offers insights about key factors fueling the demand for Retread Tire. The report tracks the global sales of Retread tire in 20+ high-growth markets, along with analyzing the impact COVID-19 has had on the oil & gas industry in general, and retread tire in particular.

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