Market Reports

In-depth analysis in the brand new Smithers report – The Future of Connected Tires to 2029 – shows that sales worldwide will top 91,000 units for the first time in 2024, with a value of $23.23 million. Across the next five years value will increase rapidly at a compound annual growth rate (CAGR) of 50.5% driving value to $179.51 million in 2029, at constant prices; with volume sales climbing to 871,000 units.

Analysis of TBR Tire Market Size by Research Nester Reveals the Market to Grow with a CAGR of 7.6% During 2024-2036 and attain USD 43.1 billion by 2036. Research Nester assesses the growth and market size of the TBR tire market, which is anticipated due to the widespread adoption of electric vehicles credited to the implementation of strict regulations for vehicle emissions. As a result, governments across the world have imposed strict emission regulations on automakers.

The Association of Natural Rubber Producing Countries (ANRPC) reports that in the first seven months of 2024, global natural rubber (NR) production saw a slight increase of 0.7%, reaching 7.1 million tons. In contrast, global NR demand grew at a faster rate of 1.2%, totaling 9.0 million tons. Despite the tight supply situation that pushed up rubber prices, market sentiment remained subdued due to several factors: the Federal Reserve’s decision to keep interest rates unchanged, concerns about a potential recession in the U.S., and the weakening U.S. dollar, which has exerted downward pressure on both physical and futures market prices.

The global styrene butadiene rubber market will reach a valuation of USD 11.5 billion in 2024, attributed to factors such as automotive industry growth. The trend is set to create new opportunities for the market, leading to a projected CAGR of 5.5% between 2024 and 2034, and reaching a total valuation of approximately USD 19.7 billion by 2034 according to Future Market Insights.

The industrial overview for the polyacrylate rubber industry is marked by growing demand from sectors requiring high-performance materials capable of withstanding extreme conditions. As per estimations by Research Nester Analytics, the market for polyacrylate rubber size is poised to reach USD 86 Billion by the end of 2036, growing at a CAGR of 10% during the forecast period. In the year 2023, the industry size of polyacrylate rubber was over USD 3 Billion. As industries continue to innovate and prioritize reliability, the demand for polyacrylate rubber is expected to rise, driving market growth and technological advancements.

orldwide revenue from the Cast Elastomers Market reached $1.45 billion in 2023 and is projected to increase at a CAGR of 5% to climb to US$ 2.49 billion by the end of 2034 according to FactMR.

The growth of the green tire industry is driven by increasing environmental awareness, stringent government regulations on carbon emissions, and the rising demand for fuel-efficient vehicles. Consumers are increasingly opting for eco-friendly products, and green tires, made with sustainable materials and energy-efficient production methods, fit this demand. Advances in technology, such as the development of low rolling resistance tires, also contribute to the industry’s expansion, as they help reduce fuel consumption and emissions. Additionally, the growing popularity of electric vehicles, which require specialized tires, further boosts the market.

Global Performance Elastomer Market is valued approximately at USD 18.19 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 7.29% over the forecast period 2024-2032 according to ReportOcean.com. Performance elastomers are a unique class of polymers characterized by their remarkable flexibility and resilience, allowing them to revert to their original shape upon the removal of deforming forces.

The high-temperature sealants industry is thriving, driven by demand across sectors like automotive, aerospace, and manufacturing. Industries are increasingly pushing the limits of material performance, requiring sealants that can endure extreme conditions without compromising safety or efficiency.
As per predictions the high-temperature sealants market size was over USD 5.21 Billion in 2023 and is anticipated to reach USD 9.95 Billion by 2036, growing at around 5.1% CAGR during the forecast period i.e., between 2024-2036.

Global Synthetic Latex Polymers Market is valued at approximately USD 40.6 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 5.5% over the forecast period 2024-2032 according to Report Ocean. Synthetic latex polymers, often referred to as synthetic latex, are manufactured materials comprising polymer particles dispersed in water. Created via emulsion polymerization involving monomers such as styrene, butadiene, acrylic acid, vinyl acetate, or ethylene, these polymers are critical in multiple industries due to their durability, flexibility, and adherence properties.