Market Reports

New York, NY – Europe silicone rubber market size is expected to reach a valuation of US$ 1.6 Bn by the end of 2022. Growth in the market is attributed to the rising application of liquid silicone rubber in healthcare, construction, and automotive industries according to FactMR.

Cast elastomers refer to the materials that can be stretched and do not instantaneously recover on release. These are thermosetting, as are synthetic and natural rubbers. The global cast elastomer market is being driven by increasing manufacturing activities in emerging economies and increasing demand from high-value end-use industries.

The global automotive silicone market size is projected to grow from USD 2.2 billion in 2022 to USD 3.1 billion by 2027, at a CAGR of 7.1% between 2022 and 2027. Increasing demand for automotive silicone from emerging markets and growth in transportation industry are driving the market according to Markets and Markets.

The global Nitrile Rubber (NBR) Latex market was valued at 2352.2 million in 2021 and is projected to reach US$ 4432.6 million by 2028, at a CAGR of 9.5% during the forecast period according to 24 Chemical Research.

Silicone elastomers market is expected to reach at USD 13.5 billion in 2027 at a CAGR of 7.4% during the forecast period according to Markets and Markets. Silicone elastomers are mainly used in the manufacturing of electrical insulation materials. They are also used in the aircraft industry for the development of insulating layers and high-temperature air ducts. Some silicone elastomers are also used in the manufacturing of sealants. Their physiological inertness makes them suitable for use in healthcare, especially for blood transfusions and in artificial heart valves & various prosthetic devices.

The ethylene copolymers market size is predicted to grow from US$ 57.4 Bn in 2022 to US$ 86.6 Billion in 2032. Previously, the ethylene copolymers market was thriving at a CAGR of 3.2% (2016-2021), resulting in a market size of US$ 55.43 Billion in 2021 according to Future Market Insights.

Market size is estimated to reach USD 239.13 Billion from USD 97.62 Billion in 2021, delivering a CAGR of 10.6% through 2030. The market growth is driven by the growing awareness about environmental damage incurred by vehicular emissions and the cumulative amount of pollutants emitted by the automobile industry according to ReportsandData.com

The global tire sensor market was valued at USD 6,638.85 Million in 2021, and it is expected to reach a value of USD 11,381.43 Million by 2027, at a CAGR of more than 9.40% over the forecast period (2022 – 2027) according to ResearchAndMarkets.com

As per the report published by Fior Markets, the global silicone gel market is expected to grow from USD 1.42 billion in 2019 to USD 2.39 billion by 2027, at a CAGR of 6.72% during the forecast period 2020-2027. The Asia Pacific market is anticipated to witness significant growth in China and India, owing to increasing the output in the chemical industry, increased investments in construction, chemical, electrical and electronics, and pharmaceuticals. The market in North America will have a positive impact, due to increasing use of silicone gel in pharmaceuticals and supportive government regulations and expenditure on healthcare industry. Europe is anticipated to be the fastest-growing market, owing to the increasing use of silicone in personal care goods and the presence of a large number of cosmetic manufacturers. Middle East region has supportive government regulations and is anticipated to fuel the market growth. Silicone gel acts as a catalyst support in the petrochemical industry for the production of chemical separation, polyolefin, filtration, and plastic products.

The defoamers market is estimated to clip a CAGR of 4.5% for the forecast period from 2022 to 2031. Rapid urbanization in developing countries, increasing number of smart city projects, and building & construction are some key factors fueling the growth of defoamers market. Defoamers’ market manufacturers are targeting high-growth end-use industries such as paints & coatings and paper &pulp for handsome ROI according to Transparency Market Research.