Market Reports

The European Union has placed strict norms with respect to worker and food safety. The food processing sector has undergone some tremendous advancements which has increased the need for NBR latex disposable and reusable gloves.
Gloves play an important role in handling food items as they serve two purposes: one is that the food does not come in direct contact with the worker’s hands, thereby keeping the items safe from contamination. The other purpose is that the worker is safe from getting any food particles on his hands, helping him work on other processes with ease. These gloves have high rebound resilience and great resistance to wear and tear, increasing their demand among end-users in the food processing industry in Europe.

The global rubber processing chemicals market features a fairly competitive landscape, notes Transparency Market Research (TMR). The top four players—BASF SE, Lanxess Aktiengesellschaf, Akzo Nobel N.V., and Eastman Chemical Company—accounted a combined share of nearly 41% in 2015. Leading players are likely to retain their dominance on account of their wide product portfolio and a robust geographic reach. Some of the other prominent manufacturers in the rubber processing chemicals are Emerald Performance Materials, Solvay, Merchem Limited, China Petroleum & Chemical Corporation, and Sumitomo Chemical Company.

– The global Modified Silicone market was valued at US$ 634.4 million in 2020 and it is expected to reach US$ 857.5 million by the end of 2027, growing at a CAGR of 4.4% during 2021-2027.

– The global highly reactive polyisobutylene (HR-PIB) market was valued at US$ 330.6 Mn in 2021. It is estimated to grow at a CAGR of 7.0% from 2022 to 2031. The global highly reactive polyisobutylene (HR-PIB) market is expected to reach US$ 607.9 Mn by the end of 2031 according to Transparency Market Research.

Economic activity in the manufacturing sector grew in July, with the overall economy achieving a 26th consecutive month of growth, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®.

Rubber is a staple commodity in industrial supply chains but the price is extremely volatile and is currently at record lows. Indonesia, Thailand, and Malaysia account for almost 70% of natural rubber and they have cut their exports as a result of plummeting prices. Thus, there is a shift towards synthetic rubbers such as hydrogenated nitrile butadiene rubber, especially in emerging economies. As the world’s population is growing rapidly, urbanization is the need of the hour. A large middle class demands real estate and self-mobility as both are usually viewed as a status symbol. Synthetic rubbers find widespread application in high-performance products directly contributing to the growth of the hydrogenated nitrile butadiene rubber market.

Report Oceans recently published a study in which it evaluated the growth of elastomers in the 3D printing market. The organization estimates that the elastomers market will reach 1.389 billion dollars within eight years, with an annual growth of 22.5% from 2022 to 2030. The healthcare and automotive sectors are expected to be the two markets that will largely be responsible for this increase. One big reason that suggests that is the fact that elastomers have many interesting properties for these two demanding sectors.

The U.S. Tire Manufacturers Association (USTMA) projects total U.S. tire shipments of 342.1 million units in 2022, compared to 335.2 million units in 2021 and 332.7 million units in 201

The Silicone Market is estimated at USD 17.8 Bn in 2022 & strengthening the market value to USD 31.2 Bn by 2030, at Compound Annual Growth of 7.47% according to Market Data Centre. The Silicone Market is projected to grow at a solid pace during the forecast period. The presence of key players in the ecosystem has led to a competitive and diverse market. The advancement of digital transformation initiatives across multiple industries is expected to drive the worldwide Silicone Market during the study period.

The global silicone sealants market was valued at USD 3.78 billion in 2021 and is projected to reach USD 6.50 billion by 2030, registering a CAGR of 6.2% from 2022 to 2030 according to Strait Research. Asia Pacific region held the highest share of the silicone sealants market in 2020, up to 45 percent.