Market Reports

Silicone coating market size is forecast to reach US$8.6 billion by 2027 after growing at a CAGR of 5.8% during 2022-2027 according to Industry ARC. The silicone coatings are employed in various end-use industries such as building and construction, automotive, and others due to silicone water repellents features, which have a waterproofing tendency, this results in more durability. Moreover, for coating applications, silicon-based polymers are excellent materials because these compounds offer exceptional features such as high chemical, thermal, and UV resistance, as well as robust adherence to most surfaces. The silicone coating market is majorly driven by the growing demand from the consumer goods industry. Similarly, the expanding demand from the automotive industry is also fueling the growth of the silicone coating industry.

Future Market Insights (FMI), an ESOMAR-certified market research firm, in an updated edition of its report, revised the forecast to 8.7% CAGR. This revised forecast takes into account sluggishness induced by the global pandemic

Total export of rubber latex in January-February was 48,509 tons, raking in $76.88 million. The average price of rubber during this period was $1,585 per tons, indicating a minor decrease over the same period last year.

The global injection molding market size was estimated at USD 261.8 billion in 2021 and is anticipated to expand at a compounded annual growth rate (CAGR) of 4.8% from 2022 to 2030 according to Grand View Research. The market growth is expected to be driven by the increasing demand for mass production of thousands of identical components at lower costs coupled with design flexibility, precision from various end-user industries such as packaging, medical, and electronics. The global economic recovery has been jolted by the quick emergence of the omicron strain in 2021. High transmissibility and ability to infect the vaccinated may lead to the imposition of lockdown and cause supply chain disruptions.

Global Cellular Rubber demand is anticipated to be valued at US$ 8.4 Billion in 2022, forecast to grow at a CAGR of 5.91% to be valued at US$ 15 Billion from 2022 to 2032. Growth is attributed to increased demand for the automotive industries according to Future Market Insights

The global Neoprene Fabric market was valued at 1935.35 Million USD in 2021 and will grow with a CAGR of 3.04% from 2021 to 2027, based on research newly published report from 24Chemical Research

– The rubber additives market size is estimated to be USD 7.8 billion in 2021 and is projected to reach USD 9.3 billion by 2026, at a CAGR of 3.5% between 2021 and 2026 according to Markets and Markets. Rubber additives are used to improve the resistance of rubber against the effects of heat, sunlight, mechanical stress, and others. Different types of rubber additives are antidegradants, accelerators, and processing aids. Antidegradants include phenylenediamine, phosphite, phenolic compounds, and other chemicals. Accelerators comprise benzothiazole, sulfenamides, and others. Moreover, blowing agents, peptizers, and retarders are also used for processing rubber. The growth of the rubber additives market is primarily triggered by the growing automobile industry which in turn drives the need for rubber additives. The stringent government regulations foster manufacturers to comply with the environment standards. Thus, the government regulations coupled with the growing environmental concerns are expected to restrain the growth of the market. The opportunities for this market are rapidly increasing demand from the Asia-Pacific region and emergence of high-performance rubbers.

Silicones, also referred to as polydiorganosiloxanes by chemists, are stable and resistant to heat, electromagnetic radiation, and other diverse influences. Silicone fluids are odorless, transparent liquids that can resist extreme environments, such as heat, cold, and moisture. They can sustain temperatures ranging from below 60°C to +300°C. Moreover, silicone fluids are much stable than organic rubbers or polymers when exposed to UV and electromagnetic radiation. Its wide range of characteristics include excellent stability, low volatility, water repellence, and low surface tension. The fluids’ viscosity is determined by their molecular weight, although they are majorly liquid.

The global 1,3 Butadiene (BD) market was valued at 2468.95 Million USD in 2021 and will grow with a CAGR of 5.56% from 2021 to 2027, based on Research newly published report by the GrandResearchStore

Asia is the largest synthetic rubber production and consumption region around the globe, where synthetic rubber production and demand in 2020 were 8.365 million tons and 8.5 million tons separately, holding approximately 58.0% and 60.0% of global production and demand, while synthetic rubber production and demand in Europe were 3,645 kt and 3,160 kt separately as a percentage of about 25.3% and 22.2% of global total respectively. Synthetic rubber production and demand in the Americas were 2,403 kt and 2,420 kt, commanding about 16.7% and 17.0% of global total, respectively as reported by ReportLinker.