As per the study conducted by Future Market Insights, consumption of FKM Elastomers are estimated to grow with a CAGR of 3.0% to 5.0% during the coming forecast period of 2021 to 2031.
Read MoreThe December 2021 edition of the World Rubber Industry Outlook (WRIO) is now available. The current forecast in WRIO comprises two economic scenarios: Base Case Scenario rooted from the IMF’s base line GDP forecast; Downside Scenario which imply the continuation of the of the COVID-19 in the near-to-medium term and assess its implications for the rubber economy. Advanced economies seem to be more negatively impacted than emerging market economies and a gradual recovery back toward Base Scenario will only commence from 2026
Read MoreCarbon black has remained a key ingredient in the several industries ranging from the automobile to printing sector. However, an increasing demand for high-tech products is currently asking for more innovation in the global market. The increasing requirement for specialty carbon black is growing constantly as the consumers preference are constantly changing. The global specialty carbon black market is projected to exhibit an impressive CAGR of 4.5% during the mentioned period of forecast of 2019 to 2027.
Read MoreAccording to ChemAnalyst report from Research and Markets, “Butyl Rubber Market Analysis: Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, End-User Industries, Distribution Channel, Regional Demand, 2015-2030”. Butyl Rubber market witnessed a demand of around 1.4 million tons globally in 2020 and is anticipated to grow at a significant rate with a healthy CAGR of 3.9% until 2030 owing to its surging demand from the Automotive sector. Butyl Rubber is a synthetic polymer, produced by the copolymerization of isobutylene (98%) and isoprene (2%) therefore, also known as isobutylene-isoprene rubber (IIR Rubber). It comprises several significant properties such as chemical inertness, flexibility, low gas, and moisture permeability, good shock absorption, excellent weather & abrasion resistance, and resistance against ozone, and oxygen attack. All these properties of the elastomer make it an ideal material for inner tubes and high-pressure applications. In addition to inner tubes of tires, and high-pressure or vacuum tubes, it also finds applications in the production of wires and cables, gaskets, O-rings, Seals, diaphragms, Liners, hot melts, caulks, bottle closures, and weather stripping. It is also extensively used in adhesives and sealants as binders, and as modifiers. Moreover, it is a cost-effective material with a life span varying from 5-10 years
Read MoreThe Vietnam Rubber Association (VRA) forecasts that the global supply of natural rubber may lack due to the impact of the prolonged rainy season in some Asian countries at the end of 2021. Therefore, the export momentum is showing no sign of decreasing. Not to mention, when the scarcity of raw materials may maintain, the price of rubber latex will continue to increase or stay at a high level, thus improving the profit margin of businesses.
Read MoreSheridan, WY – The global silicones and siloxanes market reached a value of US$ 15.1 Billion and US$ 8.8 Billion
Read MoreAccording to ReportsnReports latest study, the global Automotive Rubber Molding market size is USD million in 2022 from USD 39500 million in 2021, with a change of % between 2021 and 2022. The global Automotive Rubber Molding market size will reach USD 50700 million in 2028, growing at a CAGR of 3.6% over the analysis period.
Read MoreVietnam is ranked third in the world in terms of rubber export value, with 3.24 billion USD in 2021, up 36.2 percent from the previous year, according to Vietnam’s Ministry of Agriculture and Rural Development (MARD).
Read MoreAllied Market Research published a report, titled, “Phenolic Resin Market by Type (Resol and Novolac), Application (Adhesives & Binding, Foundry, Molding, Laminates, Coatings, Foam, and Others) and End-use Industry (Electrical & Electronics, Automotive, Lumber, Building & Construction, Others): Global Opportunity Analysis and Industry Forecast, 2021-2030”. According to the report, the global Phenolic Resin industry generated $8.2 billion in 2020, and is anticipated to generate $12.6 billion by 2030, witnessing a CAGR of 4.4% from 2021 to 2030.
Read MoreThe Global Specialty Carbon Black Market was valued at USD 2.34 billion and is projected to exhibit a CAGR of 9.0% over the forecast period from 2021 to 2030 according to Quince Market Insights. Specialty carbon black is one of the purest grades of carbon black having the finest particle side. It is also a non-rubber grade of carbon black, which is used in various industries. Carbon black is basically used in manufacturing plastics, tires, mechanical rubber goods, toners, and printing inks. It can also absorb UV light and further converts it into heat. Thus, it finds its major applications and is used in insulating cables and wires. Furthermore, it is widely used to produce wide range of rubber pigments and products. In short it acts as a cost-effective rubber reinforcing agent used in tire
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