Market Reports

A recent study conducted by the strategic consulting and market research firm BlueWeave Consulting revealed that the South Africa tire market was worth USD 2.2 billion in 2021. The market is projected to grow at a CAGR of 4.8% during the forecast period (2022-2028), earning revenue of around USD 3.0 billion by the end of 2028. South Africa tire market is growing owing to the growing automotive industry, increasing demand for electric vehicles, and growing industrialization in the country. Moreover, the growing penetration of Chinese and cost-effective tires is also fueling the growth of the South Africa tire market.

According to a new study by Future Market Insights (FMI), the global bicycle tire market is expected to be valued at ~US$ 6.4 Bn in 2021. Rising demand on environment-friendly modes of commuting is expected to help the market gain impetus in the coming years

Pune, India – The global rubber transmission belts market was valued at around US$ 5 Bn in 2017 and is projected to

The market is majorly driven by the surge in demand for electronics and stabilizing the construction and automotive market. Silicone polymers, including sealants, are finding applications in almost every delicate aspect of life. Be it used as an active pharmaceutical ingredient, medical device applications, or drug delivery systems. Silicone sealants offer greater protection for electronic applications to ensure longevity and better dissipation of heat to reduce damage and increase efficiency. The global silicone sealants market is consolidated. The top 6 suppliers hold an 80% market share in the silicone industry, while most of those vendors manufacture and supply silicone sealants.

In 2020, the global Rubber Gloves market size was US$ 10770 million and it is expected to reach US$ 18700 million by the end of 2027, with a CAGR of 8.3% during 2021-2027 according to Valuates Reports. Rubber gloves, as the name implies, are gloves made of various types of rubbers, either in a combination with other materials, such as textiles, plastics, or only rubber. They cover a wide range of applications, ranging from medical gloves to utility gloves for almost any kind of work.

The Liquid Silicone Rubber (LSR) Market is likely to witness an impressive CAGR of 10.2% during the forecast period. Rapid development in the medical and electrical & electronics applications and fast progress in the improvement for medical grade LSRs are the prime factors governing the global LSR market.

As per the latest study by FMI, the global isoprene rubber latex market is expected to total US$732.5 Mn in 2021. Increasing application of isoprene rubber latex across consumer goods, industrial, and medical industries are estimated to fuel the demand in the market

Hydrogenated Nitrile Butadiene rubber market is set to grow at a compound annual growth rate (CAGR) of 8% from 2019 to 2027, as per Transparency Market Research. The growth will help the market worth increase from USD 31.5 mn. in 2018 to USD 63 mn. by 2027.

The global rubber processing chemicals market stood at a revenue worth of US$3.4 billion in 2015. Rising at 4.7% CAGR during 2016–2024, the global market is projected to touch a valuation of US$5.1 billion by 2024 end.