Market Reports

Market ReportsNewsrss5

Global RTV silicone market forecast at $1.6 billion by 2028

A report from EmergenResearch of the global RTV silicon market size shows the market is expected to reach USD 1.61 Billion in 2028 at a CAGR of 4.0% during the forecast period. Growing demand for electric vehicles, innovation and advancements in electronic components, and increasing demand for medical devices are key factors boosting revenue growth of market. RTV silicone, also known as room-temperature-vulcanizing silicone, has physical properties such as high resistance to water, temperature, and chemicals. These remarkable physical properties of RTV silicone have boosted its demand and application in various end-use industries over the recent years. It is also widely used in molding and production casting of resins, plaster, and low melt metal alloys such as zinc, pewter, and tin, among others

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Market ReportsNewsrss2

Tire derived fuel market to expand 2.9 percent CAGR by 2026

The global tire derived fuel market is expected to witness a steady but slow growth in the near future. The market is expected to ride a wave of hope and optimism as instability in fuel producing continue to experience instability, driving higher prices. The global tire derived fuel market is also witnessing brighter prospects, thanks to growing demand for energy efficiency and conventional fuel usage. Some key players in the global tire derived fuel market are Liberty Tire Recycling, Ragn-Sells Group, Lakin Tire West Inc., ResourceCo Pty Ltd., Emanuel Tire, Renelux Cyprus Ltd. 

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Market ReportsNewsrss4

Global low rolling resistance market forecast with a CAGR of 11 percent through 2031

Surging carbon footprint attributed to heavy automotive usage has led manufacturers to improve existing vehicle tire designs has significantly heightened demand for low rolling resistance tires, according to ESOMAR-certified Future Market Insights’ (FMI) latest research report. As per the study, the global low rolling resistance market is slated to surpass a staggering CAGR of 11% across the forthcoming decade

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Market ReportsNewsrss4

South Africa tire market forecast at $3 billion by 2028

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.

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Silicone sealants market forecast with a CAGR of 5 percent through 2027

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.

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Market ReportsNewsrss6

Global rubber gloves market forecast at $18.7 billion by 2027

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.

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