Market Reports

The elastomers procurement category is projected to grow at a CAGR of 4.05% during 2021-2025. The prices are outlined to rise by 4%-6% during the forecast period and suppliers will have a moderate bargaining power in this market. BASF SE, Dow Inc., and JSR Corp. are a few of the key suppliers in elastomers market according to SpendEdge

Tire derived fuels are fitting into a broader drive to improve environmental sustainability and address climate change. Several goals are seen as possible including renew ability, elimination of toxins, optimized design and manufacturing, recyclability and use of post-consumer content. Earlier scrap tires used to be dumped which used to pollute the land and consume lot of efforts for management. With the use of modern technologies to convert scrap tires into fuels has provided solution for more of the environment issues related to waste tires. Tire derived fuels are serving to important purposes such as providing an alternative option to companies such as cement, paper & pulp to use tire derived fuels to save fuel cost and to save environment issues related to waste tires.

The additive manufacturing market is bouncing back and poised to become bigger than ever according to the latest report from SmarTech Analysis, the leading market analysis firm serving the additive manufacturing industry. Prior SmarTech advisory reports predicted this development more than a year ago at the onset of the coronavirus pandemic in the West. The latest report, released to advisory services clients last week, quantifies continued acceleration in all sectors of additive manufacturing, examining key ongoing trends at play which set the stage for an anticipated move into historic growth.

According to Technavio, the all-terrain vehicle (ATV) tires market size will decrease by $7.11 million during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of (0.99) percent. 

While growth projections by Fact.MR remain positive, the silicone adhesives market might face challenges owing to restrictions imposed amid the COVID-19 crisis. Decelerating sales in the construction sector as a result of the pandemic will continue posing a threat.

According to the ChemAnalyst report, “Zinc Oxide Market Analysis: Plant Capacity, Production, Operating Efficiency, Technology, Demand and Supply, End User Industries, Distribution Channel, Regional Demand, 2015-2030,” the global zinc oxide market witnessed a steady growth in the historic years and is growing at a healthy CAGR of 5.35 percent until 2030 owing to its utilization as additives in various end use industries.

The global market for recycled carbon fibers, estimated at $106.4 million in the year 2020, is projected to reach a revised size of $203.8 million by 2026, growing at a CAGR of 11.3 percent over the analysis period. Chopped, one of the segments analyzed in the report, is projected to grow at an 11.9 percent CAGR to reach $138.6 million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the milled segment is readjusted to a revised 10.3 percent CAGR for the next seven-year period. This segment currently accounts for a 40.9 percent share of the global recycled carbon fibers market. Chopped fiber composite technology is suitable for meeting the needs of high volume, cost effective and lighter components for the automotive industry.

The biopharmaceutical tubing market is expected to reach $6,013.27 million by 2028 from $3,442.82 million in 2021; it is estimated to grow at a CAGR of 8.3 percent from 2021 to 2028, according to Report Linker. The factors increasing elderly population in world, and rising demand for minimally invasive procedures are contributing to the market growth. However, the stringent regulatory frameworks hinder the biopharmaceutical tubing market growth. Biopharmaceutical tubing is specifically designed to meet critical needs of biopharmaceutical and medical industries. This tubing is produced by the extrusion process and is extensively used in drug delivery systems, feeding tubes and peristaltic pumps, as well in a wide range of minimally critical invasive applications, including stent delivery systems, cardiovascular catheters and urological retrieval devices.

The biggest global liquid silicone rubber (LSR) companies in the world are the Dow Corning. Wacker Chemicals, Momentive, ShinEtsu, KCC Corporation, Laur Silicone, Tianci Materials, Guangdong Polysil, Shenzhen SQUARE Silicone, BlueStar Xinghuo, Jiangsu Tianchen and Dongguan New Orient Technology are the main players in this industry. Although not every country is exclusively dominated by multinational companies, these companies tend to dominate the markets in many countries, meaning that they also often directly control distribution of their product. Correspondingly, they also have a great influence over most, if not all of the value chain through their superior bargaining power. In most market, Dow Corning. Wacker Chemicals, Momentive and ShinEtsu are market leaders. China is the world`s most competitive market due to China`s large number of manufacturer