Market Reports

The major players operating in the European tire market include Bridgestone Europe NV/SA, Michelin, Continental AG, Sumitomo Rubber Industries Ltd. and Yokohama Rubber Co. Ltd.

The global tire recycling downstream products market is valued at $4.1 billion in 2021, and it is anticipated to grow at a CAGR of 2.15 percent over the forecast period until 2030, according to Quince Market Insights. Recycling technologies improve the circular economy by maximizing the return of materials produced. Hence, tire recycling downstream will have a huge impact on the economy. The tire recycling process involves the conversion of discarded or end-of-life tires into useful industrial materials. Various methods are adopted for tire recycling, including pyrolysis, cryogenic recycling and repurposing the old tires. However, the most common technique used is shredding, which has a huge impact on market growth.

earch report “Industrial PU Elastomer Market by Type (Thermoset PU Elastomer, Thermoplastic PU Elastomer), End-use Industry (Transportation, Industrial, Medical, Building & Construction, Mining Equipment) and Region – Global Forecast to 2026”, published by MarketsandMarkets™, the market size is projected to reach USD 10.5 billion by 2026 from USD 7.7 billion in 2021, at a CAGR of 6.3% during the forecast period.

Key players in the global Agricultural Tires market are Bridgestone Corp., Continental AG, Balakrishna Industries Limited, Titan International, Inc., Trelleborg AB, Michelin, Nokian Tyres PLC, Pirelli & C SpA, Alliance Tire Group, and Apollo Tyres.

The global isoprene rubber market is estimated to be valued at $1.6 billion in 2021 and is projected to reach $1.9 billion by 2026 at a CAGR of 3.5 percent, according to the latest report from Global Market Estimates. Isoprene rubber is a necessary component in a wide spectrum of application domains to meet the consistent demand protrusions in the end-use industries. Rubber, both natural and synthetic, is extensively used in a variety of industrial applications for improved machinery and device longevity, in addition to serving as a protective liner for numerous corrosive environment and abrasive wear susceptible components. The item is a high-end industry constituent that has been powering a variety of commercial implementations. Such rubber is analogous to natural rubber and can be produced inevitably as well as synthetically.

3D printing of fiber-reinforced polymers is rapidly approaching a commercial tipping point. This is quickly becoming one of the most exciting and impactful areas of 3D printing; over the next decade the market will grow to $2 billion, the installed base and applications will expand, and technology will continue to mature, according to IDTechEx. This growth will not be without challenges; there are barriers to adoption to be overcome in multiple sectors, supply chains and digital infrastructures to be established, and an inevitable consolidation in the number of manufacturers.

The global medical tubing market was valued at $8,418 million in 2019 and is expected to reach $1,3770 million by the end of 2026, growing at a CAGR of 7.2 percent during 2021-2026, according to Valuates Reports.

The global long fiber thermoplastics market size was estimated to be US$ 2.75 billion in 2020 and is expected to reach US$ 7.7 billion by 2031 at a CAGR of 9.9%. Long fiber thermoplastics have high abrasion resistivity as a support for sensitive electronic components, which are a part of a few standard agreements and regulations in the hardware business.

Factors such as increasing demand for premium bicycles and government initiatives to promote bicycle market will offer immense growth opportunities. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments. The bicycle oem tires market is fragmented, and the degree of fragmentation will accelerate during the forecast period.

The global EPDM market size is estimated to be $2.5 billion in 2021 and is projected to reach $3.6 billion by 2026, at a CAGR of 7.2 percent between 2021 and 2026, according to Research and Markets. The EPDM market is driven by recovery of the automotive sector during the forecast period. APAC is the dominating region for the automotive sector in countries like China, India, Japan and other Southeast Asian countries.