Market Reports

The global disposable gloves market size is expected to reach USD 32.24 billion by 2026, growing at a CAGR of 10.84%. Due to the COVID-19 pandemic, the demand for the examination glove has increased amongst physicians and front-line workers worldwide. As a result, the production cost has gone up immensely, creating an imbalance between demand and supply. The medical industry is the biggest market for vinyl exam gloves. Due to COVID-19, the logistics were affected immensely because country borders were sealed all over the world.

The solvent based adhesives market exhibits high growth potential and is projected to reach a market size of $8.5 billion by 2026 from $7.6 billion in 2021, at a CAGR of 2.3 percent. The market growth opportunities are increasing due to the strength of solvent based adhesives. They provide superior shear and peel strength. The growth of the market is supported by the increasing construction and automobile applications and growing demand in the APAC region.

The global market for sealants, estimated at $8.4 billion in the year 2020, is projected to reach a revised size of $11.9 billion by 2027, growing at a CAGR of 5.1 percent over the analysis period 2020-2027, according to Reportlinker.com. Silicone, one of the segments analyzed in the report, is projected to record a 5.8 percent CAGR and reach $4.5 billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the polyurethane segment is readjusted to a revised 5.3 percent CAGR for the next seven year period.

The key aspect that drives the growth of the market includes the rising demand for medical implantable devices owing to the rising chronic cardiovascular diseases across the region. The increasing number of aging populations, high healthcare spending, along with the rising prevalence of cardiovascular diseases are some of the factors that increase demand for implantable devices, which in turn enhances the growth of the market over the forecast period. Besides, various properties offered by the medical grade silicone are also likely to enhance its adoption, which drives the growth of the North American medical grade silicone market over the forecast period.

– Elastomeric Sealants Market is expected to reach a value of $5.4 billion by the end of the year 2026 after growing at a CAGR of 5.7% during the forecast period from 2021-2026. The increase in demand in construction and automotive industry, have eventually led to the market for elastomeric sealants, as it is one of the key use industries of elastomeric sealants. Elastomeric sealant is also extensively used in infrastructure industry, which has surged the demand for elastomeric sealants. Various types of elastomeric sealants such as silicone emulsions, acrylate dispersion and silane modified polymer. Silicone emulsions are extensively used as release agents and lubricants in food trays and plastic serving dishes, as it helps in improving protection, resistance, gloss and spread-ability. Acrylate dispersions are helpful in providing hardness, chemical resistance and corrosion inhibition. Further the increase in demand for elastomeric sealants from automobile industry is driving the elastomeric sealants market.

The rising demand from the building, construction and automotive industry is expected to drive the sales of rubber processing chemicals globally. Rubber is extensively used for manufacturing belts, pipes, flooring, mats, tires and gloves. It is increasingly being adopted as it has enhanced resistance against ozone damage, mechanical stress, effects of oxygen, sunlight and heat.

The market size for building envelope adhesives and sealants is projected to grow from $4.8 billion in 2021 to $5.9 billion by 2026, at a CAGR of 4.3 percent between 2021 and 2026, according to MarketsandMarkets. The market growth of building envelope adhesives and sealants in the APAC region is due to easy availability of raw materials at competitive prices and a cheap labor force.

The global advanced tires market size is expected to be valued at $248.7 million in 2020 and is projected to reach $1,349.7 million by 2030, registering a CAGR of 18.4% from 2020 to 2030. Asia-Pacific will account for the highest share in 2020 and is expected to be the highest contributor to the global market, in terms of revenue, during the advanced tires market forecast.