Market Reports

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

The global tire market is an allied market to the rapidly shifting automotive market. As vehicles are getting more efficient, infrastructure is getting smoother, the tire market finds itself a suitable pedestal to grow upon. As per the research conducted by Bonafide Research, under the title, Global Tire Market Outlook, 2026, the global tire market is evaluated to be selling more than 2,000 million tires annually as of 2020. The tire market globally is expected to grow to more than 2,700 million tires by the year 2026.

According to Stratistics MRC, the global tire cord fabrics market is accounted for $4.15 billion in 2017 and is expected to reach $7.89 billion by 2026 growing at a CAGR of 7.4 percent during the forecast period. Rise in vehicle usage and growth in the awareness for biodegradable products are some of the factors propelling the market growth. However, fluctuating raw material prices is hindering the market growth.

215 billion units, or about 37%. Although manufacturers are working hard to increase production, industry experts are predicting possible shortages in 2021. However, the demand for surgical gloves reduced significantly as about 28 million surgeries were canceled or postponed during the pandemic. But post COVID-19, the number of surgeries performed will go high, which will accelerate the demand. North America dominates the global medical gloves market share, followed by Europe, APAC, Latin America, and Middle East & Africa. In the future new products, expansions, and collaborations will be crucial for companies to maintain revenue growth. For example, a key player, Supermax, currently has 24 billion pieces of gloves per annum, and the company is planning to expand it to over 44 billion pieces by the end of 2024.

Global market of Nitrile Butadiene Rubber is growing exponentially over the last few years and is expected to achieve a CAGR of 3.12% in the forecast period owing to its properties including resistance to wear and tear, thermal resistance, high gas impermeability and low temperature flexibility. NBR is synthetic rubber produced from a copolymer of acrylonitrile and butadiene. Due to its oil resistant nature, its primary applications are in fuel hoses, gaskets, and other products in which oil resistance is essential.

As with all global elastomer markets, the silicone elastomers market also suffered a serious setback since the beginning of 2020. However, unlike other elastomer markets, the silicone elastomer market is rebounding rapidly, despite (or more importantly because of) the COVID-19 pandemic.

The U.S. Tire Manufacturers Association (USTMA) projects total U.S. tire shipments of 336.1 million units in 2021, compared to 303.2 million units in 2020 and 332.7 million units in 2019. Compared with 2020, original equipment (OE) shipments for passenger, light truck and truck tires are expected to increase by 9.9 percent, 6.2 percent and 25.3 percent, respectively, with a total increase of 5.2 million units. Replacement shipments for passenger, light truck and truck tires are also projected to increase by 10.1 percent, 13.2 percent and 14.6 percent, respectively, with a total increase of 27.7 million units.