Market Reports

t a compound annual growth rate (CAGR) of 2.7% from 2022 to 2032, the global tackifier market was estimated to be worth USD 22.10 billion in 2022. By 2032, the market is projected to grow to USD 32.03 billion, according to Adroit Market Research. Tackifiers play a vital role in various industries by enhancing the adhesive properties of polymers and adhesives, thus facilitating better adhesion to surfaces. They come in natural or synthetic forms, such as liquids, resins, or powders, and help in increasing the stickiness or “tack” of the materials.

As of 2023, the TPEE market is worth more than $292 billion worldwide and is anticipated to grow in the following years. Globally, the dominant market is the Asia Pacific with China at the forefront. The latter obtains the most significant share owing to the great performance of the local automobile and electronics sector, which are the principal TPEE customers. The thermoplastic polyester elastomer market share would generate revenue of USD 542 Billion by 2036 end and grow at a CAGR of 6% from 2024 to 2036 according to Research Nester

Leading the Liquid Silicone Rubber Market are top industry players such as Dow Inc., Wacker Chemie AG, Shin-Etsu Chemical Co., Momentive Performance Materials Inc., Elkem AS, NuSil Technology LLC, KCC Corporation, Stockwell Elastomerics Inc., Reiss Manufacturing Inc., and SIMTEC Silicone Parts LLC. These key companies play a significant role in advancing liquid silicone rubber products through their impactful contributions and innovative practices.

According to the study, India consumes more rubber than it produces. The country consumed 1,238,000 tons of natural rubber in 2021/22, an increase from 1,096,410 tons consumed in 2020/21, and 1,350,000 tons in 2022/23.

India has been importing natural rubber from various countries to meet the market demand. India imported 528,677 tons of natural rubber in 2023 alone. Statistics show that 546,369 tons in 2022, 410,478 tons in 2021 and 457,223 tons of natural rubber were imported in 2020.

According to the recent report published by Allied Market Research, the global green tire industry is anticipated to display a noteworthy CAGR of 8.7% from 2022 to 2031. Green tires, modified to integrate silica into their composition, are designed to reduce rolling resistance for an environment-friendly future sustained long-term while enhancing energy efficiency and safety. The addition of silica to tire materials improves performance, reduces greenhouse gas emissions, and promotes sustainable mobility. This contrasts with traditional tire materials such as styrene-butadiene rubbers, semi-aromatic polyamides, and polycyclic aromatic hydrocarbons. The increase in accessibility of automotive sector toward green tires drives the growth of the global green tire industry, supported by strict government regulations and rising consumer awareness of environmental impacts.

The global nitrile gloves market is expected to reach US$ 8,617.2 million in 2024. The market is projected to surge at a CAGR of 23.4% in the forecast period of 2024–2034. It is estimated to attain a valuation of US$ 70,755 million by 2034 according to FACT.MR. Expanding healthcare spending, heightened importance of workplace safety, and growing knowledge of infections linked to healthcare are anticipated to propel market expansion. A wide range of personal protective equipment (PPE), including gloves, is in high demand after the COVID-19 epidemic. Healthcare workers frequently use disposable nitrile gloves to prevent contamination. Significant investments in healthcare infrastructure are anticipated from the government following the COVID-19 pandemic, which is expected to boost the nitrile gloves market growth. Healthcare facilities across key emerging nations are predicted to expand significantly due to rising governmental and private sector investments.

Hürth, Germany – The year 2023 was a promising year for bio-based polymers: PLA capacities have been increased by almost

The global industrial rubber market shows that sales have reached US$ 57.2 Bn in 2022 and are projected to register a growth rate of 6.4% to climb to a market value of $106.4 Bn by the end of 2032 as per the research of Persistence Market Research. East Asia is anticipated to remain the most prominent regional market for industrial rubber suppliers.