The global butyl rubber market is expected to reach a market valuation of over $ 4,200 million by the end of 2025, growing at a CAGR of 4.7 percent during the forecast period. The rise in demand for butyl rubber is due to its growing applications. The butyl rubber market is witnessing a rapid increase in demand from the pharmaceutical industry.
Read MoreGlobal Market Insights, Inc., suggests that the performance elastomers market may grow over $14 billion by 2024. Strict government regulations pertaining to fuel consumption have led to multiple automotive weight reduction initiatives, driving the demand for performance elastomers in recent years. Performance elastomers are superior to the normal elastomers as they help in the development of overall product competence. They have superior properties such as strong molecular bonds and temperature resistance which are fueling their adoption in several important end-use sectors.
Read MoreThe market, estimated at $100.1 billion in 2020, is projected to reach $136.5 billion by 2026, registering a compounded annual growth rate (CAGR) of 5.4 percent over the analysis period. China represents the largest regional market for industrial rubber products, accounting for an estimated 25.1 percent share of the global total in 2020. The country is also expected to spearhead growth and emerge as the fastest growing regional market with a CAGR of 6.3 percent over the analysis period. The market is expected to progress steadily to evolve as a major regional market for industrial rubber products, supported by various factors conducive to healthy growth.
Read MoreRubber processing is gaining demand in the rubber industry due to the high consumption of processed rubber along with various products derived from rubber. Rubbers are used to manufacture various products such as tires, mats, hoses, floors, gloves and belts, which in the forecast period may further boost the demand for rubber processing chemicals. However, due to the huge amount of pollution caused by rubber processing, stringent regulations are being led by the government for rubber processing. This factor could impede market growth in the years to come. Nevertheless, the introduction of bio-based rubber into the market in the forecast period is likely to offer ample opportunities for the rubber processing chemicals industry.
Read MoreMajor growth drivers for the polyurethane market are the increasing global population and increase in disposable income per household. The global increase in both these factors affects the automotive, construction and footwear industry, increasing their demand, which in turn directly increases the demand for polyurethanes in their applications.
Read MoreThe silicon coated market is dominated by large players, such as Elkem (U.S.), 3M Company (U.S.), Auburn Manufacturing Inc. (U.S.), Nott Company (U.S.), Mid-Mountain Materials, Inc. (U.S.), Newtex Industries, Inc. (U.S.), Precision Coating & Coated Fabrics (U.S.), Trelleborg AB (Sweden), Compagnie de Saint-Gobain S.A. (France) and Serge Ferrari Group (France). Expansions, acquisitions, joint ventures and new product developments are some of the major strategies adopted by these key players to enhance their positions in the silicon coated fabric market.
Read MoreThere are various stakeholders that contribute to the growth of polyurethanes. The value chain of the polyurethane market consists of a large number of players including raw material suppliers, polyurethane manufacturers, distributors, end-user industries, distributors of finished goods, and consumers. Manufacturers are the main players in this value chain and control the market. Major players from the chemical industry include BASF, Bayer, Wanhua Chemical, Huntsman, Dow Chemical, and Mitsui Chemical. BASF is the largest manufacturer of polyurethane with a global market share of 20 percent in 2015. The top five companies in the market control over 50 percent of the total global market. Joint ventures and innovations are key strategies of leading players in the industry.
Read MoreWorldwide, demand for hydrogenated nitrile butadiene rubber (HNBR)s is rising with increasing consumption of HNBR in manufacturing industrial and medical gloves. As a rise in the number of industrial accidents and HNBR gloves are highly recommended in almost all major industrial applications. Thus drive the market for hydrogenated nitrile butadiene rubber during the forecasted period. Also, HNBR possesses excellent solvent or chemical resistance, along with the superior thermal stability, which makes it the most preferred material in manufacturing medical non-latex gloves. Additionally, HNBR has better ozone resistance, high strength, and better tolerance than NBR in oil drilling applications, it is expected to boost the HNBR market. However, the availability of substitutes such as thermoplastic elastomers might hamper the market growt
Read MoreThe injection molding machine market is growing significantly and offers opportunities for various manufacturers. The APAC region constitutes approximately 61.0% of the world’s population, and the manufacturing and processing sectors are growing rapidly in the region. The APAC is the largest injection molding machine market with China being the major market which is expected to grow significantly. The rising disposable incomes and rising standards of living in emerging economies in the APAC are the major drivers for this market
Read MoreThe U.S. Chemical Production Regional Index (U.S. CPRI) fell 2.8% in March following a 3.9% decline in February and a 0.6% increase in January, according to the American Chemistry Council (ACC). Chemical output fell in all regions as the impact of the February winter storm continued to disrupt chemical production in the Gulf Coast and parts of the country that rely on raw materials from the region. The U.S. CPRI is measured as a three-month moving average (3MMA) basis
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