Market Reports

The global nitrile butadiene rubber (NBR) latex market is estimated to grow majorly on account of the increasing demand from aeronautical sector. Nitrile butadiene rubber (NBR), is utilized in the aerospace and aviation industries to produce fuel and oil handling hose seals which is utilized to fill the gaps between mating surfaces on commercial boats and aircraft in the aerospace and aviation industries, assist in stopping the spread of fire or flames in the aircraft engine, and avoiding the infiltration of water or dust.

According to a new report published by Allied Market Research, titled, “Hydraulic Pump Market,” The hydraulic pump market size was valued at $9.3 billion in 2020, and is estimated to reach $14.2 billion by 2032, growing at a CAGR of 3.4% from 2023 to 2032.

The tire-cutting machine market is expected to attain a valuation of US$ 1,316.7 million by 2024. The market is set to demonstrate a CAGR of 2.5% from 2024 to 2034 according to Future Market Insights. Anticipating a total valuation of approximately US$ 1,735.5 million by 2034, the market indicates growth and encouraging opportunities within its evolving landscape.

The global cellular rubber market size is estimated to reach ~USD 18 billion by the end of 2035 by growing at a CAGR of ~6% over the forecast period, i.e., 2023 – 2035 according to Research Nester. The rise in the automotive, rubber, electronic and space industries will account for the rise in the market growth. Cellular rubber in automotive industry is used for various purposes, such as, load supports, sealing strips, rattle protection and other uses. The market is segmented by product type, by application type, by material type, by end user and by region. The well targeted research and development in the chemical, automotive and other industries will lead to the largest share in the market in the forecast period. The use of the cellular rubber for its application such as confinement and sealing will fuel the market growth.

The global market for liquid silicone rubber is set to grow on account of a surge in the use of liquid silicone rubber in agriculture. The agricultural sector has seen substantial expansion and innovation, including industry disruptors like aquaponics (hydroponics), precision agriculture, and water desalination. For irrigation, accurate fertilizer and pesticide application, water filtering, and circulation treatments under unfavorable weather and field-erosive conditions, modern agricultural practices require cutting-edge innovation (such as bioengineering). As a result, the use of liquid silicone rubber is expanding due to its durability, salt resistance, and sanitation.

With a market value of approximately US$ 1.5 billion in 2022, surface protection films are making a significant impact globally. Forecasts for the period spanning 2022 to 2030 predict a steady ascent for the market, with a projected Compound Annual Growth Rate (CAGR) of 5.7%. This growth trajectory positions the global surface protection films market to attain a noteworthy valuation of US$ 2.3 billion by the conclusion of 2030 according to Future Market Insights.

In the competitive automotive silicone market, leading players like Henkel, 3M, Elkem ASA, and others are driving innovation through intensive R&D, focusing on durability, sustainability, and performance. Strategic partnerships, mergers, and acquisitions are key strategies to expand market presence and strengthen capabilities

The demand for aircraft tires is expected to rise due to advancements in tire manufacturing technologies, including the utilization of next-generation materials such as synthetic elastomer rubber and cross-linkable rubber. These materials offer enhanced durability and contribute to improved fuel efficiency by reducing tire weight. Additionally, the growing demand for aircraft in both combat and non-combat operations in the defense sector, coupled with increased government investments in aviation infrastructure, is expected to drive the market forward.

Analysis of carboxylated nitrile rubber market size by Research Nester reveals the market to grow with a CAGR of ~8% during 2024-2036 and attain $20 billion by 2036 according to Research Nester.