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Silicone elastomer market forecast at $19 billion by 2034

The global silicone elastomers market is entering a decade of sustained expansion, driven by accelerating demand from electric vehicles, medical devices, and advanced electronics. According to a comprehensive industry analysis by Polaris Market Research, the market size was valued at USD 8.03 billion in 2025 and is projected to reach USD 19.34 billion by 2034, expanding at a compound annual growth rate (CAGR) of 10.3% between 2026 and 2034.

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ContiTech sold to Lone Star affiliate for €4.0 billion

Continental announced the sale of its ContiTech group sector to an affiliate of Lone Star Funds for €4.0 billion. The transaction also includes performance-based components of up to €250 million in subsequent years. The sale of its industrial business is the final step in Continental’s realignment. Once completed, the DAX-listed company will become a pure-play tire manufacturer for the first time in its history. The transaction is subject to regulatory approval.

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The Goodyear Blimp returns to New York City

A true veteran of the skies, Goodyear’s airships have a storied tradition of showing up during America’s biggest moments, so it’s no surprise viewers to see Wingfoot One soaring over the Big Apple. But, to get the best views of New York Harbor, the Goodyear Blimp will base its operations in Brooklyn, marking the first time in 50 years the airship will be not just in the clouds around New York City, but also on the ground.

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