Global long fiber thermoplastic market forecast at $7.7 billion by 2031

The global long fiber thermoplastics market size was estimated to be US$ 2.75 billion in 2020 and is expected to reach US$ 7.7 billion by 2031 at a CAGR of 9.9%. Long fiber thermoplastics have high abrasion resistivity as a support for sensitive electronic components, which are a part of a few standard agreements and regulations in the hardware business.

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Global rubber process oil market forecast at $2.9 billion by 2028

The global rubber process oil market size was $2,118.4 million in 2020 and is expected to reach a value of $2,927.6 million by 2028, and register a CAGR of 4.10 percent during the forecast period, according to Reports and Data. Rubber process oil is used for manufacturing multiple rubber compounds, and it improves dispersion and flow characteristics of compounds during processing.

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Global disposable gloves market size expected to reach $32.24 billion by 2026

The global disposable gloves market size is expected to reach USD 32.24 billion by 2026, growing at a CAGR of 10.84%. Due to the COVID-19 pandemic, the demand for the examination glove has increased amongst physicians and front-line workers worldwide. As a result, the production cost has gone up immensely, creating an imbalance between demand and supply. The medical industry is the biggest market for vinyl exam gloves. Due to COVID-19, the logistics were affected immensely because country borders were sealed all over the world.

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Solvent based adhesives market projected to reach $8.5 billion by 2026

The solvent based adhesives market exhibits high growth potential and is projected to reach a market size of $8.5 billion by 2026 from $7.6 billion in 2021, at a CAGR of 2.3 percent. The market growth opportunities are increasing due to the strength of solvent based adhesives. They provide superior shear and peel strength. The growth of the market is supported by the increasing construction and automobile applications and growing demand in the APAC region.

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Global sealants market to reach $11.9 billion by 2027

The global market for sealants, estimated at $8.4 billion in the year 2020, is projected to reach a revised size of $11.9 billion by 2027, growing at a CAGR of 5.1 percent over the analysis period 2020-2027, according to Reportlinker.com. Silicone, one of the segments analyzed in the report, is projected to record a 5.8 percent CAGR and reach $4.5 billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the polyurethane segment is readjusted to a revised 5.3 percent CAGR for the next seven year period.

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North American medical grade silicone market forecast with a CAGR of 5.9 percent through 2027

The key aspect that drives the growth of the market includes the rising demand for medical implantable devices owing to the rising chronic cardiovascular diseases across the region. The increasing number of aging populations, high healthcare spending, along with the rising prevalence of cardiovascular diseases are some of the factors that increase demand for implantable devices, which in turn enhances the growth of the market over the forecast period. Besides, various properties offered by the medical grade silicone are also likely to enhance its adoption, which drives the growth of the North American medical grade silicone market over the forecast period.

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Elastomeric sealants market forecast to reach a value of $5.4 billion by 2026

– Elastomeric Sealants Market is expected to reach a value of $5.4 billion by the end of the year 2026 after growing at a CAGR of 5.7% during the forecast period from 2021-2026. The increase in demand in construction and automotive industry, have eventually led to the market for elastomeric sealants, as it is one of the key use industries of elastomeric sealants. Elastomeric sealant is also extensively used in infrastructure industry, which has surged the demand for elastomeric sealants. Various types of elastomeric sealants such as silicone emulsions, acrylate dispersion and silane modified polymer. Silicone emulsions are extensively used as release agents and lubricants in food trays and plastic serving dishes, as it helps in improving protection, resistance, gloss and spread-ability. Acrylate dispersions are helpful in providing hardness, chemical resistance and corrosion inhibition. Further the increase in demand for elastomeric sealants from automobile industry is driving the elastomeric sealants market.

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