The global Industrial Wax market was valued at USD 8677.2 Million in 2022 and is anticipated to reach USD 11690 Million by 2029, witnessing a CAGR of 3.9% during the forecast period 2023-2029 according to Valuates Reports.
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The rubber molding press market is expected to witness significant growth in various regions, including North America, Asia Pacific (APAC), Europe, the United States of America (USA), and China. The increasing demand for rubber products in various end-use industries, such as automotive, aerospace, construction, and medical, is driving the growth of the market
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The Board of Directors of Albemarle Corporation announces that it has declared a quarterly dividend of $0.40 per share. The dividend, which has an annualized rate of $1.60, is payable July 3, 2023, to shareholders of record at the close of business as of June 16, 2023.
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Pirelli presents the P ZERO Race 4S TLR road bicycle tire, the tubeless version of the Pirelli all season tire, produced in the renovated Milano-Bollate facility. The new all-round tire follows the success of the P ZERO Race 4S clincher version. The new tire has remained aesthetically unchanged from the tube type version and incorporates, within it, new technologies and prior patents that capitalize on Pirelli’s experience in the high-end cycling sector.
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The International Institute of Synthetic Rubber Producers (IISRP) has published the 2023 edition of Worldwide Rubber Statistics, the world’s leading source for authoritative data about synthetic rubber.
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The global bio-based elastomers market is expected to be worth US$ 513 million in 2023 and US$ 1,901.8 million by 2033. During the forecast period of 2023 to 2033, the predicted growth rate is about 14%. The benefits provided by bio-based elastomers over crude oil-based elastomers regarding volatile organic compounds emissions are expected to contribute to the growth of the market according to Future Market Insights.
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The global Paraffin Wax Market was valued at USD 7.2 Billion in 2022 and is projected to reach a value of USD 10.1 Billion by 2030 at a CAGR (Compound Annual Growth Rate) of 5.1% between 2023 and 2030 according to Vantage Market Research.
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The ASEAN automotive aftermarket is expected to expand its roots at a steady CAGR of 8.5% during the forecast period. The market is likely to hold a revenue of US$ 24.56 billion in 2023, while it is anticipated to surpass US$ 55.53 billion by 2033 according to Future Market Insights.
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Key Takeaways from Market Study
The global synthetic latex polymers market is valued at US$ 65.5 billion in 2023.
Sales of synthetic latex polymers are forecasted to increase at a CAGR of 4.2% from 2023 to 2033.
Demand for synthetic latex polymers is predicted to expand at a CAGR of 2.8% through 2033 in Germany.
Sales of synthetic latex polymers are anticipated to advance at a CAGR of 3.5% in Canada.
BlueBotics and ProLog Automation have signed a strategic partnership to help drive the adoption of automated guided vehicles (AGV/FTS) across the German manufacturing and logistics sectors.
This agreement positions ProLog Automation as a key BlueBotics solutions partner for the German market.