The demand for dimethyl silicone is expected to reach US$ 2.5 billion in 2022 and is projected to increase at a CAGR of 4.55% to US$ 3.9 billion from 2022 to 2032. The global use of dimethyl silicone in the Chemicals & Materials sector is responsible for the market’s expansion according to Future Market Insights
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Rubber is a popular resin in the splicing tapes market and is predicted to grow at a CAGR of 4.4% between 2022 and 2032
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The global key manufacturers of Silicone Coatings include Wacker Chemie, Momentive Performance Materials, Shin-Etsu Chemical, Dow Silicones, KCC, Evonik, BASF, Chase and CHT, etc. In 2021, the global top five players had a share approximately % in terms of revenue.
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According to the report from InBox, the global injection molding machine market is expected to reach $64B by 2030, growing at a CAGR of 2.6% during the forecast period from 2022 to 2030. The expansion will be attributed to the rising demand for plastic products from various end-use industries such as automotive, packaging, healthcare, and consumer goods.
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The market for thermoplastic vulcanizates is approximated to be USD 2.6 billion in 2022, and it is projected to reach USD 4.9 billion by 2032 at a CAGR of 6.5% according to Research and Markets. Out of three processing methods (Injection Molding, Extrusion, and others), injection molding has the largest market share because of its several advantages, such as maintaining tolerances values, high productivity, excellent efficiency, reduced requirement of manual labor, and others. Due to these properties, this processing method is widely used in several end-use industries.
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As per Fact.MR’s analysis, the global automotive and off-road vehicle hoses market is expected to expand steadily at a CAGR of around 5.4% from 2021 to 2031.
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The Goodyear Tire & Rubber Company announced the next addition to the purpose-driven Fuel Max lineup, the Fuel Max 1AD, for single-axle drive tractors handling super regional, less-than-truckload, or LTL, applications. The tire is designed to deliver the traction features, milage and fuel efficiency today’s fleets require.
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Sumitomo (SHI) Demag China has hosted a groundbreaking ceremony in the presence of local political figures at its Ningbo site, welcoming the start of construction for its new 4,000 square meter production hall. Attended by the mayor and city councillors from the Beilun district, CEO Pietro Scattarreggia marked the occasion announcing that the bigger facility sets the path for future growth, creating 50 new jobs and doubling production capacity.
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PRE-Q® GALGO Corporation is on the road again, and the first stop for 2023 was at the OTR Tire Conference in Tucson, Arizona Feb. 22nd thru the 25th.
“We were excited to attend the meeting functions and exhibit at this year’s event. The conference was exciting, and the relaxed atmosphere allowed us to spend quality time with our customers.
Evonik invests in a production plant expansion for fumed aluminum oxide at its site in Yokkaichi, Japan. The facility will be the company’s first alumina plant in Asia, focusing on the production of specialty solutions for lithium-ion battery technologies, used for electric vehicles.
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