Rising usage of phenolic resins across various applications including wood adhesives, molding, insulations, laminates, paper impregnation, coatings, and other applications such as abrasives, composites, carbon binders, friction materials, sound-roof bonding felt, and tires & rubbers are likely to present lucrative opportunities for phenolic resins during the forecast period.
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The global bio-based elastomers market is anticipated to hold a market value of US$ 513 Million in 2023 and US$ 1,901.8 Million by 2033. The projected growth rate is nearly 14% during the forecast period from 2023 to 2033. 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. Major crude oil-based elastomer manufacturers are extensively engaging in developing bio-based elastomers.
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The rapid surge in the organic growth of various end-user industries including automobile, aerospace, and office equipment, among others, and the extensive rise in the number of construction activities coupled with the growing proliferation of mold-release coated plastics and high expenditure on research & development related activities are primary factors driving the demand and growth of the global market. The use of these agents helps to significantly reduce the operational cost and time and further provide a greater surface finish and eliminate the issue of porosity
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Specialty Silicone Products (SSP) introduces Kevin Wickert as their new Sales and Marketing Manager. Kevin joined SSP on February 1st and is filling a position that has remained open since Adam Stiles, who is now Chief Operating Officer (COO), was promoted to Vice President of Sales and Marketing in 2020. Prior to joining SSP, Kevin worked for several Fortune 100 companies and was a business owner during a 20+ year career that’s taken him from his native Syracuse, New York to Phoenix, Arizona to the Capital District.
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BlueWeave Consulting in its recent study, estimates global ethylene propylene diene monomer (EPDM) rubber market size at USD 4.98 billion in 2022. During the forecast period between 2023 and 2029, BlueWeave expects global ethylene propylene diene monomer (EPDM) rubber market size to grow at a CAGR of 5.52% reaching a value of USD 7.22 billion by 2029
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Trinseo announced the North American launch of LIGOS™ C 9375, the Company’s first all-acrylic latex binder for Building and Construction applications. The launch is a key component of the Company’s transformation and growth strategy for its coatings, adhesives, sealants, and elastomers (CASE) segment resulting from close customer collaboration.
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On February 24th, Doug Kershaw, President of BKT USA, will take the stage. His speech, titled “Electric and Automated Technologies: The Quiet Revolution”, will directly address tire manufacturers and dealers attending the event. Doug will outline the challenges facing the industry and how to navigate in a constantly evolving sector where technologies are advancing at a high pace. Furthermore, in his speech, Kershaw will also discuss how the tire industry can incorporate environmental, social, governance, and sustainability issues into planning and operations and focus on the impact of transitioning from fossil fuels to electric and automated technologies.
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Phenolic Resin Market Report is Expected to Grow from $13 Billion in 2022 to $17.92 Billion by 2030 at a CAGR of 4.1 % according to GreyViews
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The latest study by Fact.MR on the Thermoplastic Polyolefin Elastomers (TPO) market reveals that consumption over the past half-decade increased by 4% CAGR to 1,890 KT in 2020. TPO consumption is expected to exceed 2,890 KT by the end of 2031 at 4.7% CAGR. The key factor driving the growth of the market is the divestment opportunity being opted in by key stakeholders in the TPO industry.
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The India rubber products market for civil construction industry is expected to grow at a CAGR of 7.1% from 2022 to 2029 to reach $311.2 million by 2029 according to Research and Markets
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