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Carbon Black, Silica & Reinforcing MaterialsMarket ReportsNewsrss6

Carbon black market forecast at $23 billion by 2027

The global carbon black market size grew from $16.5 billion in 2022 to $17.91 billion in 2023 at a CAGR of 8.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term, but carbon black market size is expected to grow to $23.39 billion in 2027 at a CAGR of 6.9%.

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Market ReportsNewsrss6Silicone & Medical

Silicone coatings market forecast with a CAGR of 6 percent through 2032

Revenue from the global silicone coatings market currently stands at US$ 6.64 billion. Worldwide consumption of silicones coatings is projected to increase at a CAGR of 6% from 2022 to 2032, as per a new analysis by Fact.MR, a market research and competitive intelligence provider.
The silicone coatings market will be primarily driven by trends of industrialization and urbanization across the world. Rising construction activities, increasing use of silicone coatings in automotive manufacturing, and growing popularity of the features of silicone coatings are expected to favor market growth. However, high costs of production and increased availability of low-cost alternatives are anticipated to have a hindering effect on the demand growth of silicone coatings over the coming years.

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Market ReportsNewsrss6

Global sealants market forecast with a CAGR of 6.2 percent through 2028

Sealants are widely used in the construction industry because of their applications, such as waterproofing, weather-sealing, and crack sealing. The global construction industry is expected to grow at 3.5% per annum up to 2030. Countries such as China, India, the United States, and Indonesia are expected to cover 58.3% of overall construction growth, due to which construction sealants cover the largest share of the global sealants market share by value.

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Market ReportsNewsrss6

Medical gloves market forecast at $19.3 billion by 2027

The demand for medical gloves has increased due to the continuously rising number of surgeries, major chronic diseases, improved healthcare systems, and the essential nature of surgical gloves are some of the primary growth drivers for the market. According to our research report, Worldwide Medical Gloves Market is expected to grow with a double digit CAGR of 7.65% from 2022 to 2027.

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Market ReportsNewsrss6

Global TBR tire market forecast with CAGR of 6.7 percent through 2031

Truck tires need to be replaced on a regular basis as trucks hold low optimum time. Replacement tires are considered more cost-effective option as opposed to OEM tires owing to easy availability and no need for specific customization. In terms of sales channel, the aftermarket segment accounted for 55.0% share of the global industry in 2021. This can be attributed to rise in the usage of truck, bus, and radial (TBR) tires in the aftermarket sector owing to the increase in number of on-road buses and trucks globally. As per the TBR tire market forecast by TMR, the aftermarket segment is anticipated to expand at rapid pace during the forecast period.

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Market ReportsNewsrss6

Global medical grade silicone market forecast with a CAGR of 6 percent through 2028

Medical Grade Silicone, a biocompatible material, is used in the manufacturing of many medical devices. It is known for its ability to heal wounds, reduce scarring, and provide comfort. It is used in the manufacture of hydrocephalus (shunts) that aid in draining excess fluid from the brain. Silicone gel is used in many applications, including prosthetics and implants. It can also be used for transdermal and topical wound care applications. They can also be used in other medical applications such as comfort and skin pads. Silicone for medical use is medical grade. It’s used in disposable and implantable medical devices that require high safety standards and performance. Instruments that use Medical Grade Silicone, such as heart pumps and defibrillators have critical functions. They also employ biocompatible, hydrophobic, and silicone reconstructive properties.

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Market ReportsNewsrss6

Polybutadiene rubber market forecast to grow 4 to 6 percent through 2031

The growing demand for improved performance and low rolling-resistance tires is expected to provide growth opportunities for the market. According to latest research from Future Market Insights, the demand of polybutadiene rubber (PBR) is anticipated to grow with a steady growth rate of about 4.0% to 6.0% in between the coming assessment period of 2021-2031.

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