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The global thermoplastic elastomer market size was valued at USD 21.45 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 7.2% from 2022 to 2030 according to Grand View Research. Increasing consumption across various applications such as automotive, electrical and electronics, industrial, medical, and consumer goods has been instrumental in the global industry growth over the last few years. Increasing demand in automotive component manufacturing is expected to be a major factor driving the global industry over the forecast period. Regulatory intervention by environmental agencies aimed at carbon emission reduction through an increase in fuel efficiency has forced major automotive OEMs to incorporate plastics as a substitute for metals and alloys in automotive components.

In its new study, ESOMAR-certified market research and consulting firm, Future Market Insights (FMI), offers insights about key factors fueling the demand for Retread Tire. The report tracks the global sales of Retread tire in 20+ high-growth markets, along with analyzing the impact COVID-19 has had on the oil & gas industry in general, and retread tire in particular.

The global Injection Molding Machine market size was valued at USD 14870.0 million in 2021 and is expected to expand at a CAGR of 5.62% during the forecast period, reaching USD 20642.0 million by 2027 according to Research Reports World.

Lubricating Oil Additives Market is projected to be worth USD 21.80 Billion by 2030, registering a CAGR of 3.87% during the forecast period (2021 – 2030).

The sterile rubber stopper market size reached a valuation of US$ 2.1 Bn in 2022 and expected to reach US$ 3.1 Bn in 2032, at a 7% CAGR according to Future Market Insights.