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The global Automotive Silicone Market is expected to achieve a windfall due to the upswing noticed in sales of vehicles in the automotive sector. High demand for lightweight vehicles due to rapid urbanization and changing lifestyles of consumers can drive the market. This trend is supported by properties of silicone such as durability, resistance, and strength. The use of silicone in exterior paints, car parts, tires, and other parts can spur the market demand exponentially during the forecast period.

Global TPMS market is expected to be benefited from rising per-capita income in developing economies, as well as increasing demand for premium and luxurious features in vehicles over the forecast period. Countries with a large trucking industry plan to standardize the use of tire pressure monitoring systems (TPMS) in heavy commercial vehicles, resulting in higher sale

Allied Market Research published a research report on the rubber gloves market. The findings of the report state that the global market for rubber gloves generated $34.0 billion in 2020, and is expected to garner $122.5 billion by 2030, witnessing a CAGR of 12.2% from 2021 to 2030. The report offers valuable information on evolving market trends, major segments, top investment pockets, and key competitors for market players, investors, shareholders, and new entrants.

Reportlinker.com reports that the Global Rubber Processing Chemicals Market is to surpass USD 6.46 billion by 2030 from USD 4.88 billion in 2019 at a CAGR of 4.9% in the coming years, i.e., 2021-30.

The rapidly expanding building & construction industry in emerging and developed economies such as India , China , Mexico , Brazil , the US, Canada , and Germany is expected to boost the silicone polymer demand during forecast period. For instance, according to the Global Alliance for Buildings and Construction, the global construction market size is expected to reach US$ 13,572.4 billionby 2024. Increasing urbanization due to growing population globally, rapid technological advancements in infrastructure development and rise in disposable income is expected to drive the global construction market revenue growth over the forecast period. Moreover, the increasing demand for lightweight automobile parts and growing research and development activities to develop new and innovative products is expected to propel silicone polymer demand during the forecast period. Lightweight materials such silicone elastomer, resin, and silicone emulsions are used to reduce automobile weight, which results in decreasing the overall fuel consumption. High thermal stability associated with silicone polymers is estimated to boost its demand in automotive applications during the forecast period.

The Global Roof Coating Market size is forecast to reach USD 2.03 billion from USD 2,041.56 Million in 2021, delivering a CAGR of 4.79% through 2030 according to Reports and Data. The market growth is driven by the evolving construction sector and rise in several residential & commercial construction projects, primarily across the developing economies.