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Carbon Black, Silica & Reinforcing MaterialsMarket ReportsNewsrss6

Carbon black market forecast with a CAGR of 4.8 percent through 2030

According to the ChemAnalyst report, “Carbon Black Market Analysis: Plant Capacity, Production, Operating Efficiency, Technology, Demand and Supply, End-User Industries, Distribution Channel, Regional Demand, 2015-2030,” the carbon black market observed a promising demand in the past five years and is predicted to reach 27.21 million tons by 2030, along with a healthy CAGR of 4.82 percent in the next ten years, owing to their applications in automobile tires, industrial rubber products, printing inks and toners, belts and hoses, paints and coatings, and others.

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Zinc oxide market forecast with a CAGR of 5.35 percent through 2030

According to the ChemAnalyst report, “Zinc Oxide Market Analysis: Plant Capacity, Production, Operating Efficiency, Technology, Demand and Supply, End User Industries, Distribution Channel, Regional Demand, 2015-2030,” the global zinc oxide market witnessed a steady growth in the historic years and is growing at a healthy CAGR of 5.35 percent until 2030 owing to its utilization as additives in various end use industries.

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Recycled carbon fiber market forecast at $203.8 million by 2026

The global market for recycled carbon fibers, estimated at $106.4 million in the year 2020, is projected to reach a revised size of $203.8 million by 2026, growing at a CAGR of 11.3 percent over the analysis period. Chopped, one of the segments analyzed in the report, is projected to grow at an 11.9 percent CAGR to reach $138.6 million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the milled segment is readjusted to a revised 10.3 percent CAGR for the next seven-year period. This segment currently accounts for a 40.9 percent share of the global recycled carbon fibers market. Chopped fiber composite technology is suitable for meeting the needs of high volume, cost effective and lighter components for the automotive industry.

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Pharmaceutical tubing market forecast at $6 billion by 2028

The biopharmaceutical tubing market is expected to reach $6,013.27 million by 2028 from $3,442.82 million in 2021; it is estimated to grow at a CAGR of 8.3 percent from 2021 to 2028, according to Report Linker. The factors increasing elderly population in world, and rising demand for minimally invasive procedures are contributing to the market growth. However, the stringent regulatory frameworks hinder the biopharmaceutical tubing market growth. Biopharmaceutical tubing is specifically designed to meet critical needs of biopharmaceutical and medical industries. This tubing is produced by the extrusion process and is extensively used in drug delivery systems, feeding tubes and peristaltic pumps, as well in a wide range of minimally critical invasive applications, including stent delivery systems, cardiovascular catheters and urological retrieval devices.

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Spectrum Plastics Group announces building renovation and cleanroom expansion

The 105,000 square foot facility is increasing the size of the Class 8 cleanroom manufacturing space to a total of 10,000 square feet, investing in additional molding machine capacity, renovating the office and employee amenity space and further updating the facility to reflect the modern state of the art and highly technical molding services provided to customers. Paul Schmeling, senior vice president of specialty molding, said of the expansion, “Spectrum has been quietly investing in this market segment by adding 15 new molding machines over the last three years. This cleanroom expansion furthers that commitment with the purchase and installation of another 10 molding machines over the balance of this year and next.” A majority of that capacity will be in 110 ton and less injection molding machines, representing the company’s focus on high precision, small and micro-molded parts serving the medical and defense industries.

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Project Portfolio Management joins Revyre in end-of-life tire disposal

Sydney, Australia –  REVYRE Australia and New Zealand have stepped up a gear in the waste tire sector, raising capital and partnering with Project Portfolio Management P/L (PPM).The MOU with PPM brings a highly capable team with the right values, project management and operational capabilities in the mining and heavy industrial sectors to support REVYRE accelerate and realize our strategy.

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