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The polyolefins market was valued at $133.9 billion in 2020, and is projected to reach $446.6 billion by 2028, growing at a CAGR of 12.5 percent from 2021 to 2028, according to Valuates Reports.

The global market for defoaming coating additives estimated at $894.3 million in the year 2020 is projected to reach a revised size of $1.3 billion by 2027, growing at a CAGR of 5.3 percent over the analysis period 2020-2027, according to Research and Markets. Silicone-based additives, one of the segments analyzed in the report, are projected to record a 5.2 percent CAGR and reach $487.7 million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the mineral oil-based segment is readjusted to a revised 5.1 percent CAGR for the next seven-year period.

The global rubber processing chemicals market was estimated to be valued at nearly $4,750 million at the end of 2017 and is likely to reach a figure of nearly $7,000 million at the end of the period of forecast in 2026, and in the process exhibit a CAGR of 4.5 percent during the time span of 2017-2026.

The global butyl rubber market is expected to reach a market valuation of over $ 4,200 million by the end of 2025, growing at a CAGR of 4.7 percent during the forecast period. The rise in demand for butyl rubber is due to its growing applications. The butyl rubber market is witnessing a rapid increase in demand from the pharmaceutical industry.