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According to market research, the global fluorosilicone compounds market is expected to witness significant growth in the coming years, with North America (NA), Asia Pacific (APAC), Europe, the United States, and China emerging as key regional players. NA is expected to dominate the market due to the increasing demand for fluorosilicone compounds in the automotive, aerospace, and defense sectors.

The OTR tires market is highly concentrated, with a few large players. The Goodyear Tire & Rubber Company was the largest OTR tire manufacturer with 12.6% share of the market, followed by the Yokohama Rubber Co Ltd., Michelin, Continental AG, Bridgestone Corporation, Triangle Tyre Co. Ltd., Apollo Tyres Ltd., Sumitomo Rubber Industries, Ltd., Balkrishna Industries Limited (BKT) and Aeolus Tyre Co., Ltd.

The market is expected to experience significant growth, primarily influenced by the increasing prices of new tires, particularly for sports utility vehicles. This trend can be attributed to the rise in natural rubber costs and the volatility of crude oil prices. Additionally, the expanding number of commercial vehicles in operation worldwide is projected to be a major driving force for market growth

Malaysia holds the credit for being the biggest maker of rubber gloves, thereby manufacturing volumes of more than 200 Bn every single year. The country is also known for exporting ~182 Bn gloves in the year 2019, with MARGMA (Malaysian Rubber Glove Manufacturers Association) estimating this figure to reach 240 Bn pieces in the year 2020. The figure never came down after that due to the reasons mentioned above.

By 2028, the global industrial hose assemblies market is expected to be worth US$ 19,973.7 million and US$ 37,556.7 million, expanding at a 6.5% CAGR according to Future Marke Insights. China is anticipated to dominate the global industrial hose assemblies market for the duration of the forecast period. Participants in the Chinese market benefit from economies of scale and lower steel and synthetic polymer manufacturing costs.

BlueWeave Consulting in its recent study, estimated the global nitrile butadiene rubber (NBR) latex market size at USD 2.9 billion in 2022. During the forecast period between 2023 and 2029, the global nitrile butadiene rubber (NBR) latex market size is projected to grow at a CAGR of 6.12% reaching a value of USD 4.14 billion by 2029. The robust automotive industry and the expanding usage of NBR products including seals & O-rings, hoses, belts, molded products, cables, and others are major growth factors for the global nitrile butadiene rubber (NBR) latex market. The expansion of the automotive industry is forecast to continue in the coming years by the trend toward electric vehicles and the development of autonomous vehicles, which would consequently boost demand for NBR latex products.