The additive manufacturing market is bouncing back and poised to become bigger than ever according to the latest report from SmarTech Analysis, the leading market analysis firm serving the additive manufacturing industry. Prior SmarTech advisory reports predicted this development more than a year ago at the onset of the coronavirus pandemic in the West. The latest report, released to advisory services clients last week, quantifies continued acceleration in all sectors of additive manufacturing, examining key ongoing trends at play which set the stage for an anticipated move into historic growth.
According to Technavio, the all-terrain vehicle (ATV) tires market size will decrease by $7.11 million during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of (0.99) percent.
While growth projections by Fact.MR remain positive, the silicone adhesives market might face challenges owing to restrictions imposed amid the COVID-19 crisis. Decelerating sales in the construction sector as a result of the pandemic will continue posing a threat.
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.
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.
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.
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.
The biggest global liquid silicone rubber (LSR) companies in the world are the Dow Corning. Wacker Chemicals, Momentive, ShinEtsu, KCC Corporation, Laur Silicone, Tianci Materials, Guangdong Polysil, Shenzhen SQUARE Silicone, BlueStar Xinghuo, Jiangsu Tianchen and Dongguan New Orient Technology are the main players in this industry. Although not every country is exclusively dominated by multinational companies, these companies tend to dominate the markets in many countries, meaning that they also often directly control distribution of their product. Correspondingly, they also have a great influence over most, if not all of the value chain through their superior bargaining power. In most market, Dow Corning. Wacker Chemicals, Momentive and ShinEtsu are market leaders. China is the world`s most competitive market due to China`s large number of manufacturer
The global tire market is an allied market to the rapidly shifting automotive market. As vehicles are getting more efficient, infrastructure is getting smoother, the tire market finds itself a suitable pedestal to grow upon. As per the research conducted by Bonafide Research, under the title, Global Tire Market Outlook, 2026, the global tire market is evaluated to be selling more than 2,000 million tires annually as of 2020. The tire market globally is expected to grow to more than 2,700 million tires by the year 2026.
According to Stratistics MRC, the global tire cord fabrics market is accounted for $4.15 billion in 2017 and is expected to reach $7.89 billion by 2026 growing at a CAGR of 7.4 percent during the forecast period. Rise in vehicle usage and growth in the awareness for biodegradable products are some of the factors propelling the market growth. However, fluctuating raw material prices is hindering the market growth.
215 billion units, or about 37%. Although manufacturers are working hard to increase production, industry experts are predicting possible shortages in 2021. However, the demand for surgical gloves reduced significantly as about 28 million surgeries were canceled or postponed during the pandemic. But post COVID-19, the number of surgeries performed will go high, which will accelerate the demand. North America dominates the global medical gloves market share, followed by Europe, APAC, Latin America, and Middle East & Africa. In the future new products, expansions, and collaborations will be crucial for companies to maintain revenue growth. For example, a key player, Supermax, currently has 24 billion pieces of gloves per annum, and the company is planning to expand it to over 44 billion pieces by the end of 2024.
Global market of Nitrile Butadiene Rubber is growing exponentially over the last few years and is expected to achieve a CAGR of 3.12% in the forecast period owing to its properties including resistance to wear and tear, thermal resistance, high gas impermeability and low temperature flexibility. NBR is synthetic rubber produced from a copolymer of acrylonitrile and butadiene. Due to its oil resistant nature, its primary applications are in fuel hoses, gaskets, and other products in which oil resistance is essential.
As with all global elastomer markets, the silicone elastomers market also suffered a serious setback since the beginning of 2020. However, unlike other elastomer markets, the silicone elastomer market is rebounding rapidly, despite (or more importantly because of) the COVID-19 pandemic.
The U.S. Tire Manufacturers Association (USTMA) projects total U.S. tire shipments of 336.1 million units in 2021, compared to 303.2 million units in 2020 and 332.7 million units in 2019. Compared with 2020, original equipment (OE) shipments for passenger, light truck and truck tires are expected to increase by 9.9 percent, 6.2 percent and 25.3 percent, respectively, with a total increase of 5.2 million units. Replacement shipments for passenger, light truck and truck tires are also projected to increase by 10.1 percent, 13.2 percent and 14.6 percent, respectively, with a total increase of 27.7 million units.
The July 2021 edition of the World Rubber Industry Outlook (WRIO) is now available. The current forecast in WRIO comprises two economic scenarios: base case scenario rooted from the IMF’s base line GDP forecast; downside scenario assumes bottlenecks in reaching effective vaccine protection and high infection rates of COVID-19 variants have a drag on the normalization in mobility and recovery in contact-intensive sectors in 2021 and 2022.
Market Research Future (MRFR) expects the masterbatch market to touch an approximate valuation of $13,839.3 million by the end of 2025. MRFR believes that the strong demand for masterbatch is due to the rising preference for high performance, advanced materials among end use industries like aerospace, automotive, consumer goods and packaging.
Historically, sales of fumed silica surged at a CAGR exceeding 4 percent , closing in at over $1 billion in 2020. Prospects dipped amidst the COVID-19 pandemic, as mandatory factory shutdowns occurred to curb the spread of the novel coronavirus. Fortunately, prospects widened since the fourth quarter of 2020, as lockdowns were lifted and restrictions eased, permitting resumption of manufacturing operations.
The long term outlook of the TCF market in air springs still looks favorable with an expected bounce back in the market from 2021 onwards. Strong market fundamentals such as recovery in automotive production and the rolling stock market, increasing penetration of air springs in the emerging economies and excellent properties of TCF are likely to drive the market to recover at a promising CAGR of 6.5 percent to reach $133 million in 2026.
The major players operating in the European tire market include Bridgestone Europe NV/SA, Michelin, Continental AG, Sumitomo Rubber Industries Ltd. and Yokohama Rubber Co. Ltd.
The global tire recycling downstream products market is valued at $4.1 billion in 2021, and it is anticipated to grow at a CAGR of 2.15 percent over the forecast period until 2030, according to Quince Market Insights. Recycling technologies improve the circular economy by maximizing the return of materials produced. Hence, tire recycling downstream will have a huge impact on the economy. The tire recycling process involves the conversion of discarded or end-of-life tires into useful industrial materials. Various methods are adopted for tire recycling, including pyrolysis, cryogenic recycling and repurposing the old tires. However, the most common technique used is shredding, which has a huge impact on market growth.
earch report “Industrial PU Elastomer Market by Type (Thermoset PU Elastomer, Thermoplastic PU Elastomer), End-use Industry (Transportation, Industrial, Medical, Building & Construction, Mining Equipment) and Region – Global Forecast to 2026”, published by MarketsandMarkets™, the market size is projected to reach USD 10.5 billion by 2026 from USD 7.7 billion in 2021, at a CAGR of 6.3% during the forecast period.
Key players in the global Agricultural Tires market are Bridgestone Corp., Continental AG, Balakrishna Industries Limited, Titan International, Inc., Trelleborg AB, Michelin, Nokian Tyres PLC, Pirelli & C SpA, Alliance Tire Group, and Apollo Tyres.
The global isoprene rubber market is estimated to be valued at $1.6 billion in 2021 and is projected to reach $1.9 billion by 2026 at a CAGR of 3.5 percent, according to the latest report from Global Market Estimates. Isoprene rubber is a necessary component in a wide spectrum of application domains to meet the consistent demand protrusions in the end-use industries. Rubber, both natural and synthetic, is extensively used in a variety of industrial applications for improved machinery and device longevity, in addition to serving as a protective liner for numerous corrosive environment and abrasive wear susceptible components. The item is a high-end industry constituent that has been powering a variety of commercial implementations. Such rubber is analogous to natural rubber and can be produced inevitably as well as synthetically.
3D printing of fiber-reinforced polymers is rapidly approaching a commercial tipping point. This is quickly becoming one of the most exciting and impactful areas of 3D printing; over the next decade the market will grow to $2 billion, the installed base and applications will expand, and technology will continue to mature, according to IDTechEx. This growth will not be without challenges; there are barriers to adoption to be overcome in multiple sectors, supply chains and digital infrastructures to be established, and an inevitable consolidation in the number of manufacturers.
The global medical tubing market was valued at $8,418 million in 2019 and is expected to reach $1,3770 million by the end of 2026, growing at a CAGR of 7.2 percent during 2021-2026, according to Valuates Reports.
The global long fiber thermoplastics market size was estimated to be US$ 2.75 billion in 2020 and is expected to reach US$ 7.7 billion by 2031 at a CAGR of 9.9%. Long fiber thermoplastics have high abrasion resistivity as a support for sensitive electronic components, which are a part of a few standard agreements and regulations in the hardware business.
Factors such as increasing demand for premium bicycles and government initiatives to promote bicycle market will offer immense growth opportunities. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments. The bicycle oem tires market is fragmented, and the degree of fragmentation will accelerate during the forecast period.
The global EPDM market size is estimated to be $2.5 billion in 2021 and is projected to reach $3.6 billion by 2026, at a CAGR of 7.2 percent between 2021 and 2026, according to Research and Markets. The EPDM market is driven by recovery of the automotive sector during the forecast period. APAC is the dominating region for the automotive sector in countries like China, India, Japan and other Southeast Asian countries.
The global rubber process oil market size was $2,118.4 million in 2020 and is expected to reach a value of $2,927.6 million by 2028, and register a CAGR of 4.10 percent during the forecast period, according to Reports and Data. Rubber process oil is used for manufacturing multiple rubber compounds, and it improves dispersion and flow characteristics of compounds during processing.
The Rubber Molding Machinery market will register a 2.7% CAGR in terms of revenue with a global market size of USD 763.6 million by 2025 according to 360 Research Reports.