The demand for automotive window and exterior sealing is also being driven by rising demand for electric vehicles (EVs). The growth of the electric vehicle market is creating new opportunities for window and exterior sealing manufacturers. EVs require specialized sealing solutions to protect sensitive electrical components and maintain energy efficiency.

By 2023 and 2033, the bio-based elastomers market is expected to be worth US$ 513 million and US$ 1,901.8 million, respectively according to Future Market Insights. During the forecasted period of 2023 to 2033, the growth rate is expected to be close to 14%. The advantages that bio-based elastomers have over those made from crude oil in terms of emissions of volatile organic compounds are anticipated to aid in the market’s expansion. The development of bio-based elastomers is a major focus for major crude oil-based elastomer producers.

The carbon black market is characterized by high competition and fragmentation, with numerous global companies operating within it. Competition is driven by factors such as product quality, pricing, innovation, and brand reputation. Notable developments in the market include Birla Carbon’s launch of the Birla Carbon Specialty Blacks product line, featuring high-performance specialty carbon blacks for various industrial applications, and Cabot Corporation’s introduction of the TransfinityTM series of carbon black products, designed to enhance performance and processing efficiency in the tire and rubber industries.

Based on technology type, demand for pressure sensor is expected to increase at a CAGR of about 10% over the assessment period.
By region, Europe and East Asia are expected to be collectively account for a market share of more than 70.9% by 2032.
In terms of vehicle type, passenger vehicle segment is estimated to dominate the market holding more than 75.0% of the total market share.
Total sales in the U.S. market will reach a valuation of US$ 0.3 Bn in 2022.

The global latex coating market is on track to achieve remarkable growth, projected to reach a substantial valuation of $73.36 billion by 2030, from $50.77 billion in 2023, showcasing a robust Compound Annual Growth Rate (CAGR) of 5.4% according to Research and Markets.

The silicone makeup sponge market is anticipated to register a CAGR of 7% during the forecast period, up from US$ 638.58 Million in 2022 to reach a valuation of US$ 1256.19 Million by 2032 according to Future Market Insights.

Some of the prominent players profiled in the global medical grade silicone rubber market include Dow Corning Corporation, Wacker Chemie AG, Shin-Etsu Chemical Co. Ltd., Momentive Performance Materials Inc., Bluestar Silicones International, Stockwell Elastomerics Inc., Elkem Silicones, Saint-Gobain Performance Plastics Corporation, Quantum Silicones LLC, and KCC Corporation.

The global latex mattress market is predicted to reach US$ 20 Billion by 2032, growing at a CAGR of 7% during the forecast period 2022-2032 according to Future Market Insights. As of 2021, the industry was valued at US$ 9.7 Billion, and is expected to reflect a Y-o-Y growth rate worth 5.1% to reach US$ 10.2 Billion by 2022.

The global market is anticipated to have a steady CAGR of 4.2% during the period from 2023 to 2033 according to Future Market Insights. The overall market size is predicted to expand from US$ 59.4 billion in 2023 to US$ 89.6 billion by 2033. Previously, the ethylene copolymers market was thriving at a CAGR of 3.5% from 2018 to 2022, resulting in a market size of US$ 57.4 billion in 2022.

The Global Bias Tire Market size is estimated to grow at a CAGR of 13.46% between 2023 and 2027. The market size is forecast to increase by USD 25,765.53 million. The growth of the market depends on several factors, including the growing demand for bias tires in the agriculture equipment market, a rise in sales of passenger vehicles globally, and an increase in two-wheeler production and sales. The US, China, India, Japan, and Germany are the top countries contributing to the market growth. The US held the largest market in 2021 projecting revenue of USD 3,974.37 million according to Technavio.

In 2023, the Plastic-Rubber Composite Market is expected to be worth US$ 2,170.9 million. The market is expected to reach US$ 3,638.5 million by 2033, expanding at a 5.3 % CAGR throughout the forecast period according to Future Market Insights. In comparison to single materials, these composites offer better performance characteristics. These composites can improve the overall performance, safety, and comfort of automobiles by combining the qualities of both plastic and rubber, such as impact resistance, durability, noise reduction, and vibration dampening.

End-use industries are rapidly inclining towards synthetic rubber over natural rubber in the automotive tire industry which is expected to bolster growth in the styrene butadiene rubber market. Over recent years, the use of synthetic rubbers such as styrene-butadiene has witnessed impressive growth due to technological advancements coupled with rising applications in the industrial and automotive sectors. Backed by these factors, Future Market Insights (FMI) expects styrene butadiene rubber sales to reach US$ 18,079.6 Million in 2032.

The global retread tire market is predicted to be worth US$ 11.2 billion globally in 2023 and US$ 20 billion globally by 2033. Retread tire sales are anticipated to increase at a CAGR of 6% from 2023 to 2033 according to Future Market Insights.

Medical is estimated to be the largest application of micro injection molding machines between 2023 and 2028. The global coronavirus outbreak has surged the demand for medical equipment, including surgical devices, medical systems, and other instruments. Technical advancements in the field of medicine are also driving the use of micro components in medical procedures, improving patient outcomes. The intensified R&D in the medical industry is increasing the demand for micro injection molding equipment as well as medical micro parts.

The global tire recycling market size was valued at $12.9 billion in 2022, and is projected to reach $18.1 billion by 2032, growing at a CAGR of 3.4% from 2023 to 2032 according to Allied Market Research. Tire recycling is a process of converting old and scrap tires that can no longer be used, into other products, such as pyrolysis oil, tire-derived fuel, and other rubber products. Various small-scale vendors also repurpose old tires into other useful products such as drinking water tanks for cattle, planters for planting trees in parks, and other products. It also includes the repair and retreading of old tires for reuse. Tire recycling gives the tire a new use; therefore, reducing its carbon footprint.

The global aircraft tire market is projected to attain a valuation of US$ 1.8 billion in 2023 and is anticipated to reach US$ 3.3 billion by 2033 and is expected to increase at a CAGR of 6.2% during the forecast period according to Future Market Insights.

Cast elastomers are employed in body seals and weatherstrips to ensure proper sealing between vehicle body panels, doors, windows, and other openings. They offer flexibility, weather resistance, and sealing properties, preventing water, dust, and noise intrusion into the vehicle cabin. Cast elastomers are employed in automotive seating systems to enhance comfort and durability. They provide cushioning, impact resistance, and flexibility, ensuring comfortable seating for occupants.

The global polymer seals market achieved an estimated valuation of US$ 11.3 billion. Looking ahead, Future Market Insights (FMI) envisions a steadfast Compound Annual Growth Rate (CAGR) of 5.1% from 2022 to 2032, propelling an upward trajectory in market expansion. The versatile utility of polymer seals spans across various industries, encompassing oil & gas, aviation, aerospace, and automobile sectors on a global scale.

The global retread tire market is expected to attain a valuation of US$ 11.2 billion in 2023, and is projected to reach US$ 20 billion by 2033. From 2023 to 2033, sales of retread tires are likely to rise at a CAGR of 6% according to Future Market Insights.

The Global Synthetic Rubber Market is projected to grow at a CAGR of 4.6% from 2023 to 2030, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 29.31 Billion in 2022 and is expected to reach USD 42.03 Billion by the end of the forecast period.

The global Dimethyldichlorosilane Market is expected to grow at a robust CAGR of 8.5% from 2022 to 2032. The target market will accrue a revenue of US$ 2.48 billion by 2032, as opposed to US$ 1.19 billion in 2022 according to Future Market Insights. This growth can be attributed to escalating demand for silicon that can work as a suitable sealant for aircraft and electronic motors. The increasing popularity of green tires will further augment the sales of dimethyldichlorosilane in the global market during the forecast period.

The silicone market is consolidated, with most of the share accounted for by key players. Some of the market’s major players include Wacker Chemie AG, Dow, Shin-Etsu Chemical Co. Ltd, Momentive, and Elkem ASA, among others.

The global automotive silicone market is projected to witness substantial growth, reaching USD 3.4 billion by 2028, with a CAGR of 7.3% from USD 2.4 billion in 2023 according to Research and Markets.

One of the most profitable markets for zinc carbonate is the rubber industry. Zinc carbonate is a commonly used raw material in the production of rubber. It is used to increase the translucency or transparency of natural rubber. It could also be used as a flame retardant by acting as a fireproofing filler in high-temperature rubber. Rising demand for rubbers from various end-use industries is expected to boost zinc carbonate market during the forecast period.

A few of the well-known market leaders in the global thermoplastic elastomer market that are profiled by Research Nester are Arkema Group, Huntsman International LLC, Covestro AG, KRAIBURG TPE GmbH & Co. KG, Kent Elastomer Products, ALTANA AG, Tosoh America, Inc., The Lubrizol Corporation, Teknor Apex Company, Inc., JSR Corporation, and other key market players

Leading global tire manufacturers have a significant presence in the European market. Companies such as Michelin, Bridgestone, Continental, Goodyear, Pirelli, and Dunlop are well-established and have strong brand reputations. These manufacturers offer a wide range of tire options for various vehicle segments and have a robust distribution network across Europe.

The ethylene copolymers market is anticipated to have a steady CAGR of 4.2% during the period 2022-2032. The global Ethylene Copolymers Market size is predicted to grow from US$ 57.4 Bn in 2022 to US$ 86.6 Billion in 2032 according to Future Market Insights.

According to the report, the global carbon black market attained a value of USD 16723.6 million in 2022. Aided by the growing demand for rubber products and the expanding automotive industry, the market is projected to further grow at a CAGR of 5.7% between 2023 and 2028 to reach a value of USD 23371.79 million by 2028.

The U.S. in North America is expected to witness significant growth in the demand for bio-based elastomers. This is due to the fact the country hosts a number of conventional elastomer manufacturers such as Avient Corporation, Huntsman International LLC, The Lubrizol Corporation, Trinseo, and Dow that are now engaged in the development of bio-based elastomers.

Key manufacturers in the market offer a wide range of products to sustain the harsh competition in the market. Companies such as Sika AG, Wacker Wacker Chemie AG, The Dow Chemical Company, Guardian Glass, YKK Corportaion offer a wide range of silicon sealant and adhesive, glass, metal brackets and others.