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.
According to the report from Allied Market Research, the global rubber gloves industry was estimated at $34.0 billion in 2020, and is anticipated to hit $122.5 billion by 2030, registering a CAGR of 12.2 percent from 2021 to 2030.
The global disposable gloves market size is expected to reach USD 32.24 billion by 2026, growing at a CAGR of 10.84%. Due to the COVID-19 pandemic, the demand for the examination glove has increased amongst physicians and front-line workers worldwide. As a result, the production cost has gone up immensely, creating an imbalance between demand and supply. The medical industry is the biggest market for vinyl exam gloves. Due to COVID-19, the logistics were affected immensely because country borders were sealed all over the world.
The solvent based adhesives market exhibits high growth potential and is projected to reach a market size of $8.5 billion by 2026 from $7.6 billion in 2021, at a CAGR of 2.3 percent. The market growth opportunities are increasing due to the strength of solvent based adhesives. They provide superior shear and peel strength. The growth of the market is supported by the increasing construction and automobile applications and growing demand in the APAC region.
The North America and Asia Pacific gasket and seal market is classified into automotive and transportation, industrial and manufacturing, oil and gas, power and energy, chemicals, and others. Automotive and transportation and oil and gas dominated the end-use industry segment in terms of revenue. An increase in the adoption of gasket and seal solutions in oil and gas refineries is due to stringent regulations implemented by the Environmental Protection Agency (EPA) in North America. As compared to Europe and LAMEA, the North America and Asia Pacific gasket and seal market share is dominant, owing to rising industrialization in Asia Pacific, and significant increase in the adoption of mechanical seals in the oil and gas refineries of North America.
The global market for sealants, estimated at $8.4 billion in the year 2020, is projected to reach a revised size of $11.9 billion by 2027, growing at a CAGR of 5.1 percent over the analysis period 2020-2027, according to Reportlinker.com. Silicone, one of the segments analyzed in the report, is projected to record a 5.8 percent CAGR and reach $4.5 billion 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 polyurethane segment is readjusted to a revised 5.3 percent CAGR for the next seven year period.
The key aspect that drives the growth of the market includes the rising demand for medical implantable devices owing to the rising chronic cardiovascular diseases across the region. The increasing number of aging populations, high healthcare spending, along with the rising prevalence of cardiovascular diseases are some of the factors that increase demand for implantable devices, which in turn enhances the growth of the market over the forecast period. Besides, various properties offered by the medical grade silicone are also likely to enhance its adoption, which drives the growth of the North American medical grade silicone market over the forecast period.
– Elastomeric Sealants Market is expected to reach a value of $5.4 billion by the end of the year 2026 after growing at a CAGR of 5.7% during the forecast period from 2021-2026. The increase in demand in construction and automotive industry, have eventually led to the market for elastomeric sealants, as it is one of the key use industries of elastomeric sealants. Elastomeric sealant is also extensively used in infrastructure industry, which has surged the demand for elastomeric sealants. Various types of elastomeric sealants such as silicone emulsions, acrylate dispersion and silane modified polymer. Silicone emulsions are extensively used as release agents and lubricants in food trays and plastic serving dishes, as it helps in improving protection, resistance, gloss and spread-ability. Acrylate dispersions are helpful in providing hardness, chemical resistance and corrosion inhibition. Further the increase in demand for elastomeric sealants from automobile industry is driving the elastomeric sealants market.
The rising demand from the building, construction and automotive industry is expected to drive the sales of rubber processing chemicals globally. Rubber is extensively used for manufacturing belts, pipes, flooring, mats, tires and gloves. It is increasingly being adopted as it has enhanced resistance against ozone damage, mechanical stress, effects of oxygen, sunlight and heat.
The market size for building envelope adhesives and sealants is projected to grow from $4.8 billion in 2021 to $5.9 billion by 2026, at a CAGR of 4.3 percent between 2021 and 2026, according to MarketsandMarkets. The market growth of building envelope adhesives and sealants in the APAC region is due to easy availability of raw materials at competitive prices and a cheap labor force.
The global Silicone Resins Market size is expected to grow from USD 4.8 billion in 2021 to USD 6.3 billion by 2026, at a CAGR of 5.5% during the forecast period. The driving factors for the silicone resins market is increased involvement of silicone resins in the industrial segment, and the building & construction, automotive & transportation, and electronic industries in emerging economies. This driving factor is boosting the demand for silicone resins industries.
The global advanced tires market size is expected to be valued at $248.7 million in 2020 and is projected to reach $1,349.7 million by 2030, registering a CAGR of 18.4% from 2020 to 2030. Asia-Pacific will account for the highest share in 2020 and is expected to be the highest contributor to the global market, in terms of revenue, during the advanced tires market forecast.
The nitrile gloves market is expected to grow at a CAGR of 19.84% from an initial value of US$4,304.244 million in 2019 and is estimated to reach the market size of US$15,279.227 million in 2026 according to ResearchandMarkets.com.
The global silicone film market is accounted for $745.66 million in 2017, and is expected to reach $1,512.43 million by 2026, growing at a CAGR of 8.2 percent, according to www.trendsmarketresearch.com. Factors such as the rising demand in end user industries and the properties that aligned with silicone film are fueling the market growth. However, the increasing cost of operations for the production and manufacturing and stringent regulations acts as a hindrance for the growth of the market.
America’s construction silicones market size is forecast to reach around $1.2 billion by 2025, after growing at a CAGR of 6 percent during 2020-2025. Silicones are polymers composed of many repeated subunits of siloxane. An increase in the standard of living has increased the construction activities in America, which in turn boosted the use of silicone for adhesives and tapes. Silicone rubbers are also used as a sealant in windows and doors to insulate the building from heat and moisture. Moreover, rising environmental concerns and the presence of substitutes such as urethane based sealants and polysulfide sealants act as a restraining factor for the growth of America’s construction silicones market.
The rubber additives market will reach an estimated valuation of $6.98 billion by 2027, while registering this growth at a rate of 5.50 percent for the forecast period of 2020 to 2027, according to Data Bridge Market Research. The rubber additives market report analyzes the growth, which is currently being owed to the focus of advancements adopted by the industries because of the significant viscosity shown by rubber additives.
The global rubber bonded abrasives market is accounted for $1.13 billion in 2017 and is expected to reach $1.59 billion by 2026, growing at a CAGR of 3.9 percent during the forecast period. Growing application in transportation and electrical and electronics industries is one of the major factors boosting the market growth. However, the shifting base of pollution causing producers may hamper the market growth.
The global synthetic rubber market size is estimated to be $19.1 billion in 2021 and is projected to reach $23.2 billion by 2026, at a CAGR of 4.0 percent between 2021 and 2026. The recovery of the automotive sector across the world is driving the synthetic rubber market during the forecast period, according to ReportLinker.
Bicycle tires will experience higher sales than ever before as demand for bicycles, especially e-bikes, mountain bikes and road bikes, surges across regions. Tubeless tires will be in particularly high demand, and the need for increased grip and hassle-free riding experience will continue to grow over the coming years.
The flame retardant chemicals market was dominated by Asia-Pacific for the year 2020. China alone accounts for nearly a quarter of worldwide flame retardant demand. China’s high demand is fueled by the country’s growing chemical and automobile industries. India is also anticipated to grow its market share in the global market as a result of increased foreign investment. In North America, on the other hand, the market will grow significantly in the coming years because fire safety in all end products is mandatorily regulated. In addition, due to the growing use of these products by the automotive industry, the Europe market will show significant growth in the next few years.
The styrene butadiene rubber (SBR) market is expected to grow at a CAGR of over 4 percent over the forecast
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.