The global rubber compound market, valued at USD 10.47 billion in 2023, is projected to reach USD 12.124 billion by 2032, with a CAGR of 2.1%. Rubber compounds are essential in automotive, construction, footwear, and industrial applications due to their durability and resistance.
The global hydrogenated nitrile rubber (HNBR) market, valued at USD 473.5 million in 2022, is projected to reach USD 812.2 million by 2031, growing at a CAGR of 6.2%. HNBR offers enhanced resistance to chemicals and oil, driving its demand across automotive, construction, and oil & gas sectors. Despite COVID-19 impacts, the market shows resilience, particularly in the Asia-Pacific region.
Discover the benefits of TPE for sustainable yoga mats, offering flexibility, durability, and eco-friendliness. Learn why TPE is replacing PVC, its safety features, and how it provides the perfect balance of cushioning and grip for your yoga practice.
The global styrenic block copolymer (SBC) market is projected to reach USD 17.37 billion by 2045, growing at a CAGR of 5.3%. Growth is driven by the increased use of SBCs in construction, lightweight applications, and sustainable building practices. Rising raw material prices and energy costs are influencing market dynamics. Companies are enhancing R&D efforts and launching new products to meet growing demand.
The SBS market is growing due to demand in construction, automotive, and packaging. Key trends include eco-friendly products and increased healthcare use. Challenges include raw material price changes and regulatory issues. Asia-Pacific, especially China, leads growth.
The SBR-Based Adhesive Market, valued at USD xx.x Billion in 2023, is projected to reach USD xx.x Billion by 2031, growing at a CAGR of xx.x%. Growth drivers include technological advancements and sustainability trends.
In late April 2024, Belgian TPE prices rose by 1% due to an 11% increase in Styrene costs. Despite stable demand from the automotive and electronics sectors, shifts to hybrid vehicles have slightly impacted TPE demand.
Chinaplas 2024 concludes successfully with DZBH anticipating future reunions after engaging discussions and fruitful exchanges with domestic and international clients on technical challenges and industry trends.
The report segments the market by application type and geography, and includes information on key vendors such as KRAIBURG TPE, Mitsubishi Chemical, Riken Technos, SANNO, and Sumitomo Chemical.
The SEBS (Styrene Ethylene Butylene Styrene) market is growing due to its use in automotive, construction, and medical industries. Key trends include eco-friendly materials and high-performance SEBS products. Major players are Kraton, Sinopec, and TSRC.
This article offers an in-depth analysis of the hot melt adhesive (HMA) market from 2024 to 2030, covering key players, market size, segmentation, and regional trends. It discusses growth drivers, challenges, and emerging technologies, providing insights into market opportunities and future prospects.
The global Butadiene market, valued at USD 11.83 billion in 2022, is projected to reach USD 38.35 billion by 2030 with a CAGR of 18.3%. Key drivers include automotive industry growth and synthetic rubber demand. Asia Pacific leads the market.