Silicone Global Market Report 2023 – By Product Type (Elastomers, Fluids, Gels, Other Product Types), By Application (Construction, Transportation, Electrical and Electronics, Textiles, Personal Care and Pharmaceuticals, Other Applications), By End Userr (Industrial, Electronics, Machinery, Aerospace, Medical) – Market Size, Trends, And Global Forecast 2023-2032

Silicone in heavy machinery refers to synthetic high-performance material that is employed in electrical heavy machinery in the form of reactive silanes, silicone fluids, and silicone polymers. Silicone in the heavy machinery is used as adhesives and sealants in consumer and industrial applications. The main types of silicone in heavy machinery are elastomers, liquid silicone rubber, and other types. An elastomer refers to long-chain polymers of carbon, hydrogen, oxygen, and silicon that exhibit viscosity as well as elasticity properties and whose molecules are held together by weak intermolecular forces. The applications involved transformers and switchgear. The various sales channels involved direct channel or institutional sales and indirect sales. The global silicone in heavy machinery market is segmented – 1) By Type: Elastomer, Liquid Silicone Rubber, Other Types 2) By Application: Transformer, Switchgears 3) By Sales Channel: Channel-Direct/Institutional Sales, Indirect Sales The global silicone in heavy machinery market size grew from $1.32 billion in 2022 to $1.42 billion in 2023 at a compound annual growth rate (CAGR) of 8.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of the global silicone in heavy machinery market size is expected to grow to $1.93 billion in 2027 at a CAGR of 7.8%. Growing demand for silicone rubber in the wind energy sector across the globe is expected to propel the growth of the silicone market going forward. Silicone rubber refers to an elastomer made of silicone, which contains silicon as well as carbon, hydrogen, and oxygen. In wind turbine blades and tower sections, silicone rubber is frequently utilized for its long-lasting, adhesive, and sealing qualities for lubrication, thermal interference, and sealing. For instance, in November 2021, according to the Global Wind Report published by the Global Wind Energy Council, a Belgium-based international trade association for the wind power industry, 93 GW of new capacity wind power was installed worldwide, with a 53% year-on-year increase, making 743 GW of wind power capacity globally. Therefore, the growing demand for silicone rubber in the wind energy sector is driving the silicone market. Major players in the silicone in heavy machinery market are Dow Inc., Elkem Silicones, KCC Corporation, Momentive Inc., Shin-Etsu Silicone, Wacker Chemie AG, Iota Silicone Oil (Anhui) Co., Ltd., Stockwell Elastomerics Inc., Zhejiang XinAn Chemical Industrial Group Co., Ltd., Evonik Industries AG, Gelest Inc., Innospec Inc., Avantor, Alstone Industries, and ARCO Silicone. Product innovation is a key trend gaining significant popularity in silicone in the heavy machinery market. Major market players are concentrating their efforts on innovating new products in various industries that aid in thermal stability, durability, flexibility, and electrical conductivity. It provides properties such as flame retardant, steam resistant, UV and radiation resistance, and metal adhesion. For instance, in December 2020, WACKER, a Germany-based company that develops and manufactures silicone rubber and polymer products operating in the silicone heavy machinery market, launched its newest product, ELASTOSIL eco, which is a silicone sealant based on renewable raw materials using unique bio-based methanol obtained from certified sustainable sources. In February 2020, Elkem ASA, a Norway-based advanced material solutions company engaged in manufacturing silicones, silicon products, and carbon solutions, acquired Polysil for an undisclosed amount. The acquisition strengthens a strategic partnership between Elkem ASA and Polysil that aids in providing a platform for further specialization and growth globally. Polysil is a China-based manufacturer of silicone elastomer and resin materials for the electronics and medical industries operating in the silicone heavy machinery market. Asia-Pacific was the largest region in the silicone in heavy machinery market in 2022. North America was the second-largest region in the silicone in heavy machinery market share. The regions covered in this silicone in heavy machinery market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the silicone in heavy machinery market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The silicone in the heavy machinery market consists of sales of high temperature silicone, liquid silicone and room temperature silicone. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The silicon in heavy machinery market research report is one of a series of new reports from The Business Research Company that provides silicon in heavy machinery market statistics, including silicon in heavy machinery industry global market size, regional shares, competitors with silicon in heavy machinery market share, detailed silicon in heavy machinery market segments, market trends and opportunities, and any further data you may need to thrive in the silicon in heavy machinery industry. This silicon in heavy machinery market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The silicone elastomers are used for electrical insulation as sheet, tape, wire and cable coverings, extruded sleeving and moldings, and many other applications. Silicone elastomers are a range of heat-stable elastic silicone materials used for electrical insulation, where they play a critical role in the delivery of high-quality prefabricated building elements. The main types of silicone elastomers are high-temperature vulcanized, room temperature vulcanized, and liquid silicone rubber. High temperature vulcanized is a type of rubber that possesses strong mechanical properties in the elastomer product space and is used in compression molding, extrusion, and injection molding. The various process types include compression molding, liquid injection molding, injection molding, extrusion, and others that are used in automotive and transportation, electrical and electronics, healthcare, consumer goods, industrial machinery, and other end users. The global silicone elastomers market is segmented – 1) By Product: High Temperature Vulcanized, Room Temperature Vulcanizing, Liquid Silicone Rubber 2) By Process: Compression Molding, Liquid Injection Molding, Injection Molding, Extrusion, Other Process Types 3) By End User: Automotive and Transportation, Electrical and Electronics, Healthcare, Consumer Goods, Industrial Machinery, Other End Users The global silicone elastomers market size grew from $7.34 billion in 2022 to $8.02 billion in 2023 at a compound annual growth rate (CAGR) of 9.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of the global silicone elastomers is expected to grow to $10.7 billion in 2027 at a CAGR of 7.5%. The rapid growth in the automotive and construction industries is expected to propel the growth of the silicone elastomers market going forward. Construction refers to the operations of installing and assembling project equipment and materials. As silicon elastomers are widely used in the automotive and construction industries for engine and gearbox gasketing, power-train sealing, and battery modules, as a result, the growth in those industries increases the demand for silicone elastomers. For instance, according to India Brand Equity Foundation data 2021, the Indian automotive industry (including component manufacturing) has been expected to reach Rs. 16.16–18.18 trillion (USD251.4–282.8 billion) by 2026. In addition, according to international construction data 2021, despite the ongoing uncertainty of the COVID-19 pandemic, global construction output has seen a growth of 5.7% in 2021. Therefore, the rapid growth in the automotive and construction industries will drive the growth of the silicone elastomers market. Major players in the silicone elastomers market are Mesgo S.P.A., Momentive Performance Materials Inc., Shin-Etsu Chemical Co, KCC Corporation Ltd., China National BlueStar (Group) Co. Ltd., Specialty Silicone Products, ContiTech AG., Dow Corning, Wacker Chemie, Allergan Inc., Saint-Gobain, Bentec Medical, Zhejiang Xinan, Reiss Tech Inc., Cabot Corporation, Shenzhen Inno Silica Co. Ltd., ICM Products Inc., and 2D Chemical Ltd. The introduction of biomedical-grade silicone elastomers has emerged as the key trend gaining popularity in the silicone elastomer market. Major companies operating in the silicone elastomers sector are focused on the introduction of biomedical-grade silicone elastomers to meet customer demand. For instance, in October 2021, DuPont, a US-based provider of new technologies and performance materials serving various industries, unveiled the launch of DuPont-Liveo pharma bottle closures, is one-piece silicone stoppers, and tubing made from biomedical-grade silicone elastomers. It is mainly designed to seal the threaded glass and plastic bottles and containers used for critical fluid transfer. In January 2021, The Momentive Performance Materials, Inc., a US-based chemical company, acquired Basildon Chemicals, a subsidiary of KCC Corporation, for an undisclosed amount. With this acquisition, the Momentive Performance Materials, Inc. company would expand its global footprint, focusing on strengths and expertise in advanced technologies while also bolstering the innovation pipeline. Basildon Chemicals is a UK-based chemical manufacturing company operating in silicone elastomers. North America was the largest region in the silicone elastomers market in 2022. Asia-Pacific is expected to be the fastest-growing region in the market share. The regions covered in the silicone elastomers market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the silicone elastomers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The silicone elastomers market consists of sales of high-consistency rubber and fluorosilcone. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The silicone elastomers market research report is one of a series of new reports from The Business Research Company that provides silicone elastomers market statistics, including silicone elastomers industry global market size, regional shares, competitors with a silicone elastomers market share, detailed silicone elastomers market segments, market trends and opportunities, and any further data you may need to thrive in the silicone elastomers industry. This silicone elastomers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Automotive airbags silicone offers thermal resistance, slip resistance, and crash protection. Because airbags generate heat, passengers in the car are at risk of being burned; therefore, applying a thin layer of silicone to the airbag will help protect the fabric from heat and prevent passenger burns. The automotive airbag silicone market covered in the report is segmented by airbag type into cut-and-sewn seam-sealed (CSSS), one-piece-woven (OPW); by airbag position into the front, knee, curtain/side, and others; by vehicle type into passenger cars, LCV, HCV. The global automotive airbags silicone market is segmented - 1) By Airbag Type: Cut-and-Sewn Seam-Sealed (CSSS), One-Piece-Woven (OPW) 2) By Airbag Position: Front, Knee, Curtain/Side, Other Airbag Positions 3) By Vehicle Type: Passenger Cars, LCV, HCV The global automotive airbag silicone market grew from $318.75 billion in 2022 to $374.53 billion in 2023 at a compound annual growth rate (CAGR) of 17.50%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of automotive airbag silicone is expected to grow to $724.06 billion in 2027 at a CAGR of 17.92%. Airbags are made mandatory in front seats for vehicles and this factor is expected to drive the automotive airbag silicone market during the forecast period. Airbags are complex devices that work with a vehicle’s metal body and seatbelts to protect occupants and therefore it is made mandatory for vehicles to have airbags at least in front seats as occupants and driver seating in the first seats are at high risk of injury when there is any collision or accident. For instance, in India, vehicles manufactured on and after the 1st Day of April 2021, in the case of new models, and the 1st day of June 2021, in the case of existing models, shall be fitted with airbags for the person occupying the front seat, other than the driver. Thus, making airbags compulsory for front seats in vehicles is driving the market. Major players in the automotive airbag silicone market are Dow, Elkem Silicones, Shin-Etsu Chemical, Wacker Chemie AG, TORAY Industries, Toyobo, Zodiac, and Porcher Industries. The increasing development of active safety systems is expected to limit the growth of the automotive airbag silicone market. The active safety system in a car works to prevent an accident. These systems are always active while the car is in driving mode and works continuously to keep the occupants safe from getting into an accident. The active safety systems include automatic emergency braking (AEB), forward collision warning (FCW), active cruise control (ACC), lane departure warning (LDW), lane-keeping assist (LKA), blind-spot monitoring, and rear cross-traffic alert (RCTA). According to Consumer Reports, in 2022, more than 47,000 Cr car owners were surveyed. 72% of the respondents were satisfied with Rear Cross Traffic Warning (RCTW), 64% were satisfied with Blind Spot Warning (BSW), 63% were satisfied with the Adaptive Cruise Control (ACC), and 59% were satisfied with the Automatic Emergency Braking (AEB). The increasing development of active safety systems has a negative impact on the automotive airbag silicone market. Innovative airbag design with silicone rubber fabric coatings and seam sealants is an emerging trend in the automotive airbag silicone market. Silicone rubber fabric coatings and seam sealants help airbag design integrity to enhance occupant impact protection and safety. For instance, Dow’s SILASTIC™ silicone engineered elastomers are proven, effective solutions for advanced airbag design. This innovative product meets industry and regulatory requirements for use on cut-and-sewn, seam-sealed (CSSS) airbags and one-piece-woven (OPW) airbags. It can be included in side curtain airbags, front-centre airbags, knee-bolster airbags, frontal airbags (driver and passenger) and side airbags. Asia-Pacific was the largest region in the automotive airbag silicone market in 2022. The regions covered in the automotive airbag silicone market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the automotive airbag silicone market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The automotive airbags silicone market consists of sales ofinflatable seat belts.Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The automotive airbag silicone market research report is one of a series of new reports from The Business Research Company that provides automotive airbag silicone market statistics, including automotive airbag silicone industry global market size, regional shares, competitors with a automotive airbag silicone market share, detailed automotive airbag silicone market segments, market trends and opportunities, and any further data you may need to thrive in the automotive airbag silicone industry. This automotive airbag silicone market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Polybutadiene is a synthetic rubber that is formed from the polymerization process of the monomer 1,3-butadiene. Polybutadiene is abrasion-resistant and is used, especially in the manufacture of tires, as an additive to improve the mechanical strength of plastics such as polystyrene and acrylonitrile butadiene styrene (ABS). Polybutadiene is also used to coat or encapsulate electronic assemblies, offering high electrical resistivity. The main product types of polybutadiene are solid polybutadiene and liquid polybutadiene. Liquid polybutadienes (LPBds) are highly reactive liquid hydrocarbon polymers that are being formulated into solvent-free or low-solvent coating formulations. The applications involved are automotive, chemical, industrial, and other applications. The sales channels involved are online and offline. The industry verticals are tire, automotive, chemical, industrial rubber manufacturing, and other industry verticals. The global polybutadiene (BR) market is segmented - 1) By Product Type: Solid Polybutadiene, Liquid Polybutadiene 2) By Application: Automotive, Chemical, Industrial, Other Applications 3) By Sales: Online, Offline 4) By Industry Vertical: Tire, Automotive, Chemical, Industry Rubber Manufacturing: Other Industry Verticals The global polybutadiene (BR) market size will grow from $19.5 billion in 2022 to $21.29 billion in 2023 at a compound annual growth rate (CAGR) of 9.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global polybutadiene (BR) is expected to grow from $29.36 billion in 2027 at a CAGR of 8.4%. Increased usage of polybutadiene in high-end tire manufacturing has contributed to the growth of the polybutadiene market. Nearly 70% of the world's production of polybutadiene is used in tire manufacturing. After the curing process, BR possesses different properties such as abrasion resistance, poor wet traction, and low rolling resistance because of its low glass transition temperature. It is also widely used in the sidewall of truck tires to improve abrasion and reduce wear. For example, companies such as UBE Industries manufacture BR, which is used in tires with premier physical properties such as rebound, tensile strength, heat buildup, and grades with excellent processability such as mixing, roll banding, and extrusion. Major players in the polybutadiene market report are LG Chem Ltd., Versalis S.P.A, China Petroleum & Chemical Corporation, JSR Corporation, Reliance Industries Limited, Lanxess AG, Kumho Petrochemical Co. Ltd., The Goodyear Tire & Rubber Company, UBE Industries, Ltd., and Synthos S.A. Safety hazards have always been a major challenge in the polybutadiene industry. Due to its potential hazards, butadiene is not sold to customers directly, but it is used in the manufacture of polymers and elastomers. Butadiene is highly volatile and low-water soluble. Long-term exposure to butadiene is detrimental to human health. Exposure to high concentrations can result in damage to the central nervous system, blurred vision, nausea, headache, fatigue, decreased blood pressure, and coma. According to the International Agency for Research on Cancer, 1,3-Butadiene has been listed as a possible carcinogen. Neodymium polybutadiene (ND-PBR) rubber production is an emerging trend in the polybutadiene rubber market. Neodymium is a catalyzed synthetic polybutadiene that has high elasticity and is resistant to dynamic stress at both high and low temperatures. It is majorly used in the manufacturing of tires, conveyor belts, golf balls, footwear, and other industries. For instance, Lanxess, a producer of neodymium polybutadiene rubber, is producing 0.14 million tons of ND-PBR per year. In September 2022, Naftna Industrija Srbije (NIS), a Serbian oil and gas company received permission from the executive of the European Union ‘European Commission’ to acquire HIP-Petrohemija LLC Pancevo (HIPP) for an undisclosed amount. As a result, NIS aims to build HIP Petrohemija through modernization of basic production capacities, development of new plants and improving energy and business efficiency. HIP-Petrohemija LLC Pancevo (HIPP) is a Serbian petrochemicals and synthetic rubber manufacturer. Asia-Pacific was the largest region in the polybutadiene (br) market in 2022. Western Europe was the second-largest region in the global polybutadiene (br) market share. The regions covered in the polybutadiene market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the polybutadiene market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, the UK, the USA, and Australia. The polybutadiene market consists of the sales of high-cis, medium-cis, and low-cis polybutadiene. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The polybutadiene market research report is one of a series of new reports from The Business Research Company that provides polybutadiene market statistics, including polybutadiene industry global market size, regional shares, competitors with a polybutadiene market share, detailed polybutadiene market segments, market trends and opportunities, and any further data you may need to thrive in the polybutadiene industry. This polybutadiene market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The synthetic rubber and fiber refer to artificial elastomers that are produced via the polymerization of a variety of petroleum-based monomers. The synthetic rubber and fibers have superior elastic properties and greater durability. The main types of synthetic rubber and fibers are synthetic fibers, styrene-butadiene rubber (sbr), polybutadiene (BR), ethylene propylene (EPDM), and other types of synthetic rubber and fibers. Synthetic fibers are man-made textile fibers, including those made from natural materials (such as rayon and acetate from cellulose or regenerated protein fibers from zein or casein) and fully synthetic fibers (such as nylon or acrylic fibers). The applications involved are non-tire automotive, footwear, tire, construction, and other applications. The distribution channels are offline and online. The global synthetic rubber and fibers market is segmented - 1) By Type: Synthetic Fibers, Styrene Butadiene Rubber (SBR), Polybutadiene (BR), Ethylene Propylene (EPDM), Other Synthetic Rubber and Fibers 2) By Application: Non-Tire Automotive, Footwear, Tire, Construction, Other Applications 3) By Distribution Channel: Offline, Online The global synthetic rubber and fibers market grew from $285.65 billion in 2022 to $307.6 billion in 2023 at a compound annual growth rate (CAGR) of 7.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The synthetic rubber and fibers market is expected to grow to $403.27 billion in 2027 at a CAGR of 7.0%. Technology is expected to be a continued driver of market growth during this period. Industries that involve technology, such as this one, benefited from this trend during this period. For example, technologies such as Green Tires, where 20–30% of a vehicle's fuel consumption is related to tire performance, took off during this period. Green tires offer wet grip, durability, and low rolling resistance, reducing fuel consumption by 5–7%. Thus, technological advances that enabled improved performance and reduced fuel consumption contributed to the market growth. Major companies in the synthetic rubber and fibers market include Sinopec Limited, Mitsubishi Chemical Holdings Corp, Exxon Mobil, Lotte Chemical Corp, Odebrecht Engenharia E Construcao Sa, Teijin Ltd., Asahi Kasei Corporation, SK Innovation Co, GS Caltex Corporation, and Lenzing AG. Rising geopolitical tensions had a negative impact on the synthetic rubber and fibers markets during the historic period. Repercussions of geopolitical tensions include sanctions on Russia, trade protectionism, and heightened military tensions in the Middle East. Many countries place trade restrictions, especially on imports, to boost local production. For instance, Brexit is likely to lead to more trade restrictions between the UK and other countries in Europe. The US is also implementing several trade restrictions, especially with China, to boost its local production. For instance, the US imposed tariffs on $550 billion worth of Chinese goods, including chemicals and plastics, as of January 2020. Continued violence and terrorism in the Middle East and other parts of the world are also expected to have a negative impact on the market. Many manufacturers have started to use more synthetic than natural rubber because falling crude oil prices have led to lower prices. Synthetic rubber prices dropped 15% in Europe and 5% in the USA in the second quarter compared to a year earlier. The synthetic rubber supply was consistent and more affordable than natural rubber during the studied period. According to estimates, European manufacturers now use 60% synthetic rubber and 40% natural rubber for manufacturing products associated with rubber. For instance, according to a report by the Rubber World, the global synthetic rubber market is expected to reach 21.2 million metric tons by 2024. Asia-Pacific was the largest region in the synthetic rubber and fibers market in 2022. Western Europe was the second-largest region in the synthetic rubber and fibers market. The regions covered in the synthetic rubber and fibers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the synthetic rubber and fibers market are Argentina, Australia, Austria, Bangladesh, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Iran, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, Ukraine, USA, and Vietnam. The synthetic rubber and fibers market consists of the sales of neoprene, buna rubbers, and butyl rubbers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The synthetic rubber and fibers market research report is one of a series of new reports from The Business Research Company that provides synthetic rubber and fibers market statistics, including synthetic rubber and fibers industry global market size, regional shares, competitors with a synthetic rubber and fibers market share, detailed synthetic rubber and fibers market segments, market trends and opportunities, and any further data you may need to thrive in the synthetic rubber and fibers industry. This synthetic rubber and fibers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.

Rubber products refers to a collective term for all the goods made from a flexible material that can be vulcanized and polished into a variety of items and is made from the latex sap of trees, particularly those in the genera Hevea and Ficus. Rubber products are used to produce tires and retreading, rubber hoses and belting, rubber sealants, and all other rubber products which have domestic and industrial applications. The main types of rubber products are tire, hoses and belting, and other rubber products. A tyre, sometimes known as a tyre, is a ring-shaped element which covers the rim of a wheel to carry a vehicle’s weight from the axle to the earth while also providing grip on the ground over which the wheel moves. The different processes include molded, extruded, fabricated, latex-based, others and is used in various sectors such as construction & infrastructure, automotive, electrical & electronics, others. The global rubber products market is segmented – 1) By Type: Tire, Hoses And Belting, Other Rubber Product 2) By Process: Molded, Extruded, Fabricated, Latex-based, Other Processes 3) By End-User Industry: Construction & Infrastructure, Automotive, Electrical & Electronics, Other End Users Subsegments Covered: Radial Tires, Bias Tires, Rubber Hoses, Rubber Belts The global rubber products market size will grow from $374.37 billion in 2022 to $400.07 billion in 2023 at a compound annual growth rate (CAGR) of 6.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of rubber products is expected to grow to $503.79 billion in 2027 at a CAGR of 5.9%. Technological advancement is expected to be a continued driver of market growth during this period. Industries that involve technology, such as this one, benefited from this trend during this period. For example, technologies such as ”Green Tires", where 20-30% of a vehicle'’s fuel consumption is related to tire performance, took off during this period. Green Tires offer wet grip, durability and low rolling resistance, reducing fuel consumption by 5-7%. Thus, technological advancement which enabled improved performance, reduced fuel consumption contributed to the growth rubber products market. Major companies in the rubber products market include The Michelin Group, Bridgestone Corporation, Continental AG, Good Year Tire & Rubber Company, Sumitomo Rubber Group, The Hankook Tire group, Pirelli & C SpA, Yokohama Rubber Company Ltd., Toyo Tire & Rubber Co Ltd and Toyota Tsusho. The outbreak of Corona virus disease (COVID-19) has acted as a massive restraint on the rubber products manufacturing market in 2022 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China and spread globally including Western Europe, North America and Asia. Steps by national governments to contain the transmission have resulted in halting of manufacturing activities and a decline in economic activity with countries entering a state of '‘lock down'’ and the outbreak had a negative impact on businesses throughout 2021 and into 2021. However, it is expected that the rubber products manufacturing market will recover from the shock across the forecast period as it is a '‘black swan'’ event and not related to ongoing or fundamental weaknesses in the market or the global economy. Computer simulation and 3D printing technology is expected to have a significant impact on the rubber product manufacturing industry. Increasing number of companies are adopting 3D technology to design and develop rubber products. Software aided system offers 3D presentations on production line processes, including potential fault lines and also provides control on the manufacturing process. For example, Stratasys develops 3D printing technologies to produce automotive tires that can be customized to different levels of hardness, and elongation. Asia-Pacific was the largest region in the rubber products market in 2022. North America was the second largest region in the rubber products market share. The regions covered in the rubber products market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the rubber products market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The rubber products market consists of sales of pacifiers, clothes, mastication, tapping, and compression. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The rubber products market research report is one of a series of new reports from The Business Research Company that provides rubber products market statistics, including rubber products industry, global rubber products market size, regional shares, competitors with a rubber products market share, detailed rubber products market segments, market trends and opportunities, and any further data you may need to thrive in the rubber products industry. This rubber products market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Styrene is a colorless, gritty organic compound derived from benzene. Styrene is readily evaporable and is also used as a precursor to polystyrene and several other copolymers. The main types of styrene market are acrylonitrile butadiene styrene, expanded polystyrene, and other types. Expanded polystyrene (EPS) is a rigid, tough, and lightweight thermoplastic product. EPS is good for the packaging and construction industries because of its lightweight, strong, and excellent thermal insulation properties. It is also segmented by application into automotive, construction, packaging, consumer goods, and others that are available through offline and online distribution channels. The global styrene market is segmented - 1) By Type: Acrylonitrile butadiene styrene (ABS), Expanded polystyrene (EPS), Other Types 2) By Application: Automotive, Construction, Packaging consumer goods, Other Applications 3) By Distribution Channel: Offline, Online The global styrene market size is expected to grow from $49.3 billion in 2021 to $52.28 billion in 2022 at a compound annual growth rate (CAGR) of 6.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global styrene is expected to grow to $62.81 billion in 2026 at a CAGR of 4.7%. The high demand for polystyrene drives the growth of the styrene market. Styrene is used to produce polystyrene through suspension polymerization. Polystyrene is a versatile plastic used for the manufacturing of refrigerators, air conditioners, ovens, microwaves, and vacuum cleaners. Polystyrene is majorly used in the packaging industry as it keeps food fresher for a longer duration. The demand for polystyrene is high in the automobile industry, where it is used in manufacturing car knobs, instrument panels, trim, energy-absorbing door panels, and sound-dampening foam. Thus, strong demand for polystyrene has resulted in a rise in demand. For instance, India and Iran are expected to lead the capacity expansion in the forecast period in order to cater to the demand. In India, Supreme Petrochem and LG Polymers India are expected to add 0.15 mtpa and 0.03 mtpa (million tons per annum) respectively. Thus, the rising demand for polystyrene and its derivatives positively drives the growth of the styrene market. Major players in the styrene market are Alpek SAB DE CV, Ashland Inc., Ineos Group AG, Nova Chemicals Corporation, Bayer Material science, Chevron Phillips Chemical Company LLC., ENI S.p.A., INEOS Styrolution Holding Ltd., Saudi Basic Industries Corp. (SABIC), and Total S.A. The increasing health and environmental concerns due to the use of styrene limits the demand for styrene. Styrene is primarily used in the production of plastics and other resins. Short-term exposure to styrene in humans is known to result in mucous membrane and eye irritation and gastrointestinal effects, whereas long-term exposure to styrene results in effects on the central nervous system (CNS), such as headache, fatigue, weakness, depression, CSN dysfunction, hearing loss, and peripheral neuropathy. In animals, oral exposure to styrene affects the liver, blood, kidneys, and stomach. Thus, the ill effects of styrene on health and the environment restrict the growth of the styrene market. The companies in the styrene market are working towards developing techniques to recycle styrene. In order to increase the efficiency and popularity of styrene, companies are investing in developing methods to recycle styrene. In January 2022, Agilyx, a Norway-based chemical recycling firm and Toyo Styrene, a Japanese chemicals firm partnered and commenced the construction of Toyo Styrene Co Ltd polystyrene (PS) chemical recycling plant in Chiba, Japan. The plant will boast the per day capacity to recycle 10 tons of post-use polystyrene, a product produced from styrene and used in the manufacturing of tires, back into new styrene monomer for the future of the industry. In October 2020, Shrieve Chemical Company, a US-based chemicals company acquired Styrene Business unit and other assets of CLP Chemicals for an undisclosed amount. The acquisition expands Shrieve’s products offering and enhances its customer service. CLP Chemicals is an American industrial chemical distributor. Asia-Pacific was the largest region in the styrene market in 2022. North America was the second-largest region in the styrene market report. The regions covered in the styrene analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the styrene market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, the UK, the USA, and Australia. The styrene market consists of the sales of styrene used for making synthetic rubber, resins, and plastics and improving drying oils. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The styrene market research report is one of a series of new reports from The Business Research Company that provides styrene market statistics, including styrene industry global market size, regional shares, competitors with a styrene market share, detailed styrene market segments, market trends and opportunities, and any further data you may need to thrive in the styrene industry. This styrene market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Rubber additives refer to an elastic material created by coagulating the milky juice of any of several tropical plants. It is essentially an isoprene polymer that is made as sheets and subsequently dried. Rubber additives are used to improve the completed system's performance or to help in the system's processing. The main types of rubber additives are activators, accelerators, vulcanization inhibitors, plasticizers, and other types. Activators refer to inorganic and organic chemicals that are employed to start an accelerator's action. These are applicable to tires and non-tires and are used by the automotive, consumer goods, building and construction, and electrical insulation industries. The global rubber additives market is segmented - 1) By Type: Activators, Accelerators, Vulcanization Inhibitors, Plasticizers, Other Types 2) By Application: Tire, Non-Tire 3) By End Use: Automotive, Consumer Goods, Building and Construction, Electrical Insulation The global rubber additives market size grew from $5.15 billion in 2022 to $5.59 billion in 2023 at a compound annual growth rate (CAGR) of 8.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of global rubber additives is expected to grow to $7.58 billion in 2027 at a CAGR of 7.9%. Increasing demand for high-performance rubber is expected to propel the growth of the rubber additives market going forward. High-performance rubber refers to the material's capacity to tolerate rather harsh environmental conditions such as heat, chemicals, and solvents. High-performance natural rubber composites using a carbon nanotube-modified natural fiber reinforcing structure For instance, in April 2022, according to a report shared by the Association of Natural Rubber Producing Countries (ANRPC), a Malaysian-based inter-governmental organization, the natural rubber (NR) market is predicted to improve further in terms of consumption. Inn 2022, the global output was 1.113 million tons, up 3.8% from the same month in 2021, but global consumption increased at a faster rate of 5.8% to 1.206 million tons. Therefore, the increasing demand for high-performance rubber is driving the growth of the rubber additives market Major players in the rubber additives market are Lanxess AG, Solvay SA, Akzo Nobel N.V., BASF SE, Arkema S.A., Sinopec, Eastman Chemical Company, Emery Oleochemicals LLC, Behn Meyer Group, R.T. Vanderbilt Holding Company Inc., Behn Meyer Group, Prisma Rubber Additives Ltd., Kraton Corporation, Performance Additives, and Peter Greven GmbH & Co. KG Product innovations are a key trend gaining popularity in the rubber additives market. Major companies operating in the rubber additives market are focused on developing new product innovations to strengthen their position. For instance, in December 2020, BASF, a Germany-based rubber additives manufacturer, launched Licity 2680. It is a general-purpose, long-lasting anode binder solution customized for improved performance in lithium-ion cells. This solution was developed such that it enables balanced characteristics, high colloidal stability, excellent compatibility with co-binders such as CMC, and excellent processability. This would allow an increased number of charge/discharge cycles while preventing electrode swelling. In August 2021, Lanxess AG, a Germany-based specialty chemicals company, acquired Emerald Kalama chemicals for an amount of $425 million. Lanxess's dominant position in the preservatives industry is strengthened by this acquisition, and the new products will be used in high-growth applications such as food and beverage, detergents, fabric softeners, cosmetics, and personal care items. Emerald Kalama Chemical BV is a Netherlands-based company and manufacturer of rubber additives. Asia-Pacific was the largest region in the rubber additives market in 2022. North America is expected to be the fastest-growing region in the forecast period. The regions covered in this rubber additives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the rubber additives market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The rubber additives market consists of sales of rubber additives such as fillers and curing agents. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The rubber additives market research report is one of a series of new reports from The Business Research Company that provides rubber additives market statistics, including global market size, regional shares, competitors with a rubber additives market share, detailed rubber additives market segments, market trends and opportunities, and any further data you may need to thrive in the rubber additives industry. This rubber additives market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.